1432 Corona St · Inkster, MI 48141

$125,000

3 bd · 1.0 ba · 888 sqft · SingleFamily public records · 142 Days on market

Built 1950 7,405 sqft lot Est $113k · 11% over

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +17.9/30.0
• 1% rule +6.1/10.0
• DSCR +5.6/10.0
• Livability +3.4/5.0
• Rent growth +3.2/5.0
• ARV discount +2.6/15.0
• Condition / age +2.5/5.0
• Schools +1.6/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to this impeccably updated 3-bedroom ranch. The entire main level shines with fresh paint and brand-new flooring in the living room, bedrooms, and hallway. A beautifully finished basement provides extra entertaining space, while the two-car garage offers convenience and storage. Just unpack and enjoy

Key facts

• 7,405 sq ft lot
• 2 garage spots
• Built 1950

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $106 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $125k).
• Recommended offer: $110k (12.0% below list) — sets the bar for market timing.
• Cap rate 7.3% vs local median 9.8% in Inkster — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

Location & tenants

• Location reads 67/100 on livability (#406 in MI) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: health & safety D, schools F, crime F.
• Wayne-Westland Community School District (suburban): math 11% / reading 27% proficiency, ranked #474 of 540 in MI (top 88%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising (+3.0%/yr); 142 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• This rent runs 43% of the median local income ($39k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $864 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.

Negotiation context

• It's been on market 142 days — a 12% lower offer ($110k) is reasonable based on typical stale-listing flexibility.
• 13 sale attempts since 13y ago; this cycle's ask has dropped $25k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $30k; list at $125k implies a 317% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 2.7% of price; built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $110,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 142 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. Crime grade is F 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?
8. 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?
9. 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.
10. 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.
11. 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: 1.11% ✓
• Cap rate: 7.31%
• Cash-on-cash: 3.64%
• DSCR: 1.16
• GRM: 7.5

CMA / ARV

• ARV (on-the-fly): $112,776
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
26723 W Hills Dr	0.45mi	3/1.5	890 (+0%)	3mo	$110,000	$124	74
1406 W River Park Dr	0.10mi	2/1.0 (-1)	780 (-12%)	1mo	$110,000	$141	69
26628 Oakland St	0.51mi	3/1.0	921 (+4%)	6mo	$111,610	$121	65
28005 Avondale St	0.44mi	3/1.0	962 (+8%)	2mo	$107,500	$112	64
622 Tromley St	0.47mi	3/1.0	960 (+8%)	6mo	$130,000	$135	59
27848 Rosewood St	0.34mi	3/1.0	1,000 (+13%)	7mo	$127,000	$127	57
26280 W Hills Dr	0.65mi	3/1.0	930 (+5%)	6mo	$87,000	$94	56
291 Arlington St	0.62mi	3/1.0	966 (+9%)	4mo	$139,000	$144	53
1058 Magnolia Dr	0.55mi	3/1.0	1,000 (+13%)	3mo	$77,257	$77	51
742 Arlington St	0.52mi	2/1.0 (-1)	798 (-10%)	6mo	$131,000	$164	49
811 Arlington Arlington St	0.53mi	2/1.5 (-1)	800 (-10%)	7mo	$125,000	$156	46
26620 Oakland St	0.52mi	3/1.0	1,015 (+14%)	7mo	$95,000	$94	46

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 · 2.95% rent growth · sell at horizon

5-year hold

• IRR: -10.6%
• Equity multiple: 0.62×
• Total profit: $-13,465
• Equity at exit: $18,638

10-year hold

• IRR: -1.2%
• Equity multiple: 0.92×
• Total profit: $-2,901
• Equity at exit: $10,808

Cash invested: $35,000 (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 48141

• Home prices YoY: -2.9%
• Rents YoY: 3.0%
• Active inventory: 142
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,391 high
• Mortgage (P&I): −$656
• Tax from tax record: −$285 /mo · $3,420/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$292
• Net cashflow: $106

Break-even live

Break-even rent $1,256

Max offer price $125,000

Occupancy floor 87%

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
27184 Lucerne Dr Inkster, MI	3.0	1.0	1100	$1,250	$1.14	43d	1	0.12mi
1150 Magnolia Dr Inkster, MI	3.0	1.0	900	$1,300	$1.44	24d	1	0.54mi
238 Yorkshire Blvd Dearborn Heights, MI	1.0–2.0	1.0	741	$1,424	$1.92	1d	9	0.83mi
572 Tobin Dr Inkster, MI	1.0–3.0	1.0–2.0	936	$1,600	$1.71	1d	22	0.94mi
26322 Westphal St Dearborn Heights, MI	1.0–2.0	1.0	762	$1,455	$1.91	1d	24	0.96mi
167 Cherry Valley Dr Inkster, MI	1.0–2.0	1.0	784	$1,395	$1.78	14d	12	0.99mi
29203 Oakwood St Inkster, MI	3.0	1.5	912	$1,600	$1.75	1d	1	1.03mi
3236 Walnut St Inkster, MI	3.0	1.0	1096	$1,495	$1.36	3d	1	1.10mi
27139 Penn St Inkster, MI	3.0	1.0	832	$675	$0.81	17d	1	1.15mi
26742 Penn St Inkster, MI	3.0	1.0	1000	$1,300	$1.30	16d	1	1.17mi
26707 Penn St Inkster, MI	3.0	1.0	900	$1,400	$1.56	5d	1	1.20mi
25745 Princeton St Dearborn Heights, MI	3.0	1.0	1080	$1,500	$1.39	10d	1	1.24mi
29800 Oakwood St Inkster, MI	3.0	1.0	1040	$1,400	$1.35	12d	1	1.28mi
30010 Hazelwood St Inkster, MI	3.0	1.0	1044	$1,300	$1.25	43d	1	1.39mi
29971 Brooklane St Inkster, MI	3.0	1.0	974	$1,450	$1.49	43d	1	1.44mi
30043 Grandview St Unit 1 Inkster, MI	3.0	1.5	1004	$1,275	$1.27	43d	1	1.46mi

Listing history 37 events

1. 2026-03-19
   status Pending 314-char remark

   Show marketing remark (314 chars)

   Welcome home to this impeccably updated 3-bedroom ranch. The entire main level shines with fresh paint and brand-new flooring in the living room, bedrooms, and hallway. A beautifully finished basement provides extra entertaining space, while the two-car garage offers convenience and storage. Just unpack and enjoy

2. 2026-03-19
   status Pending

   Show marketing remark (314 chars)

   Welcome home to this impeccably updated 3-bedroom ranch. The entire main level shines with fresh paint and brand-new flooring in the living room, bedrooms, and hallway. A beautifully finished basement provides extra entertaining space, while the two-car garage offers convenience and storage. Just unpack and enjoy

3. 2025-11-21
   price $125,000 314-char remark

   Show marketing remark (314 chars)

   Welcome home to this impeccably updated 3-bedroom ranch. The entire main level shines with fresh paint and brand-new flooring in the living room, bedrooms, and hallway. A beautifully finished basement provides extra entertaining space, while the two-car garage offers convenience and storage. Just unpack and enjoy

4. 2025-11-20
   price $125,000
5. 2025-11-12
   price $135,000 314-char remark

   Show marketing remark (314 chars)

   Welcome home to this impeccably updated 3-bedroom ranch. The entire main level shines with fresh paint and brand-new flooring in the living room, bedrooms, and hallway. A beautifully finished basement provides extra entertaining space, while the two-car garage offers convenience and storage. Just unpack and enjoy

6. 2025-11-11
   price $135,000
7. 2025-11-03
   price $145,000 314-char remark

   Show marketing remark (314 chars)

   Welcome home to this impeccably updated 3-bedroom ranch. The entire main level shines with fresh paint and brand-new flooring in the living room, bedrooms, and hallway. A beautifully finished basement provides extra entertaining space, while the two-car garage offers convenience and storage. Just unpack and enjoy

8. 2025-11-03
   price $145,000

   Show marketing remark (314 chars)

   Welcome home to this impeccably updated 3-bedroom ranch. The entire main level shines with fresh paint and brand-new flooring in the living room, bedrooms, and hallway. A beautifully finished basement provides extra entertaining space, while the two-car garage offers convenience and storage. Just unpack and enjoy

9. 2025-10-28
   listed $150,000 Active
10. 2025-10-27
    listed $150,000 Active 314-char remark

    Show marketing remark (314 chars)

    Welcome home to this impeccably updated 3-bedroom ranch. The entire main level shines with fresh paint and brand-new flooring in the living room, bedrooms, and hallway. A beautifully finished basement provides extra entertaining space, while the two-car garage offers convenience and storage. Just unpack and enjoy

11. 2016-09-16
    soldstatus $30,000 Sold 636-char remark

    Show marketing remark (636 chars)

    Rare investment opportunity in the growing neighborhood of Inkster. 3 Bedroom, 1 bath, 2-door-garage ranch home. Renovated in 2016 with brand new paint and carpet throughout the house. The basement is partially finished with a lot of potential and the water tank was recently replaced. Fenced yard with plenty of backyard space, conveniently located near Michigan Ave. Quiet neighborhood and the home is move-in ready. This home is a perfect opportunity for a rental investment or a low-cost living option. Previously rented for $850/month. Come see this newly renovated home, you won't be disappointed. Please remove shoes for showing.

12. 2016-09-16
    soldstatus $30,000 Closed

    Show marketing remark (636 chars)

    Rare investment opportunity in the growing neighborhood of Inkster. 3 Bedroom, 1 bath, 2-door-garage ranch home. Renovated in 2016 with brand new paint and carpet throughout the house. The basement is partially finished with a lot of potential and the water tank was recently replaced. Fenced yard with plenty of backyard space, conveniently located near Michigan Ave. Quiet neighborhood and the home is move-in ready. This home is a perfect opportunity for a rental investment or a low-cost living option. Previously rented for $850/month. Come see this newly renovated home, you won't be disappointed. Please remove shoes for showing.

13. 2016-07-21
    status Pending

    Show marketing remark (636 chars)

    Rare investment opportunity in the growing neighborhood of Inkster. 3 Bedroom, 1 bath, 2-door-garage ranch home. Renovated in 2016 with brand new paint and carpet throughout the house. The basement is partially finished with a lot of potential and the water tank was recently replaced. Fenced yard with plenty of backyard space, conveniently located near Michigan Ave. Quiet neighborhood and the home is move-in ready. This home is a perfect opportunity for a rental investment or a low-cost living option. Previously rented for $850/month. Come see this newly renovated home, you won't be disappointed. Please remove shoes for showing.

14. 2016-07-21
    status Pending 636-char remark

    Show marketing remark (636 chars)

    Rare investment opportunity in the growing neighborhood of Inkster. 3 Bedroom, 1 bath, 2-door-garage ranch home. Renovated in 2016 with brand new paint and carpet throughout the house. The basement is partially finished with a lot of potential and the water tank was recently replaced. Fenced yard with plenty of backyard space, conveniently located near Michigan Ave. Quiet neighborhood and the home is move-in ready. This home is a perfect opportunity for a rental investment or a low-cost living option. Previously rented for $850/month. Come see this newly renovated home, you won't be disappointed. Please remove shoes for showing.

15. 2016-07-17
    listed $29,900 Active

    Show marketing remark (636 chars)

    Rare investment opportunity in the growing neighborhood of Inkster. 3 Bedroom, 1 bath, 2-door-garage ranch home. Renovated in 2016 with brand new paint and carpet throughout the house. The basement is partially finished with a lot of potential and the water tank was recently replaced. Fenced yard with plenty of backyard space, conveniently located near Michigan Ave. Quiet neighborhood and the home is move-in ready. This home is a perfect opportunity for a rental investment or a low-cost living option. Previously rented for $850/month. Come see this newly renovated home, you won't be disappointed. Please remove shoes for showing.

16. 2016-07-17
    listed $29,900 Active 636-char remark

    Show marketing remark (636 chars)

    Rare investment opportunity in the growing neighborhood of Inkster. 3 Bedroom, 1 bath, 2-door-garage ranch home. Renovated in 2016 with brand new paint and carpet throughout the house. The basement is partially finished with a lot of potential and the water tank was recently replaced. Fenced yard with plenty of backyard space, conveniently located near Michigan Ave. Quiet neighborhood and the home is move-in ready. This home is a perfect opportunity for a rental investment or a low-cost living option. Previously rented for $850/month. Come see this newly renovated home, you won't be disappointed. Please remove shoes for showing.

17. 2015-07-17
    soldstatus $59,100
18. 2015-05-29
    historical
19. 2015-03-11
    listed $850
20. 2015-02-27
    soldstatus $29,000
21. 2015-02-27
    soldstatus $29,000
22. 2015-02-25
    listed $29,900
23. 2015-02-25
    historical
24. 2015-02-25
    listed $29,900
25. 2015-02-05
    historical
26. 2014-12-05
    listed $850
27. 2014-07-07
    historical
28. 2014-07-07
    historical
29. 2014-07-01
    historical
30. 2014-04-29
    listed $19,800
31. 2014-04-29
    listed $19,800
32. 2014-04-01
    listed $850
33. 2014-03-12
    soldstatus $9,650
34. 2014-03-12
    soldstatus $9,650
35. 2013-11-21
    historical
36. 2013-04-03
    listed $9,800
37. 2013-04-03
    listed $9,800

ⓘ 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: $3,420 · $285/mo
• Projected year-2 tax: $3,420 · $285/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: $16,690
• − Mortgage interest: −$7,002
• − Property taxes: −$3,420
• − Insurance: −$625
• − Repairs & maintenance: −$1,335
• − Management: −$1,335
• − Depreciation: −$3,636
• Taxable loss: −$664
• Est. tax savings @ 24.0%: +$159
• After-tax cash flow: $1,433/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: Wayne-Westland Community School District
• NCES district ID: 2600015
• Math proficiency: 11% ▼ -6.00%
• Reading proficiency: 27% ▼ -2.00%
• Median HH income: $43,524
• Composite: 16.4/100
• National rank: #9195
• State rank: #474 of 540 in MI

Livability — Inkster

• Score: 67/100
• State rank: #406
• US rank: #11087

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Inkster, MI
• County: Wayne County · 1,562,939 people
• City population: 25,428
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 25,428
• Household income: $39,252
• Rent vs Own: 53.2% rent · 46.8% own
• Severe rent burden: 1558.0

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 Black (72%)
• Race & ethnicity: Black 72% White 17% Two or more races 7% Hispanic / Latino 2% Asian 1%
• Common ancestry: Romanian 3% Slovak 1% Italian 1%
• Foreign-born: 5% · Canada, China
• Languages at home: 92% English-only · Arabic 3% Other Asian/Pacific 1% Spanish 1%

Political lean MEDSL · Wayne

• 2024 margin: Strong D (+29.0) · D 62.7% · R 33.7% · Other 3.6%
• 2008→2024 swing: -20.5pp toward R · 2008: 49.5pp · 2024: 29.0pp
• All cycles: 2024: D+29.0 2020: D+38.1 2016: D+37.3 2012: D+46.9 2008: D+49.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -11.74%
• Current HPI: 390.2139
• Rent YoY: ▲ 2.95%
• 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

+1175.5% since first listed

37 events — show timeline

• 2026-03-19 Pending — MiRealSource-MiMLS
• 2026-03-19 Pending — REALCOMP
• 2025-11-21 Price Changed $125,000 MiRealSource-MiMLS
• 2025-11-20 Price Changed $125,000 REALCOMP
• 2025-11-12 Price Changed $135,000 MiRealSource-MiMLS
• 2025-11-11 Price Changed $135,000 REALCOMP
• 2025-11-03 Price Changed $145,000 MiRealSource-MiMLS
• 2025-11-03 Price Changed $145,000 REALCOMP
• 2025-10-28 Listed $150,000 REALCOMP
• 2025-10-27 Listed $150,000 MiRealSource-MiMLS
• 2016-09-16 Sold (MLS) $30,000 MiRealSource-MiMLS
• 2016-09-16 Sold (MLS) $30,000 REALCOMP
• 2016-07-21 Pending — MiRealSource-MiMLS
• 2016-07-21 Pending — REALCOMP
• 2016-07-17 Listed $29,900 MiRealSource-MiMLS
• 2016-07-17 Listed $29,900 REALCOMP
• 2015-07-17 Sold (Public Records) $59,100 Public Records
• 2015-05-29 Listing Removed — MiRealSource-MiMLS
• 2015-03-11 Listed $850 MiRealSource-MiMLS
• 2015-02-27 Sold (MLS) $29,000 MiRealSource-MiMLS
• 2015-02-27 Sold (MLS) $29,000 REALCOMP
• 2015-02-25 Listed $29,900 MiRealSource-MiMLS
• 2015-02-25 Listing Removed — MiRealSource-MiMLS
• 2015-02-25 Listed $29,900 REALCOMP
• 2015-02-05 Listing Removed — MiRealSource-MiMLS
• 2014-12-05 Listed $850 MiRealSource-MiMLS
• 2014-07-07 Listing Removed — REALCOMP
• 2014-07-07 Listing Removed — MiRealSource-MiMLS
• 2014-07-01 Listing Removed — MiRealSource-MiMLS
• 2014-04-29 Listed $19,800 REALCOMP
• 2014-04-29 Listed $19,800 MiRealSource-MiMLS
• 2014-04-01 Listed $850 MiRealSource-MiMLS
• 2014-03-12 Sold (MLS) $9,650 MiRealSource-MiMLS
• 2014-03-12 Sold (MLS) $9,650 REALCOMP
• 2013-11-21 Listing Removed — MiRealSource-MiMLS
• 2013-04-03 Listed $9,800 MiRealSource-MiMLS
• 2013-04-03 Listed $9,800 REALCOMP

Property tax history

+5.2%/yr

Latest (2025): $3,420 · -19.7% YoY. Source: county tax records.