4124 Jackson St · Dearborn Heights, MI 48125

$149,900

4 bd · 2.0 ba · 1,708 sqft · MultiFamily public records · 2 Days on market

Built 1941 10,019 sqft lot Est $181k · 17% under

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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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +4.0/5.0
• Rent growth +3.0/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (2-4 Unit). Listing-text estimate: 1 unit. estimate disagrees with records

Listing remarks MLS

Opportunity knocks!! Great potential! 4 possibly 5 bedroom spacious bungalow with a 3 car capacity (2 single doors) garage (600 sq ft) on a wide (80') double lot at a really great price!! Upper primary bedroom suite with private bath, walkin closet, extra rooms and a door to an upper outdoor balcony. Large floored attic for storage. Oak kitchen. 1st floor full bath. Living room with fireplace. Formal dining. Family room with doorwall to deck could be 5th bedroom. Price reflects needed repairs and or updates. Being sold strictly as-is. .. seller will do no repairs. No FHA or VA offers please. All sizes shown are strictly estimates. Information contained in this listing is deemed reliable but not guaranteed. .. .. .buyer or buyer's agent to verify all information. Purchaser to order any required city inspections and perform any required repairs after closing at purchaser's expense, Current inspection in documents/disclosures. Owner is a licensed broker in the state of Michigan. A licensed agent must be physically present for all showings…NO EXCEPTIONS.

Key facts

• Oak kitchen
• Private bath
• Walkin closet

Tags

• UPPER PRIMARY BEDROOM SUITE
• PRIVATE BATH
• WALKIN CLOSET
• LARGE FLOORED ATTIC
• OAK KITCHEN
• LIVING ROOM WITH FIREPLACE

Property features AI

Exterior

• Parking: Detached garage with garage door opener (3 car spaces)
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One and one-half story; Ground-level entry with steps
• Construction: Vinyl siding; Block foundation; Built area above grade: 1,708 square feet
• Exterior features: Deck; Paved road access

Interior

• Kitchen: Free-standing refrigerator
• Bedrooms: Total of 8 rooms (bedroom count not specified)
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating (natural gas); Ceiling fans; No central air
• Interior features: Gas water heater; Fireplace in the living room; Unfinished basement
• Laundry & utility: Washer and dryer included

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath multifamily listed at $150k.

Deal economics

• At list price, monthly cash flow is $917 ($11k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $150k).
• Cap rate 17.3% vs local median 5.5% in Dearborn Heights — 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 79/100 on livability (#82 in MI, #1,885 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: schools C-, crime D+, employment D+.
• Dearborn Heights School District #7 (suburban): math 13% / reading 26% proficiency, ranked #466 of 540 in MI (top 86%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 60% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+2.0%/yr); 139 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals leasing fast (median 12d on market — plan ~1-2 weeks tenant-placement turnaround); 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• At $3,077/mo this rent would consume 61% of the median local household income ($60k/yr) (locally 654% 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 $1k of loan paydown is wiped out by about $4k 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 + 2.0% rent growth), your $42k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 25y 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.
• Current owner paid $115k; 30% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: flood insurance adds $460/mo; built in 1941 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: in FEMA flood zone AE (mandatory federal flood insurance) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $149,900

Questions for the listing agent

1. Built in 1941 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. 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.
6. 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.
7. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 2.05% ✓
• Cap rate: 17.32%
• Cash-on-cash: 39.38%
• DSCR: 2.75
• GRM: 4.1

CMA / ARV

• ARV (on-the-fly): $181,048
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4104 Mayfair St	0.13mi	3/2.0 (-1)	1,512 (-12%)	13mo	$149,000	$99	59
4221 Huron St	0.17mi	3/2.0 (-1)	1,512 (-12%)	13mo	$160,000	$106	58
4205 Hipp St	0.23mi	3/2.0 (-1)	1,477 (-14%)	20mo	$220,000	$149	45

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 · 2.03% rent growth · sell at horizon

5-year hold

• IRR: 18.7%
• Equity multiple: 1.75×
• Total profit: $31,473
• Equity at exit: $22,351

10-year hold

• IRR: 26.3%
• Equity multiple: 3.19×
• Total profit: $92,014
• Equity at exit: $12,961

Cash invested: $41,972 (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 48125

• Rents YoY: 2.0%
• Active inventory: 139
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $3,077 high
• Mortgage (P&I): −$786
• Tax from tax record: −$205 /mo · $2,460/yr
• Insurance: −$62
• Flood insurance flood zone: −$460 /mo · $5,525/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$646
• Net cashflow: $917

Break-even live

Break-even rent $1,916

Max offer price $149,900

Occupancy floor 65%

Sensitivity live

Price	-10% $1,002	-5% $959	+0% $917	+5% $874	+10% $832
Rent	-10% $674	-5% $795	+0% $917	+5% $1,038	+10% $1,160
Rate	-1.0pp $992	-0.5pp $955	base $917	+0.5pp $878	+1.0pp $839

2-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
▸ 2× units	2	1	$3,078
Total (2 units)			$3,077

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: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4631 Ziegler St Dearborn Heights, MI	3.0	1.0	1050	$1,650	$1.57	45d	1	0.25mi
20728 Carlysle St Dearborn, MI	3.0	1.0	1087	$1,850	$1.70	0d	1	0.46mi
18535 Audette St Dearborn, MI	3.0	2.0	1957	$2,000	$1.02	0d	1	0.48mi
4565 Fleming St Dearborn Heights, MI	3.0	1.0	1200	$1,600	$1.33	11d	1	0.67mi
3620 Monroe St Dearborn, MI	3.0	2.0	1100	$1,800	$1.64	11d	1	0.95mi
4934 McKinley St Dearborn Heights, MI	3.0	1.0	1051	$1,700	$1.62	0d	1	1.08mi
1829 Walnut St Dearborn, MI	3.0	1.5	1752	$1,800	$1.03	23d	1	1.19mi
5503 Cranbrook St Dearborn Heights, MI	3.0	2.5	2143	$1,750	$0.82	19d	1	1.49mi

Listing history 17 events

1. 2026-05-14
   status Pending 1086-char remark

   Show marketing remark (1086 chars)

   Opportunity knocks!! Great potential! 4 possibly 5 bedroom spacious bungalow with a 3 car capacity (2 single doors) garage (600 sq ft) on a wide (80') double lot at a really great price!! Upper primary bedroom suite with private bath, walkin closet, extra rooms and a door to an upper outdoor balcony. Large floored attic for storage. Oak kitchen. 1st floor full bath. Living room with fireplace. Formal dining. Family room with doorwall to deck could be 5th bedroom. Price reflects needed repairs and or updates. Being sold strictly as-is. .. seller will do no repairs. No FHA or VA offers please. All sizes shown are strictly estimates. Information contained in this listing is deemed reliable but not guaranteed. .. .. .buyer or buyer's agent to verify all information. Purchaser to order any required city inspections and perform any required repairs after closing at purchaser's expense, Current inspection in documents/disclosures. Owner is a licensed broker in the state of Michigan. A licensed agent must be physically present for all showings…NO EXCEPTIONS.

2. 2026-05-14
   status Pending

   Show marketing remark (1086 chars)

   Opportunity knocks!! Great potential! 4 possibly 5 bedroom spacious bungalow with a 3 car capacity (2 single doors) garage (600 sq ft) on a wide (80') double lot at a really great price!! Upper primary bedroom suite with private bath, walkin closet, extra rooms and a door to an upper outdoor balcony. Large floored attic for storage. Oak kitchen. 1st floor full bath. Living room with fireplace. Formal dining. Family room with doorwall to deck could be 5th bedroom. Price reflects needed repairs and or updates. Being sold strictly as-is. .. seller will do no repairs. No FHA or VA offers please. All sizes shown are strictly estimates. Information contained in this listing is deemed reliable but not guaranteed. .. .. .buyer or buyer's agent to verify all information. Purchaser to order any required city inspections and perform any required repairs after closing at purchaser's expense, Current inspection in documents/disclosures. Owner is a licensed broker in the state of Michigan. A licensed agent must be physically present for all showings…NO EXCEPTIONS.

3. 2026-05-12
   listed $149,900 Active 1086-char remark

   Show marketing remark (1086 chars)

   Opportunity knocks!! Great potential! 4 possibly 5 bedroom spacious bungalow with a 3 car capacity (2 single doors) garage (600 sq ft) on a wide (80') double lot at a really great price!! Upper primary bedroom suite with private bath, walkin closet, extra rooms and a door to an upper outdoor balcony. Large floored attic for storage. Oak kitchen. 1st floor full bath. Living room with fireplace. Formal dining. Family room with doorwall to deck could be 5th bedroom. Price reflects needed repairs and or updates. Being sold strictly as-is. .. seller will do no repairs. No FHA or VA offers please. All sizes shown are strictly estimates. Information contained in this listing is deemed reliable but not guaranteed. .. .. .buyer or buyer's agent to verify all information. Purchaser to order any required city inspections and perform any required repairs after closing at purchaser's expense, Current inspection in documents/disclosures. Owner is a licensed broker in the state of Michigan. A licensed agent must be physically present for all showings…NO EXCEPTIONS.

4. 2026-05-12
   listed $149,900 Active

   Show marketing remark (1086 chars)

   Opportunity knocks!! Great potential! 4 possibly 5 bedroom spacious bungalow with a 3 car capacity (2 single doors) garage (600 sq ft) on a wide (80') double lot at a really great price!! Upper primary bedroom suite with private bath, walkin closet, extra rooms and a door to an upper outdoor balcony. Large floored attic for storage. Oak kitchen. 1st floor full bath. Living room with fireplace. Formal dining. Family room with doorwall to deck could be 5th bedroom. Price reflects needed repairs and or updates. Being sold strictly as-is. .. seller will do no repairs. No FHA or VA offers please. All sizes shown are strictly estimates. Information contained in this listing is deemed reliable but not guaranteed. .. .. .buyer or buyer's agent to verify all information. Purchaser to order any required city inspections and perform any required repairs after closing at purchaser's expense, Current inspection in documents/disclosures. Owner is a licensed broker in the state of Michigan. A licensed agent must be physically present for all showings…NO EXCEPTIONS.

5. 2013-10-31
   soldstatus $115,000
6. 2013-10-25
   soldstatus $115,000 363-char remark

   Show marketing remark (363 chars)

   Wonderful 4 BR 2 Bath Cape Cod! 1700 square feet! Finished basement! Updated Kitchen with oak cabinets and all kitchen appliances! Huge 4th Bedroom is being used as a family room with a doorwall to your deck and Hot Tub all underneath a retractable awning! Master BR has Master Bath and separate living area with doorway out to upper patio! Don't miss this home!!

7. 2013-10-25
   soldstatus $115,000

   Show marketing remark (363 chars)

   Wonderful 4 BR 2 Bath Cape Cod! 1700 square feet! Finished basement! Updated Kitchen with oak cabinets and all kitchen appliances! Huge 4th Bedroom is being used as a family room with a doorwall to your deck and Hot Tub all underneath a retractable awning! Master BR has Master Bath and separate living area with doorway out to upper patio! Don't miss this home!!

8. 2013-09-10
   historical 363-char remark

   Show marketing remark (363 chars)

   Wonderful 4 BR 2 Bath Cape Cod! 1700 square feet! Finished basement! Updated Kitchen with oak cabinets and all kitchen appliances! Huge 4th Bedroom is being used as a family room with a doorwall to your deck and Hot Tub all underneath a retractable awning! Master BR has Master Bath and separate living area with doorway out to upper patio! Don't miss this home!!

9. 2013-09-10
   historical

   Show marketing remark (363 chars)

   Wonderful 4 BR 2 Bath Cape Cod! 1700 square feet! Finished basement! Updated Kitchen with oak cabinets and all kitchen appliances! Huge 4th Bedroom is being used as a family room with a doorwall to your deck and Hot Tub all underneath a retractable awning! Master BR has Master Bath and separate living area with doorway out to upper patio! Don't miss this home!!

10. 2013-06-28
    listed $115,000 363-char remark

    Show marketing remark (363 chars)

    Wonderful 4 BR 2 Bath Cape Cod! 1700 square feet! Finished basement! Updated Kitchen with oak cabinets and all kitchen appliances! Huge 4th Bedroom is being used as a family room with a doorwall to your deck and Hot Tub all underneath a retractable awning! Master BR has Master Bath and separate living area with doorway out to upper patio! Don't miss this home!!

11. 2013-06-28
    listed $115,000

    Show marketing remark (363 chars)

    Wonderful 4 BR 2 Bath Cape Cod! 1700 square feet! Finished basement! Updated Kitchen with oak cabinets and all kitchen appliances! Huge 4th Bedroom is being used as a family room with a doorwall to your deck and Hot Tub all underneath a retractable awning! Master BR has Master Bath and separate living area with doorway out to upper patio! Don't miss this home!!

12. 2009-01-21
    soldstatus $121,000
13. 2002-01-30
    soldstatus $134,100
14. 2001-03-29
    historical
15. 2001-03-13
    listed $149,900
16. 2001-03-02
    historical
17. 2001-02-28
    listed $149,900

ⓘ 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: $2,460 · $205/mo
• Projected year-2 tax: $2,460 · $205/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 AE · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥98°F today · 14 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: $36,924
• − Mortgage interest: −$8,397
• − Property taxes: −$2,460
• − Insurance: −$6,274
• − Repairs & maintenance: −$2,954
• − Management: −$2,954
• − Depreciation: −$4,361
• Taxable income: $9,525
• Est. tax owed @ 24.0%: −$2,286
• After-tax cash flow: $8,717/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 Heights School District #7
• NCES district ID: 2611610
• Math proficiency: 13% ▼ -10.00%
• Reading proficiency: 26% ▼ -7.00%
• Median HH income: $47,468
• Composite: 17.21/100
• National rank: #9101
• State rank: #466 of 540 in MI

Livability — Dearborn Heights

• Score: 79/100
• State rank: #82
• US rank: #1885

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Dearborn Heights, MI
• County: Wayne County · 1,562,939 people
• City population: 61,771
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 22,125
• Household income: $60,195
• Rent vs Own: 32.1% rent · 67.9% own
• Severe rent burden: 654.0

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 (76%)
• Race & ethnicity: White 76% Black 10% Two or more races 9% Hispanic / Latino 9%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Romanian 11% Arab 3% Slovak 2%
• Foreign-born: 11% · Canada
• Languages at home: 82% English-only · Arabic 13% Spanish 3% Russian/Polish/Slavic 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: ▼ -214.70%
• Current HPI: 218.4698
• Rent YoY: ▲ 2.03%
• 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

+0.0% since first listed

17 events — show timeline

• 2026-05-14 Pending — MiRealSource-MiMLS
• 2026-05-14 Pending — REALCOMP
• 2026-05-12 Listed $149,900 REALCOMP
• 2026-05-12 Listed $149,900 MiRealSource-MiMLS
• 2013-10-31 Sold (Public Records) $115,000 Public Records
• 2013-10-25 Sold (MLS) $115,000 MiRealSource-MiMLS
• 2013-10-25 Sold (MLS) $115,000 REALCOMP
• 2013-09-10 Listing Removed — MiRealSource-MiMLS
• 2013-09-10 Listing Removed — REALCOMP
• 2013-06-28 Listed $115,000 MiRealSource-MiMLS
• 2013-06-28 Listed $115,000 REALCOMP
• 2009-01-21 Sold (Public Records) $121,000 Public Records
• 2002-01-30 Sold (Public Records) $134,100 Public Records
• 2001-03-29 Listing Removed — REALCOMP
• 2001-03-13 Listed $149,900 REALCOMP
• 2001-03-02 Listing Removed — REALCOMP
• 2001-02-28 Listed $149,900 REALCOMP

Property tax history

-0.7%/yr

Latest (2025): $2,460 · -26.9% YoY. Source: county tax records.