90 Menlo Park Dr · Belleville, MI 48111

$74,000

3 bd · 2.0 ba · 1,344 sqft · SingleFamily · 3 Days on market

Built 1997 Good condition 4,356 sqft lot

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Condition / age +4.0/5.0
• Livability +3.8/5.0
• Rent growth +3.4/5.0
• Schools +3.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to Belle Villa Lake, Belleville's premier 55+ manufactured home community! Please note that the residents must be 55 years of age or older. This spacious & well-maintained home offers comfort, convenience, and accessibility throughout. Enjoy peace of mind with a whole-house generator a newer roof on the home. Two decks, one of which is covered, allowing you to relax outdoors rain or shine. Inside, you'll find a bright open-concept floor plan featuring a large living room with a cozy gas fireplace. The living room flows into the spacious kitchen and formal dining room. The kitchen has an abundance of cabinets & counter space, a newer LG Smart stove, refrigerator with ice maker, and all appliances. Luxury vinyl plank flooring extends throughout the main living areas & 3rd bedroom. The primary suite offers a large walk-in closet and a private en suite bath featuring an accessible walk-in shower. For added convenience, a door from the primary bathroom provides direct access to the laundry room. Two additional bedrooms share a second full bathroom, and both bathrooms feature accessible showers with built-in shower seats. The second bathroom also includes a comfort-height toilet with a bidet. The third bedroom provides direct access to a huge deck, creating a perfect space for guests, hobbies, or enjoying the outdoors. Residents of Belle Villa Lake enjoy a vibrant 55+ community atmosphere with beautifully maintained grounds, community amenities, organized activities, and the opportunity to connect with neighbors while enjoying a low-maintenance lifestyle. Conveniently located near shopping, dining, medical facilities, and major highways, you'll have everything you need just minutes away. If you're looking for a spacious, accessible home in a desirable senior community where residents must be 55 or older, this is one you won't want to miss. Schedule your private showing today and discover all that Belle Villa Lake living has to offer! COSFHOC

Key facts

• Covered deck
• Newer roof
• Gas fireplace

Tags

• WHOLE-HOUSE GENERATOR
• NEWER ROOF
• COVERED DECK
• OPEN-CONCEPT FLOOR PLAN
• GAS FIREPLACE
• ABUNDANCE OF CABINETS

Property features AI

Finance

• Other: Property is residential single-family; Lot accessed via private road/frontage
• HOA & community: Senior community; Community amenities include pool, clubhouse, and sidewalks; Pets allowed: call for details

Exterior

• Parking: Driveway; No garage; Assigned parking
• Utilities: Public water; Public sewer; Circuit breakers; Generator; 220 volts electrical; Cable available; Underground utilities
• Home design: Single family residence; One level; Ground-level entry with steps
• Construction: Vinyl siding; Asphalt roof; Pillar/post/pier foundation; Built on lot approximately 0.1 acre (50 x 100)
• Exterior features: Deck; Shed(s); Private paved road with private maintenance; Community pool (in-ground, outdoor); Clubhouse; Sidewalks

Interior

• Kitchen: Dishwasher; Free-standing gas range; Free-standing refrigerator
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central air; Ceiling fan(s); Forced air heating; Natural gas heating
• Interior features: Dishwasher; Dryer; Free-standing gas range; Free-standing refrigerator; Washer; 7 total rooms; Laundry room
• Laundry & utility: Laundry room; Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $74k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $801 ($10k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $74k).
• Cap rate 19.3% vs local median 3.0% in Belleville — 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 75/100 on livability (#164 in MI, #4,360 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D, employment D, amenities F.
• Van Buren Public Schools (suburban): math 33% / reading 43% proficiency, ranked #228 of 540 in MI (top 42%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+3.6%/yr); 222 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 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 $512 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 3.6% rent growth), your $21k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 sale attempts 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 $74,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
3. 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.
4. 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.
5. 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: 2.24% ✓
• Cap rate: 19.28%
• Cash-on-cash: 46.39%
• DSCR: 3.06
• GRM: 3.7

CMA / ARV

• ARV (on-the-fly): $220,416
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
26 Carmell	0.48mi	3/2.0	1,400 (+4%)	1mo	$25,000	$18	70
15505 Martinsville Rd	0.60mi	3/1.0	1,284 (-4%)	12mo	$210,000	$164	50
582 THORNHILL Ct	0.64mi	4/3.0 (+1)	1,369 (+2%)	16mo	$349,900	$256	45
898 Sumpter Rd	0.65mi	4/2.0 (+1)	1,538 (+14%)	1mo	$140,000	$91	39
16380 Sumpter Rd	0.73mi	4/1.0 (+1)	1,248 (-7%)	8mo	$232,500	$186	38
—	0.58mi	3/1.0	1,533 (+14%)	22mo	$200,000	$130	28

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 · 3.64% rent growth · sell at horizon

5-year hold

• IRR: 44.4%
• Equity multiple: 2.94×
• Total profit: $40,126
• Equity at exit: $11,034

10-year hold

• IRR: 50.6%
• Equity multiple: 6.08×
• Total profit: $105,209
• Equity at exit: $6,398

Cash invested: $20,720 (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 48111

• Rents YoY: 3.6%
• Active inventory: 222
• Price-to-rent: 3.7×

Monthly cashflow live

• Estimated rent: $1,661 medium
• Mortgage (P&I): −$388
• Tax est. 1.5%: −$92 /mo · $1,110/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$349
• Net cashflow: $801

Break-even live

Break-even rent $647

Max offer price $74,000

Occupancy floor 47%

Sensitivity live

Price	-10% $852	-5% $827	+0% $801	+5% $775	+10% $750
Rent	-10% $670	-5% $735	+0% $801	+5% $867	+10% $932
Rate	-1.0pp $838	-0.5pp $820	base $801	+0.5pp $782	+1.0pp $762

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: $18,500
• Closing costs: $2,220
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
956 Sumpter Rd Van Buren Twp, MI	2.0–3.0	1.0–2.0	1232	$1,599	$1.30	0d	1	0.23mi
955 Sumpter Rd Belleville, MI	3.0–4.0	2.0	1560	$1,569	$1.01	0d	1	0.48mi

Listing history 3 events

1. 2026-06-21
   days on market $74,000 Active 3 DOM
2. 2026-06-18
   remarks 691-char remark

   Show marketing remark (2000 chars)

   Welcome home to Belle Villa Lake, Belleville's premier 55+ manufactured home community! Please note that the residents must be 55 years of age or older. This spacious & well-maintained home offers comfort, convenience, and accessibility throughout. Enjoy peace of mind with a whole-house generator a newer roof on the home. Two decks, one of which is covered, allowing you to relax outdoors rain or shine. Inside, you'll find a bright open-concept floor plan featuring a large living room with a cozy gas fireplace. The living room flows into the spacious kitchen and formal dining room. The kitchen has an abundance of cabinets & counter space, a newer LG Smart stove, refrigerator with ice maker, and all appliances. Luxury vinyl plank flooring extends throughout the main living areas & 3rd bedroom. The primary suite offers a large walk-in closet and a private en suite bath featuring an accessible walk-in shower. For added convenience, a door from the primary bathroom provides direct access to the laundry room. Two additional bedrooms share a second full bathroom, and both bathrooms feature accessible showers with built-in shower seats. The second bathroom also includes a comfort-height toilet with a bidet. The third bedroom provides direct access to a huge deck, creating a perfect space for guests, hobbies, or enjoying the outdoors. Residents of Belle Villa Lake enjoy a vibrant 55+ community atmosphere with beautifully maintained grounds, community amenities, organized activities, and the opportunity to connect with neighbors while enjoying a low-maintenance lifestyle. Conveniently located near shopping, dining, medical facilities, and major highways, you'll have everything you need just minutes away. If you're looking for a spacious, accessible home in a desirable senior community where residents must be 55 or older, this is one you won't want to miss. Schedule your private showing today and discover all that Belle Villa Lake living has to offer! COSFHOC

3. 2026-06-18
   listed $74,000 Active 1 DOM

   Show marketing remark (2000 chars)

   Welcome home to Belle Villa Lake, Belleville's premier 55+ manufactured home community! Please note that the residents must be 55 years of age or older. This spacious & well-maintained home offers comfort, convenience, and accessibility throughout. Enjoy peace of mind with a whole-house generator a newer roof on the home. Two decks, one of which is covered, allowing you to relax outdoors rain or shine. Inside, you'll find a bright open-concept floor plan featuring a large living room with a cozy gas fireplace. The living room flows into the spacious kitchen and formal dining room. The kitchen has an abundance of cabinets & counter space, a newer LG Smart stove, refrigerator with ice maker, and all appliances. Luxury vinyl plank flooring extends throughout the main living areas & 3rd bedroom. The primary suite offers a large walk-in closet and a private en suite bath featuring an accessible walk-in shower. For added convenience, a door from the primary bathroom provides direct access to the laundry room. Two additional bedrooms share a second full bathroom, and both bathrooms feature accessible showers with built-in shower seats. The second bathroom also includes a comfort-height toilet with a bidet. The third bedroom provides direct access to a huge deck, creating a perfect space for guests, hobbies, or enjoying the outdoors. Residents of Belle Villa Lake enjoy a vibrant 55+ community atmosphere with beautifully maintained grounds, community amenities, organized activities, and the opportunity to connect with neighbors while enjoying a low-maintenance lifestyle. Conveniently located near shopping, dining, medical facilities, and major highways, you'll have everything you need just minutes away. If you're looking for a spacious, accessible home in a desirable senior community where residents must be 55 or older, this is one you won't want to miss. Schedule your private showing today and discover all that Belle Villa Lake living has to offer! COSFHOC

ⓘ 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: $19,935
• − Mortgage interest: −$4,145
• − Property taxes: −$1,110
• − Insurance: −$370
• − Repairs & maintenance: −$1,595
• − Management: −$1,595
• − Depreciation: −$2,153
• Taxable income: $8,968
• Est. tax owed @ 24.0%: −$2,152
• After-tax cash flow: $7,460/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 80/100 Cosmetic rehab

This well-maintained single-family home in Belleville's 55+ community offers a spacious and comfortable living space with modern amenities and a good condition score.

Value-add opportunities

• Both landscaping — enhances curb appeal and adds value
• Both smart home integration — increases convenience and marketability

Renovation cost estimate screening

Value-add ROI direction

• Both landscaping — enhances curb appeal and adds value ↑
• Both smart home integration — increases convenience and marketability ↑

ⓘ 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: Van Buren Public Schools
• NCES district ID: 2634560
• Math proficiency: 33% ▲ 6.00%
• Reading proficiency: 43% ▲ 6.00%
• Median HH income: $54,166
• Composite: 33.2/100
• National rank: #5533
• State rank: #228 of 540 in MI

Livability — Belleville

• Score: 75/100
• State rank: #164
• US rank: #4360

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Belleville, MI
• County: Wayne County · 1,562,939 people
• City population: 44,709
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 44,709
• Household income: $76,595
• Rent vs Own: 31.6% rent · 68.4% own
• Severe rent burden: 1200.0

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 (66%)
• Race & ethnicity: White 66% Black 22% Two or more races 7% Hispanic / Latino 4% Asian 2%
• Common ancestry: Romanian 8% Lithuanian 3% Slovak 3%
• Foreign-born: 4% · Canada
• Languages at home: 95% English-only · Spanish 1% Other Indo-European 1% Arabic 1%

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: ▼ -238.11%
• Current HPI: 236.4458
• Rent YoY: ▲ 3.64%
• 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

+0.0% since first listed

2 events — show timeline

• 2026-06-18 Listed $74,000 MiRealSource-MiMLS
• 2026-06-18 Listed $74,000 REALCOMP