5003 Maple St · Dearborn, MI 48126

$299,900

4 bd · 2.0 ba · 1,850 sqft · SingleFamily public records · 71 Days on market

Built 1924 5,227 sqft lot $162/sqft · 23% above area Est $386k · 22% under

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Why this score? — see what drove the D- 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).

• ARV discount +15.0/15.0
• Cash flow +6.5/30.0
• Rent growth +5.0/5.0
• Livability +4.0/5.0
• Schools +2.8/10.0
• Condition / age +2.5/5.0
• 1% rule +1.1/10.0
• DSCR +0.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

WOW JUST REDUCED $50,000. GREAT LOCATION NEAR FORDSON HIGH SCHOOL. 5 Bedrooms 3 1/2 baths, living room, family room or dining room, first floor office or bedroom with a full bath and a 1/2 bath. 4 bedrooms on the second floor with a full bath and a huge 3rd floor bedroom for extra space. Finished basement with a kitchen, full bath and 2 additional rooms that can be removed to make it a larger basement area. 2 1/2 car garage, central air, walking distance to Dearborn Fresh and many markets. Welcome to this spacious and versatile home located in the heart of Dearborn! Offering multiple levels of living space, this property is perfect for large families, multi-generational living, or investors seeking strong potential. Large covered front and side porch area. All date approx.

Key facts

• 5,227 sq ft lot
• 2 garage spots
• Built 1924

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $300k.

Deal economics

• At list price, monthly cash flow is $-504 ($-6k/yr) — negative.
• To cash-flow at today's rent, offer at most $211k (29.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $182k (39.2% below list).
• Recommended offer: $182k (39.2% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 80/100 on livability (#84 in MI, #1,904 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: amenities D.
• Dearborn City School District (urban): math 26% / reading 39% proficiency, ranked #325 of 540 in MI (top 60%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 66% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Miller Elementary School (math 18% / reading 26%, grade F, #1,035 of 1,397 statewide, top 77%, 552 students, 89% FRL); Woodworth Middle School (math 15% / reading 31%, grade F, #402 of 493 statewide, top 82%, 773 students, 88% FRL); Fordson High School (math 31% / reading 49%, grade F, #299 of 713 statewide, top 42%, 2,339 students, 85% FRL) — zoned schools average 87% FRL vs 66% district-wide (22 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+13.2%/yr); 107 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 1d on market — plan ~1-2 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• At $1,822/mo this rent would consume 52% of the median local household income ($42k/yr) (locally 2742% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k 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.

Negotiation context

• It's been on market 71 days — a 6% lower offer ($282k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 7y ago; this cycle's ask has dropped $50k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1924 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $182,240 (39.2% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 71 days. Have you received any prior offers? Is the seller open to a 39% concession, seller financing, or rate buy-down credit?
3. Built in 1924 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
8. 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.
9. 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.
10. 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: 0.61% ✗
• Cap rate: 4.28%
• Cash-on-cash: -7.20%
• DSCR: 0.68
• GRM: 13.7

CMA / ARV

• ARV (median comp): $386,420
• List price: $299,900
• Delta: -22.39%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4781 Williamson St	0.20mi	3/2.0 (-1)	1,872 (+1%)	2mo	$220,000	$118	82
5029 Williamson St	0.16mi	3/1.5 (-1)	1,925 (+4%)	7mo	$257,000	$134	73
4913 Middlesex St	0.12mi	3/2.5 (-1)	1,617 (-13%)	2mo	$280,000	$173	65
5401 Orchard Ave	0.50mi	4/2.5	1,923 (+4%)	8mo	$390,000	$203	62
4636 Ternes St	0.50mi	3/2.0 (-1)	1,926 (+4%)	6mo	$265,000	$138	60
4745 Mead St	0.63mi	3/2.0 (-1)	1,824 (-1%)	6mo	$267,000	$146	58
3939 Charles St	0.63mi	3/1.5 (-1)	1,834 (-1%)	7mo	$215,000	$117	56
6035 Maple St	0.69mi	3/1.0 (-1)	1,850 (0%)	8mo	$208,000	$112	53
5637 Horger St	0.45mi	5/2.0 (+1)	1,636 (-12%)	3mo	$315,000	$193	52
5856 Hartwell St	0.74mi	3/1.5 (-1)	1,748 (-6%)	6mo	$262,000	$150	44
5720 Argyle St	0.53mi	3/2.0 (-1)	2,114 (+14%)	9mo	$280,000	$132	39
14511 Lanson Ave	0.53mi	3/1.5 (-1)	2,100 (+14%)	8mo	$275,000	$131	39

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -23.9%
• Equity multiple: 0.15×
• Total profit: $-71,124
• Equity at exit: $44,716

10-year hold

• IRR: -9.7%
• Equity multiple: 0.29×
• Total profit: $-59,651
• Equity at exit: $25,930

Cash invested: $83,972 (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 48126

• Rents YoY: 13.2%
• Active inventory: 107
• Price-to-rent: 13.7×

Monthly cashflow live

• Estimated rent: $1,822 medium
• Mortgage (P&I): −$1,573
• Tax from tax record: −$246 /mo · $2,954/yr
• Insurance: −$125
• HOA: −$0
• Vacancy / Maint / Mgmt: −$383
• Net cashflow: $-504

Break-even live

Break-even rent $2,461

Max offer price $210,847

Occupancy floor —

Sensitivity live

Price	-10% $-334	-5% $-419	+0% $-504	+5% $-589	+10% $-674
Rent	-10% $-648	-5% $-576	+0% $-504	+5% $-432	+10% $-360
Rate	-1.0pp $-353	-0.5pp $-428	base $-504	+0.5pp $-582	+1.0pp $-661

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: $74,975
• Closing costs: $8,997
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5250 Calhoun St Dearborn, MI	3.0	1.0	1400	$1,300	$0.93	26d	1	0.28mi
4645 Rosalie St Dearborn, MI	3.0	1.0	1588	$1,700	$1.07	0d	1	1.10mi
15630 Middlebury Dr Dearborn, MI	3.0	1.0–2.5	983	$2,205	$2.24	0d	22	1.26mi

Listing history 28 events

1. 2026-06-15
   statusdays on market $299,900 Pending 71 DOM
2. 2026-06-13
   days on market $299,900 Active 70 DOM
3. 2026-06-09
   days on market $299,900 Active 66 DOM
4. 2026-06-08
   days on market $299,900 Active 65 DOM
5. 2026-06-07
   days on market $299,900 Active 64 DOM
6. 2026-06-04
   days on market $299,900 Active 61 DOM
7. 2026-06-03
   days on market $299,900 Active 60 DOM
8. 2026-06-02
   days on market $299,900 Active 59 DOM
9. 2026-06-01
   days on market $299,900 Active 58 DOM
10. 2026-05-31
    days on market $299,900 Active 57 DOM
11. 2026-05-09
    price $299,900 783-char remark

    Show marketing remark (783 chars)

    WOW JUST REDUCED $50,000. GREAT LOCATION NEAR FORDSON HIGH SCHOOL. 5 Bedrooms 3 1/2 baths, living room, family room or dining room, first floor office or bedroom with a full bath and a 1/2 bath. 4 bedrooms on the second floor with a full bath and a huge 3rd floor bedroom for extra space. Finished basement with a kitchen, full bath and 2 additional rooms that can be removed to make it a larger basement area. 2 1/2 car garage, central air, walking distance to Dearborn Fresh and many markets. Welcome to this spacious and versatile home located in the heart of Dearborn! Offering multiple levels of living space, this property is perfect for large families, multi-generational living, or investors seeking strong potential. Large covered front and side porch area. All date approx.

12. 2026-05-09
    price $299,900 783-char remark

    Show marketing remark (783 chars)

    WOW JUST REDUCED $50,000. GREAT LOCATION NEAR FORDSON HIGH SCHOOL. 5 Bedrooms 3 1/2 baths, living room, family room or dining room, first floor office or bedroom with a full bath and a 1/2 bath. 4 bedrooms on the second floor with a full bath and a huge 3rd floor bedroom for extra space. Finished basement with a kitchen, full bath and 2 additional rooms that can be removed to make it a larger basement area. 2 1/2 car garage, central air, walking distance to Dearborn Fresh and many markets. Welcome to this spacious and versatile home located in the heart of Dearborn! Offering multiple levels of living space, this property is perfect for large families, multi-generational living, or investors seeking strong potential. Large covered front and side porch area. All date approx.

13. 2026-04-04
    listed $349,900 Active 783-char remark

    Show marketing remark (783 chars)

    WOW JUST REDUCED $50,000. GREAT LOCATION NEAR FORDSON HIGH SCHOOL. 5 Bedrooms 3 1/2 baths, living room, family room or dining room, first floor office or bedroom with a full bath and a 1/2 bath. 4 bedrooms on the second floor with a full bath and a huge 3rd floor bedroom for extra space. Finished basement with a kitchen, full bath and 2 additional rooms that can be removed to make it a larger basement area. 2 1/2 car garage, central air, walking distance to Dearborn Fresh and many markets. Welcome to this spacious and versatile home located in the heart of Dearborn! Offering multiple levels of living space, this property is perfect for large families, multi-generational living, or investors seeking strong potential. Large covered front and side porch area. All date approx.

14. 2026-04-04
    listed $349,900 Active 783-char remark

    Show marketing remark (783 chars)

    WOW JUST REDUCED $50,000. GREAT LOCATION NEAR FORDSON HIGH SCHOOL. 5 Bedrooms 3 1/2 baths, living room, family room or dining room, first floor office or bedroom with a full bath and a 1/2 bath. 4 bedrooms on the second floor with a full bath and a huge 3rd floor bedroom for extra space. Finished basement with a kitchen, full bath and 2 additional rooms that can be removed to make it a larger basement area. 2 1/2 car garage, central air, walking distance to Dearborn Fresh and many markets. Welcome to this spacious and versatile home located in the heart of Dearborn! Offering multiple levels of living space, this property is perfect for large families, multi-generational living, or investors seeking strong potential. Large covered front and side porch area. All date approx.

15. 2019-08-01
    historical
16. 2019-08-01
    historical
17. 2019-07-31
    price $169,900
18. 2019-07-31
    price $169,900
19. 2019-07-30
    status Active
20. 2019-07-30
    status Active
21. 2019-07-04
    status Pending
22. 2019-07-04
    status Pending
23. 2019-06-30
    price $159,900
24. 2019-06-30
    price $159,900
25. 2019-06-24
    price $169,900
26. 2019-06-24
    price $169,900
27. 2019-06-23
    listed $159,900 Active
28. 2019-06-23
    listed $159,900 Active

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

Tax reassessment forecast MI · Partial reset (capped growth)

• Current annual tax: $2,954 · $246/mo
• Projected year-2 tax: $3,786 · $316/mo
• Expected delta: +$832/yr (+$69/mo · 28.2%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥96°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,869
• − Mortgage interest: −$16,799
• − Property taxes: −$2,954
• − Insurance: −$1,500
• − Repairs & maintenance: −$1,750
• − Management: −$1,750
• − Depreciation: −$8,724
• Taxable loss: −$11,607
• Est. tax savings @ 24.0%: +$2,786
• After-tax cash flow: $-3,264/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.

Schools (NCES district)

• District: Dearborn City School District
• NCES district ID: 2611600
• Math proficiency: 26% ▼ -14.00%
• Reading proficiency: 39% ▼ -8.00%
• Median HH income: $46,884
• Composite: 27.93/100
• National rank: #6864
• State rank: #325 of 540 in MI

Livability — Dearborn

• Score: 80/100
• State rank: #84
• US rank: #1904

Category grades

Amenities D Commute A+ Cost of living A+ Crime C Employment C Housing A+ Health & safety C User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Dearborn, MI
• County: Wayne County · 1,562,939 people
• City population: 86,476
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 51,997
• Household income: $42,140
• Rent vs Own: 43.4% rent · 56.6% own
• Severe rent burden: 2742.0

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: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 4% Black 3% Asian 2% Hispanic / Latino 1%
• Common ancestry: Arab 8% Romanian 2% Armenian 1%
• Foreign-born: 43% · Canada, South Korea
• Languages at home: 26% English-only · Arabic 70% Other Indo-European 2% Spanish 1%

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: ▼ -266.09%
• Current HPI: 241.0732
• Rent YoY: ▲ 13.15%
• 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

Price history

+87.6% since first listed

18 events — show timeline

• 2026-05-09 Price Changed $299,900 MiRealSource-MiMLS
• 2026-05-09 Price Changed $299,900 REALCOMP
• 2026-04-04 Listed $349,900 REALCOMP
• 2026-04-04 Listed $349,900 MiRealSource-MiMLS
• 2019-08-01 Listing Removed — REALCOMP
• 2019-08-01 Listing Removed — MiRealSource-MiMLS
• 2019-07-31 Price Changed $169,900 MiRealSource-MiMLS
• 2019-07-31 Price Changed $169,900 REALCOMP
• 2019-07-30 Relisted — MiRealSource-MiMLS
• 2019-07-30 Relisted — REALCOMP
• 2019-07-04 Pending — MiRealSource-MiMLS
• 2019-07-04 Pending — REALCOMP
• 2019-06-30 Price Changed $159,900 MiRealSource-MiMLS
• 2019-06-30 Price Changed $159,900 REALCOMP
• 2019-06-24 Price Changed $169,900 MiRealSource-MiMLS
• 2019-06-24 Price Changed $169,900 REALCOMP
• 2019-06-23 Listed $159,900 MiRealSource-MiMLS
• 2019-06-23 Listed $159,900 REALCOMP

Property tax history

-1.1%/yr

Latest (2025): $2,954 · -13.5% YoY. Source: county tax records.