7067 Chalmers Ave Ave · Warren, MI 48091

$139,900

4 bd · 1.0 ba · 1,170 sqft · SingleFamily public records · 16 Days on market

Built 1940 4,346 ac lot Est $145k · at est.

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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 +21.3/30.0
• ARV discount +9.1/15.0
• DSCR +6.8/10.0
• 1% rule +5.5/10.0
• Livability +3.7/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Come check out this cute home in Warren. This 3 bedroom 3 bathroom house is great for a first-time home buyer, investor or a family looking for more space. 2 car garage with plenty of space.

Key facts

• 4346 acre lot
• 2 garage spots
• Built 1940

Property features AI

Finance

• Other: Above-grade finished area approximately 1,170 (units recorded as square feet); Lot size recorded as 0.10 (4,346 sq ft); Listing broker: The Agency of Gateway
• HOA & community: Homeowners association present

Exterior

• Parking: Detached 2-car garage
• Utilities: Public water; Public sewer available
• Home design: Single-family residence; Two-story home; Residential property
• Construction: Vinyl siding construction
• Exterior features: Lot in PIPERS VAN DYKE SUB4 subdivision; Cross streets: Peters Ave and Memphis Ave

Interior

• Bathrooms: Three full bathrooms
• Heating & cooling: Forced air heating (natural gas); No central cooling reported
• Interior features: Basement present; Total of 4 rooms

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $204 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $140k).
• Recommended offer: $138k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.0% vs local median 5.3% in Warren — 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 74/100 on livability (#171 in MI, #4,491 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: schools D, amenities D, employment D.
• Van Dyke Public Schools (urban): math 7% / reading 19% proficiency, ranked #512 of 540 in MI (top 95%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 80% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+2.4%/yr); 168 active listings in the ZIP; 32 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); 1,321 units permitted in Macomb County in 2024 (86 in 5+ unit buildings).
• This rent runs 33% of the median local income ($54k/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 $967 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Macomb County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($138k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 17y 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 $70k; list at $140k implies a 100% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $137,801 (1.5% below list)

Questions for the listing agent

1. Built in 1940 — 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 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?
4. Crime grade is D 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. 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: 1.05% ✓
• Cap rate: 8.04%
• Cash-on-cash: 6.24%
• DSCR: 1.28
• GRM: 7.9

CMA / ARV

• ARV (on-the-fly): $145,080
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7052 Studebaker Ave	0.03mi	3/2.0 (-1)	1,242 (+6%)	1mo	$152,500	$123	78
7027 Meadow Ave	0.16mi	3/1.0 (-1)	1,112 (-5%)	5mo	$76,000	$68	75
7259 Packard Ave	0.16mi	3/1.5 (-1)	1,089 (-7%)	2mo	$160,000	$147	72
7051 Maxwell Ave	0.35mi	3/1.0 (-1)	1,234 (+6%)	3mo	$135,000	$109	67
7519 Packard Ave	0.19mi	3/2.0 (-1)	1,291 (+10%)	3mo	$224,500	$174	62
7035 Dodge Ave	0.40mi	3/1.0 (-1)	1,056 (-10%)	1mo	$84,000	$80	59
7244 Fisher Ave	0.43mi	4/1.0	1,014 (-13%)	3mo	$154,900	$153	56
8268 Hudson Ave	0.46mi	3/2.0 (-1)	1,258 (+8%)	2mo	$145,000	$115	55
8316 Hudson Ave	0.50mi	3/1.0 (-1)	1,300 (+11%)	1mo	$94,000	$72	52
8286 Westminster Ave	0.60mi	3/2.5 (-1)	1,250 (+7%)	2mo	$250,000	$200	48
8244 Hupp Ave	0.46mi	3/2.0 (-1)	1,300 (+11%)	3mo	$188,500	$145	48
8434 Orchard Ave	0.57mi	3/1.0 (-1)	1,012 (-14%)	1mo	$125,000	$124	45

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 · 2.35% rent growth · sell at horizon

5-year hold

• IRR: -7.4%
• Equity multiple: 0.73×
• Total profit: $-10,629
• Equity at exit: $20,860

10-year hold

• IRR: 1.4%
• Equity multiple: 1.09×
• Total profit: $3,656
• Equity at exit: $12,096

Cash invested: $39,172 (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 48091

• Rents YoY: 2.4%
• Active inventory: 168
• Price-to-rent: 7.9×

Monthly cashflow live

• Estimated rent: $1,473 high
• Mortgage (P&I): −$734
• Tax from tax record: −$168 /mo · $2,015/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$309
• Net cashflow: $204

Break-even live

Break-even rent $1,215

Max offer price $139,900

Occupancy floor 81%

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: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Rent comps 32 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7511 Toepfer Rd Warren, MI	3.0	1.0	1032	$1,199	$1.16	21d	1	0.14mi
7568 Hudson Ave Unit 1 Warren, MI	3.0	1.0	1415	$1,100	$0.78	4d	1	0.18mi
7060 Victory Ave Warren, MI	3.0	1.0	945	$1,450	$1.53	11d	1	0.28mi
8251 Hudson Ave Warren, MI	3.0	1.0	908	$1,400	$1.54	24d	1	0.45mi
8632 Studebaker Ave Warren, MI	3.0	1.0	761	$1,300	$1.71	2d	1	0.68mi
8242 Jackson Ave Warren, MI	3.0	1.0	840	$1,198	$1.43	43d	1	0.69mi
8640 Chalmers Ave Warren, MI	3.0	1.0	804	$1,423	$1.77	24d	1	0.69mi
8285 Rivard Ave Warren, MI	3.0	1.0	902	$1,549	$1.72	24d	1	0.73mi
7256 Ready Ave Warren, MI	3.0	2.0	1300	$1,500	$1.15	24d	1	0.76mi
8125 Timken Ave Warren, MI	3.0	1.0	948	$1,270	$1.34	4d	1	0.78mi
8509 Paige Ave Warren, MI	3.0	1.0	950	$1,300	$1.37	24d	1	0.79mi
21456 Syracuse Ave Warren, MI	3.0	1.0	1160	$1,595	$1.38	43d	1	0.83mi
21456 Syracuse Ave Warren, MI	3.0	1.0	1152	$1,595	$1.38	1d	1	0.83mi
21465 Syracuse Ave Warren, MI	3.0	1.0	990	$1,375	$1.39	43d	1	0.85mi
8428 Timken Ave Warren, MI	3.0	1.0	860	$1,250	$1.45	24d	1	0.87mi
11076 Hudson Ave Warren, MI	3.0	1.0	936	$1,395	$1.49	2d	1	0.87mi
8693 Paige Ave Warren, MI	3.0	1.0	900	$1,300	$1.44	24d	1	0.88mi
8707 Continental Ave Warren, MI	3.0	1.0	1100	$1,200	$1.09	4d	1	0.93mi
8707 Continental Ave Warren, MI	3.0	1.0	968	$1,200	$1.24	17d	1	0.93mi
22622 Panama Ave Warren, MI	3.0	1.5	920	$1,395	$1.52	10d	1	0.94mi
21410 Panama St Warren, MI	3.0	1.0	900	$1,600	$1.78	24d	1	0.95mi
20042 Rogge St Detroit, MI	4.0	2.0	1232	$1,394	$1.13	43d	1	0.95mi
8716 Timken Ave Warren, MI	3.0	1.0	1008	$1,400	$1.39	24d	1	1.02mi
11319 Chalmers Ave Warren, MI	3.0	1.0	975	$1,500	$1.54	24d	1	1.03mi
11076 Essex Ave Warren, MI	4.0	1.0	1072	$1,400	$1.31	43d	1	1.13mi
11377 Sherman Ave Warren, MI	3.0	1.0	1200	$1,400	$1.17	24d	1	1.14mi
20263 Caldwell St Detroit, MI	3.0	1.0	909	$1,350	$1.49	16d	1	1.17mi
11332 Republic Ave Warren, MI	3.0	1.0	1140	$1,500	$1.32	24d	1	1.18mi
20794 Audrey Ave Warren, MI	3.0	1.0	954	$1,350	$1.42	43d	1	1.26mi
22580 Masch Ave Warren, MI	3.0	1.0	988	$1,450	$1.47	24d	1	1.32mi
20058 Bloom St Detroit, MI	4.0	1.0	1350	$1,450	$1.07	16d	1	1.33mi
19415 Gable St Detroit, MI	3.0	1.0	1000	$1,373	$1.37	24d	1	1.46mi

Listing history 13 events

1. 2026-06-18
   price $139,900 Active 16 DOM
2. 2026-06-18
   days on market $145,000 Active 16 DOM
3. 2026-06-17
   days on market $145,000 Active 15 DOM
4. 2026-06-16
   days on market $145,000 Active 14 DOM
5. 2026-06-15
   days on market $145,000 Active 13 DOM
6. 2026-06-13
   days on market $145,000 Active 11 DOM
7. 2026-06-13
   days on market $145,000 Active 10 DOM
8. 2026-06-09
   days on market $145,000 Active 7 DOM
9. 2026-06-08
   days on market $145,000 Active 6 DOM
10. 2026-06-07
    days on market $145,000 Active 5 DOM
11. 2026-06-04
    days on market $145,000 Active 2 DOM
12. 2026-06-02
    remarks 190-char remark

    Show marketing remark (190 chars)

    Come check out this cute home in Warren. This 3 bedroom 3 bathroom house is great for a first-time home buyer, investor or a family looking for more space. 2 car garage with plenty of space.

13. 2026-06-02
    listed $145,000 Active 1 DOM

    Show marketing remark (190 chars)

    Come check out this cute home in Warren. This 3 bedroom 3 bathroom house is great for a first-time home buyer, investor or a family looking for more space. 2 car garage with plenty of space.

ⓘ 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: $2,015 · $168/mo
• Projected year-2 tax: $2,085 · $174/mo
• Expected delta: +$70/yr (+$6/mo · 3.5%)

ⓘ 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 3/10 Moderate 7 d/yr ≥97°F today · 15 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,676
• − Mortgage interest: −$7,837
• − Property taxes: −$2,015
• − Insurance: −$700
• − Repairs & maintenance: −$1,414
• − Management: −$1,414
• − Depreciation: −$4,070
• Taxable income: $227
• Est. tax owed @ 24.0%: −$54
• After-tax cash flow: $2,391/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: Van Dyke Public Schools
• NCES district ID: 2634680
• Math proficiency: 7% ▼ -11.00%
• Reading proficiency: 19% ▼ -5.00%
• Median HH income: $33,231
• Composite: 10.46/100
• National rank: #9784
• State rank: #512 of 540 in MI

Livability — Warren

• Score: 74/100
• State rank: #171
• US rank: #4491

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Warren, MI
• County: Macomb County · 638,552 people
• City population: 114,937
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 30,696
• Household income: $54,230
• Rent vs Own: 35.1% rent · 64.9% own
• Severe rent burden: 1296.0

Population outlook (Macomb County) Hauer SSP2

• Today (2025): 925,296 people
• By 2030: 948,226 · +2.5%
• By 2040: 983,961 · +6.3%
• By 2050: 1,010,200 · +9.2%
• By 2075: 1,076,222 · +16.3%
• By 2100: 1,077,065 · +16.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.68)
• Race & ethnicity: White 47% Black 25% Asian 19% Two or more races 5% Hispanic / Latino 3% Native American 2%
• Common ancestry: Romanian 7% Lithuanian 2% Slovak 1%
• Foreign-born: 16% · Canada
• Languages at home: 77% English-only · Other Indo-European 14% Other Asian/Pacific 3% Russian/Polish/Slavic 2%

Political lean MEDSL · Macomb

• 2024 margin: R (+13.7) · D 42.2% · R 55.9% · Other 1.9%
• 2008→2024 swing: -22.3pp toward R · 2008: 8.6pp · 2024: -13.7pp
• All cycles: 2024: R+13.7 2020: R+8.1 2016: R+11.6 2012: D+4.0 2008: D+8.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -199.66%
• Current HPI: 177.9273
• Rent YoY: ▲ 2.35%
• 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

+417.9% since first listed

25 events — show timeline

• 2026-06-02 Listed $145,000 MiRealSource-MiMLS
• 2026-06-02 Listed $145,000 REALCOMP
• 2018-10-01 Sold (Public Records) $70,000 Public Records
• 2018-09-27 Sold (MLS) $70,000 REALCOMP
• 2018-08-25 Pending — MiRealSource-MiMLS
• 2018-08-25 Pending — REALCOMP
• 2018-08-14 Price Changed $70,000 MiRealSource-MiMLS
• 2018-08-13 Price Changed $70,000 REALCOMP
• 2018-08-01 Listing Removed — REALCOMP
• 2018-08-01 Listing Removed — MiRealSource-MiMLS
• 2018-07-31 Listed $75,000 MiRealSource-MiMLS
• 2018-07-31 Listed $75,000 MiRealSource-MiMLS
• 2018-07-31 Listed $75,000 REALCOMP
• 2018-07-31 Listed $75,000 REALCOMP
• 2010-05-19 Sold (MLS) $15,000 REALCOMP
• 2010-04-01 Listed $25,000 REALCOMP
• 2010-04-01 Listing Removed — MiRealSource-MiMLS
• 2010-03-31 Listing Removed — REALCOMP
• 2009-09-24 Listed $28,000 REALCOMP
• 2009-09-24 Listed $28,000 MiRealSource-MiMLS
• 2009-08-07 Sold (MLS) $20,000 MiRealSource-MiMLS
• 2009-08-07 Sold (MLS) $20,000 REALCOMP
• 2009-07-01 Listing Removed — MiRealSource-MiMLS
• 2009-06-07 Listed $28,000 MiRealSource-MiMLS
• 2009-06-07 Listed $28,000 REALCOMP

Property tax history

+6.4%/yr

Latest (2025): $2,015 · +2.5% YoY. Source: county tax records.