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6003 Esther Not Applicable
B- Composite 65.32
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
  • Livability +3.0/5.0
  • Rent growth +2.5/5.0
  • Schools +1.3/10.0
  • Condition / age +1.0/5.0
  • Appreciation +0.0/10.0

$41,100

6003 Esther Not Applicable · Romulus, MI 48174
3 bd · 1.0 ba · 1,680 sqft · Manufactured · 782 Days on market
Built 2024 Poor condition

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

* THIS IS A RESALE LISTING * You'll love living in this 3 bedroom, 1.5 bathroom home within a wonderful family-friendly community. Check out the awesome amenities your community has to offer such as a basketball court, a clubhouse, a picnic area / pavilion / grill, and more! This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

Key facts

  • Picnic area
  • Community management
  • Clubhouse

Tags

SWIMMING POOLCLUBHOUSEPICNIC AREACOMMUNITY MANAGEMENT

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/1.0-bath manufactured listed at $41k. Condition is rated poor.

Deal economics

  • At list price, monthly cash flow is $952 ($11k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $41k).
  • Recommended offer: $36k (12.0% below list) — sets the bar for market timing.
  • Cap rate 34.1% vs local median 4.2% in Romulus — 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 60/100 on livability (#593 in MI) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: commute D+, schools F, crime F.
  • Romulus Community Schools (suburban): math 9% / reading 21% proficiency, ranked #498 of 540 in MI (top 92%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 69% free/reduced lunch — lower-income household profile, screen leases tightly.
  • Market conditions: 215 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 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 $284 of loan paydown is wiped out by about $1k 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 + 3.0% rent growth), your $12k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 782 days — a 12% lower offer ($36k) is reasonable based on typical stale-listing flexibility.
  • 18 sale attempts since 2y 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.
Recommended offer $36,168 (12.0% below list)

Questions for the listing agent

  1. It's been on market 782 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
  2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
  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
3.81%
Cap rate
34.09%
Cash-on-cash
99.27%
DSCR
5.42
GRM
2.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold
IRR
Equity multiple
5.69×
Total profit
$53,999
Equity at exit
$6,128
10-year hold
IRR
Equity multiple
11.88×
Total profit
$125,195
Equity at exit
$3,554

Cash invested: $11,508 (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.

ZIP-level market 48174

Active inventory
215
Price-to-rent
2.2×

Monthly cashflow live

Estimated rent
$1,565 medium interval (Pro) →
Mortgage (P&I)
$216
Tax est. 1.5%
$51 /mo · $616/yr
Insurance
$17
HOA
$0
Vacancy / Maint / Mgmt
$329
Net cashflow
$952

Break-even live

Break-even rent $360
Max offer price $41,100
Occupancy floor 34%

Sensitivity live

Price -10% $980 -5% $966 +0% $952 +5% $938 +10% $924
Rent -10% $828 -5% $890 +0% $952 +5% $1,014 +10% $1,076
Rate -1.0pp $973 -0.5pp $962 base $952 +0.5pp $941 +1.0pp $931

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
$10,275
Closing costs
$1,233
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 2 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
26274 McDonald St Dearborn Heights, MI 3.0 1.0 1365 $1,575 $1.15 0d 1 1.42mi
3236 Walnut St Inkster, MI 3.0 1.0 1096 $1,495 $1.36 0d 1 1.44mi

Listing history 49 events

  1. 2026-06-18
    days on market $41,100 Active 782 DOM
  2. 2026-06-17
    days on market $41,100 Active 781 DOM
  3. 2026-06-16
    days on market $41,100 Active 780 DOM
  4. 2026-06-15
    days on market $41,100 Active 779 DOM
  5. 2026-06-13
    days on market $41,100 Active 777 DOM
  6. 2026-06-13
    days on market $41,100 Active 776 DOM
  7. 2026-06-09
    days on market $41,100 Active 773 DOM
  8. 2026-06-08
    days on market $41,100 Active 772 DOM
  9. 2026-06-07
    days on market $41,100 Active 771 DOM
  10. 2026-06-04
    days on market $41,100 Active 768 DOM
  11. 2026-06-03
    days on market $41,100 Active 767 DOM
  12. 2026-06-02
    days on market $41,100 Active 766 DOM
  13. 2026-06-01
    days on market $41,100 Active 765 DOM
  14. 2026-05-31
    days on market $41,100 Active 764 DOM
  15. 2024-05-06
    status Active 423-char remark
    Show marketing remark (423 chars)

    * THIS IS A RESALE LISTING * You'll love living in this 3 bedroom, 1.5 bathroom home within a wonderful family-friendly community. Check out the awesome amenities your community has to offer such as a basketball court, a clubhouse, a picnic area / pavilion / grill, and more! This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

  16. 2024-05-06
    historical 423-char remark
    Show marketing remark (423 chars)

    * THIS IS A RESALE LISTING * You'll love living in this 3 bedroom, 1.5 bathroom home within a wonderful family-friendly community. Check out the awesome amenities your community has to offer such as a basketball court, a clubhouse, a picnic area / pavilion / grill, and more! This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

  17. 2024-05-06
    status Active 423-char remark
    Show marketing remark (423 chars)

    * THIS IS A RESALE LISTING * You'll love living in this 3 bedroom, 1.5 bathroom home within a wonderful family-friendly community. Check out the awesome amenities your community has to offer such as a basketball court, a clubhouse, a picnic area / pavilion / grill, and more! This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

  18. 2024-05-05
    historical 423-char remark
    Show marketing remark (423 chars)

    * THIS IS A RESALE LISTING * You'll love living in this 3 bedroom, 1.5 bathroom home within a wonderful family-friendly community. Check out the awesome amenities your community has to offer such as a basketball court, a clubhouse, a picnic area / pavilion / grill, and more! This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

  19. 2024-05-05
    status Active 423-char remark
    Show marketing remark (423 chars)

    * THIS IS A RESALE LISTING * You'll love living in this 3 bedroom, 1.5 bathroom home within a wonderful family-friendly community. Check out the awesome amenities your community has to offer such as a basketball court, a clubhouse, a picnic area / pavilion / grill, and more! This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

  20. 2024-05-03
    historical 423-char remark
    Show marketing remark (423 chars)

    * THIS IS A RESALE LISTING * You'll love living in this 3 bedroom, 1.5 bathroom home within a wonderful family-friendly community. Check out the awesome amenities your community has to offer such as a basketball court, a clubhouse, a picnic area / pavilion / grill, and more! This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

  21. 2024-05-03
    status Active 423-char remark
    Show marketing remark (423 chars)

    * THIS IS A RESALE LISTING * You'll love living in this 3 bedroom, 1.5 bathroom home within a wonderful family-friendly community. Check out the awesome amenities your community has to offer such as a basketball court, a clubhouse, a picnic area / pavilion / grill, and more! This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

  22. 2024-05-02
    historical 423-char remark
    Show marketing remark (423 chars)

    * THIS IS A RESALE LISTING * You'll love living in this 3 bedroom, 1.5 bathroom home within a wonderful family-friendly community. Check out the awesome amenities your community has to offer such as a basketball court, a clubhouse, a picnic area / pavilion / grill, and more! This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

  23. 2024-05-02
    status Active 423-char remark
    Show marketing remark (423 chars)

    * THIS IS A RESALE LISTING * You'll love living in this 3 bedroom, 1.5 bathroom home within a wonderful family-friendly community. Check out the awesome amenities your community has to offer such as a basketball court, a clubhouse, a picnic area / pavilion / grill, and more! This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

  24. 2024-04-23
    historical 423-char remark
    Show marketing remark (423 chars)

    * THIS IS A RESALE LISTING * You'll love living in this 3 bedroom, 1.5 bathroom home within a wonderful family-friendly community. Check out the awesome amenities your community has to offer such as a basketball court, a clubhouse, a picnic area / pavilion / grill, and more! This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

  25. 2024-04-22
    status Active 423-char remark
    Show marketing remark (423 chars)

    * THIS IS A RESALE LISTING * You'll love living in this 3 bedroom, 1.5 bathroom home within a wonderful family-friendly community. Check out the awesome amenities your community has to offer such as a basketball court, a clubhouse, a picnic area / pavilion / grill, and more! This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

  26. 2024-04-22
    historical 423-char remark
    Show marketing remark (423 chars)

    * THIS IS A RESALE LISTING * You'll love living in this 3 bedroom, 1.5 bathroom home within a wonderful family-friendly community. Check out the awesome amenities your community has to offer such as a basketball court, a clubhouse, a picnic area / pavilion / grill, and more! This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

  27. 2024-04-22
    status Active 423-char remark
    Show marketing remark (423 chars)

    * THIS IS A RESALE LISTING * You'll love living in this 3 bedroom, 1.5 bathroom home within a wonderful family-friendly community. Check out the awesome amenities your community has to offer such as a basketball court, a clubhouse, a picnic area / pavilion / grill, and more! This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

  28. 2024-04-22
    historical 423-char remark
    Show marketing remark (423 chars)

    * THIS IS A RESALE LISTING * You'll love living in this 3 bedroom, 1.5 bathroom home within a wonderful family-friendly community. Check out the awesome amenities your community has to offer such as a basketball court, a clubhouse, a picnic area / pavilion / grill, and more! This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

  29. 2024-04-21
    status Active 423-char remark
    Show marketing remark (423 chars)

    * THIS IS A RESALE LISTING * You'll love living in this 3 bedroom, 1.5 bathroom home within a wonderful family-friendly community. Check out the awesome amenities your community has to offer such as a basketball court, a clubhouse, a picnic area / pavilion / grill, and more! This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

  30. 2024-04-21
    historical 423-char remark
    Show marketing remark (423 chars)

    * THIS IS A RESALE LISTING * You'll love living in this 3 bedroom, 1.5 bathroom home within a wonderful family-friendly community. Check out the awesome amenities your community has to offer such as a basketball court, a clubhouse, a picnic area / pavilion / grill, and more! This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

  31. 2024-04-20
    status Active 423-char remark
    Show marketing remark (423 chars)

    * THIS IS A RESALE LISTING * You'll love living in this 3 bedroom, 1.5 bathroom home within a wonderful family-friendly community. Check out the awesome amenities your community has to offer such as a basketball court, a clubhouse, a picnic area / pavilion / grill, and more! This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

  32. 2024-04-20
    historical 423-char remark
    Show marketing remark (423 chars)

    * THIS IS A RESALE LISTING * You'll love living in this 3 bedroom, 1.5 bathroom home within a wonderful family-friendly community. Check out the awesome amenities your community has to offer such as a basketball court, a clubhouse, a picnic area / pavilion / grill, and more! This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

  33. 2024-04-20
    status Active 423-char remark
    Show marketing remark (423 chars)

    * THIS IS A RESALE LISTING * You'll love living in this 3 bedroom, 1.5 bathroom home within a wonderful family-friendly community. Check out the awesome amenities your community has to offer such as a basketball court, a clubhouse, a picnic area / pavilion / grill, and more! This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

  34. 2024-04-19
    historical 423-char remark
    Show marketing remark (423 chars)

    * THIS IS A RESALE LISTING * You'll love living in this 3 bedroom, 1.5 bathroom home within a wonderful family-friendly community. Check out the awesome amenities your community has to offer such as a basketball court, a clubhouse, a picnic area / pavilion / grill, and more! This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

  35. 2024-04-16
    status Active 423-char remark
    Show marketing remark (423 chars)

    * THIS IS A RESALE LISTING * You'll love living in this 3 bedroom, 1.5 bathroom home within a wonderful family-friendly community. Check out the awesome amenities your community has to offer such as a basketball court, a clubhouse, a picnic area / pavilion / grill, and more! This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

  36. 2024-04-16
    historical 423-char remark
    Show marketing remark (423 chars)

    * THIS IS A RESALE LISTING * You'll love living in this 3 bedroom, 1.5 bathroom home within a wonderful family-friendly community. Check out the awesome amenities your community has to offer such as a basketball court, a clubhouse, a picnic area / pavilion / grill, and more! This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

  37. 2024-04-16
    status Active 423-char remark
    Show marketing remark (423 chars)

    * THIS IS A RESALE LISTING * You'll love living in this 3 bedroom, 1.5 bathroom home within a wonderful family-friendly community. Check out the awesome amenities your community has to offer such as a basketball court, a clubhouse, a picnic area / pavilion / grill, and more! This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

  38. 2024-04-15
    historical 423-char remark
    Show marketing remark (423 chars)

    * THIS IS A RESALE LISTING * You'll love living in this 3 bedroom, 1.5 bathroom home within a wonderful family-friendly community. Check out the awesome amenities your community has to offer such as a basketball court, a clubhouse, a picnic area / pavilion / grill, and more! This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

  39. 2024-04-14
    status Active 423-char remark
    Show marketing remark (423 chars)

    * THIS IS A RESALE LISTING * You'll love living in this 3 bedroom, 1.5 bathroom home within a wonderful family-friendly community. Check out the awesome amenities your community has to offer such as a basketball court, a clubhouse, a picnic area / pavilion / grill, and more! This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

  40. 2024-04-13
    historical 423-char remark
    Show marketing remark (423 chars)

    * THIS IS A RESALE LISTING * You'll love living in this 3 bedroom, 1.5 bathroom home within a wonderful family-friendly community. Check out the awesome amenities your community has to offer such as a basketball court, a clubhouse, a picnic area / pavilion / grill, and more! This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

  41. 2024-04-12
    status Active 423-char remark
    Show marketing remark (423 chars)

    * THIS IS A RESALE LISTING * You'll love living in this 3 bedroom, 1.5 bathroom home within a wonderful family-friendly community. Check out the awesome amenities your community has to offer such as a basketball court, a clubhouse, a picnic area / pavilion / grill, and more! This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

  42. 2024-04-12
    historical 423-char remark
    Show marketing remark (423 chars)

    * THIS IS A RESALE LISTING * You'll love living in this 3 bedroom, 1.5 bathroom home within a wonderful family-friendly community. Check out the awesome amenities your community has to offer such as a basketball court, a clubhouse, a picnic area / pavilion / grill, and more! This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

  43. 2024-04-11
    status Active 423-char remark
    Show marketing remark (423 chars)

    * THIS IS A RESALE LISTING * You'll love living in this 3 bedroom, 1.5 bathroom home within a wonderful family-friendly community. Check out the awesome amenities your community has to offer such as a basketball court, a clubhouse, a picnic area / pavilion / grill, and more! This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

  44. 2024-04-11
    historical 423-char remark
    Show marketing remark (423 chars)

    * THIS IS A RESALE LISTING * You'll love living in this 3 bedroom, 1.5 bathroom home within a wonderful family-friendly community. Check out the awesome amenities your community has to offer such as a basketball court, a clubhouse, a picnic area / pavilion / grill, and more! This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

  45. 2024-04-11
    status Active 423-char remark
    Show marketing remark (423 chars)

    * THIS IS A RESALE LISTING * You'll love living in this 3 bedroom, 1.5 bathroom home within a wonderful family-friendly community. Check out the awesome amenities your community has to offer such as a basketball court, a clubhouse, a picnic area / pavilion / grill, and more! This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

  46. 2024-04-11
    historical 423-char remark
    Show marketing remark (423 chars)

    * THIS IS A RESALE LISTING * You'll love living in this 3 bedroom, 1.5 bathroom home within a wonderful family-friendly community. Check out the awesome amenities your community has to offer such as a basketball court, a clubhouse, a picnic area / pavilion / grill, and more! This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

  47. 2024-04-10
    status Active 423-char remark
    Show marketing remark (423 chars)

    * THIS IS A RESALE LISTING * You'll love living in this 3 bedroom, 1.5 bathroom home within a wonderful family-friendly community. Check out the awesome amenities your community has to offer such as a basketball court, a clubhouse, a picnic area / pavilion / grill, and more! This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

  48. 2024-04-10
    historical 423-char remark
    Show marketing remark (423 chars)

    * THIS IS A RESALE LISTING * You'll love living in this 3 bedroom, 1.5 bathroom home within a wonderful family-friendly community. Check out the awesome amenities your community has to offer such as a basketball court, a clubhouse, a picnic area / pavilion / grill, and more! This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

  49. 2024-04-10
    listed $41,100 Active 423-char remark
    Show marketing remark (423 chars)

    * THIS IS A RESALE LISTING * You'll love living in this 3 bedroom, 1.5 bathroom home within a wonderful family-friendly community. Check out the awesome amenities your community has to offer such as a basketball court, a clubhouse, a picnic area / pavilion / grill, and more! This home won't be on the market long, so call us today for more information or to schedule a tour. Deposits & Fees are subject to change.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$18,776
− Mortgage interest
−$2,302
− Property taxes
−$616
− Insurance
−$206
− Repairs & maintenance
−$1,502
− Management
−$1,502
− Depreciation
−$1,196
Taxable income
$11,452
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$2,748
After-tax cash flow
$8,676/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 · 2 photos

Poor 20/100 Extensive rehab

This manufactured home requires extensive repairs and maintenance, including exterior siding, roof, and landscaping. Significant updates are needed to improve its condition and value.

Repairs flagged

  • Major exterior siding — Significant wear and tear
  • Major roof — No visible damage, but may need inspection
  • Major interior walls/paint — No visible walls/paint, but may need inspection
  • Major windows — No visible windows, but may need inspection
  • Major foundation/structure — No visible foundation/structure, but may need inspection
  • Major HVAC/mechanicals — No visible HVAC/mechanicals, but may need inspection
  • Major landscaping — Overgrown lawn, unkempt appearance

Value-add opportunities

  • Both exterior siding repair — Improves curb appeal and home value
  • Both paint interior and exterior — Enhances home's appearance and value
  • Both landscaping — Improves curb appeal and home value
  • Both roof inspection and repair — Ensures structural integrity and value
  • Both HVAC inspection and repair — Improves comfort and energy efficiency

Renovation cost estimate screening

Repair itemSeverityEst. cost
exterior siding · Significant wear and tear Major $15,000–50,000
roof · No visible damage, but may need inspection Major $15,000–50,000
interior walls/paint · No visible walls/paint, but may need inspection Major $15,000–50,000
windows · No visible windows, but may need inspection Major $15,000–50,000
foundation/structure · No visible foundation/structure, but may need inspection Major $15,000–50,000
HVAC/mechanicals · No visible HVAC/mechanicals, but may need inspection Major $15,000–50,000
landscaping · Overgrown lawn, unkempt appearance Major $15,000–50,000
Total estimated repair cost · 7 items $105,000–350,000

Value-add ROI direction

  • Both exterior siding repair — Improves curb appeal and home value
  • Both paint interior and exterior — Enhances home's appearance and value
  • Both landscaping — Improves curb appeal and home value
  • Both roof inspection and repair — Ensures structural integrity and value
  • Both HVAC inspection and repair — Improves comfort and energy efficiency

ⓘ 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
Romulus Community Schools
NCES district ID
2630120
Math proficiency
9% ▼ -14.00%
Reading proficiency
21% ▼ -9.00%
Median HH income
$44,165
Composite
13.17/100
National rank
#9556
State rank
#498 of 540 in MI

Livability — Romulus

Score
60/100
State rank
#593
US rank
#19387

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Romulus, MI
County
Wayne County · 1,562,939 people
City population
32,211
Metro
Detroit-Warren-Dearborn, MI
Population (ZIP)
32,211
Household income
$67,056
Rent vs Own
25.8% rent · 74.2% own
Severe rent burden
755.0

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
Diverse neighborhood (Simpson 0.59)
Race & ethnicity
White 52% Black 37% Two or more races 8% Hispanic / Latino 2% Asian 1%
Common ancestry
Romanian 6% Lithuanian 3% Italian 2%
Foreign-born
4% · Canada, Vietnam
Languages at home
94% English-only · Spanish 2% Other Indo-European 1% Other Asian/Pacific 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
▼ -171.93%
Current HPI
207.8345
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

Price history

35 events — show timeline
  • 2024-05-06 Relisted Zillow
  • 2024-05-06 Delisted Zillow
  • 2024-05-06 Relisted Zillow
  • 2024-05-05 Delisted Zillow
  • 2024-05-05 Relisted Zillow
  • 2024-05-03 Delisted Zillow
  • 2024-05-03 Relisted Zillow
  • 2024-05-02 Delisted Zillow
  • 2024-05-02 Relisted Zillow
  • 2024-04-23 Delisted Zillow
  • 2024-04-22 Relisted Zillow
  • 2024-04-22 Delisted Zillow
  • 2024-04-22 Relisted Zillow
  • 2024-04-22 Delisted Zillow
  • 2024-04-21 Relisted Zillow
  • 2024-04-21 Delisted Zillow
  • 2024-04-20 Relisted Zillow
  • 2024-04-20 Delisted Zillow
  • 2024-04-20 Relisted Zillow
  • 2024-04-19 Delisted Zillow
  • 2024-04-16 Relisted Zillow
  • 2024-04-16 Delisted Zillow
  • 2024-04-16 Relisted Zillow
  • 2024-04-15 Delisted Zillow
  • 2024-04-14 Relisted Zillow
  • 2024-04-13 Delisted Zillow
  • 2024-04-12 Relisted Zillow
  • 2024-04-12 Delisted Zillow
  • 2024-04-11 Relisted Zillow
  • 2024-04-11 Delisted Zillow
  • 2024-04-11 Relisted Zillow
  • 2024-04-11 Delisted Zillow
  • 2024-04-10 Relisted Zillow
  • 2024-04-10 Delisted Zillow
  • 2024-04-10 Listed $41,100 Zillow

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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