19767 Hayes Ct · Northville, MI 48167

$249,900

3 bd · 1.5 ba · 2,112 sqft · SingleFamily · 82 Days on market

Built 1971 Good condition $118/sqft · at area comps Est $244k · at est. $502/mo HOA · 16% 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 +18.3/30.0
• 1% rule +7.4/10.0
• Schools +6.6/10.0
• ARV discount +6.4/15.0
• DSCR +5.7/10.0
• Livability +4.4/5.0
• Condition / age +3.8/5.0
• Rent growth +3.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Well-maintained condominium located in the Highland Lakes community of Northville. This home offers 3 bedrooms and 1.5 bathrooms with a functional layout designed for comfortable living. The main level includes a living and dining area, along with a separate family room providing additional gathering space. A spacious basement offers flexibility for storage, recreation, or other uses. Enjoy outdoor living on the brick-paved patio. Two assigned parking spaces are included. The Highland Lakes community features a clubhouse, swimming pool, tennis courts, walking paths, and well-maintained grounds. Conveniently located just minutes from downtown Northville with access to shopping, dining, and parks. Located within the Northville Public Schools district.

Key facts

• Clubhouse
• Swimming pool
• Tennis courts

Tags

• BRICK PAVED PATIO
• CLUBHOUSE
• SWIMMING POOL
• TENNIS COURTS
• WALKING PATHS
• WELL MAINTAINED GROUNDS

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $250k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $228 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $250k).
• Recommended offer: $235k (6.0% below list) — sets the bar for market timing.
• Cap rate 7.4% vs local median 2.4% in Northville — 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 88/100 on livability (#13 in MI, #205 nationally) — a professional / high-income tenant draw. Strengths: schools A+, crime A+, amenities A+; Watch: commute F.
• Northville Public Schools (suburban): math 68% / reading 75% proficiency, ranked #4 of 540 in MI (top 1%) — strong family-tenant draw, lease renewals of 3-5y typical; only 4% free/reduced lunch — higher-income household profile.
• Market conditions: Rents rising (+4.0%/yr); 213 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals leasing fast (median 5d on market — plan ~1-2 weeks tenant-placement turnaround); high-income renter base; 2,639 units permitted in Wayne County in 2024 (1,216 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 $7k 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 82 days — a 6% lower offer ($235k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 3y ago; this cycle's ask is 9896% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Recommended offer $234,906 (6.0% below list)

Questions for the listing agent

1. It's been on market 82 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1971 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
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 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?
7. 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.
8. 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.
9. 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: 1.24% ✓
• Cap rate: 7.39%
• Cash-on-cash: 3.91%
• DSCR: 1.17
• GRM: 6.7

CMA / ARV

• ARV (median comp): $243,916
• List price: $249,900
• Delta: 2.45%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
20240 Woodcreek Blvd	0.58mi	3/2.5	1,943 (-8%)	9mo	$620,000	$319	48
19500 Scenic Harbour Dr	0.41mi	4/2.5 (+1)	2,214 (+5%)	22mo	$450,000	$203	46
311 Yerkes St	0.56mi	2/1.0 (-1)	1,890 (-10%)	11mo	$300,000	$159	40

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 · 3.97% rent growth · sell at horizon

5-year hold

• IRR: -8.7%
• Equity multiple: 0.68×
• Total profit: $-22,553
• Equity at exit: $37,261

10-year hold

• IRR: 2.5%
• Equity multiple: 1.19×
• Total profit: $13,331
• Equity at exit: $21,607

Cash invested: $69,972 (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 48167

• Rents YoY: 4.0%
• Active inventory: 213
• Price-to-rent: 6.7×

Monthly cashflow live

• Estimated rent: $3,110 high
• Mortgage (P&I): −$1,311
• Tax est. 1.5%: −$312 /mo · $3,748/yr
• Insurance: −$104
• HOA: −$502
• Vacancy / Maint / Mgmt: −$653
• Net cashflow: $228

Break-even live

Break-even rent $2,822

Max offer price $249,900

Occupancy floor 88%

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: $62,475
• Closing costs: $7,497
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
42480 Corlina Dr Northville, MI	2.0	2.5	1800	$2,400	$1.33	43d	1	0.47mi
19741 Cardene Way Northville, MI	3.0	3.0	2759	$4,850	$1.76	24d	1	0.60mi
19741 Cardene Way Unit NA Northville, MI	3.0	3.0	2750	$4,850	$1.76	5d	1	0.60mi
20828 W Glen Haven Cir Northville, MI	3.0	2.5	1863	$2,000	$1.07	1d	1	0.61mi
416 S Center St Northville, MI	3.0	2.5	1997	$5,000	$2.50	4d	1	0.92mi
41705 Broquet Dr Northville, MI	3.0	1.5	2300	$2,750	$1.20	5d	1	1.06mi

HOA detail

• Monthly dues: $502 · $6,024/yr
• Likely covers: landscapingpoolparking

Listing history 14 events

1. 2026-04-17
   price $249,900 759-char remark

   Show marketing remark (759 chars)

   Well-maintained condominium located in the Highland Lakes community of Northville. This home offers 3 bedrooms and 1.5 bathrooms with a functional layout designed for comfortable living. The main level includes a living and dining area, along with a separate family room providing additional gathering space. A spacious basement offers flexibility for storage, recreation, or other uses. Enjoy outdoor living on the brick-paved patio. Two assigned parking spaces are included. The Highland Lakes community features a clubhouse, swimming pool, tennis courts, walking paths, and well-maintained grounds. Conveniently located just minutes from downtown Northville with access to shopping, dining, and parks. Located within the Northville Public Schools district.

2. 2026-04-16
   price $249,900 759-char remark

   Show marketing remark (759 chars)

   Well-maintained condominium located in the Highland Lakes community of Northville. This home offers 3 bedrooms and 1.5 bathrooms with a functional layout designed for comfortable living. The main level includes a living and dining area, along with a separate family room providing additional gathering space. A spacious basement offers flexibility for storage, recreation, or other uses. Enjoy outdoor living on the brick-paved patio. Two assigned parking spaces are included. The Highland Lakes community features a clubhouse, swimming pool, tennis courts, walking paths, and well-maintained grounds. Conveniently located just minutes from downtown Northville with access to shopping, dining, and parks. Located within the Northville Public Schools district.

3. 2026-04-11
   listed $2,500
4. 2026-04-01
   price $259,600 759-char remark

   Show marketing remark (759 chars)

   Well-maintained condominium located in the Highland Lakes community of Northville. This home offers 3 bedrooms and 1.5 bathrooms with a functional layout designed for comfortable living. The main level includes a living and dining area, along with a separate family room providing additional gathering space. A spacious basement offers flexibility for storage, recreation, or other uses. Enjoy outdoor living on the brick-paved patio. Two assigned parking spaces are included. The Highland Lakes community features a clubhouse, swimming pool, tennis courts, walking paths, and well-maintained grounds. Conveniently located just minutes from downtown Northville with access to shopping, dining, and parks. Located within the Northville Public Schools district.

5. 2026-03-31
   price $259,600 759-char remark

   Show marketing remark (759 chars)

   Well-maintained condominium located in the Highland Lakes community of Northville. This home offers 3 bedrooms and 1.5 bathrooms with a functional layout designed for comfortable living. The main level includes a living and dining area, along with a separate family room providing additional gathering space. A spacious basement offers flexibility for storage, recreation, or other uses. Enjoy outdoor living on the brick-paved patio. Two assigned parking spaces are included. The Highland Lakes community features a clubhouse, swimming pool, tennis courts, walking paths, and well-maintained grounds. Conveniently located just minutes from downtown Northville with access to shopping, dining, and parks. Located within the Northville Public Schools district.

6. 2026-03-02
   listed $259,700 Active 759-char remark

   Show marketing remark (759 chars)

   Well-maintained condominium located in the Highland Lakes community of Northville. This home offers 3 bedrooms and 1.5 bathrooms with a functional layout designed for comfortable living. The main level includes a living and dining area, along with a separate family room providing additional gathering space. A spacious basement offers flexibility for storage, recreation, or other uses. Enjoy outdoor living on the brick-paved patio. Two assigned parking spaces are included. The Highland Lakes community features a clubhouse, swimming pool, tennis courts, walking paths, and well-maintained grounds. Conveniently located just minutes from downtown Northville with access to shopping, dining, and parks. Located within the Northville Public Schools district.

7. 2026-03-02
   listed $259,700 Active 759-char remark

   Show marketing remark (759 chars)

   Well-maintained condominium located in the Highland Lakes community of Northville. This home offers 3 bedrooms and 1.5 bathrooms with a functional layout designed for comfortable living. The main level includes a living and dining area, along with a separate family room providing additional gathering space. A spacious basement offers flexibility for storage, recreation, or other uses. Enjoy outdoor living on the brick-paved patio. Two assigned parking spaces are included. The Highland Lakes community features a clubhouse, swimming pool, tennis courts, walking paths, and well-maintained grounds. Conveniently located just minutes from downtown Northville with access to shopping, dining, and parks. Located within the Northville Public Schools district.

8. 2026-02-03
   historical
9. 2025-12-06
   listed $265,000 Active
10. 2025-12-06
    listed $265,000 Active
11. 2025-12-02
    historical
12. 2023-11-18
    historical $2,150
13. 2023-11-05
    price $2,150
14. 2023-10-25
    listed $2,250

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

Taxation est. · year 1

• Rental income: $37,322
• − Mortgage interest: −$13,998
• − Property taxes: −$3,748
• − Insurance: −$1,250
• − Repairs & maintenance: −$2,986
• − Management: −$2,986
• − HOA: −$6,024
• − Depreciation: −$7,270
• Taxable loss: −$940
• Est. tax savings @ 24.0%: +$226
• After-tax cash flow: $2,962/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 · 13 photos

Good 75/100 Cosmetic rehab

This well-maintained condominium in the Highland Lakes community of Northville is in good condition with no major repairs needed. It offers a functional layout and a spacious basement, making it a great investment opportunity.

Value-add opportunities

• Both Paint the exterior siding — Enhances curb appeal and adds value to the home.
• Both Replace the carpet in the bedrooms — Improves the living experience and adds value to the home.
• Both Clean the gutters — Keeps the home in good condition and adds value to the home.

Renovation cost estimate screening

Value-add ROI direction

• Both Paint the exterior siding — Enhances curb appeal and adds value to the home. ↑
• Both Replace the carpet in the bedrooms — Improves the living experience and adds value to the home. ↑
• Both Clean the gutters — Keeps the home in good condition and adds value to the home. ↑

ⓘ 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: Northville Public Schools
• NCES district ID: 2625980
• Math proficiency: 68% ▼ -5.00%
• Reading proficiency: 75% ▼ -4.00%
• Median HH income: $108,824
• Composite: 66.21/100
• National rank: #431
• State rank: #4 of 540 in MI

Livability — Northville

• Score: 88/100
• State rank: #13
• US rank: #205

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Wayne County · 1,562,939 people
• City population: 24,713
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 24,713
• Household income: $124,630
• Rent vs Own: 25.9% rent · 74.1% own
• Severe rent burden: 441.0

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 (78%)
• Race & ethnicity: White 78% Asian 10% Two or more races 5% Hispanic / Latino 4% Black 4%
• Common ancestry: Romanian 11% Lithuanian 4% Slovak 3%
• Foreign-born: 15% · Canada, China, South Korea
• Languages at home: 85% English-only · Other Indo-European 4% Other Asian/Pacific 3% Chinese 2%

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: ▼ -275.65%
• Current HPI: 176.171
• Rent YoY: ▲ 3.97%
• 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

+11006.7% since first listed

14 events — show timeline

• 2026-04-17 Price Changed $249,900 MiRealSource-MiMLS
• 2026-04-16 Price Changed $249,900 REALCOMP
• 2026-04-11 Listed for Rent $2,500 REALSOURCE
• 2026-04-01 Price Changed $259,600 MiRealSource-MiMLS
• 2026-03-31 Price Changed $259,600 REALCOMP
• 2026-03-02 Listed $259,700 REALCOMP
• 2026-03-02 Listed $259,700 MiRealSource-MiMLS
• 2026-02-03 Listing Removed — MiRealSource-MiMLS
• 2025-12-06 Listed $265,000 MiRealSource-MiMLS
• 2025-12-06 Listed $265,000 REALCOMP
• 2025-12-02 Coming Soon — MiRealSource-MiMLS
• 2023-11-18 Rental Removed $2,150 REALCOMP
• 2023-11-05 Price Changed $2,150 REALCOMP
• 2023-10-25 Listed for Rent $2,250 REALCOMP