26692 Chippendale St · Roseville, MI 48066

$150,000

3 bd · 1.0 ba · 1,248 sqft · SingleFamily public records · 135 Days on market

Built 1950 6,970 sqft lot $120/sqft · at area comps Est $156k · at est.

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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 +13.0/30.0
• ARV discount +9.1/15.0
• 1% rule +4.7/10.0
• DSCR +3.9/10.0
• Livability +3.6/5.0
• Rent growth +2.6/5.0
• Condition / age +2.5/5.0
• Schools +1.5/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this cozy, light-filled 3-bedroom, 1-bath bungalow. Step into a spacious living room with gorgeous newer flooring, then flow into the galley kitchen featuring refreshed cabinets and hardware. An oversized family room at the back of the home offers plenty of space for entertaining or relaxing, complete with convenient first-floor laundry. The home offers two comfortable bedrooms on the main floor plus a generously sized, spacious upstairs bedroom. The property also boasts a massive 3.5-car garage perfect for a workshop, hobbies, or extra storage. Don't miss this rare combination of comfort, functionality, and charm!

Key facts

• 6,970 sq ft lot
• 3 garage spots
• Built 1950

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $-9 ($-114/yr) — negative.
• To cash-flow at today's rent, offer at most $148k (1.1% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $145k (3.1% below list).
• Recommended offer: $132k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 72/100 on livability (#258 in MI) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: health & safety D+, employment D, crime F.
• Roseville Community Schools (suburban): math 11% / reading 24% proficiency, ranked #483 of 540 in MI (top 89%) — 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: Roseville High School (math 12% / reading 27%, grade F, #622 of 713 statewide, top 88%, 1,216 students, 70% FRL).
• Market conditions: Rents flat; 269 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals at typical pace (median 26d on market — plan ~3-4 weeks tenant-placement turnaround); 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

• It's been on market 135 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $10k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $34k; list at $150k implies a 341% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $132,000 (12.0% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 135 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. Built in 1950 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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: 0.97% ✗
• Cap rate: 6.22%
• Cash-on-cash: -0.27%
• DSCR: 0.99
• GRM: 8.6

CMA / ARV

• ARV (median comp): $155,677
• List price: $150,000
• Delta: -3.65%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
26414 Waldorf St	0.24mi	3/1.0	1,290 (+3%)	0mo	$180,000	$140	83
27052 Ridgewood St	0.17mi	2/1.0 (-1)	1,307 (+5%)	3mo	$135,000	$103	77
26095 Pattow St	0.30mi	3/1.0	1,180 (-5%)	1mo	$112,500	$95	76
27825 Kaufman St	0.57mi	3/1.0	1,200 (-4%)	1mo	$195,000	$163	66
25914 Normandy St	0.45mi	3/1.5	1,161 (-7%)	2mo	$105,500	$91	64
20312 Yale St	0.61mi	3/1.5	1,188 (-5%)	2mo	$230,000	$194	60
18239 Glendale St	0.47mi	3/2.0	1,376 (+10%)	0mo	$204,000	$148	57
27540 KAUFMAN St	0.47mi	3/1.0	1,092 (-12%)	1mo	$160,000	$147	56
27540 Kaufman St	0.47mi	3/1.0	1,092 (-12%)	1mo	$160,000	$147	56
27520 Bohnhoff St	0.41mi	3/2.0	1,064 (-15%)	1mo	$242,000	$227	52
28059 Schram St	0.69mi	3/1.0	1,119 (-10%)	3mo	$135,000	$121	48
20305 Frazho St	0.72mi	3/1.0	1,105 (-12%)	0mo	$232,500	$210	47

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 · 0.39% rent growth · sell at horizon

5-year hold

• IRR: -20.0%
• Equity multiple: 0.32×
• Total profit: $-28,533
• Equity at exit: $22,365

10-year hold

• IRR: -20.9%
• Equity multiple: 0.05×
• Total profit: $-39,716
• 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 48066

• Rents YoY: 0.4%
• Active inventory: 269
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $1,453 high
• Mortgage (P&I): −$787
• Tax from tax record: −$308 /mo · $3,699/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$305
• Net cashflow: $-9

Break-even live

Break-even rent $1,465

Max offer price $148,327

Occupancy floor 96%

Sensitivity live

Price	-10% $75	-5% $33	+0% $-9	+5% $-52	+10% $-94
Rent	-10% $-124	-5% $-67	+0% $-9	+5% $48	+10% $105
Rate	-1.0pp $66	-0.5pp $29	base $-9	+0.5pp $-48	+1.0pp $-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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
27067 Lawnwood St Roseville, MI	3.0	1.0	960	$1,500	$1.56	45d	1	0.14mi
27547 O Neil Roseville, MI	3.0	1.0	1014	$1,350	$1.33	6d	1	0.41mi
18635 Meier St Unit : Back Roseville, MI	2.0	1.0	900	$1,100	$1.22	26d	1	0.49mi
27881 O Neil Roseville, MI	3.0	1.0	1300	$1,300	$1.00	0d	1	0.57mi
27881 O Neil Roseville, MI	3.0	1.0	1300	$1,300	$1.00	26d	1	0.57mi
26251 Pinehurst St Unit 251d Roseville, MI	2.0	1.0	1000	$1,200	$1.20	45d	1	0.76mi
26221 Pinehurst St Roseville, MI	2.0	1.0	1000	$1,200	$1.20	1d	1	0.77mi
17392 Tennyson St Roseville, MI	3.0	1.0	900	$1,649	$1.83	4d	1	0.97mi
17405 Ivanhoe St Roseville, MI	3.0	1.0	969	$1,600	$1.65	45d	1	0.98mi
18410 Tranquil St Roseville, MI	3.0	1.0	1140	$1,800	$1.58	16d	1	1.05mi
18410 Tranquil St Roseville, MI	3.0	1.0	1140	$1,800	$1.58	45d	1	1.05mi
28320 Hillview St Roseville, MI	3.0	1.0	1224	$1,500	$1.23	1d	1	1.07mi
16944 E 11 Mile Rd Unit C2 Roseville, MI	2.0	1.0	900	$1,295	$1.44	26d	1	1.11mi
17639 Oakdale St Roseville, MI	2.0	1.0	812	$1,200	$1.48	46d	1	1.17mi
16840 E Eleven Mile Rd Unit 103 Roseville, MI	2.0	1.0	900	$1,250	$1.39	45d	1	1.17mi
16840 E 11 Mile Rd Unit 109 Roseville, MI	2.0	1.0	900	$1,400	$1.56	45d	1	1.17mi
16840 E Eleven Mile Rd Roseville, MI	2.0	1.0	900	$1,300	$1.44	26d	3	1.17mi
16840 E Eleven Mile Rd Unit 104 Roseville, MI	2.0	1.0	900	$1,200	$1.33	45d	1	1.17mi
16840 E Eleven Mile Rd Roseville, MI	2.0	1.0	900	$1,300	$1.44	23d	3	1.17mi
28744 Maple St Roseville, MI	3.0	1.0	1050	$1,295	$1.23	45d	1	1.28mi
19236 Florida St Roseville, MI	2.0	1.0	1160	$1,700	$1.47	0d	1	1.34mi
26324 Harper Unit 4 St Clair Shores, MI	2.0	1.0	700	$1,195	$1.71	26d	1	1.40mi
26324 Harper Ave Unit 6 St Clair Shores, MI	3.0	1.0	1100	$1,345	$1.22	26d	1	1.40mi
28232 Floral St Unit 1032343P Roseville, MI	3.0	1.0	1496	$6,419	$4.29	0d	1	1.44mi

Listing history 21 events

1. 2026-06-21
   days on market $150,000 Active 135 DOM
2. 2026-06-18
   days on market $150,000 Active 132 DOM
3. 2026-06-17
   price $150,000 Active 131 DOM
4. 2026-06-17
   days on market $159,800 Active 131 DOM
5. 2026-06-16
   days on market $159,800 Active 130 DOM
6. 2026-06-15
   days on market $159,800 Active 129 DOM
7. 2026-06-13
   days on market $159,800 Active 127 DOM
8. 2026-06-09
   days on market $159,800 Active 123 DOM
9. 2026-06-08
   days on market $159,800 Active 122 DOM
10. 2026-06-07
    days on market $159,800 Active 121 DOM
11. 2026-06-04
    days on market $159,800 Active 118 DOM
12. 2026-06-03
    days on market $159,800 Active 117 DOM
13. 2026-06-02
    days on market $159,800 Active 116 DOM
14. 2026-06-01
    days on market $159,800 Active 115 DOM
15. 2026-05-31
    days on market $159,800 Active 114 DOM
16. 2026-05-05
    price $159,800 633-char remark

    Show marketing remark (639 chars)

    Welcome to this cozy, light-filled 3-bedroom, 1-bath bungalow. Step into a spacious living room with gorgeous newer flooring, then flow into the galley kitchen featuring refreshed cabinets and hardware. An oversized family room at the back of the home offers plenty of space for entertaining or relaxing, complete with convenient first-floor laundry. The home offers two comfortable bedrooms on the main floor plus a generously sized, spacious upstairs bedroom. The property also boasts a massive 3.5-car garage perfect for a workshop, hobbies, or extra storage. Don’t miss this rare combination of comfort, functionality, and charm!

17. 2026-05-05
    price $159,800 639-char remark

    Show marketing remark (639 chars)

    Welcome to this cozy, light-filled 3-bedroom, 1-bath bungalow. Step into a spacious living room with gorgeous newer flooring, then flow into the galley kitchen featuring refreshed cabinets and hardware. An oversized family room at the back of the home offers plenty of space for entertaining or relaxing, complete with convenient first-floor laundry. The home offers two comfortable bedrooms on the main floor plus a generously sized, spacious upstairs bedroom. The property also boasts a massive 3.5-car garage perfect for a workshop, hobbies, or extra storage. Don’t miss this rare combination of comfort, functionality, and charm!

18. 2026-02-07
    listed $159,900 Active 633-char remark

    Show marketing remark (639 chars)

    Welcome to this cozy, light-filled 3-bedroom, 1-bath bungalow. Step into a spacious living room with gorgeous newer flooring, then flow into the galley kitchen featuring refreshed cabinets and hardware. An oversized family room at the back of the home offers plenty of space for entertaining or relaxing, complete with convenient first-floor laundry. The home offers two comfortable bedrooms on the main floor plus a generously sized, spacious upstairs bedroom. The property also boasts a massive 3.5-car garage perfect for a workshop, hobbies, or extra storage. Don’t miss this rare combination of comfort, functionality, and charm!

19. 2026-02-07
    listed $159,900 Active 639-char remark

    Show marketing remark (639 chars)

    Welcome to this cozy, light-filled 3-bedroom, 1-bath bungalow. Step into a spacious living room with gorgeous newer flooring, then flow into the galley kitchen featuring refreshed cabinets and hardware. An oversized family room at the back of the home offers plenty of space for entertaining or relaxing, complete with convenient first-floor laundry. The home offers two comfortable bedrooms on the main floor plus a generously sized, spacious upstairs bedroom. The property also boasts a massive 3.5-car garage perfect for a workshop, hobbies, or extra storage. Don’t miss this rare combination of comfort, functionality, and charm!

20. 2026-02-06
    historical $159,900 633-char remark

    Show marketing remark (633 chars)

    Welcome to this cozy, light-filled 3-bedroom, 1-bath bungalow. Step into a spacious living room with gorgeous newer flooring, then flow into the galley kitchen featuring refreshed cabinets and hardware. An oversized family room at the back of the home offers plenty of space for entertaining or relaxing, complete with convenient first-floor laundry. The home offers two comfortable bedrooms on the main floor plus a generously sized, spacious upstairs bedroom. The property also boasts a massive 3.5-car garage perfect for a workshop, hobbies, or extra storage. Don't miss this rare combination of comfort, functionality, and charm!

21. 1988-09-16
    soldstatus $34,000

ⓘ 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: $3,699 · $308/mo
• Projected year-2 tax: $3,699 · $308/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 ≥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: $17,437
• − Mortgage interest: −$8,402
• − Property taxes: −$3,699
• − Insurance: −$750
• − Repairs & maintenance: −$1,395
• − Management: −$1,395
• − Depreciation: −$4,364
• Taxable loss: −$2,568
• Est. tax savings @ 24.0%: +$616
• After-tax cash flow: $503/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: Roseville Community Schools
• NCES district ID: 2630210
• Math proficiency: 11% ▼ -8.00%
• Reading proficiency: 24% ▼ -7.00%
• Median HH income: $41,590
• Composite: 14.98/100
• National rank: #9363
• State rank: #483 of 540 in MI

Livability — Roseville

• Score: 72/100
• State rank: #258
• US rank: #6400

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Roseville, MI
• County: Macomb County · 638,552 people
• City population: 47,123
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 47,123
• Household income: $62,182
• Rent vs Own: 34.4% rent · 65.6% own
• Severe rent burden: 1712.0

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 (65%)
• Race & ethnicity: White 65% Black 23% Two or more races 7% Hispanic / Latino 4% Asian 2%
• Common ancestry: Romanian 12% Lithuanian 4% Slovak 2%
• Foreign-born: 5% · Canada
• Languages at home: 93% English-only · Spanish 2% Russian/Polish/Slavic 1% Other Indo-European 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: ▼ -232.95%
• Current HPI: 217.4171
• Rent YoY: ▲ 0.39%
• 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

+370.0% since first listed

6 events — show timeline

• 2026-05-05 Price Changed $159,800 MiRealSource-MiMLS
• 2026-05-05 Price Changed $159,800 REALCOMP
• 2026-02-07 Listed $159,900 MiRealSource-MiMLS
• 2026-02-07 Listed $159,900 REALCOMP
• 2026-02-06 Coming Soon $159,900 MiRealSource-MiMLS
• 1988-09-16 Sold (Public Records) $34,000 Public Records

Property tax history

+5.9%/yr

Latest (2025): $3,699 · +4.0% YoY. Source: county tax records.