475 S Adams Rd · Birmingham, MI 48009

$179,900

2 bd · 1.0 ba · 832 sqft · Townhouse · 52 Days on market

Built 1980 Est $257k · 30% under $320/mo HOA · 15% of rent

---

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 +17.7/30.0
• ARV discount +15.0/15.0
• 1% rule +7.0/10.0
• Schools +6.1/10.0
• DSCR +5.5/10.0
• Livability +4.4/5.0
• Rent growth +3.4/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Best-value pricing AND seller-paid incentives! Seller offering 3% toward buyer's closing costs and/or interest rate buy-down with acceptable offer. Incredible value in this beautifully updated Birmingham Village condo - perfect for both owner-occupants and investors. Ideally located just a few blocks from the vibrant heart of Downtown Birmingham, you'll enjoy easy access to dining, shopping, and entertainment. Inside, this move-in-ready home features hardwood flooring throughout the living room, kitchen, and bedrooms. The inviting eat-in kitchen is equipped with granite countertops, a stylish tile backsplash, and stainless steel appliances. The updated bath offers ceramic tile flooring and a clean, modern tub/shower combination. Thoughtful touches like brushed nickel fixtures and ceiling fans in each bedroom add comfort and style. Additional highlights include a private, locked storage unit in the basement, convenient on-site laundry, one assigned rear parking space, and a charming shared courtyard. Immediate occupancy available - don't miss this opportunity to own in one of Birmingham's most desirable locations. (Service pets only. )

Key facts

• Hardwood flooring
• Granite countertops
• Tile backsplash

Tags

• HARDWOOD FLOORING
• GRANITE COUNTERTOPS
• TILE BACKSPLASH
• STAINLESS STEEL APPLIANCES
• CERAMIC TILE FLOORING
• MODERN TUB SHOWER COMBINATION

Property features AI

Finance

• Other: Pets allowed — contact for details
• HOA & community: Homeowners association with monthly fee of $320; HOA maintains grounds

Exterior

• Parking: No garage; Assigned parking
• Utilities: Public sewer; Other water source
• Home design: Condominium; One level
• Construction: Brick construction; Slab foundation; Built area above grade: 832 square feet
• Exterior features: Paved road access; Ground-level entry

Interior

• Kitchen: Dishwasher; Disposal; Free-standing electric range; Free-standing refrigerator; Microwave
• Bedrooms: Total of 5 rooms (includes bedrooms and living spaces)
• Bathrooms: 1 full bathroom
• Interior features: Lighting; Dishwasher; Disposal; Free-standing electric range; Free-standing refrigerator; Microwave
• Laundry & utility: Laundry in common area

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath townhouse listed at $180k.

Deal economics

• At list price, monthly cash flow is $144 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $180k).
• Recommended offer: $175k (3.0% below list) — sets the bar for market timing.
• Cap rate 7.3% vs local median 1.5% in Birmingham — 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 88/100 on livability (#12 in MI, #200 nationally) — a professional / high-income tenant draw. Strengths: schools A+, crime A+, amenities A+; Watch: cost of living F.
• Birmingham Public Schools (suburban): math 58% / reading 71% proficiency, ranked #18 of 540 in MI (top 3%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 6% free/reduced lunch — higher-income household profile.
• Market conditions: Rents rising (+3.8%/yr); 208 active listings in the ZIP; 33 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 2,614 units permitted in Oakland County in 2024 (721 in 5+ unit buildings).
• This rent is only 17% of the median local income ($153k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

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 52 days — a 3% lower offer ($175k) is reasonable based on typical stale-listing flexibility.
• 40 sale attempts since 20y ago; this cycle's ask is 10180% above the opening price — seller raised mid-cycle; expect resistance to lowballs.
• Current owner paid $107k; list at $180k implies a 68% gain — meaningful room to come down on a strong offer.

Recommended offer $174,503 (3.0% below list)

Questions for the listing agent

1. It's been on market 52 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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.
6. 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.
7. 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: 1.20% ✓
• Cap rate: 7.25%
• Cash-on-cash: 3.43%
• DSCR: 1.15
• GRM: 6.9

CMA / ARV

• ARV (on-the-fly): $257,088
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
662 Purdy St #105	0.43mi	2/1.0	793 (-5%)	7mo	$349,000	$440	66
662 Purdy St #104	0.43mi	2/2.0	874 (+5%)	4mo	$382,000	$437	64
411 S Old Woodward Ave #901	0.30mi	1/1.0 (-1)	763 (-8%)	10mo	$435,000	$570	59
1974 Graefield Rd	0.65mi	2/1.0	908 (+9%)	2mo	$245,000	$270	52
1684 Graefield Rd #60	0.61mi	2/1.0	906 (+9%)	5mo	$205,000	$226	52
1814 Graefield Rd	0.58mi	2/1.0	906 (+9%)	7mo	$280,000	$309	52
946 N Adams Rd #2	0.72mi	2/1.5	898 (+8%)	0mo	$184,000	$205	51
35300 Woodward Ave #503	0.53mi	1/1.0 (-1)	768 (-8%)	9mo	$260,000	$339	50
35300 Woodward Ave #305	0.53mi	2/1.0	904 (+9%)	14mo	$280,000	$310	49
928 N Adams Rd #2	0.72mi	2/1.5	898 (+8%)	12mo	$195,000	$217	41
1245 Derby Rd #2	0.71mi	2/1.5	900 (+8%)	14mo	$201,000	$223	40
946 N Adams Unit #7 Rd	0.72mi	2/1.5	920 (+11%)	13mo	$200,000	$217	36

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 · 3.75% rent growth · sell at horizon

5-year hold

• IRR: -9.7%
• Equity multiple: 0.64×
• Total profit: $-18,101
• Equity at exit: $26,824

10-year hold

• IRR: 1.0%
• Equity multiple: 1.08×
• Total profit: $3,834
• Equity at exit: $15,554

Cash invested: $50,372 (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 48009

• Rents YoY: 3.8%
• Active inventory: 208
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $2,161 high
• Mortgage (P&I): −$943
• Tax est. 1.5%: −$225 /mo · $2,698/yr
• Insurance: −$75
• HOA: −$320
• Vacancy / Maint / Mgmt: −$454
• Net cashflow: $144

Break-even live

Break-even rent $1,979

Max offer price $179,900

Occupancy floor 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: $44,975
• Closing costs: $5,397
• Reserves months: —
• Total cash needed: —

Rent comps 33 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
520 S Adams Rd Birmingham, MI	1.0	1.0	650	$1,425	$2.19	5d	2	0.05mi
520 S Adams Rd Apt 7 Birmingham, MI	1.0	1.0	650	$1,425	$2.19	20d	1	0.05mi
707 S Worth St Birmingham, MI	1.0–2.0	1.0–2.0	1290	$6,900	$5.35	1d	17	0.15mi
343 S Elm St Unit A Birmingham, MI	2.0	1.5	1100	$3,000	$2.73	16d	1	0.20mi
555 S Old Woodward Ave Birmingham, MI	1.0–2.0	1.0–2.0	1036	$4,161	$4.02	1d	4	0.27mi
411 S Old Woodward Ave Birmingham, MI	1.0–2.0	1.0–2.0	743	$3,850	$5.18	3d	6	0.31mi
650 Ann St Birmingham, MI	1.0	1.0	700	$1,462	$2.09	24d	1	0.36mi
1188 Ruffner Ave Birmingham, MI	2.0	1.0	849	$2,300	$2.71	4d	1	0.41mi
1802 E Maple Rd Birmingham, MI	1.0–2.0	1.0	775	$1,565	$2.02	15d	3	0.43mi
1997 Villa Rd Birmingham, MI	1.0–3.0	1.0–2.5	1050	$1,975	$1.88	1d	10	0.45mi
211 E Merrill St Birmingham, MI	1.0–3.0	1.0–2.0	1059	$4,078	$3.85	1d	7	0.48mi
35300 Woodward Ave #507 Birmingham, MI	1.0	1.0	730	$2,000	$2.74	24d	1	0.56mi
771 Henrietta St Unit 773 Birmingham, MI	1.0	1.0	1054	$1,925	$1.83	24d	1	0.57mi
2101 E Maple Rd Birmingham, MI	2.0	1.0	1000	$1,695	$1.70	15d	1	0.58mi
2233 E Maple Rd Unit B301 Birmingham, MI	1.0	1.0	725	$1,395	$1.92	24d	1	0.64mi
2233 E Maple Rd Unit D104 Birmingham, MI	1.0	1.0	725	$1,275	$1.76	24d	1	0.64mi
2233 E Maple Rd Unit A104 Birmingham, MI	1.0	1.0	725	$1,300	$1.79	24d	1	0.64mi
444 Chester St #413 Birmingham, MI	1.0	1.0	664	$2,200	$3.31	15d	1	0.69mi
1109 Derby Rd Birmingham, MI	1.0	1.0	780	$1,400	$1.79	15d	1	0.72mi
2457 E Maple Rd Birmingham, MI	1.0–2.0	1.0	760	$1,525	$2.01	24d	1	0.74mi
2567 E Maple Rd Unit 5 Birmingham, MI	1.0	1.0	670	$1,225	$1.83	24d	1	0.80mi
2655 E Maple Rd #19 Birmingham, MI	2.0	1.0	791	$1,350	$1.71	24d	1	0.85mi
1707 E 14 Mile Rd Unit B Birmingham, MI	1.0	1.0	581	$1,325	$2.28	24d	1	0.87mi
1709 E 14 Mile Rd Unit A Birmingham, MI	1.0	1.0	581	$1,350	$2.32	24d	1	0.87mi
2859 E Maple Rd #15 Birmingham, MI	1.0	1.0	685	$1,250	$1.82	5d	1	0.94mi
2859 E Maple Rd #15 Birmingham, MI	1.0	1.0	685	$1,250	$1.82	24d	1	0.94mi
856 N Old Woodward Ave Birmingham, MI	1.0–3.0	1.5–3.0	1697	$6,425	$3.78	24d	6	0.94mi
1948 Henrietta St Birmingham, MI	3.0	1.0	1057	$2,500	$2.37	24d	1	0.99mi
4526 Cooper Ave Royal Oak, MI	3.0	1.0	1000	$2,500	$2.50	18d	1	1.09mi
3551 W 14 Mile Rd #3 Royal Oak, MI	1.0	1.0	850	$1,599	$1.88	24d	1	1.15mi
1935 Axtell Dr #3 Troy, MI	2.0	2.0	1060	$1,600	$1.51	15d	1	1.19mi
1820 Axtell Dr #1 Troy, MI	2.0	1.0	868	$1,300	$1.50	5d	1	1.25mi
1820 Axtell Dr #6 Troy, MI	1.0	1.0	868	$1,100	$1.27	43d	1	1.25mi

HOA detail

• Monthly dues: $320 · $3,840/yr

Listing history 50 events

1. 2026-06-07
   status $179,900 Pending 52 DOM
2. 2026-06-04
   days on market $179,900 Active 52 DOM
3. 2026-06-03
   days on market $179,900 Active 51 DOM
4. 2026-06-02
   days on market $179,900 Active 50 DOM
5. 2026-06-01
   days on market $179,900 Active 49 DOM
6. 2026-05-31
   days on market $179,900 Active 48 DOM
7. 2026-05-21
   price $179,900 1152-char remark

   Show marketing remark (1152 chars)

   Best-value pricing AND seller-paid incentives! Seller offering 3% toward buyer's closing costs and/or interest rate buy-down with acceptable offer. Incredible value in this beautifully updated Birmingham Village condo - perfect for both owner-occupants and investors. Ideally located just a few blocks from the vibrant heart of Downtown Birmingham, you'll enjoy easy access to dining, shopping, and entertainment. Inside, this move-in-ready home features hardwood flooring throughout the living room, kitchen, and bedrooms. The inviting eat-in kitchen is equipped with granite countertops, a stylish tile backsplash, and stainless steel appliances. The updated bath offers ceramic tile flooring and a clean, modern tub/shower combination. Thoughtful touches like brushed nickel fixtures and ceiling fans in each bedroom add comfort and style. Additional highlights include a private, locked storage unit in the basement, convenient on-site laundry, one assigned rear parking space, and a charming shared courtyard. Immediate occupancy available - don't miss this opportunity to own in one of Birmingham's most desirable locations. (Service pets only. )

8. 2026-05-21
   price $179,900

   Show marketing remark (1152 chars)

   Best-value pricing AND seller-paid incentives! Seller offering 3% toward buyer's closing costs and/or interest rate buy-down with acceptable offer. Incredible value in this beautifully updated Birmingham Village condo - perfect for both owner-occupants and investors. Ideally located just a few blocks from the vibrant heart of Downtown Birmingham, you'll enjoy easy access to dining, shopping, and entertainment. Inside, this move-in-ready home features hardwood flooring throughout the living room, kitchen, and bedrooms. The inviting eat-in kitchen is equipped with granite countertops, a stylish tile backsplash, and stainless steel appliances. The updated bath offers ceramic tile flooring and a clean, modern tub/shower combination. Thoughtful touches like brushed nickel fixtures and ceiling fans in each bedroom add comfort and style. Additional highlights include a private, locked storage unit in the basement, convenient on-site laundry, one assigned rear parking space, and a charming shared courtyard. Immediate occupancy available - don't miss this opportunity to own in one of Birmingham's most desirable locations. (Service pets only. )

9. 2026-05-14
   status Active 1152-char remark

   Show marketing remark (1152 chars)

   Best-value pricing AND seller-paid incentives! Seller offering 3% toward buyer's closing costs and/or interest rate buy-down with acceptable offer. Incredible value in this beautifully updated Birmingham Village condo - perfect for both owner-occupants and investors. Ideally located just a few blocks from the vibrant heart of Downtown Birmingham, you'll enjoy easy access to dining, shopping, and entertainment. Inside, this move-in-ready home features hardwood flooring throughout the living room, kitchen, and bedrooms. The inviting eat-in kitchen is equipped with granite countertops, a stylish tile backsplash, and stainless steel appliances. The updated bath offers ceramic tile flooring and a clean, modern tub/shower combination. Thoughtful touches like brushed nickel fixtures and ceiling fans in each bedroom add comfort and style. Additional highlights include a private, locked storage unit in the basement, convenient on-site laundry, one assigned rear parking space, and a charming shared courtyard. Immediate occupancy available - don't miss this opportunity to own in one of Birmingham's most desirable locations. (Service pets only. )

10. 2026-05-14
    status Active

    Show marketing remark (1152 chars)

    Best-value pricing AND seller-paid incentives! Seller offering 3% toward buyer's closing costs and/or interest rate buy-down with acceptable offer. Incredible value in this beautifully updated Birmingham Village condo - perfect for both owner-occupants and investors. Ideally located just a few blocks from the vibrant heart of Downtown Birmingham, you'll enjoy easy access to dining, shopping, and entertainment. Inside, this move-in-ready home features hardwood flooring throughout the living room, kitchen, and bedrooms. The inviting eat-in kitchen is equipped with granite countertops, a stylish tile backsplash, and stainless steel appliances. The updated bath offers ceramic tile flooring and a clean, modern tub/shower combination. Thoughtful touches like brushed nickel fixtures and ceiling fans in each bedroom add comfort and style. Additional highlights include a private, locked storage unit in the basement, convenient on-site laundry, one assigned rear parking space, and a charming shared courtyard. Immediate occupancy available - don't miss this opportunity to own in one of Birmingham's most desirable locations. (Service pets only. )

11. 2026-05-11
    historical 1152-char remark

    Show marketing remark (1152 chars)

    Best-value pricing AND seller-paid incentives! Seller offering 3% toward buyer's closing costs and/or interest rate buy-down with acceptable offer. Incredible value in this beautifully updated Birmingham Village condo - perfect for both owner-occupants and investors. Ideally located just a few blocks from the vibrant heart of Downtown Birmingham, you'll enjoy easy access to dining, shopping, and entertainment. Inside, this move-in-ready home features hardwood flooring throughout the living room, kitchen, and bedrooms. The inviting eat-in kitchen is equipped with granite countertops, a stylish tile backsplash, and stainless steel appliances. The updated bath offers ceramic tile flooring and a clean, modern tub/shower combination. Thoughtful touches like brushed nickel fixtures and ceiling fans in each bedroom add comfort and style. Additional highlights include a private, locked storage unit in the basement, convenient on-site laundry, one assigned rear parking space, and a charming shared courtyard. Immediate occupancy available - don't miss this opportunity to own in one of Birmingham's most desirable locations. (Service pets only. )

12. 2026-05-06
    price $185,000 1152-char remark

    Show marketing remark (1152 chars)

    Best-value pricing AND seller-paid incentives! Seller offering 3% toward buyer's closing costs and/or interest rate buy-down with acceptable offer. Incredible value in this beautifully updated Birmingham Village condo - perfect for both owner-occupants and investors. Ideally located just a few blocks from the vibrant heart of Downtown Birmingham, you'll enjoy easy access to dining, shopping, and entertainment. Inside, this move-in-ready home features hardwood flooring throughout the living room, kitchen, and bedrooms. The inviting eat-in kitchen is equipped with granite countertops, a stylish tile backsplash, and stainless steel appliances. The updated bath offers ceramic tile flooring and a clean, modern tub/shower combination. Thoughtful touches like brushed nickel fixtures and ceiling fans in each bedroom add comfort and style. Additional highlights include a private, locked storage unit in the basement, convenient on-site laundry, one assigned rear parking space, and a charming shared courtyard. Immediate occupancy available - don't miss this opportunity to own in one of Birmingham's most desirable locations. (Service pets only. )

13. 2026-05-05
    price $185,000
14. 2026-04-23
    price $194,900 1152-char remark

    Show marketing remark (1152 chars)

    Best-value pricing AND seller-paid incentives! Seller offering 3% toward buyer's closing costs and/or interest rate buy-down with acceptable offer. Incredible value in this beautifully updated Birmingham Village condo - perfect for both owner-occupants and investors. Ideally located just a few blocks from the vibrant heart of Downtown Birmingham, you'll enjoy easy access to dining, shopping, and entertainment. Inside, this move-in-ready home features hardwood flooring throughout the living room, kitchen, and bedrooms. The inviting eat-in kitchen is equipped with granite countertops, a stylish tile backsplash, and stainless steel appliances. The updated bath offers ceramic tile flooring and a clean, modern tub/shower combination. Thoughtful touches like brushed nickel fixtures and ceiling fans in each bedroom add comfort and style. Additional highlights include a private, locked storage unit in the basement, convenient on-site laundry, one assigned rear parking space, and a charming shared courtyard. Immediate occupancy available - don't miss this opportunity to own in one of Birmingham's most desirable locations. (Service pets only. )

15. 2026-04-22
    price $194,900
16. 2026-04-17
    historical $1,750
17. 2026-04-17
    listed $1,750
18. 2026-04-10
    listed $219,900 Active

    Show marketing remark (1152 chars)

    Best-value pricing AND seller-paid incentives! Seller offering 3% toward buyer's closing costs and/or interest rate buy-down with acceptable offer. Incredible value in this beautifully updated Birmingham Village condo - perfect for both owner-occupants and investors. Ideally located just a few blocks from the vibrant heart of Downtown Birmingham, you'll enjoy easy access to dining, shopping, and entertainment. Inside, this move-in-ready home features hardwood flooring throughout the living room, kitchen, and bedrooms. The inviting eat-in kitchen is equipped with granite countertops, a stylish tile backsplash, and stainless steel appliances. The updated bath offers ceramic tile flooring and a clean, modern tub/shower combination. Thoughtful touches like brushed nickel fixtures and ceiling fans in each bedroom add comfort and style. Additional highlights include a private, locked storage unit in the basement, convenient on-site laundry, one assigned rear parking space, and a charming shared courtyard. Immediate occupancy available - don't miss this opportunity to own in one of Birmingham's most desirable locations. (Service pets only. )

19. 2026-04-10
    listed $219,900 Active 1152-char remark

    Show marketing remark (1152 chars)

    Best-value pricing AND seller-paid incentives! Seller offering 3% toward buyer's closing costs and/or interest rate buy-down with acceptable offer. Incredible value in this beautifully updated Birmingham Village condo - perfect for both owner-occupants and investors. Ideally located just a few blocks from the vibrant heart of Downtown Birmingham, you'll enjoy easy access to dining, shopping, and entertainment. Inside, this move-in-ready home features hardwood flooring throughout the living room, kitchen, and bedrooms. The inviting eat-in kitchen is equipped with granite countertops, a stylish tile backsplash, and stainless steel appliances. The updated bath offers ceramic tile flooring and a clean, modern tub/shower combination. Thoughtful touches like brushed nickel fixtures and ceiling fans in each bedroom add comfort and style. Additional highlights include a private, locked storage unit in the basement, convenient on-site laundry, one assigned rear parking space, and a charming shared courtyard. Immediate occupancy available - don't miss this opportunity to own in one of Birmingham's most desirable locations. (Service pets only. )

20. 2026-04-10
    historical

    Show marketing remark (1152 chars)

    Best-value pricing AND seller-paid incentives! Seller offering 3% toward buyer's closing costs and/or interest rate buy-down with acceptable offer. Incredible value in this beautifully updated Birmingham Village condo - perfect for both owner-occupants and investors. Ideally located just a few blocks from the vibrant heart of Downtown Birmingham, you'll enjoy easy access to dining, shopping, and entertainment. Inside, this move-in-ready home features hardwood flooring throughout the living room, kitchen, and bedrooms. The inviting eat-in kitchen is equipped with granite countertops, a stylish tile backsplash, and stainless steel appliances. The updated bath offers ceramic tile flooring and a clean, modern tub/shower combination. Thoughtful touches like brushed nickel fixtures and ceiling fans in each bedroom add comfort and style. Additional highlights include a private, locked storage unit in the basement, convenient on-site laundry, one assigned rear parking space, and a charming shared courtyard. Immediate occupancy available - don't miss this opportunity to own in one of Birmingham's most desirable locations. (Service pets only. )

21. 2026-01-30
    price $219,900
22. 2026-01-30
    price $219,900
23. 2025-12-02
    listed $229,900 Active
24. 2025-12-02
    listed $229,900 Active
25. 2025-01-29
    historical $1,300
26. 2025-01-18
    historical $1,300
27. 2025-01-18
    listed $1,300
28. 2024-12-18
    listed $1,650
29. 2024-09-28
    historical $1,450
30. 2024-09-07
    listed $1,450
31. 2024-03-22
    historical $1,900
32. 2024-03-01
    listed $1,900
33. 2024-02-12
    historical $1,900
34. 2024-01-26
    listed $1,900
35. 2022-02-06
    price $1,450
36. 2017-08-17
    soldstatus $107,000 Closed
37. 2017-08-17
    soldstatus $107,000 Sold
38. 2017-08-09
    status Pending
39. 2017-08-09
    status Pending
40. 2017-08-02
    listed $110,000 Active
41. 2017-08-02
    listed $110,000 Active
42. 2016-08-25
    historical
43. 2016-08-25
    historical
44. 2016-07-08
    listed $125,000 Active
45. 2016-07-07
    listed $125,000 Active
46. 2016-02-29
    historical
47. 2016-02-29
    historical
48. 2016-02-29
    historical
49. 2016-02-29
    historical
50. 2016-02-08
    listed $110,000 Active

ⓘ 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 ≥97°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,935
• − Mortgage interest: −$10,077
• − Property taxes: −$2,698
• − Insurance: −$900
• − Repairs & maintenance: −$2,075
• − Management: −$2,075
• − HOA: −$3,840
• − Depreciation: −$5,233
• Taxable loss: −$964
• Est. tax savings @ 24.0%: +$231
• After-tax cash flow: $1,961/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: Birmingham Public Schools
• NCES district ID: 2605850
• Math proficiency: 58% ▼ -8.00%
• Reading proficiency: 71% ▼ -3.00%
• Median HH income: $110,445
• Composite: 60.54/100
• National rank: #839
• State rank: #18 of 540 in MI

Livability — Birmingham

• Score: 88/100
• State rank: #12
• US rank: #200

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Birmingham, MI
• County: Oakland County · 1,009,092 people
• City population: 21,772
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 21,772
• Household income: $153,401
• Rent vs Own: 22.9% rent · 77.1% own
• Severe rent burden: 476.0

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 (84%)
• Race & ethnicity: White 84% Two or more races 6% Asian 5% Hispanic / Latino 4% Black 4%
• Common ancestry: Romanian 8% Lithuanian 3% Scotch-Irish 3%
• Foreign-born: 10% · Canada, South Korea
• Languages at home: 90% English-only · Other Indo-European 3% Arabic 1% Spanish 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: ▼ -644.58%
• Current HPI: 201.3418
• Rent YoY: ▲ 3.75%
• 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

+32.3% since first listed

97 events — show timeline

• 2026-05-21 Price Changed $179,900 MiRealSource-MiMLS
• 2026-05-21 Price Changed $179,900 REALCOMP
• 2026-05-14 Relisted — MiRealSource-MiMLS
• 2026-05-14 Relisted — REALCOMP
• 2026-05-11 Listing Removed — MiRealSource-MiMLS
• 2026-05-06 Price Changed $185,000 MiRealSource-MiMLS
• 2026-05-05 Price Changed $185,000 REALCOMP
• 2026-04-23 Price Changed $194,900 MiRealSource-MiMLS
• 2026-04-22 Price Changed $194,900 REALCOMP
• 2026-04-17 Rental Removed $1,750 REALCOMP
• 2026-04-17 Listed for Rent $1,750 REALCOMP
• 2026-04-10 Listed $219,900 REALCOMP
• 2026-04-10 Listing Removed — MiRealSource-MiMLS
• 2026-04-10 Listed $219,900 MiRealSource-MiMLS
• 2026-01-30 Price Changed $219,900 MiRealSource-MiMLS
• 2026-01-30 Price Changed $219,900 REALCOMP
• 2025-12-02 Listed $229,900 MiRealSource-MiMLS
• 2025-12-02 Listed $229,900 REALCOMP
• 2025-01-29 Rental Removed $1,300 REALCOMP
• 2025-01-18 Rental Removed $1,300 REALCOMP
• 2025-01-18 Listed for Rent $1,300 REALCOMP
• 2024-12-18 Listed for Rent $1,650 REALCOMP
• 2024-09-28 Rental Removed $1,450 APPFOLIO
• 2024-09-07 Listed for Rent $1,450 APPFOLIO
• 2024-03-22 Rental Removed $1,900 APPFOLIO
• 2024-03-01 Listed for Rent $1,900 APPFOLIO
• 2024-02-12 Rental Removed $1,900 APPFOLIO
• 2024-01-26 Listed for Rent $1,900 APPFOLIO
• 2022-02-06 Price Changed $1,450 RENT.
• 2017-08-17 Sold (MLS) $107,000 MiRealSource-MiMLS
• 2017-08-17 Sold (MLS) $107,000 REALCOMP
• 2017-08-09 Pending — MiRealSource-MiMLS
• 2017-08-09 Pending — REALCOMP
• 2017-08-02 Listed $110,000 MiRealSource-MiMLS
• 2017-08-02 Listed $110,000 REALCOMP
• 2016-08-25 Listing Removed — REALCOMP
• 2016-08-25 Listing Removed — MiRealSource-MiMLS
• 2016-07-08 Listed $125,000 MiRealSource-MiMLS
• 2016-07-07 Listed $125,000 REALCOMP
• 2016-02-29 Listing Removed — REALCOMP
• 2016-02-29 Listing Removed — REALCOMP
• 2016-02-29 Listing Removed — MiRealSource-MiMLS
• 2016-02-29 Listing Removed — MiRealSource-MiMLS
• 2016-02-08 Listed $110,000 MiRealSource-MiMLS
• 2016-02-08 Relisted — REALCOMP
• 2016-02-08 Listed $110,000 REALCOMP
• 2015-11-05 Listing Removed — REALCOMP
• 2015-11-05 Listing Removed — REALCOMP
• 2015-11-05 Listing Removed — MiRealSource-MiMLS
• 2015-09-09 Listed $110,000 REALCOMP
• 2015-09-09 Listed $110,000 MiRealSource-MiMLS
• 2015-09-09 Listed $110,000 REALCOMP
• 2015-09-09 Listed $110,000 MiRealSource-MiMLS
• 2015-07-21 Sold (MLS) $1,400 MiRealSource-MiMLS
• 2015-07-17 Listing Removed — MiRealSource-MiMLS
• 2015-07-10 Listed $1,500 MiRealSource-MiMLS
• 2014-10-27 Sold (MLS) $850 MiRealSource-MiMLS
• 2014-10-23 Listing Removed — MiRealSource-MiMLS
• 2014-10-06 Listed $850 MiRealSource-MiMLS
• 2014-07-17 Sold (MLS) $100,000 MiRealSource-MiMLS
• 2014-07-17 Sold (MLS) $100,000 REALCOMP
• 2014-07-07 Listing Removed — MiRealSource-MiMLS
• 2014-07-02 Listed $99,000 MiRealSource-MiMLS
• 2014-07-02 Listed $99,000 REALCOMP
• 2013-11-18 Sold (MLS) $85,000 MiRealSource-MiMLS
• 2013-11-18 Sold (MLS) $85,000 REALCOMP
• 2013-08-21 Listing Removed — MiRealSource-MiMLS
• 2013-08-21 Listing Removed — REALCOMP
• 2013-03-05 Listed $115,000 MiRealSource-MiMLS
• 2013-03-05 Listed $115,000 REALCOMP
• 2012-11-29 Sold (MLS) $75,000 MiRealSource-MiMLS
• 2012-11-05 Listing Removed — MiRealSource-MiMLS
• 2012-08-07 Listed $84,900 MiRealSource-MiMLS
• 2009-01-16 Sold (MLS) $35,000 MiRealSource-MiMLS
• 2008-12-15 Listing Removed — MiRealSource-MiMLS
• 2008-10-30 Sold (MLS) $32,000 REALCOMP
• 2008-10-16 Listed $47,000 MiRealSource-MiMLS
• 2008-08-29 Listed $49,900 REALCOMP
• 2008-07-29 Sold (MLS) $50,000 REALCOMP
• 2008-03-27 Listed $54,900 REALCOMP
• 2007-08-30 Listing Removed — REALCOMP
• 2007-06-27 Listing Removed — MiRealSource-MiMLS
• 2007-05-17 Listed $139,900 MiRealSource-MiMLS
• 2007-01-31 Listing Removed — MiRealSource-MiMLS
• 2007-01-31 Listing Removed — MiRealSource-MiMLS
• 2007-01-31 Listing Removed — MiRealSource-MiMLS
• 2007-01-31 Listing Removed — MiRealSource-MiMLS
• 2007-01-31 Listing Removed — MiRealSource-MiMLS
• 2007-01-31 Listed $136,000 REALCOMP
• 2006-12-31 Listing Removed — MiRealSource-MiMLS
• 2006-10-19 Listing Removed — REALCOMP
• 2006-09-22 Listed $875 MiRealSource-MiMLS
• 2006-09-22 Listed $975 MiRealSource-MiMLS
• 2006-08-30 Listing Removed — MiRealSource-MiMLS
• 2006-06-20 Listed $164,900 REALCOMP
• 2006-06-14 Listed $149,900 MiRealSource-MiMLS
• 2006-06-05 Listed $136,000 MiRealSource-MiMLS