6679 Saline Dr · Village of Clarkston, MI 48329

$225,000

5 bd · 1.0 ba · 1,444 sqft · SingleFamily public records · 4 Days on market

Built 1967 6,970 sqft lot $156/sqft · 11% below area Est $254k · 11% under

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Why this score? — see what drove the B- 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 +25.9/30.0
• ARV discount +12.7/15.0
• DSCR +8.7/10.0
• 1% rule +6.3/10.0
• Livability +4.0/5.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Discover a truly inviting home at 6679 Saline Dr. Waterford Township. Built in 1967, this ready-to-move-in single-family residence offers a comfortable and established living experience. This appealing residence features 4 bedrooms, providing ample personal space for everyone. Includes updated bathroom. This home is an ideal setting for creating lasting memories and enjoying a relaxed lifestyle. Garage needs some work but large enough footprint to hold 2 cars. Inquire today to schedule your private viewing of this charming property.

Key facts

• 6,970 sq ft lot
• Garage
• Built 1967

Property features AI

Exterior

• Parking: Detached garage facing front; Approximately 1.5 garage spaces
• Utilities: Public water; Public sewer; Cable available
• Home design: Single-family residence; One and one-half story; Ground-level entry
• Construction: Vinyl siding; Asphalt roof; Slab foundation; Built area above grade approximately 1,444 square feet
• Exterior features: Paved road access; Lot approximately 0.16 acres (50 x 140); Pets allowed with breed restrictions; cats allowed

Interior

• Kitchen: Dishwasher; Electric oven; Refrigerator; Microwave; Garbage disposal
• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating (natural gas); No central air conditioning
• Interior features: Dishwasher; Disposal; Free-standing electric oven; Free-standing refrigerator; Microwave; Seven total rooms

What this means for you Summary

Snapshot

• This is a 5-bed/1.0-bath single-family listed at $225k.

Deal economics

• At list price, monthly cash flow is $556 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $225k).
• Cap rate 9.3% vs local median 3.9% in Village of Clarkston — 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 79/100 on livability (#98 in MI, #2,255 nationally) — a middle-class / working-renter tenant base. Strengths: schools A+, crime A+, employment A+; Watch: amenities F, commute F.
• Waterford School District (suburban): math 26% / reading 42% proficiency, ranked #285 of 540 in MI (top 53%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 130 active listings in the ZIP; solid renter incomes; 2,614 units permitted in Oakland County in 2024 (721 in 5+ unit buildings).
• This rent runs 36% of the median local income ($86k/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 $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Oakland County population projected at +10% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 21y 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.

Recommended offer $225,000

Questions for the listing agent

1. Built in 1967 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 1.13% ✓
• Cap rate: 9.26%
• Cash-on-cash: 10.59%
• DSCR: 1.47
• GRM: 7.4

CMA / ARV

• ARV (median comp): $254,148
• List price: $225,000
• Delta: -11.47%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -0.4%
• Equity multiple: 0.98×
• Total profit: $-1,076
• Equity at exit: $33,548

10-year hold

• IRR: 9.2%
• Equity multiple: 1.71×
• Total profit: $44,564
• Equity at exit: $19,454

Cash invested: $63,000 (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 48329

• Active inventory: 130
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $2,548 medium
• Mortgage (P&I): −$1,180
• Tax from tax record: −$183 /mo · $2,195/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$535
• Net cashflow: $556

Break-even live

Break-even rent $1,844

Max offer price $225,000

Occupancy floor 73%

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: $56,250
• Closing costs: $6,750
• Reserves months: —
• Total cash needed: —

Listing history 17 events

1. 2026-05-09
   status Pending 538-char remark

   Show marketing remark (538 chars)

   Discover a truly inviting home at 6679 Saline Dr. Waterford Township. Built in 1967, this ready-to-move-in single-family residence offers a comfortable and established living experience. This appealing residence features 4 bedrooms, providing ample personal space for everyone. Includes updated bathroom. This home is an ideal setting for creating lasting memories and enjoying a relaxed lifestyle. Garage needs some work but large enough footprint to hold 2 cars. Inquire today to schedule your private viewing of this charming property.

2. 2026-05-09
   status Pending 538-char remark

   Show marketing remark (538 chars)

   Discover a truly inviting home at 6679 Saline Dr. Waterford Township. Built in 1967, this ready-to-move-in single-family residence offers a comfortable and established living experience. This appealing residence features 4 bedrooms, providing ample personal space for everyone. Includes updated bathroom. This home is an ideal setting for creating lasting memories and enjoying a relaxed lifestyle. Garage needs some work but large enough footprint to hold 2 cars. Inquire today to schedule your private viewing of this charming property.

3. 2026-05-01
   listed $225,000 Active 538-char remark

   Show marketing remark (538 chars)

   Discover a truly inviting home at 6679 Saline Dr. Waterford Township. Built in 1967, this ready-to-move-in single-family residence offers a comfortable and established living experience. This appealing residence features 4 bedrooms, providing ample personal space for everyone. Includes updated bathroom. This home is an ideal setting for creating lasting memories and enjoying a relaxed lifestyle. Garage needs some work but large enough footprint to hold 2 cars. Inquire today to schedule your private viewing of this charming property.

4. 2026-05-01
   listed $225,000 Active 538-char remark

   Show marketing remark (538 chars)

   Discover a truly inviting home at 6679 Saline Dr. Waterford Township. Built in 1967, this ready-to-move-in single-family residence offers a comfortable and established living experience. This appealing residence features 4 bedrooms, providing ample personal space for everyone. Includes updated bathroom. This home is an ideal setting for creating lasting memories and enjoying a relaxed lifestyle. Garage needs some work but large enough footprint to hold 2 cars. Inquire today to schedule your private viewing of this charming property.

5. 2011-11-30
   soldstatus $33,000

   Show marketing remark (304 chars)

   Don't miss this charming bungalow in Waterford!! Home offers a lrg living room, roomy kitchen w/ dining area. 4 spacious bedrooms, first floor laundry and an oversized 1.5 car det garage!! Purchase this property for as little as 3% down!! This property is approved for HomePath Renovation Mort Financing.

6. 2011-11-30
   soldstatus $33,000

   Show marketing remark (304 chars)

   Don't miss this charming bungalow in Waterford!! Home offers a lrg living room, roomy kitchen w/ dining area. 4 spacious bedrooms, first floor laundry and an oversized 1.5 car det garage!! Purchase this property for as little as 3% down!! This property is approved for HomePath Renovation Mort Financing.

7. 2011-11-30
   soldstatus $33,000

   Show marketing remark (304 chars)

   Don't miss this charming bungalow in Waterford!! Home offers a lrg living room, roomy kitchen w/ dining area. 4 spacious bedrooms, first floor laundry and an oversized 1.5 car det garage!! Purchase this property for as little as 3% down!! This property is approved for HomePath Renovation Mort Financing.

8. 2011-11-19
   historical

   Show marketing remark (304 chars)

   Don't miss this charming bungalow in Waterford!! Home offers a lrg living room, roomy kitchen w/ dining area. 4 spacious bedrooms, first floor laundry and an oversized 1.5 car det garage!! Purchase this property for as little as 3% down!! This property is approved for HomePath Renovation Mort Financing.

9. 2011-11-19
   historical

   Show marketing remark (304 chars)

   Don't miss this charming bungalow in Waterford!! Home offers a lrg living room, roomy kitchen w/ dining area. 4 spacious bedrooms, first floor laundry and an oversized 1.5 car det garage!! Purchase this property for as little as 3% down!! This property is approved for HomePath Renovation Mort Financing.

10. 2011-09-21
    listed $37,000
11. 2011-09-21
    listed $37,000
12. 2011-09-20
    listed $37,000

    Show marketing remark (304 chars)

    Don't miss this charming bungalow in Waterford!! Home offers a lrg living room, roomy kitchen w/ dining area. 4 spacious bedrooms, first floor laundry and an oversized 1.5 car det garage!! Purchase this property for as little as 3% down!! This property is approved for HomePath Renovation Mort Financing.

13. 2006-02-16
    soldstatus $128,000
14. 2006-01-26
    soldstatus $128,000
15. 2005-08-25
    listed $129,800
16. 1972-10-01
    soldstatus $18,950
17. 1971-10-01
    soldstatus $14,800

ⓘ 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: $2,195 · $183/mo
• Projected year-2 tax: $2,830 · $236/mo
• Expected delta: +$635/yr (+$53/mo · 28.9%)

ⓘ 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 2/10 Low 7 d/yr ≥95°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

Taxation est. · year 1

• Rental income: $30,570
• − Mortgage interest: −$12,603
• − Property taxes: −$2,195
• − Insurance: −$1,125
• − Repairs & maintenance: −$2,446
• − Management: −$2,446
• − Depreciation: −$6,545
• Taxable income: $3,209
• Est. tax owed @ 24.0%: −$770
• After-tax cash flow: $5,901/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: Waterford School District
• NCES district ID: 2635310
• Math proficiency: 26% ▼ -5.00%
• Reading proficiency: 42% ▼ -1.00%
• Median HH income: $55,581
• Composite: 29.99/100
• National rank: #6364
• State rank: #285 of 540 in MI

Livability — Village of Clarkston

• Score: 79/100
• State rank: #98
• US rank: #2255

Category grades

Amenities F 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: Oakland County · 1,009,092 people
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 24,715
• Household income: $85,709
• Rent vs Own: 10.6% rent · 89.4% own
• Severe rent burden: 330.0

Population outlook (Oakland County) Hauer SSP2

• Today (2025): 1,335,747 people
• By 2030: 1,375,100 · +2.9%
• By 2040: 1,435,385 · +7.5%
• By 2050: 1,469,250 · +10.0%
• By 2075: 1,531,946 · +14.7%
• By 2100: 1,450,485 · +8.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Two or more races 7% Hispanic / Latino 6% Asian 2% Black 2%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Romanian 8% Slovak 4% Serbian 3%
• Foreign-born: 4% · China, Canada
• Languages at home: 94% English-only · Spanish 2% Chinese 1% Arabic 1%

Political lean MEDSL · Oakland

• 2024 margin: D (+10.6) · D 54.4% · R 43.8% · Other 1.9%
• 2008→2024 swing: -3.9pp toward R · 2008: 14.5pp · 2024: 10.6pp
• All cycles: 2024: D+10.6 2020: D+14.1 2016: D+8.1 2012: D+8.1 2008: D+14.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -292.54%
• Current HPI: 204.9674
• 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

+1555.4% since first listed

19 events — show timeline

• 2026-06-17 Sold (MLS) $245,000 REALCOMP
• 2026-06-17 Sold (MLS) $245,000 MiRealSource-MiMLS
• 2026-05-09 Pending — MiRealSource-MiMLS
• 2026-05-09 Pending — REALCOMP
• 2026-05-01 Listed $225,000 REALCOMP
• 2026-05-01 Listed $225,000 MiRealSource-MiMLS
• 2011-11-30 Sold (MLS) $33,000 REALCOMP
• 2011-11-30 Sold (MLS) $33,000 MiRealSource-MiMLS
• 2011-11-30 Sold (MLS) $33,000 MiRealSource-MiMLS
• 2011-11-19 Listing Removed — MiRealSource-MiMLS
• 2011-11-19 Listing Removed — MiRealSource-MiMLS
• 2011-09-21 Listed $37,000 REALCOMP
• 2011-09-21 Listed $37,000 MiRealSource-MiMLS
• 2011-09-20 Listed $37,000 MiRealSource-MiMLS
• 2006-02-16 Sold (Public Records) $128,000 Public Records
• 2006-01-26 Sold (MLS) $128,000 REALCOMP
• 2005-08-25 Listed $129,800 REALCOMP
• 1972-10-01 Sold (Public Records) $18,950 Public Records
• 1971-10-01 Sold (Public Records) $14,800 Public Records

Property tax history

+6.6%/yr

Latest (2025): $2,195 · +51.8% YoY. Source: county tax records.