2214 N Lafayette St · Dearborn, MI 48128

$269,900

3 bd · 2.0 ba · 1,252 sqft · SingleFamily public records · 10 Days on market

Built 1948 5,663 sqft lot $216/sqft · 53% above area Est $289k · 7% under

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Why this score? — see what drove the F 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 +10.5/15.0
• Cash flow +6.5/30.0
• Livability +4.0/5.0
• Schools +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• 1% rule +1.8/10.0
• DSCR +0.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

WELCOME TO THIS BEAUTIFULLY LOCATED 3 BEDROOM, 2 FULL BATH BRICK BUNGALOW IN THE HIGHLY DESIRABLE LEVAGOOD PARK AREA! THIS HOME OFFERS A FANTASTIC FLOOR PLAN WITH SPACIOUS ROOMS AND GREAT NATURAL LIGHT THROUGHOUT. NESTLED IN A PRIME LOCATION, YOU'RE JUST A SHORT WALK FROM SHOPPING, SCHOOLS, AND LOCAL AMENITIES. WHETHER YOU'RE A FIRST-TIME BUYER OR LOOKING TO UPGRADE, THIS HOME PRESENTS A GREAT OPPORTUNITY TO LIVE IN ONE OF THE AREA'S MOST SOUGHT-AFTER NEIGHBORHOODS. DON'T MISS YOUR CHANCE - SCHEDULE YOUR SHOWING TODAY!

Key facts

• 5,663 sq ft lot
• 2 garage spots
• Built 1948

Property features AI

Exterior

• Parking: Detached garage with about 2.5 car spaces
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One and one-half stories; Ground-level entry
• Construction: Brick construction; Block foundation
• Exterior features: Paved road access; Lot approximately 0.13 acres (40 x 137)

Interior

• Bathrooms: Two full bathrooms
• Heating & cooling: Central air conditioning; Forced air heating; Natural gas heat
• Interior features: Finished basement; Six total rooms

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $270k.

Deal economics

• At list price, monthly cash flow is $-458 ($-6k/yr) — negative.
• To cash-flow at today's rent, offer at most $189k (30.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $183k (32.3% below list).
• Recommended offer: $183k (32.3% 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: Haigh Elementary School (math 43% / reading 67%, grade C, #271 of 1,397 statewide, top 20%, 559 students, 57% FRL); Bryant Middle School (math 33% / reading 55%, grade D, #173 of 493 statewide, top 36%, 796 students, 58% FRL); Dearborn High School (math 33% / reading 54%, grade F, #257 of 713 statewide, top 36%, 1,969 students, 63% FRL).
• Zoned-school proficiency averages 48% at this address vs 32% district-wide (+15 pts) — the actual schools serving this property are materially stronger than the Dearborn City School District average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: 37 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $2k of loan paydown is wiped out by about $8k 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

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 12 sale attempts since 18y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1948 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $182,807 (32.3% 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. Built in 1948 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 0.68% ✗
• Cap rate: 4.25%
• Cash-on-cash: -7.28%
• DSCR: 0.68
• GRM: 12.3

CMA / ARV

• ARV (median comp): $289,125
• List price: $269,900
• Delta: -6.65%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2211 Drexel St	0.16mi	3/2.0	1,180 (-6%)	8mo	$251,000	$213	77
6043 N Vernon St	0.35mi	3/1.0	1,250 (-0%)	9mo	$175,000	$140	72
6015 Mayburn St W	0.39mi	4/1.0 (+1)	1,256 (+0%)	5mo	$149,000	$119	68
1340 N Franklin St	0.37mi	3/2.0	1,348 (+8%)	6mo	$325,000	$241	64
2045 N Vernon St	0.10mi	3/1.0	1,092 (-13%)	8mo	$245,000	$224	64
2213 N Waverly St	0.35mi	3/1.0	1,328 (+6%)	8mo	$250,000	$188	63
5763 N Silvery Ln	0.30mi	3/1.0	1,110 (-11%)	2mo	$153,000	$138	62
6062 Fenton St	0.38mi	2/2.0 (-1)	1,130 (-10%)	1mo	$205,000	$181	60
1808 N Melborn St	0.64mi	3/1.0	1,264 (+1%)	7mo	$275,000	$218	59
23752 Hollander St	0.58mi	3/1.5	1,300 (+4%)	10mo	$265,000	$204	56
6180 Colonial St	0.48mi	3/1.0	1,367 (+9%)	5mo	$240,000	$176	54
5959 Rosetta St	0.66mi	2/1.0 (-1)	1,236 (-1%)	7mo	$485,000	$392	52

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -29.0%
• Equity multiple: 0.04×
• Total profit: $-72,886
• Equity at exit: $40,243

10-year hold

• IRR: -28.8%
• Equity multiple: -0.33×
• Total profit: $-100,864
• Equity at exit: $23,336

Cash invested: $75,572 (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 48128

• Active inventory: 37
• Price-to-rent: 12.3×

Monthly cashflow live

• Estimated rent: $1,828 high
• Mortgage (P&I): −$1,415
• Tax from tax record: −$375 /mo · $4,498/yr
• Insurance: −$112
• HOA: −$0
• Vacancy / Maint / Mgmt: −$384
• Net cashflow: $-458

Break-even live

Break-even rent $2,408

Max offer price $188,906

Occupancy floor —

Sensitivity live

Price	-10% $-306	-5% $-382	+0% $-458	+5% $-535	+10% $-611
Rent	-10% $-603	-5% $-531	+0% $-458	+5% $-386	+10% $-314
Rate	-1.0pp $-323	-0.5pp $-390	base $-458	+0.5pp $-528	+1.0pp $-600

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: $67,475
• Closing costs: $8,097
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5722 Centralia St Dearborn Heights, MI	3.0	1.0	999	$1,750	$1.75	0d	1	0.78mi
6978 Mayburn St Dearborn Heights, MI	3.0	2.0	1250	$1,800	$1.44	46d	1	1.01mi
7080 Highview St Dearborn Heights, MI	3.0	2.5	1105	$2,000	$1.81	20d	1	1.05mi
7014 Kinmore St Dearborn Heights, MI	3.0	1.0	960	$1,900	$1.98	24d	1	1.08mi
7420 Drexel St Dearborn Heights, MI	2.0	1.0	1080	$1,700	$1.57	46d	1	1.24mi
7420 Drexel St Dearborn Heights, MI	2.0	1.0	1080	$1,700	$1.57	19d	1	1.24mi
7420 Drexel St Dearborn Heights, MI	2.0	1.0	1080	$1,600	$1.48	6d	1	1.24mi
1830 Belmont St Dearborn, MI	3.0	1.5	1762	$2,500	$1.42	46d	1	1.25mi
7462 N Vernon St Dearborn Heights, MI	4.0	1.0	1113	$1,900	$1.71	0d	1	1.27mi
26620 Baldwin St Dearborn Heights, MI	3.0	1.5	1156	$1,800	$1.56	0d	1	1.37mi
26322 Westphal St Dearborn Heights, MI	1.0–2.0	1.0	762	$1,455	$1.91	0d	25	1.40mi

Listing history 25 events

1. 2026-05-15
   status Pending 524-char remark

   Show marketing remark (524 chars)

   WELCOME TO THIS BEAUTIFULLY LOCATED 3 BEDROOM, 2 FULL BATH BRICK BUNGALOW IN THE HIGHLY DESIRABLE LEVAGOOD PARK AREA! THIS HOME OFFERS A FANTASTIC FLOOR PLAN WITH SPACIOUS ROOMS AND GREAT NATURAL LIGHT THROUGHOUT. NESTLED IN A PRIME LOCATION, YOU'RE JUST A SHORT WALK FROM SHOPPING, SCHOOLS, AND LOCAL AMENITIES. WHETHER YOU'RE A FIRST-TIME BUYER OR LOOKING TO UPGRADE, THIS HOME PRESENTS A GREAT OPPORTUNITY TO LIVE IN ONE OF THE AREA'S MOST SOUGHT-AFTER NEIGHBORHOODS. DON'T MISS YOUR CHANCE - SCHEDULE YOUR SHOWING TODAY!

2. 2026-05-15
   status Pending 552-char remark

   Show marketing remark (524 chars)

   WELCOME TO THIS BEAUTIFULLY LOCATED 3 BEDROOM, 2 FULL BATH BRICK BUNGALOW IN THE HIGHLY DESIRABLE LEVAGOOD PARK AREA! THIS HOME OFFERS A FANTASTIC FLOOR PLAN WITH SPACIOUS ROOMS AND GREAT NATURAL LIGHT THROUGHOUT. NESTLED IN A PRIME LOCATION, YOU'RE JUST A SHORT WALK FROM SHOPPING, SCHOOLS, AND LOCAL AMENITIES. WHETHER YOU'RE A FIRST-TIME BUYER OR LOOKING TO UPGRADE, THIS HOME PRESENTS A GREAT OPPORTUNITY TO LIVE IN ONE OF THE AREA'S MOST SOUGHT-AFTER NEIGHBORHOODS. DON'T MISS YOUR CHANCE - SCHEDULE YOUR SHOWING TODAY!

3. 2026-05-05
   listed $269,900 Active 524-char remark

   Show marketing remark (524 chars)

   WELCOME TO THIS BEAUTIFULLY LOCATED 3 BEDROOM, 2 FULL BATH BRICK BUNGALOW IN THE HIGHLY DESIRABLE LEVAGOOD PARK AREA! THIS HOME OFFERS A FANTASTIC FLOOR PLAN WITH SPACIOUS ROOMS AND GREAT NATURAL LIGHT THROUGHOUT. NESTLED IN A PRIME LOCATION, YOU'RE JUST A SHORT WALK FROM SHOPPING, SCHOOLS, AND LOCAL AMENITIES. WHETHER YOU'RE A FIRST-TIME BUYER OR LOOKING TO UPGRADE, THIS HOME PRESENTS A GREAT OPPORTUNITY TO LIVE IN ONE OF THE AREA'S MOST SOUGHT-AFTER NEIGHBORHOODS. DON'T MISS YOUR CHANCE - SCHEDULE YOUR SHOWING TODAY!

4. 2026-05-05
   listed $269,900 Active 552-char remark

   Show marketing remark (524 chars)

   WELCOME TO THIS BEAUTIFULLY LOCATED 3 BEDROOM, 2 FULL BATH BRICK BUNGALOW IN THE HIGHLY DESIRABLE LEVAGOOD PARK AREA! THIS HOME OFFERS A FANTASTIC FLOOR PLAN WITH SPACIOUS ROOMS AND GREAT NATURAL LIGHT THROUGHOUT. NESTLED IN A PRIME LOCATION, YOU'RE JUST A SHORT WALK FROM SHOPPING, SCHOOLS, AND LOCAL AMENITIES. WHETHER YOU'RE A FIRST-TIME BUYER OR LOOKING TO UPGRADE, THIS HOME PRESENTS A GREAT OPPORTUNITY TO LIVE IN ONE OF THE AREA'S MOST SOUGHT-AFTER NEIGHBORHOODS. DON'T MISS YOUR CHANCE - SCHEDULE YOUR SHOWING TODAY!

5. 2012-11-20
   soldstatus $70,000
6. 2012-10-29
   soldstatus $70,000

   Show marketing remark (354 chars)

   LEVAGOOD PARK BRICK BUNGALOW - GREAT STARTER HOME AND GREAT PRICE! 2 FULL BATHS - BIG OVERSIZED 2.5 CAR GARAGE - SPRINKLERS - FORMAL DINING ROOM - BRYANT FURNACE & C/A - NEWER ROOF, WINDOWS & HWH. NOT A SHORT SALE OR FORECLOSURE & WILL BE UP TO CODE! WHOLE HOME WATER PURIFIER - APPLIANCES STAYING! GENEROUS CLOSETS - SHOW & SELL!

7. 2012-10-29
   soldstatus $70,000

   Show marketing remark (354 chars)

   LEVAGOOD PARK BRICK BUNGALOW - GREAT STARTER HOME AND GREAT PRICE! 2 FULL BATHS - BIG OVERSIZED 2.5 CAR GARAGE - SPRINKLERS - FORMAL DINING ROOM - BRYANT FURNACE & C/A - NEWER ROOF, WINDOWS & HWH. NOT A SHORT SALE OR FORECLOSURE & WILL BE UP TO CODE! WHOLE HOME WATER PURIFIER - APPLIANCES STAYING! GENEROUS CLOSETS - SHOW & SELL!

8. 2012-10-01
   listed $69,900

   Show marketing remark (354 chars)

   LEVAGOOD PARK BRICK BUNGALOW - GREAT STARTER HOME AND GREAT PRICE! 2 FULL BATHS - BIG OVERSIZED 2.5 CAR GARAGE - SPRINKLERS - FORMAL DINING ROOM - BRYANT FURNACE & C/A - NEWER ROOF, WINDOWS & HWH. NOT A SHORT SALE OR FORECLOSURE & WILL BE UP TO CODE! WHOLE HOME WATER PURIFIER - APPLIANCES STAYING! GENEROUS CLOSETS - SHOW & SELL!

9. 2012-10-01
   listed $69,900

   Show marketing remark (354 chars)

   LEVAGOOD PARK BRICK BUNGALOW - GREAT STARTER HOME AND GREAT PRICE! 2 FULL BATHS - BIG OVERSIZED 2.5 CAR GARAGE - SPRINKLERS - FORMAL DINING ROOM - BRYANT FURNACE & C/A - NEWER ROOF, WINDOWS & HWH. NOT A SHORT SALE OR FORECLOSURE & WILL BE UP TO CODE! WHOLE HOME WATER PURIFIER - APPLIANCES STAYING! GENEROUS CLOSETS - SHOW & SELL!

10. 2009-08-11
    historical
11. 2009-06-24
    listed $99,900
12. 2009-06-24
    historical
13. 2009-06-18
    listed $99,900
14. 2009-06-18
    historical
15. 2009-06-08
    listed $104,900
16. 2009-06-08
    historical
17. 2009-05-18
    listed $110,000
18. 2009-05-18
    historical
19. 2009-01-06
    listed $119,900
20. 2009-01-06
    historical
21. 2008-09-15
    listed $119,900
22. 2008-09-15
    historical
23. 2008-07-14
    listed $129,900
24. 2008-07-11
    historical
25. 2008-01-24
    listed $159,900

ⓘ 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: $4,498 · $375/mo
• Projected year-2 tax: $4,498 · $375/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 ≥98°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,937
• − Mortgage interest: −$15,119
• − Property taxes: −$4,498
• − Insurance: −$1,350
• − Repairs & maintenance: −$1,755
• − Management: −$1,755
• − Depreciation: −$7,852
• Taxable loss: −$10,391
• Est. tax savings @ 24.0%: +$2,494
• After-tax cash flow: $-3,008/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
• City population: 86,476
• Population (ZIP): 12,844

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 (91%)
• Race & ethnicity: White 91% Hispanic / Latino 4% Two or more races 3% Asian 2% Black 2%
• Common ancestry: Romanian 11% Slovak 3% Lithuanian 2%
• Foreign-born: 18% · Canada, China
• Languages at home: 65% English-only · Arabic 31% Spanish 1% French/Haitian/Cajun 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: ▼ -141.10%
• Current HPI: 250.8859
• Rent YoY: —
• Metro: —
• 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

+67.0% since first listed

27 events — show timeline

• 2026-05-27 Sold (MLS) $267,000 MiRealSource-MiMLS
• 2026-05-27 Sold (MLS) $267,000 REALCOMP
• 2026-05-15 Pending — MiRealSource-MiMLS
• 2026-05-15 Pending — REALCOMP
• 2026-05-05 Listed $269,900 MiRealSource-MiMLS
• 2026-05-05 Listed $269,900 REALCOMP
• 2012-11-20 Sold (Public Records) $70,000 Public Records
• 2012-10-29 Sold (MLS) $70,000 MiRealSource-MiMLS
• 2012-10-29 Sold (MLS) $70,000 REALCOMP
• 2012-10-01 Listed $69,900 MiRealSource-MiMLS
• 2012-10-01 Listed $69,900 REALCOMP
• 2009-08-11 Listing Removed — REALCOMP
• 2009-06-24 Listing Removed — REALCOMP
• 2009-06-24 Listed $99,900 REALCOMP
• 2009-06-18 Listing Removed — REALCOMP
• 2009-06-18 Listed $99,900 REALCOMP
• 2009-06-08 Listing Removed — REALCOMP
• 2009-06-08 Listed $104,900 REALCOMP
• 2009-05-18 Listing Removed — REALCOMP
• 2009-05-18 Listed $110,000 REALCOMP
• 2009-01-06 Listing Removed — REALCOMP
• 2009-01-06 Listed $119,900 REALCOMP
• 2008-09-15 Listing Removed — REALCOMP
• 2008-09-15 Listed $119,900 REALCOMP
• 2008-07-14 Listed $129,900 REALCOMP
• 2008-07-11 Listing Removed — REALCOMP
• 2008-01-24 Listed $159,900 REALCOMP

Property tax history

+1.6%/yr

Latest (2025): $4,498 · -0.3% YoY. Source: county tax records.