33799 Bayview Dr · New Baltimore, MI 48047

$182,900

3 bd · 1.5 ba · 1,323 sqft · Condo · 1 Days on market

Built 1978 Good condition $212/mo HOA · 11% 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 +16.6/30.0
• ARV discount +7.5/15.0
• 1% rule +6.0/10.0
• DSCR +5.1/10.0
• 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

Your Cozy Condo Awaits! This 2 story 3 Bedroom 1.5 bath Condominium is set along a tree lined sidewalk with a recently added fenced in deck. Walk in to the freshly painted spacious living area with a door-wall to the deck as well as a Galley kitchen, Dining area and half bath. On the Second floor 3 Bedrooms, plenty of closet space and full Bathroom. The private Basement has a Laundry Room, Workroom, Utilities and a finished Living Space. Unit has newer windows (Approx. 5 yrs). Low HOA includes water, snow removal, 2 assigned parking spaces, garbage, lawn maintenance, exterior maintenance (Excludes deck maintenance) . Pets welcome! Ready for immediate occupancy at close. Great opportunity whether investment or making this your home. Anchor Bay School District, great location for access to I-94/M-59, restaurants, Shopping and just minutes from beautiful Anchor Bay, Parks and Bike Paths .

Key facts

• $212 HOA
• Built 1978

Property features AI

Finance

• Other: Pet policies: pets allowed — call for restrictions; Zoning: Residential; Roads: Paved; Municipality: Chesterfield Township (mailing city: Chesterfield)
• HOA & community: Community: Hidden Harbor Condominiums; Monthly association fee (approx. $212.37) covering lawn maintenance, snow removal, trash removal, water/sewer and exterior maintenance; Association contact available

Exterior

• Parking: Paved street frontage
• Utilities: Public water; Public sanitary sewer; Natural gas fuel
• Home design: Farm property type; 2-story structure; Entry-level main living areas; Year built: 1978; Subdivision: HIDDEN HARBOR
• Construction: Aluminum construction; Basement foundation; Partially finished basement (approx. 300 finished below-grade area)
• Exterior features: Aluminum exterior; Deck; Porch; Basement (partially finished)

Interior

• Kitchen: Eat-in kitchen located on entry level (approx. 10 x 8); Appliances included: Dishwasher, Range/Oven, Microwave, Refrigerator
• Bedrooms: Three bedrooms on the second floor (approximate dimensions: 12 x 13; 12 x 9; 9'); Bedroom flooring: vinyl
• Flooring: Vinyl flooring throughout main living areas, bedrooms, kitchen, dining and baths; Living room approx. 20 x 11
• Bathrooms: One full bathroom (second floor); One lavatory (entry level) — 3 x 5, vinyl flooring; Total: 2 bathrooms/lavatories
• Heating & cooling: Forced air heating; Central A/C; Gas water heater
• Interior features: Family room; First floor lavatory; Second floor full bathroom; Eat-in kitchen; Window treatments
• Laundry & utility: Laundry in basement; Washer and Dryer included

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath condo listed at $183k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $109 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $183k).
• Cap rate 7.0% vs local median 2.5% 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: 236 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals leasing fast (median 5d 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 $5k 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 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 7 sale attempts since 28y ago; this cycle's ask is 59% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $112k; list at $183k implies a 63% gain — meaningful room to come down on a strong offer.

Recommended offer $182,900

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: 1.10% ✓
• Cap rate: 7.01%
• Cash-on-cash: 2.56%
• DSCR: 1.11
• GRM: 7.6

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: -12.1%
• Equity multiple: 0.56×
• Total profit: $-22,507
• Equity at exit: $27,271

10-year hold

• IRR: -2.9%
• Equity multiple: 0.81×
• Total profit: $-9,971
• Equity at exit: $15,814

Cash invested: $51,212 (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: 236
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $2,007 high
• Mortgage (P&I): −$959
• Tax est. 1.5%: −$229 /mo · $2,744/yr
• Insurance: −$76
• HOA: −$212
• Vacancy / Maint / Mgmt: −$421
• Net cashflow: $109

Break-even live

Break-even rent $1,868

Max offer price $182,900

Occupancy floor 90%

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: $45,725
• Closing costs: $5,487
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
31871 Gabby CT New Baltimore, MI	2.0	2.0	1131	$1,995	$1.76	1d	5	0.21mi
33523 Roselawn St New Baltimore, MI	2.0	2.5	1700	$1,995	$1.17	43d	1	0.40mi
50790 Redwood Dr New Baltimore, MI	2.0	2.0	1456	$2,411	$1.66	1d	3	0.69mi
51166 Johns Dr New Baltimore, MI	2.0	1.0	900	$1,200	$1.33	4d	1	0.99mi
32968 Antrim Dr New Baltimore, MI	2.0	2.0	1400	$2,190	$1.56	43d	1	1.22mi

HOA detail condo

• Monthly dues: $212 · $2,544/yr
• Likely covers: watertrashsnow removalexterior maint.parking
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 4 events

1. 2026-06-04
   status $182,900 Pending 1 DOM
2. 2026-06-03
   statuslisting id $182,900 Active 1 DOM
3. 2026-06-02
   remarks 699-char remark
4. 2026-06-02
   listed $182,900 Coming Soon 1 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: $24,082
• − Mortgage interest: −$10,245
• − Property taxes: −$2,744
• − Insurance: −$914
• − Repairs & maintenance: −$1,927
• − Management: −$1,927
• − HOA: −$2,544
• − Depreciation: −$5,321
• Taxable loss: −$1,539
• Est. tax savings @ 24.0%: +$369
• After-tax cash flow: $1,683/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 · 12 photos

Good 75/100 None rehab

This well-maintained 3-bedroom, 1.5-bath condo is move-in ready with updated kitchens and bathrooms, and a private deck surrounded by mature trees.

Value-add opportunities

• Both Paint exterior — Enhances curb appeal and value
• Both Clean gutters — Improves drainage and overall appearance

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior — Enhances curb appeal and value ↑
• Both Clean gutters — Improves drainage and overall appearance ↑

ⓘ 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

+115.4% since first listed

20 events — show timeline

• 2026-06-01 Coming Soon $182,900 MiRealSource-MiMLS
• 2022-12-09 Sold (MLS) $112,500 MiRealSource-MiMLS
• 2022-12-09 Sold (MLS) $112,500 REALCOMP
• 2022-11-21 Pending — MiRealSource-MiMLS
• 2022-11-21 Pending — REALCOMP
• 2022-11-12 Listed $114,900 REALCOMP
• 2022-11-11 Coming Soon $114,900 REALCOMP
• 2022-11-08 Listed $114,900 MiRealSource-MiMLS
• 2007-05-28 Sold (MLS) $65,000 MiRealSource-MiMLS
• 2007-05-28 Sold (MLS) $65,000 REALCOMP
• 2007-04-17 Listing Removed — MiRealSource-MiMLS
• 2007-04-03 Listed $73,800 MiRealSource-MiMLS
• 2007-04-03 Listed $73,800 REALCOMP
• 2007-04-01 Listing Removed — MiRealSource-MiMLS
• 2007-02-16 Listed $73,800 MiRealSource-MiMLS
• 2007-02-03 Listing Removed — MiRealSource-MiMLS
• 2006-10-31 Listed $74,900 MiRealSource-MiMLS
• 1998-12-11 Sold (MLS) $80,000 MiRealSource-MiMLS
• 1998-11-11 Listing Removed — MiRealSource-MiMLS
• 1998-10-27 Listed $84,900 MiRealSource-MiMLS