41275 Old Michigan Ave #1107 · Canton, MI 48188

$48,100

3 bd · 2.0 ba · 1,120 sqft · Manufactured · 31 Days on market

Built 2026 Excellent condition

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Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Condition / age +4.8/5.0
• Rent growth +2.6/5.0
• Livability +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks

Your brand new 3 bedroom, 2 bathroom home is waiting for you to move in! This comfortable home features premium entry doors, a modern bathroom, as well as new brand name appliances. In the community, enjoy with your friends and family all the amenities we have to offer such as community events, a playground, and . This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

Key facts

• Modern bathroom
• Premium entry doors
• Built 2026

Tags

• PREMIUM ENTRY DOORS
• MODERN BATHROOM
• NEW BRAND NAME APPLIANCES

Property features AI

Finance

• Other: Living area: 1120; Address: 41275 Old Michigan Ave #1107, Canton Township, MI 48188; Status: Active
• Financial info: List price $47,600

Exterior

• Utilities: Natural gas; Central air conditioning
• Home design: Condominium unit (Spec plan 92838)

Interior

• Bedrooms: 3 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Natural gas heating; Central air conditioning
• Interior features: 2 total bathrooms

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $48k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $1k ($14k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $48k).
• Recommended offer: $47k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• Wayne-Westland Community School District (suburban): math 11% / reading 27% proficiency, ranked #474 of 540 in MI (top 88%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents flat; 245 active listings in the ZIP; 2 comparable units currently listed for rent nearby; high-income renter base; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $333 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Wayne County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 0.5% rent growth), your $13k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 31 days — a 3% lower offer ($47k) is reasonable based on typical stale-listing flexibility.

Recommended offer $46,657 (3.0% below list)

Questions for the listing agent

1. It's been on market 31 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
4. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
5. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 3.88% ✓
• Cap rate: 34.78%
• Cash-on-cash: 101.73%
• DSCR: 5.53
• GRM: 2.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 0.46% rent growth · sell at horizon

5-year hold

• IRR: 100.0%
• Equity multiple: 5.48×
• Total profit: $60,304
• Equity at exit: $7,172

10-year hold

• IRR: —
• Equity multiple: 10.51×
• Total profit: $128,128
• Equity at exit: $4,159

Cash invested: $13,468 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 62 Landlord-Friendly
• State Michigan: 62 Landlord-Friendly · EVEN
• County: — inherits STATE
• City: — inherits STATE

7-day pay-or-quit; mixed climate; Detroit/AA have some protections.

Methodology + full state rankings →

ZIP-level market 48188

• Rents YoY: 0.5%
• Active inventory: 245
• Price-to-rent: 2.1×

Monthly cashflow live

• Estimated rent: $1,866 medium
• Mortgage (P&I): −$252
• Tax est. 1.5%: −$60 /mo · $722/yr
• Insurance: −$20
• HOA: −$0
• Vacancy / Maint / Mgmt: −$392
• Net cashflow: $1,142

Break-even live

Break-even rent $421

Max offer price $48,100

Occupancy floor 34%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $12,025
• Closing costs: $1,443
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
41021 Old Michigan Ave Canton, MI	2.0	2.0	900	$1,229	$1.37	43d	1	0.25mi
2268 Arcadia Dr Canton, MI	2.0	2.0	1168	$1,900	$1.63	17d	1	1.20mi

Listing history 14 events

1. 2026-06-18
   days on market $48,100 Active 31 DOM
2. 2026-06-17
   days on market $48,100 Active 30 DOM
3. 2026-06-16
   days on market $48,100 Active 29 DOM
4. 2026-06-15
   days on market $48,100 Active 28 DOM
5. 2026-06-13
   days on market $48,100 Active 26 DOM
6. 2026-06-13
   days on market $48,100 Active 25 DOM
7. 2026-06-09
   days on market $48,100 Active 22 DOM
8. 2026-06-08
   days on market $48,100 Active 21 DOM
9. 2026-06-07
   days on market $48,100 Active 20 DOM
10. 2026-06-04
    days on market $48,100 Active 17 DOM
11. 2026-06-03
    days on market $48,100 Active 16 DOM
12. 2026-06-02
    days on market $48,100 Active 15 DOM
13. 2026-06-01
    pricedays on market $48,100 Active 14 DOM
14. 2026-05-31
    days on market $47,600 Active 13 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $22,393
• − Mortgage interest: −$2,694
• − Property taxes: −$722
• − Insurance: −$240
• − Repairs & maintenance: −$1,791
• − Management: −$1,791
• − Depreciation: −$1,399
• Taxable income: $13,754
• Est. tax owed @ 24.0%: −$3,301
• After-tax cash flow: $10,400/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 2 photos

Excellent 95/100 None rehab

This brand new 3-bedroom, 2-bathroom manufactured home is move-in ready with excellent condition and no visible repairs or maintenance needed. It offers a great opportunity for investors looking to increase its value through minor updates.

Value-add opportunities

• Both Painting the exterior siding — Fresh paint can enhance curb appeal and increase both resale and rental value.
• Both Landscaping improvements — A well-maintained yard can increase curb appeal and attract more potential buyers or renters.
• Both Interior touch-ups — Updating paint and minor fixtures can improve the home's appearance and attract more buyers or renters.
• Both New flooring in high-traffic areas — New flooring can improve the home's appearance and increase its value for both resale and rental.
• Both Upgrading appliances — Upgrading to newer, more energy-efficient appliances can increase the home's value and attract more buyers or renters.
• Both Landscaping improvements — A well-maintained yard can increase curb appeal and attract more potential buyers or renters.

Renovation cost estimate screening

Value-add ROI direction

• Both Painting the exterior siding — Fresh paint can enhance curb appeal and increase both resale and rental value. ↑
• Both Landscaping improvements — A well-maintained yard can increase curb appeal and attract more potential buyers or renters. ↑
• Both Interior touch-ups — Updating paint and minor fixtures can improve the home's appearance and attract more buyers or renters. ↑
• Both New flooring in high-traffic areas — New flooring can improve the home's appearance and increase its value for both resale and rental. ↑
• Both Upgrading appliances — Upgrading to newer, more energy-efficient appliances can increase the home's value and attract more buyers or renters. ↑
• Both Landscaping improvements — A well-maintained yard can increase curb appeal and attract more potential buyers or renters. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Wayne-Westland Community School District
• NCES district ID: 2600015
• Math proficiency: 11% ▼ -6.00%
• Reading proficiency: 27% ▼ -2.00%
• Median HH income: $43,524
• Composite: 16.4/100
• National rank: #9195
• State rank: #474 of 540 in MI

Livability — Canton

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• County: Wayne County · 1,562,939 people
• City population: 99,041
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 45,665
• Household income: $122,781
• Rent vs Own: 17.2% rent · 82.8% own
• Severe rent burden: 486.0

Population outlook (Wayne County) Hauer SSP2

• Today (2025): 1,675,273 people
• By 2030: 1,620,300 · -3.3%
• By 2040: 1,502,341 · -10.3%
• By 2050: 1,384,039 · -17.4%
• By 2075: 1,124,592 · -32.9%
• By 2100: 881,193 · -47.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.59)
• Race & ethnicity: White 58% Asian 23% Black 11% Two or more races 6% Hispanic / Latino 3%
• Common ancestry: Romanian 8% Lithuanian 3% Slovak 2%
• Foreign-born: 23% · Canada, China, Vietnam
• Languages at home: 74% English-only · Other Indo-European 12% Other Asian/Pacific 4% Arabic 3%

Political lean MEDSL · Wayne

• 2024 margin: Strong D (+29.0) · D 62.7% · R 33.7% · Other 3.6%
• 2008→2024 swing: -20.5pp toward R · 2008: 49.5pp · 2024: 29.0pp
• All cycles: 2024: D+29.0 2020: D+38.1 2016: D+37.3 2012: D+46.9 2008: D+49.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -299.09%
• Current HPI: 193.4673
• Rent YoY: ▲ 0.46%
• Metro: Detroit-Warren-Dearborn, MI
• State GDP YoY: ▲ 1.37%
• F500 in state: 28

Industry mix (Fortune 500 HQ in MI)

Industry	F500 HQs	Revenue
▸Automotive Parts	3	$48B
▸Automotive	2	$372B
▸Chemicals	1	$45B
▸Automotive Retail	1	$29B
▸Healthcare / Medical Devices	1	$23B
▸Automotive Technology	1	$20B