1440 Harding Ave · Lake Orion, MI 48362

$265,000

4 bd · 2.0 ba · 1,422 sqft · SingleFamily public records · 4 Days on market

Built 1970 0.32 ac lot Est $299k · 11% 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 +12.6/15.0
• DSCR +10.0/10.0
• 1% rule +8.6/10.0
• Schools +5.1/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Lake Orion ranch proudly owned by the same family for over 40 years. Tucked away at the end of a quiet dead-end street, this 5 bedroom, 2 1/2 bath home offers privacy, tranquility and endless potential. Nestled in a truly special peaceful setting with Bald Mountain State Park as your backyard backdrop-offering easy access to scenic hiking and biking trails and Chamberlain Lake for fishing and kayaking. Watch and listen to nature from your back deck. Inside, find a functional layout ready for a new family and your personal touch. The walkout basement provides flexibility, featuring its own living space complete with a kitchenette, full bathroom, 2 more bedrooms, and door leading to the backyard-ideal for guests, extended family or rental potential. This home offers immediate value with great bones and is an outstanding opportunity for homeowners and investors alike. Whether you're looking to update and create your dream home or capitalize on the strong rental demand, the possibilities here are endless. Located in a sought-after community within the highly regarded Lake Orion Community Schools, this property also offers optional HOA access to all-sports Long Lake and the beloved Bunny Run Beach-perfect for enjoying Michigan summers. Additional highlights include an attached heated garage with upper storage, multiple sheds, a carport and a welcoming outdoor space with a fire pit. Many major updates have already been taken care of, including a newer roof, furnace, air conditioning unit, 75-gallon hot water tank and electrical panel. A standout feature is the relaxing sit-in jetted tub offering comfort and accessibility. Confirmed hardwood under carpet in entry level bedrooms. Laundry hookups available on entry and lower level. 2nd car garage area can be converted back with easy wall removal. No high water bills! If you're searching for a home with incredible potential, this is the opportunity you've been waiting for!

Key facts

• 0.32 acre lot
• 2 garage spots
• Built 1970

Property features AI

Exterior

• Parking: Attached heated garage with direct access; Workshop in garage; 2 garage spaces
• Utilities: Private well water; Septic tank sewage
• Home design: Single family residence; One level with lower-level finished area; Ground-level entry with steps; Facing direction not specified
• Construction: Aluminum and vinyl siding; Block foundation; Asphalt roof; Built details not specified
• Exterior features: Deck; Patio; Shed(s); Gravel road access; Walk-out basement access

Interior

• Kitchen: Dishwasher; Free-standing electric range; Free-standing refrigerator; Gas water heater
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: Natural gas heating; Wall furnace; Wood stove; Has heating; No central air (no cooling)
• Interior features: Smart thermostat; Living room wood burning stove fireplace; Therapeutic whirlpool
• Laundry & utility: Washer hookup; Gas dryer hookup; Washer and dryer included; Water softener (owned)

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $265k.

Deal economics

• At list price, monthly cash flow is $1k ($14k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($4k rent vs $265k).
• Cap rate 11.5% vs local median 4.4% in Lake Orion — 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 80/100 on livability (#77 in MI, #1,679 nationally) — a professional / high-income tenant draw. Strengths: employment A+, housing A+, cost of living A; Watch: amenities F, commute F.
• Lake Orion Community Schools (suburban): math 49% / reading 64% proficiency, ranked #45 of 540 in MI (top 8%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 16% free/reduced lunch — higher-income household profile.
• Zoned schools: Orion Oaks Elementary School (math 39% / reading 59%, grade D, #425 of 1,397 statewide, top 31%, 515 students, 32% FRL); Oakview Middle School (math 50% / reading 64%, grade B, #66 of 493 statewide, top 14%, 406 students, 35% FRL); Lake Orion Community High School (math 54% / reading 75%, grade B-, #46 of 713 statewide, top 7%, 2,174 students, 24% FRL).
• Market conditions: 90 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 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 $8k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $74k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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.

Recommended offer $265,000

Questions for the listing agent

1. Built in 1970 — 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 A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 1.36% ✓
• Cap rate: 11.50%
• Cash-on-cash: 18.59%
• DSCR: 1.83
• GRM: 6.1

CMA / ARV

• ARV (on-the-fly): $298,620
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
55 Mouton Dr	0.19mi	3/2.0 (-1)	1,416 (-0%)	6mo	$150,000	$106	81
1395 Miller Rd	0.13mi	3/1.5 (-1)	1,500 (+6%)	16mo	$315,000	$210	65
1155 Seabury Dr	0.22mi	3/1.0 (-1)	1,568 (+10%)	3mo	$315,000	$201	61
388 Norland St	0.75mi	4/2.0	1,390 (-2%)	6mo	$198,000	$142	56
811 Miller Rd	0.48mi	3/2.0 (-1)	1,271 (-11%)	0mo	$219,000	$172	55
1334 De Goff Ct	0.26mi	3/2.0 (-1)	1,216 (-14%)	6mo	$272,000	$224	54
749 Mariday St	0.53mi	3/1.5 (-1)	1,316 (-8%)	3mo	$275,000	$209	53
701 Miller Rd	0.59mi	3/1.5 (-1)	1,450 (+2%)	15mo	$311,500	$215	49
790 Luna Ct	0.52mi	3/2.0 (-1)	1,224 (-14%)	1mo	$307,000	$251	47
1379 Walter S Hall Dr	0.64mi	3/2.0 (-1)	1,515 (+6%)	10mo	$281,400	$186	46
577 Bagley St	0.72mi	4/1.5	1,526 (+7%)	8mo	$330,100	$216	45
737 Camilla Blvd	0.74mi	3/2.5 (-1)	1,561 (+10%)	11mo	$369,000	$236	33

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: 10.3%
• Equity multiple: 1.41×
• Total profit: $30,255
• Equity at exit: $39,512

10-year hold

• IRR: 19.4%
• Equity multiple: 2.62×
• Total profit: $120,536
• Equity at exit: $22,912

Cash invested: $74,200 (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 48362

• Active inventory: 90
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $3,616 medium
• Mortgage (P&I): −$1,390
• Tax from tax record: −$207 /mo · $2,482/yr
• Insurance: −$110
• HOA: −$0
• Vacancy / Maint / Mgmt: −$759
• Net cashflow: $1,150

Break-even live

Break-even rent $2,161

Max offer price $265,000

Occupancy floor 63%

Sensitivity live

Price	-10% $1,300	-5% $1,225	+0% $1,150	+5% $1,075	+10% $1,000
Rent	-10% $864	-5% $1,007	+0% $1,150	+5% $1,292	+10% $1,435
Rate	-1.0pp $1,283	-0.5pp $1,217	base $1,150	+0.5pp $1,081	+1.0pp $1,011

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: $66,250
• Closing costs: $7,950
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
733 Luna Ct Lake Orion, MI	3.0	1.5	1177	$2,695	$2.29	21d	1	0.59mi
442 Mystic Cove Ln Lake Orion, MI	2.0–4.0	2.0–3.0	1989	$5,850	$2.94	0d	4	1.24mi

Listing history 3 events

1. 2026-05-22
   listed $265,000 Active 1946-char remark

   Show marketing remark (1946 chars)

   Lake Orion ranch proudly owned by the same family for over 40 years. Tucked away at the end of a quiet dead-end street, this 5 bedroom, 2 1/2 bath home offers privacy, tranquility and endless potential. Nestled in a truly special peaceful setting with Bald Mountain State Park as your backyard backdrop-offering easy access to scenic hiking and biking trails and Chamberlain Lake for fishing and kayaking. Watch and listen to nature from your back deck. Inside, find a functional layout ready for a new family and your personal touch. The walkout basement provides flexibility, featuring its own living space complete with a kitchenette, full bathroom, 2 more bedrooms, and door leading to the backyard-ideal for guests, extended family or rental potential. This home offers immediate value with great bones and is an outstanding opportunity for homeowners and investors alike. Whether you're looking to update and create your dream home or capitalize on the strong rental demand, the possibilities here are endless. Located in a sought-after community within the highly regarded Lake Orion Community Schools, this property also offers optional HOA access to all-sports Long Lake and the beloved Bunny Run Beach-perfect for enjoying Michigan summers. Additional highlights include an attached heated garage with upper storage, multiple sheds, a carport and a welcoming outdoor space with a fire pit. Many major updates have already been taken care of, including a newer roof, furnace, air conditioning unit, 75-gallon hot water tank and electrical panel. A standout feature is the relaxing sit-in jetted tub offering comfort and accessibility. Confirmed hardwood under carpet in entry level bedrooms. Laundry hookups available on entry and lower level. 2nd car garage area can be converted back with easy wall removal. No high water bills! If you're searching for a home with incredible potential, this is the opportunity you've been waiting for!

2. 2026-05-22
   listed $265,000 Active

   Show marketing remark (1946 chars)

   Lake Orion ranch proudly owned by the same family for over 40 years. Tucked away at the end of a quiet dead-end street, this 5 bedroom, 2 1/2 bath home offers privacy, tranquility and endless potential. Nestled in a truly special peaceful setting with Bald Mountain State Park as your backyard backdrop-offering easy access to scenic hiking and biking trails and Chamberlain Lake for fishing and kayaking. Watch and listen to nature from your back deck. Inside, find a functional layout ready for a new family and your personal touch. The walkout basement provides flexibility, featuring its own living space complete with a kitchenette, full bathroom, 2 more bedrooms, and door leading to the backyard-ideal for guests, extended family or rental potential. This home offers immediate value with great bones and is an outstanding opportunity for homeowners and investors alike. Whether you're looking to update and create your dream home or capitalize on the strong rental demand, the possibilities here are endless. Located in a sought-after community within the highly regarded Lake Orion Community Schools, this property also offers optional HOA access to all-sports Long Lake and the beloved Bunny Run Beach-perfect for enjoying Michigan summers. Additional highlights include an attached heated garage with upper storage, multiple sheds, a carport and a welcoming outdoor space with a fire pit. Many major updates have already been taken care of, including a newer roof, furnace, air conditioning unit, 75-gallon hot water tank and electrical panel. A standout feature is the relaxing sit-in jetted tub offering comfort and accessibility. Confirmed hardwood under carpet in entry level bedrooms. Laundry hookups available on entry and lower level. 2nd car garage area can be converted back with easy wall removal. No high water bills! If you're searching for a home with incredible potential, this is the opportunity you've been waiting for!

3. 2026-05-21
   historical $265,000 1946-char remark

   Show marketing remark (1946 chars)

   Lake Orion ranch proudly owned by the same family for over 40 years. Tucked away at the end of a quiet dead-end street, this 5 bedroom, 2 1/2 bath home offers privacy, tranquility and endless potential. Nestled in a truly special peaceful setting with Bald Mountain State Park as your backyard backdrop-offering easy access to scenic hiking and biking trails and Chamberlain Lake for fishing and kayaking. Watch and listen to nature from your back deck. Inside, find a functional layout ready for a new family and your personal touch. The walkout basement provides flexibility, featuring its own living space complete with a kitchenette, full bathroom, 2 more bedrooms, and door leading to the backyard-ideal for guests, extended family or rental potential. This home offers immediate value with great bones and is an outstanding opportunity for homeowners and investors alike. Whether you're looking to update and create your dream home or capitalize on the strong rental demand, the possibilities here are endless. Located in a sought-after community within the highly regarded Lake Orion Community Schools, this property also offers optional HOA access to all-sports Long Lake and the beloved Bunny Run Beach-perfect for enjoying Michigan summers. Additional highlights include an attached heated garage with upper storage, multiple sheds, a carport and a welcoming outdoor space with a fire pit. Many major updates have already been taken care of, including a newer roof, furnace, air conditioning unit, 75-gallon hot water tank and electrical panel. A standout feature is the relaxing sit-in jetted tub offering comfort and accessibility. Confirmed hardwood under carpet in entry level bedrooms. Laundry hookups available on entry and lower level. 2nd car garage area can be converted back with easy wall removal. No high water bills! If you're searching for a home with incredible potential, this is the opportunity you've been waiting for!

ⓘ 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: $2,482 · $207/mo
• Projected year-2 tax: $3,282 · $273/mo
• Expected delta: +$799/yr (+$67/mo · 32.2%)

ⓘ 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 2/10 Low 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: $43,391
• − Mortgage interest: −$14,844
• − Property taxes: −$2,482
• − Insurance: −$1,325
• − Repairs & maintenance: −$3,471
• − Management: −$3,471
• − Depreciation: −$7,709
• Taxable income: $10,088
• Est. tax owed @ 24.0%: −$2,421
• After-tax cash flow: $11,374/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: Lake Orion Community Schools
• NCES district ID: 2620730
• Math proficiency: 49% ▼ -10.00%
• Reading proficiency: 64% ▼ -10.00%
• Median HH income: $82,396
• Composite: 51.21/100
• National rank: #1755
• State rank: #45 of 540 in MI

Livability — Lake Orion

• Score: 80/100
• State rank: #77
• US rank: #1679

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 14,746

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 (88%)
• Race & ethnicity: White 88% Two or more races 5% Hispanic / Latino 4% Black 2% Asian 2%
• Common ancestry: Romanian 11% Lithuanian 5% Slovak 3%
• Foreign-born: 6% · Canada, China, Dominican Republic
• Languages at home: 95% English-only · Spanish 1% Chinese 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: ▼ -307.96%
• Current HPI: 182.3653
• 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

+0.0% since first listed

3 events — show timeline

• 2026-05-22 Listed $265,000 MiRealSource-MiMLS
• 2026-05-22 Listed $265,000 REALCOMP
• 2026-05-21 Coming Soon $265,000 MiRealSource-MiMLS

Property tax history

+4.4%/yr

Latest (2025): $2,482 · +9.3% YoY. Source: county tax records.