5613 Bedford St · Dearborn Heights, MI
Flood risk 3/10 · Minor
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.12%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $784 – $1,456
Heat risk 3/10 · Minor
- Hot days now (above 96°F)
- 7 days/yr
- Hot days in 30 yrs
- 15 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 2 days/yr
- Unhealthy air days in 30 yrs
- 4 days/yr
Risk factors via First Street. Map © Google.
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 +14.7/30.0
- ARV discount +10.6/15.0
- DSCR +4.5/10.0
- 1% rule +4.0/10.0
- 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
$179,900
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Charming 1-story Ranch in Dearborn Heights offering 1,150 SQFT of comfortable living space. This move-in-ready home features 3 bedroom, 1.5 bath ranch in Dearborn Heights! The home features an updated kitchen with granite countertops, an updated full bath, and a partially finished basement with a half bath for added living space. Hardwood floors run throughout, adding warmth and character. Enjoy a nice yard that's perfect for outdoor living and entertaining. Conveniently located near schools, shopping, and major freeways. Schedule your showing today!
Key facts
- Updated kitchen
- Granite countertops
- Nice yard
Tags
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath single-family listed at $180k.
Deal economics
- At list price, monthly cash flow is $47 ($569/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 $162k (10.0% below list).
- Recommended offer: $162k (10.0% below list) — sets the bar for 1% rule.
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: crime D+, employment D+, health & safety 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.
- Zoned schools: Oakley W Best Middle School (math 12% / reading 31%, grade F, #415 of 493 statewide, top 85%, 586 students, 82% FRL); Annapolis High School (math 12% / reading 32%, grade F, #582 of 713 statewide, top 83%, 748 students, 77% FRL) — zoned schools average 79% FRL vs 60% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
- Market conditions: Rents rising (+2.0%/yr); 139 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals leasing fast (median 7d on market — plan ~1-2 weeks tenant-placement turnaround); 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
- This rent runs 32% of the median local income ($60k/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 $1k of loan paydown is wiped out by about $5k 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 119 days — a 9% lower offer ($164k) is reasonable based on typical stale-listing flexibility.
- 5 sale attempts since 3y ago; this cycle's ask is 9894% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
Questions for the listing agent
- It's been on market 119 days. Have you received any prior offers? Is the seller open to a 10% concession, seller financing, or rate buy-down credit?
- Built in 1964 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- 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.
- 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.
- 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
- 0.90% ✗
- Cap rate
- 6.61%
- Cash-on-cash
- 1.13%
- DSCR
- 1.05
- GRM
- 9.3
CMA / ARV
- ARV (on-the-fly)
- $193,200
- Comps found
- 12
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 4995 Croissant St | 0.20mi | 3/2.0 | 1,188 (+3%) | 4mo | $150,000 | $126 | 77 |
| 4685 Universal St | 0.39mi | 3/1.5 | 1,180 (+3%) | 1mo | $215,000 | $182 | 74 |
| 5839 Balfour Ave | 0.23mi | 3/1.0 | 998 (-13%) | 2mo | $150,000 | $150 | 65 |
| 4475 Ziegler St | 0.58mi | 3/1.0 | 1,200 (+4%) | 2mo | $200,000 | $167 | 65 |
| 4932 Pelham St | 0.42mi | 3/1.0 | 1,000 (-13%) | 1mo | $170,000 | $170 | 58 |
| 4663 Mayfair St | 0.65mi | 3/1.0 | 1,074 (-7%) | 1mo | $180,000 | $168 | 58 |
| 4445 Bedford St | 0.46mi | 3/1.0 | 1,025 (-11%) | 4mo | $200,000 | $195 | 57 |
| 4670 Pelham St | 0.47mi | 4/1.0 (+1) | 1,272 (+11%) | 0mo | $120,000 | $94 | 55 |
| 22751 Outer Dr | 0.61mi | 3/1.0 | 1,243 (+8%) | 4mo | $215,000 | $173 | 55 |
| 4976 Weddell St | 0.56mi | 3/1.0 | 1,012 (-12%) | 3mo | $180,000 | $178 | 51 |
| 20313 Powers Ave | 0.55mi | 2/1.0 (-1) | 992 (-14%) | 4mo | $117,000 | $118 | 43 |
| 20616 Powers Ave | 0.74mi | 3/1.0 | 1,288 (+12%) | 3mo | $150,000 | $116 | 43 |
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
- IRR
- -15.6%
- Equity multiple
- 0.45×
- Total profit
- $-27,679
- Equity at exit
- $26,824
- IRR
- -8.8%
- Equity multiple
- 0.48×
- Total profit
- $-26,440
- Equity at exit
- $15,554
Cash invested: $50,372 (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
ZIP-level market 48125
- Rents YoY
- 2.0%
- Active inventory
- 139
- Price-to-rent
- 9.3×
Monthly cashflow live
- Estimated rent
- $1,619 high interval (Pro) →
- Mortgage (P&I)
- −$943
- Tax from tax record
- −$213 /mo · $2,559/yr
- Insurance
- −$75
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$340
- Net cashflow
- $47
Break-even live
Sensitivity live
| Price | -10% $149 | -5% $98 | +0% $47 | +5% $-3 | +10% $-54 |
|---|---|---|---|---|---|
| Rent | -10% $-80 | -5% $-17 | +0% $47 | +5% $111 | +10% $175 |
| Rate | -1.0pp $138 | -0.5pp $93 | base $47 | +0.5pp $1 | +1.0pp $-47 |
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
- $44,975
- Closing costs
- $5,397
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 15 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 5371 Culver St Dearborn Heights, MI | 3.0 | 1.0 | 980 | $1,500 | $1.53 | 12d | 1 | 0.06mi |
| 5371 Culver St Dearborn Heights, MI | 3.0 | 1.0 | 980 | $1,450 | $1.48 | 3d | 1 | 0.06mi |
| 4565 Fleming St Dearborn Heights, MI | 3.0 | 1.0 | 1200 | $1,600 | $1.33 | 12d | 1 | 0.42mi |
| 4631 Ziegler St Dearborn Heights, MI | 3.0 | 1.0 | 1050 | $1,650 | $1.57 | 45d | 1 | 0.49mi |
| 4704 Jackson St Dearborn Heights, MI | 3.0 | 1.0 | 1000 | $1,500 | $1.50 | 23d | 1 | 0.53mi |
| 4681 Weddell St Dearborn Heights, MI | 3.0 | 1.0 | 860 | $1,600 | $1.86 | 0d | 1 | 0.57mi |
| 4775 Willow Cove Blvd Allen Park, MI | 1.0–2.0 | 1.0 | 805 | $1,649 | $2.05 | 26d | 4 | 0.96mi |
| 4914 Gertrude St Dearborn Heights, MI | 2.0 | 1.0 | 908 | $1,230 | $1.35 | 19d | 1 | 0.99mi |
| 4638 Gertrude St Dearborn Heights, MI | 3.0 | 1.0 | 1020 | $1,700 | $1.67 | 6d | 1 | 1.02mi |
| 4810 Campbell St Dearborn Heights, MI | 3.0 | 1.0 | 1000 | $1,700 | $1.70 | 0d | 1 | 1.06mi |
| 15806 Meyer Ave Allen Park, MI | 3.0 | 2.0 | 1100 | $1,650 | $1.50 | 3d | 1 | 1.11mi |
| 20728 Carlysle St Dearborn, MI | 3.0 | 1.0 | 1087 | $1,850 | $1.70 | 0d | 1 | 1.18mi |
| 4757 Dudley St Dearborn Heights, MI | 3.0 | 1.0 | 995 | $1,350 | $1.36 | 12d | 1 | 1.22mi |
| 2631 Woodside St Dearborn, MI | 3.0 | 1.0 | 894 | $1,650 | $1.85 | 0d | 1 | 1.25mi |
| 4934 McKinley St Dearborn Heights, MI | 3.0 | 1.0 | 1051 | $1,700 | $1.62 | 0d | 1 | 1.47mi |
Listing history 21 events
-
2026-01-21status Pending 556-char remark
Show marketing remark (556 chars)
Charming 1-story Ranch in Dearborn Heights offering 1,150 SQFT of comfortable living space. This move-in-ready home features 3 bedroom, 1.5 bath ranch in Dearborn Heights! The home features an updated kitchen with granite countertops, an updated full bath, and a partially finished basement with a half bath for added living space. Hardwood floors run throughout, adding warmth and character. Enjoy a nice yard that's perfect for outdoor living and entertaining. Conveniently located near schools, shopping, and major freeways. Schedule your showing today!
-
2026-01-21status Pending
Show marketing remark (556 chars)
Charming 1-story Ranch in Dearborn Heights offering 1,150 SQFT of comfortable living space. This move-in-ready home features 3 bedroom, 1.5 bath ranch in Dearborn Heights! The home features an updated kitchen with granite countertops, an updated full bath, and a partially finished basement with a half bath for added living space. Hardwood floors run throughout, adding warmth and character. Enjoy a nice yard that's perfect for outdoor living and entertaining. Conveniently located near schools, shopping, and major freeways. Schedule your showing today!
-
2026-01-12historical $1,800
-
2025-12-30price $179,900 556-char remark
Show marketing remark (556 chars)
Charming 1-story Ranch in Dearborn Heights offering 1,150 SQFT of comfortable living space. This move-in-ready home features 3 bedroom, 1.5 bath ranch in Dearborn Heights! The home features an updated kitchen with granite countertops, an updated full bath, and a partially finished basement with a half bath for added living space. Hardwood floors run throughout, adding warmth and character. Enjoy a nice yard that's perfect for outdoor living and entertaining. Conveniently located near schools, shopping, and major freeways. Schedule your showing today!
-
2025-12-30price $179,900
Show marketing remark (556 chars)
Charming 1-story Ranch in Dearborn Heights offering 1,150 SQFT of comfortable living space. This move-in-ready home features 3 bedroom, 1.5 bath ranch in Dearborn Heights! The home features an updated kitchen with granite countertops, an updated full bath, and a partially finished basement with a half bath for added living space. Hardwood floors run throughout, adding warmth and character. Enjoy a nice yard that's perfect for outdoor living and entertaining. Conveniently located near schools, shopping, and major freeways. Schedule your showing today!
-
2025-11-20$1,800
-
2025-11-04price $174,900 556-char remark
Show marketing remark (556 chars)
Charming 1-story Ranch in Dearborn Heights offering 1,150 SQFT of comfortable living space. This move-in-ready home features 3 bedroom, 1.5 bath ranch in Dearborn Heights! The home features an updated kitchen with granite countertops, an updated full bath, and a partially finished basement with a half bath for added living space. Hardwood floors run throughout, adding warmth and character. Enjoy a nice yard that's perfect for outdoor living and entertaining. Conveniently located near schools, shopping, and major freeways. Schedule your showing today!
-
2025-11-03price $174,900
-
2025-10-11price $189,900 556-char remark
Show marketing remark (556 chars)
Charming 1-story Ranch in Dearborn Heights offering 1,150 SQFT of comfortable living space. This move-in-ready home features 3 bedroom, 1.5 bath ranch in Dearborn Heights! The home features an updated kitchen with granite countertops, an updated full bath, and a partially finished basement with a half bath for added living space. Hardwood floors run throughout, adding warmth and character. Enjoy a nice yard that's perfect for outdoor living and entertaining. Conveniently located near schools, shopping, and major freeways. Schedule your showing today!
-
2025-10-10price $189,900
-
2025-09-24$199,900 Active
Show marketing remark (556 chars)
Charming 1-story Ranch in Dearborn Heights offering 1,150 SQFT of comfortable living space. This move-in-ready home features 3 bedroom, 1.5 bath ranch in Dearborn Heights! The home features an updated kitchen with granite countertops, an updated full bath, and a partially finished basement with a half bath for added living space. Hardwood floors run throughout, adding warmth and character. Enjoy a nice yard that's perfect for outdoor living and entertaining. Conveniently located near schools, shopping, and major freeways. Schedule your showing today!
-
2025-09-24$199,900 Active 556-char remark
Show marketing remark (556 chars)
Charming 1-story Ranch in Dearborn Heights offering 1,150 SQFT of comfortable living space. This move-in-ready home features 3 bedroom, 1.5 bath ranch in Dearborn Heights! The home features an updated kitchen with granite countertops, an updated full bath, and a partially finished basement with a half bath for added living space. Hardwood floors run throughout, adding warmth and character. Enjoy a nice yard that's perfect for outdoor living and entertaining. Conveniently located near schools, shopping, and major freeways. Schedule your showing today!
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2023-10-03soldstatus $172,000
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2023-09-28soldstatus $172,000 Sold 616-char remark
Show marketing remark (616 chars)
IF YOU’RE LOOKING FOR A HOME IN A GREAT CENTRAL LOCATION WITH A LOT TO OFFER! THIS IS THE ONE! THIS HOME HAS AN UPDATED OPEN CONCEPT KITCHEN WITH GRANITE COUNTERTOPS A FREE STANDING ISLAND WITH AMPLE DINING SPACE ALONG WITH A BREAKFAST NOOK. GREAT SIZE LIVING ROOM, BEDROOMS OFFER ORIGINAL HARDWOOD FLOORS UNDER CARPET. DRY BASEMENT WITH HALF BATH. THREE SEASONS ROOM OFF OF THE HOUSE OVER LOOKING THE BACKYARD, OVERSIZED SHED FOR STORAGE. CHECK THIS HOME OUT AND YOU WONT BE DISAPPOINTED. INCLUDES DISHWASHER AND MICROWAVE AND HIGHTOP STOOLS EXCLUDES THE THREE-SEASONS FRIDGE AND GAZEBO AND OUTDOOR FURNITURE.
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2023-09-28soldstatus $172,000 Closed
Show marketing remark (616 chars)
IF YOU’RE LOOKING FOR A HOME IN A GREAT CENTRAL LOCATION WITH A LOT TO OFFER! THIS IS THE ONE! THIS HOME HAS AN UPDATED OPEN CONCEPT KITCHEN WITH GRANITE COUNTERTOPS A FREE STANDING ISLAND WITH AMPLE DINING SPACE ALONG WITH A BREAKFAST NOOK. GREAT SIZE LIVING ROOM, BEDROOMS OFFER ORIGINAL HARDWOOD FLOORS UNDER CARPET. DRY BASEMENT WITH HALF BATH. THREE SEASONS ROOM OFF OF THE HOUSE OVER LOOKING THE BACKYARD, OVERSIZED SHED FOR STORAGE. CHECK THIS HOME OUT AND YOU WONT BE DISAPPOINTED. INCLUDES DISHWASHER AND MICROWAVE AND HIGHTOP STOOLS EXCLUDES THE THREE-SEASONS FRIDGE AND GAZEBO AND OUTDOOR FURNITURE.
-
2023-08-30status Pending
Show marketing remark (616 chars)
IF YOU’RE LOOKING FOR A HOME IN A GREAT CENTRAL LOCATION WITH A LOT TO OFFER! THIS IS THE ONE! THIS HOME HAS AN UPDATED OPEN CONCEPT KITCHEN WITH GRANITE COUNTERTOPS A FREE STANDING ISLAND WITH AMPLE DINING SPACE ALONG WITH A BREAKFAST NOOK. GREAT SIZE LIVING ROOM, BEDROOMS OFFER ORIGINAL HARDWOOD FLOORS UNDER CARPET. DRY BASEMENT WITH HALF BATH. THREE SEASONS ROOM OFF OF THE HOUSE OVER LOOKING THE BACKYARD, OVERSIZED SHED FOR STORAGE. CHECK THIS HOME OUT AND YOU WONT BE DISAPPOINTED. INCLUDES DISHWASHER AND MICROWAVE AND HIGHTOP STOOLS EXCLUDES THE THREE-SEASONS FRIDGE AND GAZEBO AND OUTDOOR FURNITURE.
-
2023-08-30status Pending 616-char remark
Show marketing remark (616 chars)
IF YOU’RE LOOKING FOR A HOME IN A GREAT CENTRAL LOCATION WITH A LOT TO OFFER! THIS IS THE ONE! THIS HOME HAS AN UPDATED OPEN CONCEPT KITCHEN WITH GRANITE COUNTERTOPS A FREE STANDING ISLAND WITH AMPLE DINING SPACE ALONG WITH A BREAKFAST NOOK. GREAT SIZE LIVING ROOM, BEDROOMS OFFER ORIGINAL HARDWOOD FLOORS UNDER CARPET. DRY BASEMENT WITH HALF BATH. THREE SEASONS ROOM OFF OF THE HOUSE OVER LOOKING THE BACKYARD, OVERSIZED SHED FOR STORAGE. CHECK THIS HOME OUT AND YOU WONT BE DISAPPOINTED. INCLUDES DISHWASHER AND MICROWAVE AND HIGHTOP STOOLS EXCLUDES THE THREE-SEASONS FRIDGE AND GAZEBO AND OUTDOOR FURNITURE.
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2023-08-25$159,900 Active
Show marketing remark (616 chars)
IF YOU’RE LOOKING FOR A HOME IN A GREAT CENTRAL LOCATION WITH A LOT TO OFFER! THIS IS THE ONE! THIS HOME HAS AN UPDATED OPEN CONCEPT KITCHEN WITH GRANITE COUNTERTOPS A FREE STANDING ISLAND WITH AMPLE DINING SPACE ALONG WITH A BREAKFAST NOOK. GREAT SIZE LIVING ROOM, BEDROOMS OFFER ORIGINAL HARDWOOD FLOORS UNDER CARPET. DRY BASEMENT WITH HALF BATH. THREE SEASONS ROOM OFF OF THE HOUSE OVER LOOKING THE BACKYARD, OVERSIZED SHED FOR STORAGE. CHECK THIS HOME OUT AND YOU WONT BE DISAPPOINTED. INCLUDES DISHWASHER AND MICROWAVE AND HIGHTOP STOOLS EXCLUDES THE THREE-SEASONS FRIDGE AND GAZEBO AND OUTDOOR FURNITURE.
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2023-08-25$159,900 Active 616-char remark
Show marketing remark (616 chars)
IF YOU’RE LOOKING FOR A HOME IN A GREAT CENTRAL LOCATION WITH A LOT TO OFFER! THIS IS THE ONE! THIS HOME HAS AN UPDATED OPEN CONCEPT KITCHEN WITH GRANITE COUNTERTOPS A FREE STANDING ISLAND WITH AMPLE DINING SPACE ALONG WITH A BREAKFAST NOOK. GREAT SIZE LIVING ROOM, BEDROOMS OFFER ORIGINAL HARDWOOD FLOORS UNDER CARPET. DRY BASEMENT WITH HALF BATH. THREE SEASONS ROOM OFF OF THE HOUSE OVER LOOKING THE BACKYARD, OVERSIZED SHED FOR STORAGE. CHECK THIS HOME OUT AND YOU WONT BE DISAPPOINTED. INCLUDES DISHWASHER AND MICROWAVE AND HIGHTOP STOOLS EXCLUDES THE THREE-SEASONS FRIDGE AND GAZEBO AND OUTDOOR FURNITURE.
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2023-08-22historical $159,900
Show marketing remark (616 chars)
IF YOU’RE LOOKING FOR A HOME IN A GREAT CENTRAL LOCATION WITH A LOT TO OFFER! THIS IS THE ONE! THIS HOME HAS AN UPDATED OPEN CONCEPT KITCHEN WITH GRANITE COUNTERTOPS A FREE STANDING ISLAND WITH AMPLE DINING SPACE ALONG WITH A BREAKFAST NOOK. GREAT SIZE LIVING ROOM, BEDROOMS OFFER ORIGINAL HARDWOOD FLOORS UNDER CARPET. DRY BASEMENT WITH HALF BATH. THREE SEASONS ROOM OFF OF THE HOUSE OVER LOOKING THE BACKYARD, OVERSIZED SHED FOR STORAGE. CHECK THIS HOME OUT AND YOU WONT BE DISAPPOINTED. INCLUDES DISHWASHER AND MICROWAVE AND HIGHTOP STOOLS EXCLUDES THE THREE-SEASONS FRIDGE AND GAZEBO AND OUTDOOR FURNITURE.
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2023-08-22historical $159,900 616-char remark
Show marketing remark (616 chars)
IF YOU’RE LOOKING FOR A HOME IN A GREAT CENTRAL LOCATION WITH A LOT TO OFFER! THIS IS THE ONE! THIS HOME HAS AN UPDATED OPEN CONCEPT KITCHEN WITH GRANITE COUNTERTOPS A FREE STANDING ISLAND WITH AMPLE DINING SPACE ALONG WITH A BREAKFAST NOOK. GREAT SIZE LIVING ROOM, BEDROOMS OFFER ORIGINAL HARDWOOD FLOORS UNDER CARPET. DRY BASEMENT WITH HALF BATH. THREE SEASONS ROOM OFF OF THE HOUSE OVER LOOKING THE BACKYARD, OVERSIZED SHED FOR STORAGE. CHECK THIS HOME OUT AND YOU WONT BE DISAPPOINTED. INCLUDES DISHWASHER AND MICROWAVE AND HIGHTOP STOOLS EXCLUDES THE THREE-SEASONS FRIDGE AND GAZEBO AND OUTDOOR FURNITURE.
ⓘ 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
- $2,559 · $213/mo
- Projected year-2 tax
- $2,665 · $222/mo
- Expected delta
- +$106/yr (+$9/mo · 4.1%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 3/10 Moderate FEMA zone X (unshaded) · 12% chance over 30 yrs
- Wildfire 1/10 Low
- Heat 3/10 Moderate 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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $19,429
- − Mortgage interest
- −$10,077
- − Property taxes
- −$2,559
- − Insurance
- −$900
- − Repairs & maintenance
- −$1,554
- − Management
- −$1,554
- − Depreciation
- −$5,233
- Taxable loss
- −$2,449
- Est. tax savings @ 24.0%
- +$588
- After-tax cash flow
- $1,157/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
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
- 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 |
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| Automotive | 2 | $372B |
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| Chemicals | 1 | $45B |
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| Automotive Retail | 1 | $29B |
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| Healthcare / Medical Devices | 1 | $23B |
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| Automotive Technology | 1 | $20B |
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Price history
-98.9% since first listed21 events — show timeline
- 2026-01-21 Pending — MiRealSource-MiMLS
- 2026-01-21 Pending — REALCOMP
- 2026-01-12 Rental Removed $1,800 REALCOMP
- 2025-12-30 Price Changed $179,900 MiRealSource-MiMLS
- 2025-12-30 Price Changed $179,900 REALCOMP
- 2025-11-20 Listed for Rent $1,800 REALCOMP
- 2025-11-04 Price Changed $174,900 MiRealSource-MiMLS
- 2025-11-03 Price Changed $174,900 REALCOMP
- 2025-10-11 Price Changed $189,900 MiRealSource-MiMLS
- 2025-10-10 Price Changed $189,900 REALCOMP
- 2025-09-24 Listed $199,900 REALCOMP
- 2025-09-24 Listed $199,900 MiRealSource-MiMLS
- 2023-10-03 Sold (Public Records) $172,000 Public Records
- 2023-09-28 Sold (MLS) $172,000 MiRealSource-MiMLS
- 2023-09-28 Sold (MLS) $172,000 REALCOMP
- 2023-08-30 Pending — MiRealSource-MiMLS
- 2023-08-30 Pending — REALCOMP
- 2023-08-25 Listed $159,900 MiRealSource-MiMLS
- 2023-08-25 Listed $159,900 REALCOMP
- 2023-08-22 Coming Soon $159,900 MiRealSource-MiMLS
- 2023-08-22 Coming Soon $159,900 REALCOMP
Property tax history
+4.3%/yrLatest (2025): $2,559 · -26.9% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…