1356 Albany St · Ferndale, MI 48220

$225,000

4 bd · 1.0 ba · 1,032 sqft · SingleFamily public records · 22 Days on market

Built 1924 6,229 sqft lot $218/sqft · 26% below area Est $305k · 26% under

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Why this score? — see what drove the C- 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 +15.6/30.0
• ARV discount +15.0/15.0
• DSCR +4.8/10.0
• Livability +4.5/5.0
• Rent growth +4.1/5.0
• 1% rule +3.8/10.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

1,032 SF Bungalow. 2 Car Detached Garage w/ Opener and Electric. 4 Bedrooms - 2 Bedrooms (1st Floor). 2 Bedrooms (2nd Floor). Bonus Room w/ Ceiling Fan (2nd Floor). 1st Floor Bathroom (Remodeled in 2024). Kitchen w/ Oven/Range. Dining Room. Living Room w/ Ceiling Fan. Hardwood Floors. Covered Front Porch. Covered Back Porch. Fenced Back Yard. Shed. Basement. Vinyl Siding. Ferndale School District. Gas Water Heater. Gravity Heat. Public Water. Public Sewer. Sidewalks. Buyer and/or Buyer's Agent to Verify All Information.

Key facts

• Covered front porch
• Fenced back yard
• Bonus room

Tags

• BONUS ROOM
• COVERED FRONT PORCH
• COVERED BACK PORCH
• FENCED BACK YARD
• FERNDALE SCHOOL DISTRICT
• VINYL SIDING

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $225k.

Deal economics

• At list price, monthly cash flow is $95 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $198k (11.9% below list).
• Recommended offer: $198k (11.9% below list) — sets the bar for 1% rule.
• Cap rate 6.8% vs local median 4.5% in Ferndale — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 90/100 on livability (#8 in MI, #103 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, employment A+; Watch: schools D+.
• Ferndale Public Schools (suburban): math 18% / reading 39% proficiency, ranked #366 of 540 in MI (top 68%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising fast (+6.2%/yr); 171 active listings in the ZIP; 19 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 2,614 units permitted in Oakland County in 2024 (721 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 $7k of value loss. Plan a longer hold.
• Oakland County population projected at +10% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 22 days — a 2% lower offer ($222k) is reasonable based on typical stale-listing flexibility.
• 12 sale attempts; this cycle's ask has dropped $15k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $27k; list at $225k implies a 736% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

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

Recommended offer $198,304 (11.9% below list)

Questions for the listing agent

1. Built in 1924 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 0.88% ✗
• Cap rate: 6.80%
• Cash-on-cash: 1.81%
• DSCR: 1.08
• GRM: 9.5

CMA / ARV

• ARV (median comp): $304,715
• List price: $225,000
• Delta: -26.16%
• 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
1356 Albany St	0.00mi	4/1.0	1,032 (0%)	1mo	$205,000	$199	99
1028 W Hazelhurst St	0.28mi	3/1.0 (-1)	1,087 (+5%)	2mo	$326,400	$300	71
23241 Republic Ave	0.49mi	3/1.0 (-1)	1,057 (+2%)	3mo	$211,150	$200	66
1368 Northway St	0.58mi	3/1.0 (-1)	1,017 (-2%)	0mo	$264,900	$260	65
8530 Saratoga St	0.39mi	3/1.0 (-1)	1,088 (+5%)	4mo	$207,000	$190	65
1169 W Marshall St	0.27mi	3/1.0 (-1)	909 (-12%)	1mo	$216,000	$238	62
8570 Troy St	0.43mi	3/1.5 (-1)	969 (-6%)	1mo	$260,000	$268	62
8796 Saratoga St	0.56mi	3/1.0 (-1)	985 (-5%)	0mo	$233,000	$237	61
21395 Westview Ave	0.52mi	3/1.0 (-1)	1,100 (+7%)	3mo	$125,000	$114	58
515 Farmdale St	0.71mi	3/2.0 (-1)	1,000 (-3%)	3mo	$265,000	$265	50
20805 Bethlawn Blvd	0.75mi	3/1.5 (-1)	1,083 (+5%)	3mo	$168,500	$156	47
23066 Ithaca St	0.69mi	3/2.0 (-1)	932 (-10%)	3mo	$230,000	$247	40

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 · 6.24% rent growth · sell at horizon

5-year hold

• IRR: -10.0%
• Equity multiple: 0.62×
• Total profit: $-23,755
• Equity at exit: $33,548

10-year hold

• IRR: 3.2%
• Equity multiple: 1.26×
• Total profit: $16,296
• Equity at exit: $19,454

Cash invested: $63,000 (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 48220

• Rents YoY: 6.2%
• Active inventory: 171
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $1,983 high
• Mortgage (P&I): −$1,180
• Tax from tax record: −$198 /mo · $2,375/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$416
• Net cashflow: $95

Break-even live

Break-even rent $1,863

Max offer price $225,000

Occupancy floor 90%

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: $56,250
• Closing costs: $6,750
• Reserves months: —
• Total cash needed: —

Rent comps 19 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1557 Leroy St Ferndale, MI	3.0	2.0	1380	$2,523	$1.83	5d	1	0.21mi
631 Shasta Pl Ferndale, MI	3.0	2.0	1317	$2,100	$1.59	44d	1	0.52mi
22811 Rosewood St Oak Park, MI	3.0	1.0	1000	$1,600	$1.60	24d	1	0.63mi
21374 Ithaca Ave Ferndale, MI	3.0	1.0	996	$1,775	$1.78	24d	1	0.78mi
23511 Majestic St Oak Park, MI	3.0	1.0	1100	$1,750	$1.59	24d	1	0.91mi
20458 Indiana St Detroit, MI	3.0	1.0	1049	$1,300	$1.24	18d	1	1.06mi
20445 Kentucky St Detroit, MI	3.0	1.0	1046	$1,200	$1.15	24d	1	1.11mi
20515 Ilene St Detroit, MI	3.0	1.0	891	$1,450	$1.63	44d	1	1.15mi
501 E Breckenridge St Ferndale, MI	3.0	1.0	946	$1,800	$1.90	24d	1	1.16mi
20110 Northlawn St Detroit, MI	3.0	1.0	1100	$1,350	$1.23	17d	1	1.17mi
20045 Greenlawn St Detroit, MI	3.0	1.0	925	$1,350	$1.46	44d	1	1.20mi
20038 Santa Rosa Dr Detroit, MI	3.0	1.0	927	$1,300	$1.40	17d	1	1.23mi
19986 Cherrylawn St Detroit, MI	4.0	1.5	1144	$1,700	$1.49	17d	1	1.28mi
2705 Inman St Ferndale, MI	3.0	2.5	1429	$3,195	$2.24	2d	1	1.30mi
25090 Woodward Ave Royal Oak, MI	1.0–3.0	1.0–2.5	1146	$4,195	$3.66	2d	13	1.30mi
20009 Wisconsin St Detroit, MI	3.0	1.5	1051	$1,400	$1.33	17d	1	1.30mi
20429 Monte Vista St Detroit, MI	3.0	1.0	872	$1,300	$1.49	17d	1	1.40mi
2803 Grayson St Ferndale, MI	3.0	2.0	1274	$2,000	$1.57	44d	1	1.47mi
20245 Manor Detroit, MI	3.0	1.0	1018	$1,400	$1.38	3d	1	1.48mi

Listing history 33 events

1. 2026-05-11
   status Pending 525-char remark

   Show marketing remark (525 chars)

   1,032 SF Bungalow. 2 Car Detached Garage w/ Opener and Electric. 4 Bedrooms - 2 Bedrooms (1st Floor). 2 Bedrooms (2nd Floor). Bonus Room w/ Ceiling Fan (2nd Floor). 1st Floor Bathroom (Remodeled in 2024). Kitchen w/ Oven/Range. Dining Room. Living Room w/ Ceiling Fan. Hardwood Floors. Covered Front Porch. Covered Back Porch. Fenced Back Yard. Shed. Basement. Vinyl Siding. Ferndale School District. Gas Water Heater. Gravity Heat. Public Water. Public Sewer. Sidewalks. Buyer and/or Buyer's Agent to Verify All Information.

2. 2026-05-11
   status Pending 525-char remark

   Show marketing remark (525 chars)

   1,032 SF Bungalow. 2 Car Detached Garage w/ Opener and Electric. 4 Bedrooms - 2 Bedrooms (1st Floor). 2 Bedrooms (2nd Floor). Bonus Room w/ Ceiling Fan (2nd Floor). 1st Floor Bathroom (Remodeled in 2024). Kitchen w/ Oven/Range. Dining Room. Living Room w/ Ceiling Fan. Hardwood Floors. Covered Front Porch. Covered Back Porch. Fenced Back Yard. Shed. Basement. Vinyl Siding. Ferndale School District. Gas Water Heater. Gravity Heat. Public Water. Public Sewer. Sidewalks. Buyer and/or Buyer's Agent to Verify All Information.

3. 2026-05-11
   status Pending

   Show marketing remark (525 chars)

   1,032 SF Bungalow. 2 Car Detached Garage w/ Opener and Electric. 4 Bedrooms - 2 Bedrooms (1st Floor). 2 Bedrooms (2nd Floor). Bonus Room w/ Ceiling Fan (2nd Floor). 1st Floor Bathroom (Remodeled in 2024). Kitchen w/ Oven/Range. Dining Room. Living Room w/ Ceiling Fan. Hardwood Floors. Covered Front Porch. Covered Back Porch. Fenced Back Yard. Shed. Basement. Vinyl Siding. Ferndale School District. Gas Water Heater. Gravity Heat. Public Water. Public Sewer. Sidewalks. Buyer and/or Buyer's Agent to Verify All Information.

4. 2026-05-11
   status Pending

   Show marketing remark (525 chars)

   1,032 SF Bungalow. 2 Car Detached Garage w/ Opener and Electric. 4 Bedrooms - 2 Bedrooms (1st Floor). 2 Bedrooms (2nd Floor). Bonus Room w/ Ceiling Fan (2nd Floor). 1st Floor Bathroom (Remodeled in 2024). Kitchen w/ Oven/Range. Dining Room. Living Room w/ Ceiling Fan. Hardwood Floors. Covered Front Porch. Covered Back Porch. Fenced Back Yard. Shed. Basement. Vinyl Siding. Ferndale School District. Gas Water Heater. Gravity Heat. Public Water. Public Sewer. Sidewalks. Buyer and/or Buyer's Agent to Verify All Information.

5. 2026-05-04
   historical Active Under Contract 525-char remark

   Show marketing remark (525 chars)

   1,032 SF Bungalow. 2 Car Detached Garage w/ Opener and Electric. 4 Bedrooms - 2 Bedrooms (1st Floor). 2 Bedrooms (2nd Floor). Bonus Room w/ Ceiling Fan (2nd Floor). 1st Floor Bathroom (Remodeled in 2024). Kitchen w/ Oven/Range. Dining Room. Living Room w/ Ceiling Fan. Hardwood Floors. Covered Front Porch. Covered Back Porch. Fenced Back Yard. Shed. Basement. Vinyl Siding. Ferndale School District. Gas Water Heater. Gravity Heat. Public Water. Public Sewer. Sidewalks. Buyer and/or Buyer's Agent to Verify All Information.

6. 2026-05-04
   historical Accepting Backup Offers

   Show marketing remark (525 chars)

   1,032 SF Bungalow. 2 Car Detached Garage w/ Opener and Electric. 4 Bedrooms - 2 Bedrooms (1st Floor). 2 Bedrooms (2nd Floor). Bonus Room w/ Ceiling Fan (2nd Floor). 1st Floor Bathroom (Remodeled in 2024). Kitchen w/ Oven/Range. Dining Room. Living Room w/ Ceiling Fan. Hardwood Floors. Covered Front Porch. Covered Back Porch. Fenced Back Yard. Shed. Basement. Vinyl Siding. Ferndale School District. Gas Water Heater. Gravity Heat. Public Water. Public Sewer. Sidewalks. Buyer and/or Buyer's Agent to Verify All Information.

7. 2026-05-04
   historical Keep Showing-Contgcy Appl 525-char remark

   Show marketing remark (525 chars)

   1,032 SF Bungalow. 2 Car Detached Garage w/ Opener and Electric. 4 Bedrooms - 2 Bedrooms (1st Floor). 2 Bedrooms (2nd Floor). Bonus Room w/ Ceiling Fan (2nd Floor). 1st Floor Bathroom (Remodeled in 2024). Kitchen w/ Oven/Range. Dining Room. Living Room w/ Ceiling Fan. Hardwood Floors. Covered Front Porch. Covered Back Porch. Fenced Back Yard. Shed. Basement. Vinyl Siding. Ferndale School District. Gas Water Heater. Gravity Heat. Public Water. Public Sewer. Sidewalks. Buyer and/or Buyer's Agent to Verify All Information.

8. 2026-05-04
   historical Active - Contingent

   Show marketing remark (525 chars)

   1,032 SF Bungalow. 2 Car Detached Garage w/ Opener and Electric. 4 Bedrooms - 2 Bedrooms (1st Floor). 2 Bedrooms (2nd Floor). Bonus Room w/ Ceiling Fan (2nd Floor). 1st Floor Bathroom (Remodeled in 2024). Kitchen w/ Oven/Range. Dining Room. Living Room w/ Ceiling Fan. Hardwood Floors. Covered Front Porch. Covered Back Porch. Fenced Back Yard. Shed. Basement. Vinyl Siding. Ferndale School District. Gas Water Heater. Gravity Heat. Public Water. Public Sewer. Sidewalks. Buyer and/or Buyer's Agent to Verify All Information.

9. 2026-05-02
   price $225,000 525-char remark

   Show marketing remark (525 chars)

   1,032 SF Bungalow. 2 Car Detached Garage w/ Opener and Electric. 4 Bedrooms - 2 Bedrooms (1st Floor). 2 Bedrooms (2nd Floor). Bonus Room w/ Ceiling Fan (2nd Floor). 1st Floor Bathroom (Remodeled in 2024). Kitchen w/ Oven/Range. Dining Room. Living Room w/ Ceiling Fan. Hardwood Floors. Covered Front Porch. Covered Back Porch. Fenced Back Yard. Shed. Basement. Vinyl Siding. Ferndale School District. Gas Water Heater. Gravity Heat. Public Water. Public Sewer. Sidewalks. Buyer and/or Buyer's Agent to Verify All Information.

10. 2026-05-02
    price $225,000

    Show marketing remark (525 chars)

    1,032 SF Bungalow. 2 Car Detached Garage w/ Opener and Electric. 4 Bedrooms - 2 Bedrooms (1st Floor). 2 Bedrooms (2nd Floor). Bonus Room w/ Ceiling Fan (2nd Floor). 1st Floor Bathroom (Remodeled in 2024). Kitchen w/ Oven/Range. Dining Room. Living Room w/ Ceiling Fan. Hardwood Floors. Covered Front Porch. Covered Back Porch. Fenced Back Yard. Shed. Basement. Vinyl Siding. Ferndale School District. Gas Water Heater. Gravity Heat. Public Water. Public Sewer. Sidewalks. Buyer and/or Buyer's Agent to Verify All Information.

11. 2026-05-01
    status Active 525-char remark

    Show marketing remark (525 chars)

    1,032 SF Bungalow. 2 Car Detached Garage w/ Opener and Electric. 4 Bedrooms - 2 Bedrooms (1st Floor). 2 Bedrooms (2nd Floor). Bonus Room w/ Ceiling Fan (2nd Floor). 1st Floor Bathroom (Remodeled in 2024). Kitchen w/ Oven/Range. Dining Room. Living Room w/ Ceiling Fan. Hardwood Floors. Covered Front Porch. Covered Back Porch. Fenced Back Yard. Shed. Basement. Vinyl Siding. Ferndale School District. Gas Water Heater. Gravity Heat. Public Water. Public Sewer. Sidewalks. Buyer and/or Buyer's Agent to Verify All Information.

12. 2026-05-01
    price $225,000 525-char remark

    Show marketing remark (525 chars)

    1,032 SF Bungalow. 2 Car Detached Garage w/ Opener and Electric. 4 Bedrooms - 2 Bedrooms (1st Floor). 2 Bedrooms (2nd Floor). Bonus Room w/ Ceiling Fan (2nd Floor). 1st Floor Bathroom (Remodeled in 2024). Kitchen w/ Oven/Range. Dining Room. Living Room w/ Ceiling Fan. Hardwood Floors. Covered Front Porch. Covered Back Porch. Fenced Back Yard. Shed. Basement. Vinyl Siding. Ferndale School District. Gas Water Heater. Gravity Heat. Public Water. Public Sewer. Sidewalks. Buyer and/or Buyer's Agent to Verify All Information.

13. 2026-05-01
    status Active 525-char remark

    Show marketing remark (525 chars)

    1,032 SF Bungalow. 2 Car Detached Garage w/ Opener and Electric. 4 Bedrooms - 2 Bedrooms (1st Floor). 2 Bedrooms (2nd Floor). Bonus Room w/ Ceiling Fan (2nd Floor). 1st Floor Bathroom (Remodeled in 2024). Kitchen w/ Oven/Range. Dining Room. Living Room w/ Ceiling Fan. Hardwood Floors. Covered Front Porch. Covered Back Porch. Fenced Back Yard. Shed. Basement. Vinyl Siding. Ferndale School District. Gas Water Heater. Gravity Heat. Public Water. Public Sewer. Sidewalks. Buyer and/or Buyer's Agent to Verify All Information.

14. 2026-05-01
    status Back on Market

    Show marketing remark (525 chars)

    1,032 SF Bungalow. 2 Car Detached Garage w/ Opener and Electric. 4 Bedrooms - 2 Bedrooms (1st Floor). 2 Bedrooms (2nd Floor). Bonus Room w/ Ceiling Fan (2nd Floor). 1st Floor Bathroom (Remodeled in 2024). Kitchen w/ Oven/Range. Dining Room. Living Room w/ Ceiling Fan. Hardwood Floors. Covered Front Porch. Covered Back Porch. Fenced Back Yard. Shed. Basement. Vinyl Siding. Ferndale School District. Gas Water Heater. Gravity Heat. Public Water. Public Sewer. Sidewalks. Buyer and/or Buyer's Agent to Verify All Information.

15. 2026-05-01
    status Active

    Show marketing remark (525 chars)

    1,032 SF Bungalow. 2 Car Detached Garage w/ Opener and Electric. 4 Bedrooms - 2 Bedrooms (1st Floor). 2 Bedrooms (2nd Floor). Bonus Room w/ Ceiling Fan (2nd Floor). 1st Floor Bathroom (Remodeled in 2024). Kitchen w/ Oven/Range. Dining Room. Living Room w/ Ceiling Fan. Hardwood Floors. Covered Front Porch. Covered Back Porch. Fenced Back Yard. Shed. Basement. Vinyl Siding. Ferndale School District. Gas Water Heater. Gravity Heat. Public Water. Public Sewer. Sidewalks. Buyer and/or Buyer's Agent to Verify All Information.

16. 2026-05-01
    price $225,000

    Show marketing remark (525 chars)

    1,032 SF Bungalow. 2 Car Detached Garage w/ Opener and Electric. 4 Bedrooms - 2 Bedrooms (1st Floor). 2 Bedrooms (2nd Floor). Bonus Room w/ Ceiling Fan (2nd Floor). 1st Floor Bathroom (Remodeled in 2024). Kitchen w/ Oven/Range. Dining Room. Living Room w/ Ceiling Fan. Hardwood Floors. Covered Front Porch. Covered Back Porch. Fenced Back Yard. Shed. Basement. Vinyl Siding. Ferndale School District. Gas Water Heater. Gravity Heat. Public Water. Public Sewer. Sidewalks. Buyer and/or Buyer's Agent to Verify All Information.

17. 2026-04-10
    status Pending 525-char remark

    Show marketing remark (525 chars)

    1,032 SF Bungalow. 2 Car Detached Garage w/ Opener and Electric. 4 Bedrooms - 2 Bedrooms (1st Floor). 2 Bedrooms (2nd Floor). Bonus Room w/ Ceiling Fan (2nd Floor). 1st Floor Bathroom (Remodeled in 2024). Kitchen w/ Oven/Range. Dining Room. Living Room w/ Ceiling Fan. Hardwood Floors. Covered Front Porch. Covered Back Porch. Fenced Back Yard. Shed. Basement. Vinyl Siding. Ferndale School District. Gas Water Heater. Gravity Heat. Public Water. Public Sewer. Sidewalks. Buyer and/or Buyer's Agent to Verify All Information.

18. 2026-04-10
    status Pending 525-char remark

    Show marketing remark (525 chars)

    1,032 SF Bungalow. 2 Car Detached Garage w/ Opener and Electric. 4 Bedrooms - 2 Bedrooms (1st Floor). 2 Bedrooms (2nd Floor). Bonus Room w/ Ceiling Fan (2nd Floor). 1st Floor Bathroom (Remodeled in 2024). Kitchen w/ Oven/Range. Dining Room. Living Room w/ Ceiling Fan. Hardwood Floors. Covered Front Porch. Covered Back Porch. Fenced Back Yard. Shed. Basement. Vinyl Siding. Ferndale School District. Gas Water Heater. Gravity Heat. Public Water. Public Sewer. Sidewalks. Buyer and/or Buyer's Agent to Verify All Information.

19. 2026-04-10
    status Pending

    Show marketing remark (525 chars)

    1,032 SF Bungalow. 2 Car Detached Garage w/ Opener and Electric. 4 Bedrooms - 2 Bedrooms (1st Floor). 2 Bedrooms (2nd Floor). Bonus Room w/ Ceiling Fan (2nd Floor). 1st Floor Bathroom (Remodeled in 2024). Kitchen w/ Oven/Range. Dining Room. Living Room w/ Ceiling Fan. Hardwood Floors. Covered Front Porch. Covered Back Porch. Fenced Back Yard. Shed. Basement. Vinyl Siding. Ferndale School District. Gas Water Heater. Gravity Heat. Public Water. Public Sewer. Sidewalks. Buyer and/or Buyer's Agent to Verify All Information.

20. 2026-04-10
    status Pending

    Show marketing remark (525 chars)

    1,032 SF Bungalow. 2 Car Detached Garage w/ Opener and Electric. 4 Bedrooms - 2 Bedrooms (1st Floor). 2 Bedrooms (2nd Floor). Bonus Room w/ Ceiling Fan (2nd Floor). 1st Floor Bathroom (Remodeled in 2024). Kitchen w/ Oven/Range. Dining Room. Living Room w/ Ceiling Fan. Hardwood Floors. Covered Front Porch. Covered Back Porch. Fenced Back Yard. Shed. Basement. Vinyl Siding. Ferndale School District. Gas Water Heater. Gravity Heat. Public Water. Public Sewer. Sidewalks. Buyer and/or Buyer's Agent to Verify All Information.

21. 2026-04-06
    status Active 525-char remark

    Show marketing remark (525 chars)

    1,032 SF Bungalow. 2 Car Detached Garage w/ Opener and Electric. 4 Bedrooms - 2 Bedrooms (1st Floor). 2 Bedrooms (2nd Floor). Bonus Room w/ Ceiling Fan (2nd Floor). 1st Floor Bathroom (Remodeled in 2024). Kitchen w/ Oven/Range. Dining Room. Living Room w/ Ceiling Fan. Hardwood Floors. Covered Front Porch. Covered Back Porch. Fenced Back Yard. Shed. Basement. Vinyl Siding. Ferndale School District. Gas Water Heater. Gravity Heat. Public Water. Public Sewer. Sidewalks. Buyer and/or Buyer's Agent to Verify All Information.

22. 2026-04-06
    status Active 525-char remark

    Show marketing remark (525 chars)

    1,032 SF Bungalow. 2 Car Detached Garage w/ Opener and Electric. 4 Bedrooms - 2 Bedrooms (1st Floor). 2 Bedrooms (2nd Floor). Bonus Room w/ Ceiling Fan (2nd Floor). 1st Floor Bathroom (Remodeled in 2024). Kitchen w/ Oven/Range. Dining Room. Living Room w/ Ceiling Fan. Hardwood Floors. Covered Front Porch. Covered Back Porch. Fenced Back Yard. Shed. Basement. Vinyl Siding. Ferndale School District. Gas Water Heater. Gravity Heat. Public Water. Public Sewer. Sidewalks. Buyer and/or Buyer's Agent to Verify All Information.

23. 2026-04-06
    status Back on Market

    Show marketing remark (525 chars)

    1,032 SF Bungalow. 2 Car Detached Garage w/ Opener and Electric. 4 Bedrooms - 2 Bedrooms (1st Floor). 2 Bedrooms (2nd Floor). Bonus Room w/ Ceiling Fan (2nd Floor). 1st Floor Bathroom (Remodeled in 2024). Kitchen w/ Oven/Range. Dining Room. Living Room w/ Ceiling Fan. Hardwood Floors. Covered Front Porch. Covered Back Porch. Fenced Back Yard. Shed. Basement. Vinyl Siding. Ferndale School District. Gas Water Heater. Gravity Heat. Public Water. Public Sewer. Sidewalks. Buyer and/or Buyer's Agent to Verify All Information.

24. 2026-04-06
    status Active

    Show marketing remark (525 chars)

    1,032 SF Bungalow. 2 Car Detached Garage w/ Opener and Electric. 4 Bedrooms - 2 Bedrooms (1st Floor). 2 Bedrooms (2nd Floor). Bonus Room w/ Ceiling Fan (2nd Floor). 1st Floor Bathroom (Remodeled in 2024). Kitchen w/ Oven/Range. Dining Room. Living Room w/ Ceiling Fan. Hardwood Floors. Covered Front Porch. Covered Back Porch. Fenced Back Yard. Shed. Basement. Vinyl Siding. Ferndale School District. Gas Water Heater. Gravity Heat. Public Water. Public Sewer. Sidewalks. Buyer and/or Buyer's Agent to Verify All Information.

25. 2026-04-01
    status Pending 525-char remark

    Show marketing remark (525 chars)

    1,032 SF Bungalow. 2 Car Detached Garage w/ Opener and Electric. 4 Bedrooms - 2 Bedrooms (1st Floor). 2 Bedrooms (2nd Floor). Bonus Room w/ Ceiling Fan (2nd Floor). 1st Floor Bathroom (Remodeled in 2024). Kitchen w/ Oven/Range. Dining Room. Living Room w/ Ceiling Fan. Hardwood Floors. Covered Front Porch. Covered Back Porch. Fenced Back Yard. Shed. Basement. Vinyl Siding. Ferndale School District. Gas Water Heater. Gravity Heat. Public Water. Public Sewer. Sidewalks. Buyer and/or Buyer's Agent to Verify All Information.

26. 2026-04-01
    status Pending 525-char remark

    Show marketing remark (525 chars)

    1,032 SF Bungalow. 2 Car Detached Garage w/ Opener and Electric. 4 Bedrooms - 2 Bedrooms (1st Floor). 2 Bedrooms (2nd Floor). Bonus Room w/ Ceiling Fan (2nd Floor). 1st Floor Bathroom (Remodeled in 2024). Kitchen w/ Oven/Range. Dining Room. Living Room w/ Ceiling Fan. Hardwood Floors. Covered Front Porch. Covered Back Porch. Fenced Back Yard. Shed. Basement. Vinyl Siding. Ferndale School District. Gas Water Heater. Gravity Heat. Public Water. Public Sewer. Sidewalks. Buyer and/or Buyer's Agent to Verify All Information.

27. 2026-04-01
    status Pending

    Show marketing remark (525 chars)

    1,032 SF Bungalow. 2 Car Detached Garage w/ Opener and Electric. 4 Bedrooms - 2 Bedrooms (1st Floor). 2 Bedrooms (2nd Floor). Bonus Room w/ Ceiling Fan (2nd Floor). 1st Floor Bathroom (Remodeled in 2024). Kitchen w/ Oven/Range. Dining Room. Living Room w/ Ceiling Fan. Hardwood Floors. Covered Front Porch. Covered Back Porch. Fenced Back Yard. Shed. Basement. Vinyl Siding. Ferndale School District. Gas Water Heater. Gravity Heat. Public Water. Public Sewer. Sidewalks. Buyer and/or Buyer's Agent to Verify All Information.

28. 2026-04-01
    status Pending

    Show marketing remark (525 chars)

    1,032 SF Bungalow. 2 Car Detached Garage w/ Opener and Electric. 4 Bedrooms - 2 Bedrooms (1st Floor). 2 Bedrooms (2nd Floor). Bonus Room w/ Ceiling Fan (2nd Floor). 1st Floor Bathroom (Remodeled in 2024). Kitchen w/ Oven/Range. Dining Room. Living Room w/ Ceiling Fan. Hardwood Floors. Covered Front Porch. Covered Back Porch. Fenced Back Yard. Shed. Basement. Vinyl Siding. Ferndale School District. Gas Water Heater. Gravity Heat. Public Water. Public Sewer. Sidewalks. Buyer and/or Buyer's Agent to Verify All Information.

29. 2026-03-24
    listed $240,000 Active 525-char remark

    Show marketing remark (525 chars)

    1,032 SF Bungalow. 2 Car Detached Garage w/ Opener and Electric. 4 Bedrooms - 2 Bedrooms (1st Floor). 2 Bedrooms (2nd Floor). Bonus Room w/ Ceiling Fan (2nd Floor). 1st Floor Bathroom (Remodeled in 2024). Kitchen w/ Oven/Range. Dining Room. Living Room w/ Ceiling Fan. Hardwood Floors. Covered Front Porch. Covered Back Porch. Fenced Back Yard. Shed. Basement. Vinyl Siding. Ferndale School District. Gas Water Heater. Gravity Heat. Public Water. Public Sewer. Sidewalks. Buyer and/or Buyer's Agent to Verify All Information.

30. 2026-03-23
    listed $240,000 Active 525-char remark

    Show marketing remark (525 chars)

    1,032 SF Bungalow. 2 Car Detached Garage w/ Opener and Electric. 4 Bedrooms - 2 Bedrooms (1st Floor). 2 Bedrooms (2nd Floor). Bonus Room w/ Ceiling Fan (2nd Floor). 1st Floor Bathroom (Remodeled in 2024). Kitchen w/ Oven/Range. Dining Room. Living Room w/ Ceiling Fan. Hardwood Floors. Covered Front Porch. Covered Back Porch. Fenced Back Yard. Shed. Basement. Vinyl Siding. Ferndale School District. Gas Water Heater. Gravity Heat. Public Water. Public Sewer. Sidewalks. Buyer and/or Buyer's Agent to Verify All Information.

31. 2026-03-23
    listed $240,000 Active

    Show marketing remark (525 chars)

    1,032 SF Bungalow. 2 Car Detached Garage w/ Opener and Electric. 4 Bedrooms - 2 Bedrooms (1st Floor). 2 Bedrooms (2nd Floor). Bonus Room w/ Ceiling Fan (2nd Floor). 1st Floor Bathroom (Remodeled in 2024). Kitchen w/ Oven/Range. Dining Room. Living Room w/ Ceiling Fan. Hardwood Floors. Covered Front Porch. Covered Back Porch. Fenced Back Yard. Shed. Basement. Vinyl Siding. Ferndale School District. Gas Water Heater. Gravity Heat. Public Water. Public Sewer. Sidewalks. Buyer and/or Buyer's Agent to Verify All Information.

32. 2026-03-23
    listed $240,000 Active

    Show marketing remark (525 chars)

    1,032 SF Bungalow. 2 Car Detached Garage w/ Opener and Electric. 4 Bedrooms - 2 Bedrooms (1st Floor). 2 Bedrooms (2nd Floor). Bonus Room w/ Ceiling Fan (2nd Floor). 1st Floor Bathroom (Remodeled in 2024). Kitchen w/ Oven/Range. Dining Room. Living Room w/ Ceiling Fan. Hardwood Floors. Covered Front Porch. Covered Back Porch. Fenced Back Yard. Shed. Basement. Vinyl Siding. Ferndale School District. Gas Water Heater. Gravity Heat. Public Water. Public Sewer. Sidewalks. Buyer and/or Buyer's Agent to Verify All Information.

33. 1984-02-01
    soldstatus $26,900

ⓘ 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: $2,375 · $198/mo
• Projected year-2 tax: $2,920 · $243/mo
• Expected delta: +$545/yr (+$45/mo · 22.9%)

ⓘ 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 ≥97°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $23,796
• − Mortgage interest: −$12,603
• − Property taxes: −$2,375
• − Insurance: −$1,125
• − Repairs & maintenance: −$1,904
• − Management: −$1,904
• − Depreciation: −$6,545
• Taxable loss: −$2,660
• Est. tax savings @ 24.0%: +$638
• After-tax cash flow: $1,779/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: Ferndale Public Schools
• NCES district ID: 2614280
• Math proficiency: 18% ▼ -3.00%
• Reading proficiency: 39% ▲ 5.00%
• Median HH income: $56,069
• Composite: 25.46/100
• National rank: #7449
• State rank: #366 of 540 in MI

Livability — Ferndale

• Score: 90/100
• State rank: #8
• US rank: #103

Category grades

Amenities A+ Commute A+ Cost of living A+ Crime B Employment A+ Housing A+ Health & safety B- User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Ferndale, MI
• County: Oakland County · 1,009,092 people
• City population: 21,527
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 21,527
• Household income: $89,881
• Rent vs Own: 36.3% rent · 63.7% own
• Severe rent burden: 670.0

Population outlook (Oakland County) Hauer SSP2

• Today (2025): 1,335,747 people
• By 2030: 1,375,100 · +2.9%
• By 2040: 1,435,385 · +7.5%
• By 2050: 1,469,250 · +10.0%
• By 2075: 1,531,946 · +14.7%
• By 2100: 1,450,485 · +8.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (72%)
• Race & ethnicity: White 72% Black 15% Two or more races 6% Hispanic / Latino 5% Asian 3%
• Common ancestry: Romanian 11% Lithuanian 6% Slovak 3%
• Foreign-born: 4% · Canada, South Korea
• Languages at home: 95% English-only · Spanish 2% Other Indo-European 1% German/W. Germanic 1%

Political lean MEDSL · Oakland

• 2024 margin: D (+10.6) · D 54.4% · R 43.8% · Other 1.9%
• 2008→2024 swing: -3.9pp toward R · 2008: 14.5pp · 2024: 10.6pp
• All cycles: 2024: D+10.6 2020: D+14.1 2016: D+8.1 2012: D+8.1 2008: D+14.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -394.92%
• Current HPI: 273.0986
• Rent YoY: ▲ 6.24%
• 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

+736.4% since first listed

33 events — show timeline

• 2026-05-11 Pending — REALCOMP
• 2026-05-11 Pending — MiRealSource-MiMLS
• 2026-05-11 Pending — MiRealSource-MiMLS
• 2026-05-11 Pending — SW Michigan MLS
• 2026-05-04 Contingent — REALCOMP
• 2026-05-04 Contingent — MiRealSource-MiMLS
• 2026-05-04 Contingent — MiRealSource-MiMLS
• 2026-05-04 Contingent — SW Michigan MLS
• 2026-05-02 Price Changed $225,000 MiRealSource-MiMLS
• 2026-05-02 Price Changed $225,000 MiRealSource-MiMLS
• 2026-05-01 Relisted — REALCOMP
• 2026-05-01 Price Changed $225,000 REALCOMP
• 2026-05-01 Relisted — MiRealSource-MiMLS
• 2026-05-01 Relisted — MiRealSource-MiMLS
• 2026-05-01 Relisted — SW Michigan MLS
• 2026-05-01 Price Changed $225,000 SW Michigan MLS
• 2026-04-10 Pending — REALCOMP
• 2026-04-10 Pending — MiRealSource-MiMLS
• 2026-04-10 Pending — MiRealSource-MiMLS
• 2026-04-10 Pending — SW Michigan MLS
• 2026-04-06 Relisted — REALCOMP
• 2026-04-06 Relisted — MiRealSource-MiMLS
• 2026-04-06 Relisted — MiRealSource-MiMLS
• 2026-04-06 Relisted — SW Michigan MLS
• 2026-04-01 Pending — MiRealSource-MiMLS
• 2026-04-01 Pending — REALCOMP
• 2026-04-01 Pending — MiRealSource-MiMLS
• 2026-04-01 Pending — SW Michigan MLS
• 2026-03-24 Listed $240,000 REALCOMP
• 2026-03-23 Listed $240,000 SW Michigan MLS
• 2026-03-23 Listed $240,000 MiRealSource-MiMLS
• 2026-03-23 Listed $240,000 MiRealSource-MiMLS
• 1984-02-01 Sold (Public Records) $26,900 Public Records

Property tax history

+1.2%/yr

Latest (2025): $2,375 · -15.3% YoY. Source: county tax records.