33751 Bayview Dr · New Baltimore, MI 48047

$150,000

2 bd · 1.5 ba · 1,368 sqft · Condo · 9 Days on market

Built 1978 Good condition $214/mo HOA · 13% of rent

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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 +17.0/30.0
• ARV discount +7.5/15.0
• 1% rule +6.4/10.0
• DSCR +5.3/10.0
• Schools +4.4/10.0
• Livability +4.2/5.0
• Condition / age +3.8/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to this beautifully updated 2-bedroom, 1.5-bath condo offering stylish finishes and a functional layout throughout! The spacious open-concept main level features luxury vinyl flooring, crown molding, neutral paint, and an abundance of natural light. The updated kitchen boasts quartz countertops, stainless steel appliances, ample cabinet space, and a convenient dining area. A remodeled half bath completes the main floor. Upstairs, you'll find two generously sized bedrooms with large closets and an updated full bathroom featuring a custom tiled shower. The finished basement provides valuable additional living space perfect for a family room, home office, gym, or entertaining area, along with a dedicated laundry and storage room. Step outside to your private fenced patio, ideal for relaxing or hosting guests. Additional highlights include updated flooring throughout, modern fixtures, and move-in ready condition. Conveniently located near shopping, dining, parks, and major expressways. All appliances included. Immediate occupancy available. Don't miss this opportunity to own a beautifully maintained condo with finished basement space and private outdoor living!

Key facts

• Quartz countertops
• Private fenced patio
• Finished basement

Tags

• UPDATED KITCHEN
• QUARTZ COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• FINISHED BASEMENT
• PRIVATE FENCED PATIO
• CUSTOM TILED SHOWER

Property features AI

Finance

• Other: Tax information not included per instructions
• Financial info: Financial details not provided
• HOA & community: Homeowners association with a monthly fee of $214

Exterior

• Parking: No garage; Assigned parking
• Security: Security information not provided
• Utilities: Public water; Public sewer
• Home design: Residential condominium; Two levels; Ground level entry
• Construction: Brick construction; Below‑grade finished area present
• Exterior features: Paved road access; Pets allowed; Subdivision: HIDDEN HARBOR; Cross street: Hooker and Jefferson

Interior

• Kitchen: Dishwasher; Free‑standing gas range; Free‑standing refrigerator; Microwave; Stainless steel appliances
• Bedrooms: Bedrooms information not provided
• Flooring: Flooring information not provided
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Forced air heating (natural gas); Central air conditioning; Ceiling fans
• Interior features: Finished basement; Finished lower level (basement); Total of 4 rooms
• Laundry & utility: Laundry information not provided

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath condo listed at $150k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $101 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Cap rate 7.1% vs local median 2.6% in New Baltimore — 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 85/100 on livability (#30 in MI, #597 nationally) — a professional / high-income tenant draw. Strengths: crime A+, employment A+, cost of living A+; Watch: health & safety D+, amenities F.
• Anchor Bay School District (suburban): math 44% / reading 54% proficiency, ranked #91 of 540 in MI (top 17%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 20% free/reduced lunch — higher-income household profile.
• Market conditions: 237 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 6d on market — plan ~1-2 weeks tenant-placement turnaround); 40% of comp listings sitting > 30 days — soft ceiling on asking rent; solid renter incomes; 1,321 units permitted in Macomb County in 2024 (86 in 5+ unit buildings).

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.
• Macomb County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 32y 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 $59k; list at $150k implies a 152% gain — meaningful room to come down on a strong offer.

Recommended offer $150,000

Questions for the listing agent

1. Built in 1978 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are B-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?
6. 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.
7. 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.
8. 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: 1.14% ✓
• Cap rate: 7.10%
• Cash-on-cash: 2.90%
• DSCR: 1.13
• GRM: 7.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -11.6%
• Equity multiple: 0.58×
• Total profit: $-17,685
• Equity at exit: $22,365

10-year hold

• IRR: -2.3%
• Equity multiple: 0.85×
• Total profit: $-6,438
• Equity at exit: $12,969

Cash invested: $42,000 (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 48047

• Active inventory: 237
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $1,712 high
• Mortgage (P&I): −$787
• Tax est. 1.5%: −$188 /mo · $2,250/yr
• Insurance: −$62
• HOA: −$214
• Vacancy / Maint / Mgmt: −$359
• Net cashflow: $101

Break-even live

Break-even rent $1,583

Max offer price $150,000

Occupancy floor 89%

Sensitivity live

Price	-10% $205	-5% $153	+0% $101	+5% $50	+10% $-2
Rent	-10% $-34	-5% $34	+0% $101	+5% $169	+10% $237
Rate	-1.0pp $177	-0.5pp $140	base $101	+0.5pp $63	+1.0pp $23

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
33821 Hooker Rd New Baltimore, MI	2.0	2.0	963	$1,600	$1.66	0d	1	0.10mi
31871 Gabby CT New Baltimore, MI	2.0	2.0	1131	$1,995	$1.76	0d	5	0.20mi
33523 Roselawn St New Baltimore, MI	2.0	2.5	1700	$1,995	$1.17	44d	1	0.47mi
51166 Johns Dr New Baltimore, MI	2.0	1.0	900	$1,200	$1.33	5d	1	0.93mi
32968 Antrim Dr New Baltimore, MI	2.0	2.0	1400	$2,190	$1.56	44d	1	1.15mi

HOA detail condo

• Monthly dues: $214 · $2,568/yr
• Likely covers: gym
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 6 events

1. 2026-06-15
   statusdays on market $150,000 Pending 9 DOM
2. 2026-06-13
   days on market $150,000 Active 8 DOM
3. 2026-06-09
   days on market $150,000 Active 4 DOM
4. 2026-06-08
   days on market $150,000 Active 3 DOM
5. 2026-06-07
   remarks 699-char remark
6. 2026-06-07
   listed $150,000 Active 2 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 ≥96°F today · 15 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,538
• − Mortgage interest: −$8,402
• − Property taxes: −$2,250
• − Insurance: −$750
• − Repairs & maintenance: −$1,643
• − Management: −$1,643
• − HOA: −$2,568
• − Depreciation: −$4,364
• Taxable loss: −$1,082
• Est. tax savings @ 24.0%: +$260
• After-tax cash flow: $1,477/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.

Condition & rehab AI · 1 photo

Good 75/100 Cosmetic rehab

This updated 2-bedroom, 1.5-bath condo is in good condition with minimal repairs needed. It offers a spacious open-concept main level and a finished basement, making it a great investment for both resale and rental.

Value-add opportunities

• Both Paint exterior siding — Enhances curb appeal and value
• Both Replace front door — Improves security and aesthetics
• Both Install new windows — Enhances energy efficiency and curb appeal

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior siding — Enhances curb appeal and value ↑
• Both Replace front door — Improves security and aesthetics ↑
• Both Install new windows — Enhances energy efficiency and curb appeal ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Anchor Bay School District
• NCES district ID: 2602790
• Math proficiency: 44% ▼ -12.00%
• Reading proficiency: 54% ▼ -7.00%
• Median HH income: $70,173
• Composite: 43.85/100
• National rank: #2925
• State rank: #91 of 540 in MI

Livability — New Baltimore

• Score: 85/100
• State rank: #30
• US rank: #597

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Macomb County · 638,552 people
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 40,302
• Household income: $94,890
• Rent vs Own: 18.5% rent · 81.5% own
• Severe rent burden: 529.0

Population outlook (Macomb County) Hauer SSP2

• Today (2025): 925,296 people
• By 2030: 948,226 · +2.5%
• By 2040: 983,961 · +6.3%
• By 2050: 1,010,200 · +9.2%
• By 2075: 1,076,222 · +16.3%
• By 2100: 1,077,065 · +16.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Two or more races 6% Black 5% Hispanic / Latino 4% Asian 2%
• Common ancestry: Romanian 16% Lithuanian 6% Slovak 3%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 1% Other Indo-European 1% Russian/Polish/Slavic 1%

Political lean MEDSL · Macomb

• 2024 margin: R (+13.7) · D 42.2% · R 55.9% · Other 1.9%
• 2008→2024 swing: -22.3pp toward R · 2008: 8.6pp · 2024: -13.7pp
• All cycles: 2024: R+13.7 2020: R+8.1 2016: R+11.6 2012: D+4.0 2008: D+8.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -265.06%
• Current HPI: 216.5914
• Rent YoY: —
• 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

+150.4% since first listed

9 events — show timeline

• 2026-06-05 Listed $150,000 MiRealSource-MiMLS
• 2026-06-05 Listed $150,000 REALCOMP
• 2013-10-10 Listing Removed — REALCOMP
• 2013-10-10 Listing Removed — MiRealSource-MiMLS
• 2013-09-19 Listed $83,000 REALCOMP
• 2013-09-19 Listed $83,000 MiRealSource-MiMLS
• 1995-04-21 Sold (MLS) $59,450 MiRealSource-MiMLS
• 1995-01-30 Listing Removed — MiRealSource-MiMLS
• 1994-09-26 Listed $59,900 MiRealSource-MiMLS