8029 Roosevelt St · Taylor, MI 48180

$189,900

3 bd · 1.0 ba · 957 sqft · SingleFamily public records · 20 Days on market

Built 1954 5,663 sqft lot Est $175k · 8% over

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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 +14.5/30.0
• DSCR +4.4/10.0
• Livability +3.8/5.0
• ARV discount +3.7/15.0
• Rent growth +3.7/5.0
• 1% rule +3.2/10.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Attention homebuyers!! Here's your chance to own a stunning, remodeled property listed at an unbeatable price of just $189,900! Imagine stepping into a home that shines with brand new luxury vinyl plank flooring and a bright, welcoming ambiance thanks to recessed lighting. The modern kitchen features elegant granite countertops, giving the home an elegant touch. But the crown jewel of this home is its new ceramic bathroom. Picture yourself unwinding in this stylish, featuring exquisite tile work and a chic vanity - your personal sanctuary after a busy day. And that's not all! Benefit from the convenience of New exterior upgrades such as vinyl siding, double hung vinyl windows and new cement work, there is also a two-car detached garage, providing plenty of storage and parking space. This move-in-ready home is an exceptional opportunity you won't want to miss. Act fast and schedule your viewing today to experience everything this remarkable property has to offer! ALL DATA PROVIDED IS APPROX. INFO DEEMED RELIABLE BUT NOT GUARANTEED. BATVAI. Licensed Real Estate Agent Must Be Present For All Showings. Seller Is A Licensed Real Estate Agent In The State Of Michigan.

Key facts

• Exquisite tile work
• New ceramic bathroom
• Remodeled property

Tags

• REMODELED PROPERTY
• LUXURY VINYL PLANK FLOORING
• RECESSED LIGHTING
• GRANITE COUNTERTOPS
• NEW CERAMIC BATHROOM
• EXQUISITE TILE WORK

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $190k.

Deal economics

• At list price, monthly cash flow is $41 ($490/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $155k (18.4% below list).
• Recommended offer: $155k (18.4% below list) — sets the bar for 1% rule.
• Cap rate 6.6% vs local median 5.4% in Taylor — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 76/100 on livability (#144 in MI, #3,684 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: employment D+, schools F, crime F.
• Taylor School District (urban): math 14% / reading 27% proficiency, ranked #462 of 540 in MI (top 86%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+4.9%/yr); 281 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals leasing fast (median 0d on market — plan ~1-2 weeks tenant-placement turnaround); 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• This rent runs 30% of the median local income ($61k/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 $6k 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.

Negotiation context

• It's been on market 20 days — a 2% lower offer ($187k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 26y 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 $122k; list at $190k implies a 55% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1954 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $154,968 (18.4% below list)

Questions for the listing agent

1. Built in 1954 — 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 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?
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 0.82% ✗
• Cap rate: 6.55%
• Cash-on-cash: 0.92%
• DSCR: 1.04
• GRM: 10.2

CMA / ARV

• ARV (on-the-fly): $175,131
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8019 Roosevelt St	0.00mi	3/1.0	957 (0%)	3mo	$175,100	$183	98
7866 Dudley St	0.18mi	3/1.0	957 (0%)	5mo	$172,900	$181	87
8003 Roosevelt St	0.02mi	3/1.0	1,029 (+8%)	1mo	$195,000	$190	86
22324 Wohlfeil St	0.21mi	2/2.0 (-1)	948 (-1%)	5mo	$190,000	$200	76
7235 Mortenview Dr	0.53mi	3/1.0	946 (-1%)	4mo	$169,900	$180	70
8339 Birch St	0.55mi	3/1.0	994 (+4%)	1mo	$142,000	$143	67
23628 Champaign St	0.75mi	3/1.0	949 (-1%)	4mo	$174,000	$183	61
6731 Harding St	0.73mi	3/1.0	1,001 (+5%)	5mo	$184,000	$184	54
8910 Mason St	0.61mi	3/1.0	1,053 (+10%)	5mo	$145,000	$138	51
7166 Pardee Rd	0.58mi	2/1.0 (-1)	850 (-11%)	1mo	$73,000	$86	48
21144 Pinecrest St	0.67mi	3/1.0	1,074 (+12%)	1mo	$135,000	$126	48
7140 Elm St	0.70mi	3/1.0	851 (-11%)	3mo	$165,000	$194	46

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 · 4.9% rent growth · sell at horizon

5-year hold

• IRR: -12.9%
• Equity multiple: 0.53×
• Total profit: $-25,207
• Equity at exit: $28,315

10-year hold

• IRR: -1.5%
• Equity multiple: 0.89×
• Total profit: $-5,949
• Equity at exit: $16,419

Cash invested: $53,172 (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 48180

• Rents YoY: 4.9%
• Active inventory: 281
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $1,550 high
• Mortgage (P&I): −$996
• Tax from tax record: −$108 /mo · $1,301/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$325
• Net cashflow: $41

Break-even live

Break-even rent $1,498

Max offer price $189,900

Occupancy floor 92%

Sensitivity live

Price	-10% $148	-5% $95	+0% $41	+5% $-13	+10% $-67
Rent	-10% $-82	-5% $-20	+0% $41	+5% $102	+10% $163
Rate	-1.0pp $136	-0.5pp $89	base $41	+0.5pp $-8	+1.0pp $-58

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: $47,475
• Closing costs: $5,697
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7873 Syracuse St Taylor, MI	2.0	1.0	728	$1,400	$1.92	44d	1	0.77mi
9620 Elm St Taylor, MI	2.0	1.0	800	$1,470	$1.84	0d	3	1.06mi
24268 Haskell St Taylor, MI	1.0–2.0	1.0	880	$1,570	$1.78	0d	7	1.17mi
9918 Allen Pointe Dr Allen Park, MI	1.0–2.0	1.0–2.0	678	$1,125	$1.66	13d	1	1.45mi
23060 Bernard St Taylor, MI	2.0	1.0	836	$1,400	$1.67	2d	1	1.48mi
23060 Bernard St Unit Upper Unit Taylor, MI	2.0	1.0	922	$1,400	$1.52	0d	1	1.48mi
23060 Bernard St Taylor, MI	3.0	1.0	1086	$1,600	$1.47	0d	1	1.48mi

Listing history 25 events

1. 2026-02-16
   status Pending 1180-char remark

   Show marketing remark (1180 chars)

   Attention homebuyers!! Here's your chance to own a stunning, remodeled property listed at an unbeatable price of just $189,900! Imagine stepping into a home that shines with brand new luxury vinyl plank flooring and a bright, welcoming ambiance thanks to recessed lighting. The modern kitchen features elegant granite countertops, giving the home an elegant touch. But the crown jewel of this home is its new ceramic bathroom. Picture yourself unwinding in this stylish, featuring exquisite tile work and a chic vanity - your personal sanctuary after a busy day. And that's not all! Benefit from the convenience of New exterior upgrades such as vinyl siding, double hung vinyl windows and new cement work, there is also a two-car detached garage, providing plenty of storage and parking space. This move-in-ready home is an exceptional opportunity you won't want to miss. Act fast and schedule your viewing today to experience everything this remarkable property has to offer! ALL DATA PROVIDED IS APPROX. INFO DEEMED RELIABLE BUT NOT GUARANTEED. BATVAI. Licensed Real Estate Agent Must Be Present For All Showings. Seller Is A Licensed Real Estate Agent In The State Of Michigan.

2. 2026-02-16
   status Pending

   Show marketing remark (1180 chars)

   Attention homebuyers!! Here's your chance to own a stunning, remodeled property listed at an unbeatable price of just $189,900! Imagine stepping into a home that shines with brand new luxury vinyl plank flooring and a bright, welcoming ambiance thanks to recessed lighting. The modern kitchen features elegant granite countertops, giving the home an elegant touch. But the crown jewel of this home is its new ceramic bathroom. Picture yourself unwinding in this stylish, featuring exquisite tile work and a chic vanity - your personal sanctuary after a busy day. And that's not all! Benefit from the convenience of New exterior upgrades such as vinyl siding, double hung vinyl windows and new cement work, there is also a two-car detached garage, providing plenty of storage and parking space. This move-in-ready home is an exceptional opportunity you won't want to miss. Act fast and schedule your viewing today to experience everything this remarkable property has to offer! ALL DATA PROVIDED IS APPROX. INFO DEEMED RELIABLE BUT NOT GUARANTEED. BATVAI. Licensed Real Estate Agent Must Be Present For All Showings. Seller Is A Licensed Real Estate Agent In The State Of Michigan.

3. 2026-01-27
   listed $189,900 Active 1180-char remark

   Show marketing remark (1180 chars)

   Attention homebuyers!! Here's your chance to own a stunning, remodeled property listed at an unbeatable price of just $189,900! Imagine stepping into a home that shines with brand new luxury vinyl plank flooring and a bright, welcoming ambiance thanks to recessed lighting. The modern kitchen features elegant granite countertops, giving the home an elegant touch. But the crown jewel of this home is its new ceramic bathroom. Picture yourself unwinding in this stylish, featuring exquisite tile work and a chic vanity - your personal sanctuary after a busy day. And that's not all! Benefit from the convenience of New exterior upgrades such as vinyl siding, double hung vinyl windows and new cement work, there is also a two-car detached garage, providing plenty of storage and parking space. This move-in-ready home is an exceptional opportunity you won't want to miss. Act fast and schedule your viewing today to experience everything this remarkable property has to offer! ALL DATA PROVIDED IS APPROX. INFO DEEMED RELIABLE BUT NOT GUARANTEED. BATVAI. Licensed Real Estate Agent Must Be Present For All Showings. Seller Is A Licensed Real Estate Agent In The State Of Michigan.

4. 2026-01-27
   listed $189,900 Active

   Show marketing remark (1180 chars)

   Attention homebuyers!! Here's your chance to own a stunning, remodeled property listed at an unbeatable price of just $189,900! Imagine stepping into a home that shines with brand new luxury vinyl plank flooring and a bright, welcoming ambiance thanks to recessed lighting. The modern kitchen features elegant granite countertops, giving the home an elegant touch. But the crown jewel of this home is its new ceramic bathroom. Picture yourself unwinding in this stylish, featuring exquisite tile work and a chic vanity - your personal sanctuary after a busy day. And that's not all! Benefit from the convenience of New exterior upgrades such as vinyl siding, double hung vinyl windows and new cement work, there is also a two-car detached garage, providing plenty of storage and parking space. This move-in-ready home is an exceptional opportunity you won't want to miss. Act fast and schedule your viewing today to experience everything this remarkable property has to offer! ALL DATA PROVIDED IS APPROX. INFO DEEMED RELIABLE BUT NOT GUARANTEED. BATVAI. Licensed Real Estate Agent Must Be Present For All Showings. Seller Is A Licensed Real Estate Agent In The State Of Michigan.

5. 2025-09-16
   soldstatus $122,500
6. 2008-08-18
   soldstatus $31,125 397-char remark

   Show marketing remark (397 chars)

   HUD HOME. SOLD 'AS IS' BY ELEC BID ONLY. FOR PROP. CONDITIONS, FORMS, DISCL, AVAIL & OWNER OCCUPANT INCENTIVES SEE WEBSITE IN AGENT REMARKS * . FHA CASE #261-864112. INSURED W ESCROW REPAIRS $4,950. BIDS DUE BY 07-01-08 11:59 PM OR DAILY UNTIL SOLD. MCB MAKES NO WARRANTY AS TO CURRENT OR FUTURE EXISTENCE OF MOLD IN THIS PROPERTY AND IS NOT LIABLE FOR THE POTENTIAL HARMFUL EFFECTS THEREOF.

7. 2008-08-18
   soldstatus $31,125

   Show marketing remark (397 chars)

   HUD HOME. SOLD 'AS IS' BY ELEC BID ONLY. FOR PROP. CONDITIONS, FORMS, DISCL, AVAIL & OWNER OCCUPANT INCENTIVES SEE WEBSITE IN AGENT REMARKS * . FHA CASE #261-864112. INSURED W ESCROW REPAIRS $4,950. BIDS DUE BY 07-01-08 11:59 PM OR DAILY UNTIL SOLD. MCB MAKES NO WARRANTY AS TO CURRENT OR FUTURE EXISTENCE OF MOLD IN THIS PROPERTY AND IS NOT LIABLE FOR THE POTENTIAL HARMFUL EFFECTS THEREOF.

8. 2008-07-02
   historical
9. 2008-06-27
   listed $30,550 397-char remark

   Show marketing remark (397 chars)

   HUD HOME. SOLD 'AS IS' BY ELEC BID ONLY. FOR PROP. CONDITIONS, FORMS, DISCL, AVAIL & OWNER OCCUPANT INCENTIVES SEE WEBSITE IN AGENT REMARKS * . FHA CASE #261-864112. INSURED W ESCROW REPAIRS $4,950. BIDS DUE BY 07-01-08 11:59 PM OR DAILY UNTIL SOLD. MCB MAKES NO WARRANTY AS TO CURRENT OR FUTURE EXISTENCE OF MOLD IN THIS PROPERTY AND IS NOT LIABLE FOR THE POTENTIAL HARMFUL EFFECTS THEREOF.

10. 2008-06-27
    listed $30,550

    Show marketing remark (397 chars)

    HUD HOME. SOLD 'AS IS' BY ELEC BID ONLY. FOR PROP. CONDITIONS, FORMS, DISCL, AVAIL & OWNER OCCUPANT INCENTIVES SEE WEBSITE IN AGENT REMARKS * . FHA CASE #261-864112. INSURED W ESCROW REPAIRS $4,950. BIDS DUE BY 07-01-08 11:59 PM OR DAILY UNTIL SOLD. MCB MAKES NO WARRANTY AS TO CURRENT OR FUTURE EXISTENCE OF MOLD IN THIS PROPERTY AND IS NOT LIABLE FOR THE POTENTIAL HARMFUL EFFECTS THEREOF.

11. 2008-04-07
    historical
12. 2008-04-03
    historical
13. 2007-11-09
    listed $69,091
14. 2007-11-09
    listed $81,284
15. 2004-01-28
    soldstatus $111,500
16. 2003-11-24
    soldstatus $111,500
17. 2003-11-24
    soldstatus $111,500
18. 2003-11-08
    historical
19. 2003-08-08
    listed $112,900
20. 2003-08-07
    listed $112,900
21. 2000-06-23
    soldstatus $85,000
22. 2000-05-18
    soldstatus $85,000
23. 2000-05-18
    soldstatus $85,000
24. 2000-04-06
    listed $85,000
25. 2000-04-06
    listed $85,000

ⓘ 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: $1,301 · $108/mo
• Projected year-2 tax: $2,113 · $176/mo
• Expected delta: +$812/yr (+$68/mo · 62.4%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 3/10 Moderate FEMA zone X (unshaded) · 20% 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 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,596
• − Mortgage interest: −$10,637
• − Property taxes: −$1,301
• − Insurance: −$950
• − Repairs & maintenance: −$1,488
• − Management: −$1,488
• − Depreciation: −$5,524
• Taxable loss: −$2,791
• Est. tax savings @ 24.0%: +$670
• After-tax cash flow: $1,160/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: Taylor School District
• NCES district ID: 2633540
• Math proficiency: 14% ▼ -7.00%
• Reading proficiency: 27% ▼ -4.00%
• Median HH income: $43,062
• Composite: 17.62/100
• National rank: #9034
• State rank: #462 of 540 in MI

Livability — Taylor

• Score: 76/100
• State rank: #144
• US rank: #3684

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Taylor, MI
• County: Wayne County · 1,562,939 people
• City population: 62,081
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 62,081
• Household income: $61,081
• Rent vs Own: 33.3% rent · 66.7% own
• Severe rent burden: 1957.0

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: Majority White (65%)
• Race & ethnicity: White 65% Black 19% Two or more races 9% Hispanic / Latino 9% Asian 2%
• Hispanic origin (detail): Mexican 6% Puerto Rican 2%
• Common ancestry: Romanian 8% Lithuanian 3% Slovak 2%
• Foreign-born: 7% · Canada
• Languages at home: 89% English-only · Spanish 4% Arabic 3% Other Indo-European 3%

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: ▼ -212.33%
• Current HPI: 228.921
• Rent YoY: ▲ 4.90%
• 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

+123.4% since first listed

25 events — show timeline

• 2026-02-16 Pending — MiRealSource-MiMLS
• 2026-02-16 Pending — REALCOMP
• 2026-01-27 Listed $189,900 REALCOMP
• 2026-01-27 Listed $189,900 MiRealSource-MiMLS
• 2025-09-16 Sold (Public Records) $122,500 Public Records
• 2008-08-18 Sold (MLS) $31,125 MiRealSource-MiMLS
• 2008-08-18 Sold (MLS) $31,125 REALCOMP
• 2008-07-02 Listing Removed — MiRealSource-MiMLS
• 2008-06-27 Listed $30,550 MiRealSource-MiMLS
• 2008-06-27 Listed $30,550 REALCOMP
• 2008-04-07 Listing Removed — MiRealSource-MiMLS
• 2008-04-03 Listing Removed — REALCOMP
• 2007-11-09 Listed $81,284 REALCOMP
• 2007-11-09 Listed $69,091 MiRealSource-MiMLS
• 2004-01-28 Sold (Public Records) $111,500 Public Records
• 2003-11-24 Sold (MLS) $111,500 REALCOMP
• 2003-11-24 Sold (MLS) $111,500 MiRealSource-MiMLS
• 2003-11-08 Listing Removed — MiRealSource-MiMLS
• 2003-08-08 Listed $112,900 REALCOMP
• 2003-08-07 Listed $112,900 MiRealSource-MiMLS
• 2000-06-23 Sold (Public Records) $85,000 Public Records
• 2000-05-18 Sold (MLS) $85,000 MiRealSource-MiMLS
• 2000-05-18 Sold (MLS) $85,000 REALCOMP
• 2000-04-06 Listed $85,000 MiRealSource-MiMLS
• 2000-04-06 Listed $85,000 REALCOMP

Property tax history

-1.3%/yr

Latest (2025): $1,301 · -8.8% YoY. Source: county tax records.