18 Edna Ave · Pontiac, MI 48341

$162,500

3 bd · 1.5 ba · 1,572 sqft · SingleFamily public records · 131 Days on market

Built 1931 6,229 sqft lot $103/sqft · 13% below area Est $188k · 13% under

---

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 +18.6/30.0
• ARV discount +13.5/15.0
• DSCR +5.8/10.0
• 1% rule +5.2/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this well-maintained 3-bedroom, 1-bath home featuring numerous recent updates and a versatile layout. The upper level offers a spacious third bedroom paired with an additional recreation room--perfect for a home office, studio, or extra living space. Enjoy peace of mind with a new roof, new water heater, and new furnace. The basement features a clean epoxy floor, and the freshly paved driveway adds great curb appeal. Ideally located near local conveniences, this home is both inviting and practical. Property is currently tenant-occupied with a lease in place through September 30th. .. Tenants are flexible and are willing to move out as long as the new owner will give them 30 days notice. .. . Tenants pay on time and maintain the home very well. For additional information, please contact the listing agent Maribel Miller at 248-422-8859.

Key facts

• New furnace
• Versatile layout
• Clean epoxy floor

Tags

• VERSATILE LAYOUT
• NEW ROOF
• NEW WATER HEATER
• NEW FURNACE
• CLEAN EPOXY FLOOR
• FRESHLY PAVED DRIVEWAY

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $162k.

Deal economics

• At list price, monthly cash flow is $157 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $162k).
• Recommended offer: $143k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 64/100 on livability (#499 in MI) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: health & safety D, schools F, crime F.
• Pontiac City School District (urban): math 8% / reading 17% proficiency, ranked #514 of 540 in MI (top 95%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 81% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 100 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); 2,614 units permitted in Oakland County in 2024 (721 in 5+ unit buildings).
• This rent runs 39% of the median local income ($51k/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 $1k of loan paydown is wiped out by about $5k 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

• It's been on market 131 days — a 12% lower offer ($143k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 20y 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 $110k; 48% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1931 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $143,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 131 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1931 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
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: 1.02% ✓
• Cap rate: 7.45%
• Cash-on-cash: 4.14%
• DSCR: 1.18
• GRM: 8.2

CMA / ARV

• ARV (median comp): $187,514
• List price: $162,500
• Delta: -13.34%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1386 Avondale St	0.36mi	3/1.5	1,498 (-5%)	7mo	$360,000	$240	69
855 Menominee Rd	0.43mi	3/1.5	1,633 (+4%)	8mo	$175,000	$107	67
160 Chippewa Rd	0.53mi	3/2.5	1,500 (-5%)	0mo	$250,000	$167	63
1449 Oakwood St	0.51mi	3/2.0	1,450 (-8%)	1mo	$395,000	$272	61
2085 Pontiac Dr	0.53mi	3/1.5	1,437 (-9%)	1mo	$290,700	$202	60
84 Chippewa Rd	0.63mi	3/1.5	1,617 (+3%)	9mo	$165,000	$102	58
990 Voorheis Rd	0.43mi	3/2.0	1,418 (-10%)	6mo	$200,000	$141	57
217 Navajo Ave	0.45mi	3/1.5	1,724 (+10%)	9mo	$135,000	$78	55
10 Niagara Ave	0.49mi	2/1.0 (-1)	1,466 (-7%)	7mo	$170,000	$116	53
160 Navajo Ave	0.49mi	3/1.0	1,787 (+14%)	3mo	$180,000	$101	49
943 Premont Ave	0.55mi	2/1.0 (-1)	1,426 (-9%)	4mo	$160,000	$112	48
1254 Desiax Ave	0.63mi	3/1.0	1,341 (-15%)	7mo	$130,000	$97	38

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -9.8%
• Equity multiple: 0.64×
• Total profit: $-16,281
• Equity at exit: $24,229

10-year hold

• IRR: -0.4%
• Equity multiple: 0.98×
• Total profit: $-1,120
• Equity at exit: $14,050

Cash invested: $45,500 (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 48341

• Active inventory: 100
• Price-to-rent: 8.2×

Monthly cashflow live

• Estimated rent: $1,655 high
• Mortgage (P&I): −$852
• Tax from tax record: −$230 /mo · $2,764/yr
• Insurance: −$68
• HOA: −$0
• Vacancy / Maint / Mgmt: −$348
• Net cashflow: $157

Break-even live

Break-even rent $1,456

Max offer price $162,500

Occupancy floor 86%

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: $40,625
• Closing costs: $4,875
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
27 Sylvan Pontiac, MI	2.0	1.5	1370	$1,175	$0.86	12d	1	0.39mi
5 Wenonah Dr Pontiac, MI	4.0	1.5	1749	$2,000	$1.14	44d	1	0.42mi
99 Chippewa Rd Pontiac, MI	4.0	1.0	1315	$1,750	$1.33	24d	1	0.62mi
91 Waterly Ave Waterford, MI	3.0	1.5	1550	$1,660	$1.07	2d	1	0.69mi
74 E Iroquois Rd Pontiac, MI	3.0	1.0	1661	$1,695	$1.02	24d	1	0.71mi
949 Boston Ave Waterford Twp, MI	2.0	1.0	1320	$1,150	$0.87	44d	1	0.87mi
949 Boston Ave Unit 1 Waterford Township, MI	2.0	1.0	1220	$1,150	$0.94	22d	1	0.87mi
60 Waldo St Pontiac, MI	3.0	1.0	1100	$1,500	$1.36	5d	1	0.90mi
59 N Lynn Ave Waterford, MI	3.0	1.0	1300	$2,100	$1.62	2d	1	0.99mi
223 Tucker St Pontiac, MI	2.0	2.5	1295	$1,700	$1.31	18d	1	1.15mi
23 Henry Clay Ave Unit 1 Pontiac, MI	3.0	1.0	1200	$1,450	$1.21	18d	1	1.22mi
1974 Klingensmith Rd #4 Bloomfield Hills, MI	2.0	2.0	1219	$1,995	$1.64	18d	1	1.25mi
1574 Kessler Ave Keego Harbor, MI	3.0	2.5	1659	$2,500	$1.51	2d	1	1.40mi

Listing history 50 events

1. 2026-06-18
   days on market $162,500 Active 131 DOM
2. 2026-06-17
   days on market $162,500 Active 130 DOM
3. 2026-06-16
   days on market $162,500 Active 129 DOM
4. 2026-06-15
   days on market $162,500 Active 128 DOM
5. 2026-06-13
   days on market $162,500 Active 126 DOM
6. 2026-06-13
   days on market $162,500 Active 125 DOM
7. 2026-06-09
   days on market $162,500 Active 122 DOM
8. 2026-06-08
   days on market $162,500 Active 121 DOM
9. 2026-06-07
   days on market $162,500 Active 120 DOM
10. 2026-06-04
    days on market $162,500 Active 117 DOM
11. 2026-06-03
    days on market $162,500 Active 116 DOM
12. 2026-06-02
    days on market $162,500 Active 115 DOM
13. 2026-06-01
    days on market $162,500 Active 114 DOM
14. 2026-05-31
    days on market $162,500 Active 113 DOM
15. 2026-03-12
    price $162,500 857-char remark

    Show marketing remark (857 chars)

    Welcome to this well-maintained 3-bedroom, 1-bath home featuring numerous recent updates and a versatile layout. The upper level offers a spacious third bedroom paired with an additional recreation room--perfect for a home office, studio, or extra living space. Enjoy peace of mind with a new roof, new water heater, and new furnace. The basement features a clean epoxy floor, and the freshly paved driveway adds great curb appeal. Ideally located near local conveniences, this home is both inviting and practical. Property is currently tenant-occupied with a lease in place through September 30th. .. Tenants are flexible and are willing to move out as long as the new owner will give them 30 days notice. .. . Tenants pay on time and maintain the home very well. For additional information, please contact the listing agent Maribel Miller at 248-422-8859.

16. 2026-03-12
    price $162,500 857-char remark

    Show marketing remark (857 chars)

    Welcome to this well-maintained 3-bedroom, 1-bath home featuring numerous recent updates and a versatile layout. The upper level offers a spacious third bedroom paired with an additional recreation room--perfect for a home office, studio, or extra living space. Enjoy peace of mind with a new roof, new water heater, and new furnace. The basement features a clean epoxy floor, and the freshly paved driveway adds great curb appeal. Ideally located near local conveniences, this home is both inviting and practical. Property is currently tenant-occupied with a lease in place through September 30th. .. Tenants are flexible and are willing to move out as long as the new owner will give them 30 days notice. .. . Tenants pay on time and maintain the home very well. For additional information, please contact the listing agent Maribel Miller at 248-422-8859.

17. 2026-03-12
    price $162,500

    Show marketing remark (857 chars)

    Welcome to this well-maintained 3-bedroom, 1-bath home featuring numerous recent updates and a versatile layout. The upper level offers a spacious third bedroom paired with an additional recreation room--perfect for a home office, studio, or extra living space. Enjoy peace of mind with a new roof, new water heater, and new furnace. The basement features a clean epoxy floor, and the freshly paved driveway adds great curb appeal. Ideally located near local conveniences, this home is both inviting and practical. Property is currently tenant-occupied with a lease in place through September 30th. .. Tenants are flexible and are willing to move out as long as the new owner will give them 30 days notice. .. . Tenants pay on time and maintain the home very well. For additional information, please contact the listing agent Maribel Miller at 248-422-8859.

18. 2026-02-07
    listed $165,000 Active 857-char remark

    Show marketing remark (857 chars)

    Welcome to this well-maintained 3-bedroom, 1-bath home featuring numerous recent updates and a versatile layout. The upper level offers a spacious third bedroom paired with an additional recreation room--perfect for a home office, studio, or extra living space. Enjoy peace of mind with a new roof, new water heater, and new furnace. The basement features a clean epoxy floor, and the freshly paved driveway adds great curb appeal. Ideally located near local conveniences, this home is both inviting and practical. Property is currently tenant-occupied with a lease in place through September 30th. .. Tenants are flexible and are willing to move out as long as the new owner will give them 30 days notice. .. . Tenants pay on time and maintain the home very well. For additional information, please contact the listing agent Maribel Miller at 248-422-8859.

19. 2026-02-07
    listed $165,000 Active 857-char remark

    Show marketing remark (857 chars)

    Welcome to this well-maintained 3-bedroom, 1-bath home featuring numerous recent updates and a versatile layout. The upper level offers a spacious third bedroom paired with an additional recreation room--perfect for a home office, studio, or extra living space. Enjoy peace of mind with a new roof, new water heater, and new furnace. The basement features a clean epoxy floor, and the freshly paved driveway adds great curb appeal. Ideally located near local conveniences, this home is both inviting and practical. Property is currently tenant-occupied with a lease in place through September 30th. .. Tenants are flexible and are willing to move out as long as the new owner will give them 30 days notice. .. . Tenants pay on time and maintain the home very well. For additional information, please contact the listing agent Maribel Miller at 248-422-8859.

20. 2026-02-07
    listed $165,000 Active

    Show marketing remark (857 chars)

    Welcome to this well-maintained 3-bedroom, 1-bath home featuring numerous recent updates and a versatile layout. The upper level offers a spacious third bedroom paired with an additional recreation room--perfect for a home office, studio, or extra living space. Enjoy peace of mind with a new roof, new water heater, and new furnace. The basement features a clean epoxy floor, and the freshly paved driveway adds great curb appeal. Ideally located near local conveniences, this home is both inviting and practical. Property is currently tenant-occupied with a lease in place through September 30th. .. Tenants are flexible and are willing to move out as long as the new owner will give them 30 days notice. .. . Tenants pay on time and maintain the home very well. For additional information, please contact the listing agent Maribel Miller at 248-422-8859.

21. 2024-09-18
    soldstatus $110,000
22. 2024-09-16
    soldstatus $110,000 Sold
23. 2024-09-16
    soldstatus $110,000 Closed
24. 2024-08-24
    status Pending
25. 2024-08-24
    status Pending
26. 2024-08-10
    price $119,900
27. 2024-08-10
    price $119,900
28. 2024-08-02
    listed $129,900 Active
29. 2024-08-02
    listed $129,900 Active
30. 2022-02-03
    price $950
31. 2021-12-17
    historical
32. 2021-12-17
    historical
33. 2021-12-17
    historical
34. 2021-11-15
    price $99,900
35. 2021-11-15
    price $99,900
36. 2021-10-26
    price $104,900
37. 2021-10-25
    price $104,900
38. 2021-10-18
    listed $114,900 Active
39. 2021-10-18
    listed $114,900 Active
40. 2021-10-18
    listed $99,900
41. 2020-11-04
    soldstatus $84,000
42. 2020-10-16
    soldstatus $84,000 Sold
43. 2020-10-16
    soldstatus $84,000 Closed
44. 2020-09-21
    status Pending
45. 2020-09-21
    status Pending
46. 2020-09-12
    historical Accepting Backup Offers
47. 2020-09-12
    historical Accepting Backup Offers
48. 2020-08-26
    price $91,900
49. 2020-08-25
    price $91,900
50. 2020-08-01
    price $95,000

ⓘ 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: $2,764 · $230/mo
• Projected year-2 tax: $2,764 · $230/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 2/10 Low 7 d/yr ≥96°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: $19,858
• − Mortgage interest: −$9,103
• − Property taxes: −$2,764
• − Insurance: −$812
• − Repairs & maintenance: −$1,589
• − Management: −$1,589
• − Depreciation: −$4,727
• Taxable loss: −$725
• Est. tax savings @ 24.0%: +$174
• After-tax cash flow: $2,060/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: Pontiac City School District
• NCES district ID: 2628740
• Math proficiency: 8% ▼ -5.00%
• Reading proficiency: 17% ▼ -3.00%
• Median HH income: $33,888
• Composite: 10.12/100
• National rank: #9802
• State rank: #514 of 540 in MI

Livability — Pontiac

• Score: 64/100
• State rank: #499
• US rank: #14703

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Pontiac, MI
• County: Oakland County · 1,009,092 people
• City population: 44,593
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 18,924
• Household income: $51,390
• Rent vs Own: 46.6% rent · 53.4% own
• Severe rent burden: 833.0

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: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: Black 57% White 22% Hispanic / Latino 12% Two or more races 11% Asian 3%
• Hispanic origin (detail): Mexican 4% Puerto Rican 2%
• Common ancestry: Slovak 2% Romanian 1% Swiss 1%
• Foreign-born: 10% · Canada
• Languages at home: 86% English-only · Spanish 9% Other Indo-European 1% Other Asian/Pacific 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: ▼ -204.11%
• Current HPI: 257.8941
• 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

+84.9% since first listed

41 events — show timeline

• 2026-03-12 Price Changed $162,500 MiRealSource-MiMLS
• 2026-03-12 Price Changed $162,500 REALCOMP
• 2026-03-12 Price Changed $162,500 SW Michigan MLS
• 2026-02-07 Listed $165,000 REALCOMP
• 2026-02-07 Listed $165,000 SW Michigan MLS
• 2026-02-07 Listed $165,000 MiRealSource-MiMLS
• 2024-09-18 Sold (Public Records) $110,000 Public Records
• 2024-09-16 Sold (MLS) $110,000 MiRealSource-MiMLS
• 2024-09-16 Sold (MLS) $110,000 REALCOMP
• 2024-08-24 Pending — MiRealSource-MiMLS
• 2024-08-24 Pending — REALCOMP
• 2024-08-10 Price Changed $119,900 MiRealSource-MiMLS
• 2024-08-10 Price Changed $119,900 REALCOMP
• 2024-08-02 Listed $129,900 MiRealSource-MiMLS
• 2024-08-02 Listed $129,900 REALCOMP
• 2022-02-03 Price Changed $950 RENT.
• 2021-12-17 Listing Removed — REALCOMP
• 2021-12-17 Listing Removed — MiRealSource-MiMLS
• 2021-12-17 Listing Removed — MiRealSource-MiMLS
• 2021-11-15 Price Changed $99,900 MiRealSource-MiMLS
• 2021-11-15 Price Changed $99,900 REALCOMP
• 2021-10-26 Price Changed $104,900 MiRealSource-MiMLS
• 2021-10-25 Price Changed $104,900 REALCOMP
• 2021-10-18 Listed $99,900 MiRealSource-MiMLS
• 2021-10-18 Listed $114,900 MiRealSource-MiMLS
• 2021-10-18 Listed $114,900 REALCOMP
• 2020-11-04 Sold (Public Records) $84,000 Public Records
• 2020-10-16 Sold (MLS) $84,000 MiRealSource-MiMLS
• 2020-10-16 Sold (MLS) $84,000 REALCOMP
• 2020-09-21 Pending — MiRealSource-MiMLS
• 2020-09-21 Pending — REALCOMP
• 2020-09-12 Contingent — MiRealSource-MiMLS
• 2020-09-12 Contingent — REALCOMP
• 2020-08-26 Price Changed $91,900 MiRealSource-MiMLS
• 2020-08-25 Price Changed $91,900 REALCOMP
• 2020-08-01 Price Changed $95,000 MiRealSource-MiMLS
• 2020-08-01 Price Changed $95,000 REALCOMP
• 2020-07-14 Listed $98,000 MiRealSource-MiMLS
• 2020-07-14 Listed $98,000 REALCOMP
• 2007-05-28 Listing Removed — REALCOMP
• 2006-11-28 Listed $87,900 REALCOMP

Property tax history

+8.9%/yr

Latest (2025): $2,764 · +40.3% YoY. Source: county tax records.