22481 Springbrook Ave · Farmington Hills, MI 48336 4353

$200,000

3 bd · 1.0 ba · 963 sqft · SingleFamily public records · 15 Days on market

Built 1955 0.25 ac lot Est $204k · at est.

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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 +10.5/30.0
• ARV discount +8.4/15.0
• Appreciation +5.0/10.0
• Schools +4.6/10.0
• Livability +4.0/5.0
• 1% rule +3.2/10.0
• DSCR +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0

Listing remarks MLS

GREAT ALL BRICK FARMINGTON HILLS BUNGALOW! THIS 3 BEDROOM, 1 FULL BATH PROPERTY BOASTS A LARGE FENCED IN LOT AND A GREAT LOCATION ON A QUIET DEAD END STREET CLOSE TO SHOPPING, RESTAURANTS AND EXPRESSWAYS. WOOD FLOORS THROUGHOUT MOST OF MAIN LEVEL. UPDATED KITCHEN FEATURES SS APPLIANCES AND GRANITE COUNTERS. SPACIOUS FAMILY ROOM WITH LARGE FRONT WINDOW FOR TONS OF NATURAL LIGHT OPEN TO SUN ROOM.

Key facts

• 0.25 acre lot
• Built 1955
• Listed 15 days

Property features AI

Finance

• Other: Pets allowed

Exterior

• Parking: No garage
• Utilities: Public water; Public sewer; Cable available
• Home design: Single family residence; One and one-half stories; Ground-level entry with steps; Brick construction
• Construction: Asphalt roof
• Exterior features: Fenced yard; Paved road access

Interior

• Kitchen: Dishwasher; Disposal; Free-standing electric range; Free-standing refrigerator; Microwave; Stainless steel appliances; Gas water heater
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); No central cooling
• Interior features: High-speed internet
• Laundry & utility: Washer; Dryer; Washer hookup; Electric dryer hookup; Unfinished basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $-102 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $182k (9.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $163k (18.4% below list).
• Recommended offer: $163k (18.4% below list) — sets the bar for 1% rule.
• Cap rate 5.7% vs local median 3.4% in Farmington Hills — 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 81/100 on livability (#64 in MI, #1,364 nationally) — a professional / high-income tenant draw. Strengths: employment A+, housing A+, crime A; Watch: amenities D, health & safety F.
• Farmington Public School District (urban): math 45% / reading 58% proficiency, ranked #78 of 540 in MI (top 14%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 19% free/reduced lunch — higher-income household profile.
• Zoned schools: Ja Lanigan Elementary School (math 32% / reading 42%, grade F, #685 of 1,397 statewide, top 51%, 505 students, 52% FRL); Power Middle School (math 42% / reading 60%, grade C, #106 of 493 statewide, top 22%, 605 students, 29% FRL); Farmington High School (math 49% / reading 75%, grade B-, #58 of 713 statewide, top 9%, 1,400 students, 30% FRL) — zoned schools average 37% FRL vs 19% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 1 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); 2,614 units permitted in Oakland County in 2024 (721 in 5+ unit buildings).

Forward outlook

• In year one you build about $7k of equity ($1k loan paydown + $6k appreciation (3.0% local appreciation)).
• Oakland County population projected at +10% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• By year 5, paydown + projected appreciation supports a ~$32k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• It's been on market 15 days — a 2% lower offer ($197k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 12y 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 $65k; list at $200k implies a 208% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $163,293 (18.4% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are B-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. 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: 5.68%
• Cash-on-cash: -2.18%
• DSCR: 0.90
• GRM: 10.2

CMA / ARV

• ARV (on-the-fly): $204,156
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
22481 Springbrook Ave	0.00mi	3/1.0	963 (0%)	1mo	$200,100	$208	99
22601 Purdue Ave	0.35mi	3/1.0	914 (-5%)	3mo	$230,000	$252	72
23033 Hawthorne St	0.30mi	2/1.0 (-1)	1,026 (+6%)	1mo	$230,000	$224	69
23062 Tuck Rd	0.24mi	3/1.5	1,050 (+9%)	10mo	$280,000	$267	64
22734 Ashley St	0.28mi	3/1.5	1,050 (+9%)	9mo	$305,000	$290	62
22069 Albion Ave	0.50mi	3/1.0	876 (-9%)	4mo	$165,000	$188	58
22547 Lilac St	0.31mi	2/1.0 (-1)	1,099 (+14%)	8mo	$226,000	$206	50
21696 Purdue Ave	0.56mi	3/1.0	844 (-12%)	5mo	$165,000	$195	49
21740 Colgate St	0.55mi	3/1.0	1,104 (+15%)	4mo	$187,000	$169	47
21623 Tulane Ave	0.68mi	2/1.0 (-1)	1,020 (+6%)	9mo	$206,000	$202	46
23111 Albion Ave	0.55mi	2/2.0 (-1)	1,044 (+8%)	8mo	$221,000	$212	45
22767 Middlebelt Rd	0.59mi	3/2.0	1,092 (+13%)	8mo	$232,000	$212	40

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 5.5%
• Equity multiple: 1.32×
• Total profit: $17,654
• Equity at exit: $89,929

10-year hold

• IRR: 8.5%
• Equity multiple: 2.29×
• Total profit: $71,987
• Equity at exit: $138,591

Cash invested: $56,000 (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 48336 4353

• Active inventory: 1
• Price-to-rent: 10.2×

Monthly cashflow live

• Estimated rent: $1,633 high
• Mortgage (P&I): −$1,049
• Tax from tax record: −$259 /mo · $3,113/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$343
• Net cashflow: $-102

Break-even live

Break-even rent $1,761

Max offer price $182,057

Occupancy floor —

Sensitivity live

Price	-10% $12	-5% $-45	+0% $-102	+5% $-158	+10% $-215
Rent	-10% $-231	-5% $-166	+0% $-102	+5% $-37	+10% $27
Rate	-1.0pp $-1	-0.5pp $-51	base $-102	+0.5pp $-153	+1.0pp $-206

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: $50,000
• Closing costs: $6,000
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
23085 Floral St Farmington, MI	2.0	1.0	950	$1,495	$1.57	12d	1	0.37mi
23237 Tulane Ave Farmington Hills, MI	3.0	1.5	1104	$2,000	$1.81	12d	1	0.64mi
23611 Bicking Ct Farmington, MI	3.0	1.0	1117	$2,100	$1.88	45d	1	1.10mi
28532 Grayling Ave Farmington Hills, MI	2.0	1.0	700	$1,395	$1.99	26d	1	1.29mi
31200 Morlock St Livonia, MI	1.0–2.0	1.0	900	$1,505	$1.67	1d	12	1.30mi
28530 Grayling Ave Farmington Hills, MI	2.0	1.0	600	$1,295	$2.16	26d	1	1.32mi
33203 N Manor Dr Farmington, MI	1.0–2.0	1.0	855	$1,454	$1.70	0d	13	1.36mi

Listing history 27 events

1. 2026-06-01
   listing id $200,000 Pending 15 DOM
2. 2026-05-01
   status Pending 397-char remark

   Show marketing remark (397 chars)

   GREAT ALL BRICK FARMINGTON HILLS BUNGALOW! THIS 3 BEDROOM, 1 FULL BATH PROPERTY BOASTS A LARGE FENCED IN LOT AND A GREAT LOCATION ON A QUIET DEAD END STREET CLOSE TO SHOPPING, RESTAURANTS AND EXPRESSWAYS. WOOD FLOORS THROUGHOUT MOST OF MAIN LEVEL. UPDATED KITCHEN FEATURES SS APPLIANCES AND GRANITE COUNTERS. SPACIOUS FAMILY ROOM WITH LARGE FRONT WINDOW FOR TONS OF NATURAL LIGHT OPEN TO SUN ROOM.

3. 2026-05-01
   status Pending

   Show marketing remark (397 chars)

   GREAT ALL BRICK FARMINGTON HILLS BUNGALOW! THIS 3 BEDROOM, 1 FULL BATH PROPERTY BOASTS A LARGE FENCED IN LOT AND A GREAT LOCATION ON A QUIET DEAD END STREET CLOSE TO SHOPPING, RESTAURANTS AND EXPRESSWAYS. WOOD FLOORS THROUGHOUT MOST OF MAIN LEVEL. UPDATED KITCHEN FEATURES SS APPLIANCES AND GRANITE COUNTERS. SPACIOUS FAMILY ROOM WITH LARGE FRONT WINDOW FOR TONS OF NATURAL LIGHT OPEN TO SUN ROOM.

4. 2026-04-19
   historical Accepting Backup Offers 397-char remark

   Show marketing remark (397 chars)

   GREAT ALL BRICK FARMINGTON HILLS BUNGALOW! THIS 3 BEDROOM, 1 FULL BATH PROPERTY BOASTS A LARGE FENCED IN LOT AND A GREAT LOCATION ON A QUIET DEAD END STREET CLOSE TO SHOPPING, RESTAURANTS AND EXPRESSWAYS. WOOD FLOORS THROUGHOUT MOST OF MAIN LEVEL. UPDATED KITCHEN FEATURES SS APPLIANCES AND GRANITE COUNTERS. SPACIOUS FAMILY ROOM WITH LARGE FRONT WINDOW FOR TONS OF NATURAL LIGHT OPEN TO SUN ROOM.

5. 2026-04-19
   historical Active Under Contract

   Show marketing remark (397 chars)

   GREAT ALL BRICK FARMINGTON HILLS BUNGALOW! THIS 3 BEDROOM, 1 FULL BATH PROPERTY BOASTS A LARGE FENCED IN LOT AND A GREAT LOCATION ON A QUIET DEAD END STREET CLOSE TO SHOPPING, RESTAURANTS AND EXPRESSWAYS. WOOD FLOORS THROUGHOUT MOST OF MAIN LEVEL. UPDATED KITCHEN FEATURES SS APPLIANCES AND GRANITE COUNTERS. SPACIOUS FAMILY ROOM WITH LARGE FRONT WINDOW FOR TONS OF NATURAL LIGHT OPEN TO SUN ROOM.

6. 2026-04-17
   listed $200,000 Active 397-char remark

   Show marketing remark (397 chars)

   GREAT ALL BRICK FARMINGTON HILLS BUNGALOW! THIS 3 BEDROOM, 1 FULL BATH PROPERTY BOASTS A LARGE FENCED IN LOT AND A GREAT LOCATION ON A QUIET DEAD END STREET CLOSE TO SHOPPING, RESTAURANTS AND EXPRESSWAYS. WOOD FLOORS THROUGHOUT MOST OF MAIN LEVEL. UPDATED KITCHEN FEATURES SS APPLIANCES AND GRANITE COUNTERS. SPACIOUS FAMILY ROOM WITH LARGE FRONT WINDOW FOR TONS OF NATURAL LIGHT OPEN TO SUN ROOM.

7. 2026-04-17
   listed $200,000 Active

   Show marketing remark (397 chars)

   GREAT ALL BRICK FARMINGTON HILLS BUNGALOW! THIS 3 BEDROOM, 1 FULL BATH PROPERTY BOASTS A LARGE FENCED IN LOT AND A GREAT LOCATION ON A QUIET DEAD END STREET CLOSE TO SHOPPING, RESTAURANTS AND EXPRESSWAYS. WOOD FLOORS THROUGHOUT MOST OF MAIN LEVEL. UPDATED KITCHEN FEATURES SS APPLIANCES AND GRANITE COUNTERS. SPACIOUS FAMILY ROOM WITH LARGE FRONT WINDOW FOR TONS OF NATURAL LIGHT OPEN TO SUN ROOM.

8. 2026-04-14
   historical $200,000 397-char remark

   Show marketing remark (397 chars)

   GREAT ALL BRICK FARMINGTON HILLS BUNGALOW! THIS 3 BEDROOM, 1 FULL BATH PROPERTY BOASTS A LARGE FENCED IN LOT AND A GREAT LOCATION ON A QUIET DEAD END STREET CLOSE TO SHOPPING, RESTAURANTS AND EXPRESSWAYS. WOOD FLOORS THROUGHOUT MOST OF MAIN LEVEL. UPDATED KITCHEN FEATURES SS APPLIANCES AND GRANITE COUNTERS. SPACIOUS FAMILY ROOM WITH LARGE FRONT WINDOW FOR TONS OF NATURAL LIGHT OPEN TO SUN ROOM.

9. 2016-11-30
   soldstatus $65,000
10. 2016-11-22
    soldstatus $65,000 Sold 574-char remark

    Show marketing remark (574 chars)

    Great Investment Opportunity!!! 3 Bedroom 1 Bath Brick Bungalow with an Open Floor Plan on a Huge Lot. Home Features Hardwood Floors Throughout, Newer Kitchen with Oak Cabinets, Granite Counters and Bar Height Snack Counter, Stainless Steel Appliances and Ceramic Titled Floor. Hardwood Flooring Throughout. Full Unfinished Basement with Washer and Dryer, Porcelain Laundry Tub, Glass Block Windows and Sump Pump. Needs some TLC but look at the Comps for the Area. Would make a Great Rental, Flip or Personal Residence for a Handyperson. Located on a Quiet Dead End Street.

11. 2016-11-22
    soldstatus $65,000 Closed

    Show marketing remark (574 chars)

    Great Investment Opportunity!!! 3 Bedroom 1 Bath Brick Bungalow with an Open Floor Plan on a Huge Lot. Home Features Hardwood Floors Throughout, Newer Kitchen with Oak Cabinets, Granite Counters and Bar Height Snack Counter, Stainless Steel Appliances and Ceramic Titled Floor. Hardwood Flooring Throughout. Full Unfinished Basement with Washer and Dryer, Porcelain Laundry Tub, Glass Block Windows and Sump Pump. Needs some TLC but look at the Comps for the Area. Would make a Great Rental, Flip or Personal Residence for a Handyperson. Located on a Quiet Dead End Street.

12. 2016-11-15
    status Pending

    Show marketing remark (574 chars)

    Great Investment Opportunity!!! 3 Bedroom 1 Bath Brick Bungalow with an Open Floor Plan on a Huge Lot. Home Features Hardwood Floors Throughout, Newer Kitchen with Oak Cabinets, Granite Counters and Bar Height Snack Counter, Stainless Steel Appliances and Ceramic Titled Floor. Hardwood Flooring Throughout. Full Unfinished Basement with Washer and Dryer, Porcelain Laundry Tub, Glass Block Windows and Sump Pump. Needs some TLC but look at the Comps for the Area. Would make a Great Rental, Flip or Personal Residence for a Handyperson. Located on a Quiet Dead End Street.

13. 2016-11-15
    price $59,900

    Show marketing remark (574 chars)

    Great Investment Opportunity!!! 3 Bedroom 1 Bath Brick Bungalow with an Open Floor Plan on a Huge Lot. Home Features Hardwood Floors Throughout, Newer Kitchen with Oak Cabinets, Granite Counters and Bar Height Snack Counter, Stainless Steel Appliances and Ceramic Titled Floor. Hardwood Flooring Throughout. Full Unfinished Basement with Washer and Dryer, Porcelain Laundry Tub, Glass Block Windows and Sump Pump. Needs some TLC but look at the Comps for the Area. Would make a Great Rental, Flip or Personal Residence for a Handyperson. Located on a Quiet Dead End Street.

14. 2016-11-15
    status Pending 574-char remark

    Show marketing remark (574 chars)

    Great Investment Opportunity!!! 3 Bedroom 1 Bath Brick Bungalow with an Open Floor Plan on a Huge Lot. Home Features Hardwood Floors Throughout, Newer Kitchen with Oak Cabinets, Granite Counters and Bar Height Snack Counter, Stainless Steel Appliances and Ceramic Titled Floor. Hardwood Flooring Throughout. Full Unfinished Basement with Washer and Dryer, Porcelain Laundry Tub, Glass Block Windows and Sump Pump. Needs some TLC but look at the Comps for the Area. Would make a Great Rental, Flip or Personal Residence for a Handyperson. Located on a Quiet Dead End Street.

15. 2016-11-14
    status Active

    Show marketing remark (574 chars)

    Great Investment Opportunity!!! 3 Bedroom 1 Bath Brick Bungalow with an Open Floor Plan on a Huge Lot. Home Features Hardwood Floors Throughout, Newer Kitchen with Oak Cabinets, Granite Counters and Bar Height Snack Counter, Stainless Steel Appliances and Ceramic Titled Floor. Hardwood Flooring Throughout. Full Unfinished Basement with Washer and Dryer, Porcelain Laundry Tub, Glass Block Windows and Sump Pump. Needs some TLC but look at the Comps for the Area. Would make a Great Rental, Flip or Personal Residence for a Handyperson. Located on a Quiet Dead End Street.

16. 2016-11-14
    price $59,900 574-char remark

    Show marketing remark (574 chars)

    Great Investment Opportunity!!! 3 Bedroom 1 Bath Brick Bungalow with an Open Floor Plan on a Huge Lot. Home Features Hardwood Floors Throughout, Newer Kitchen with Oak Cabinets, Granite Counters and Bar Height Snack Counter, Stainless Steel Appliances and Ceramic Titled Floor. Hardwood Flooring Throughout. Full Unfinished Basement with Washer and Dryer, Porcelain Laundry Tub, Glass Block Windows and Sump Pump. Needs some TLC but look at the Comps for the Area. Would make a Great Rental, Flip or Personal Residence for a Handyperson. Located on a Quiet Dead End Street.

17. 2016-11-14
    status Active 574-char remark

    Show marketing remark (574 chars)

    Great Investment Opportunity!!! 3 Bedroom 1 Bath Brick Bungalow with an Open Floor Plan on a Huge Lot. Home Features Hardwood Floors Throughout, Newer Kitchen with Oak Cabinets, Granite Counters and Bar Height Snack Counter, Stainless Steel Appliances and Ceramic Titled Floor. Hardwood Flooring Throughout. Full Unfinished Basement with Washer and Dryer, Porcelain Laundry Tub, Glass Block Windows and Sump Pump. Needs some TLC but look at the Comps for the Area. Would make a Great Rental, Flip or Personal Residence for a Handyperson. Located on a Quiet Dead End Street.

18. 2016-11-01
    status Pending
19. 2016-10-31
    status Pending 574-char remark

    Show marketing remark (574 chars)

    Great Investment Opportunity!!! 3 Bedroom 1 Bath Brick Bungalow with an Open Floor Plan on a Huge Lot. Home Features Hardwood Floors Throughout, Newer Kitchen with Oak Cabinets, Granite Counters and Bar Height Snack Counter, Stainless Steel Appliances and Ceramic Titled Floor. Hardwood Flooring Throughout. Full Unfinished Basement with Washer and Dryer, Porcelain Laundry Tub, Glass Block Windows and Sump Pump. Needs some TLC but look at the Comps for the Area. Would make a Great Rental, Flip or Personal Residence for a Handyperson. Located on a Quiet Dead End Street.

20. 2016-10-26
    listed $50,000 Active
21. 2016-10-25
    listed $50,000 Active 574-char remark

    Show marketing remark (574 chars)

    Great Investment Opportunity!!! 3 Bedroom 1 Bath Brick Bungalow with an Open Floor Plan on a Huge Lot. Home Features Hardwood Floors Throughout, Newer Kitchen with Oak Cabinets, Granite Counters and Bar Height Snack Counter, Stainless Steel Appliances and Ceramic Titled Floor. Hardwood Flooring Throughout. Full Unfinished Basement with Washer and Dryer, Porcelain Laundry Tub, Glass Block Windows and Sump Pump. Needs some TLC but look at the Comps for the Area. Would make a Great Rental, Flip or Personal Residence for a Handyperson. Located on a Quiet Dead End Street.

22. 2015-01-29
    soldstatus $42,000 Sold
23. 2015-01-29
    soldstatus $42,000 Closed
24. 2015-01-10
    status Pending
25. 2015-01-10
    historical
26. 2014-12-12
    listed $52,000 Active
27. 2014-05-23
    listed $52,000 Active

ⓘ 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: $3,113 · $259/mo
• Projected year-2 tax: $3,113 · $259/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,595
• − Mortgage interest: −$11,203
• − Property taxes: −$3,113
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,568
• − Management: −$1,568
• − Depreciation: −$5,818
• Taxable loss: −$4,675
• Est. tax savings @ 24.0%: +$1,122
• After-tax cash flow: $-97/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: Farmington Public School District
• NCES district ID: 2614070
• Math proficiency: 45% ▼ -5.00%
• Reading proficiency: 58% ▼ -1.00%
• Median HH income: $72,846
• Composite: 46.17/100
• National rank: #2497
• State rank: #78 of 540 in MI

Livability — Farmington Hills

• Score: 81/100
• State rank: #64
• US rank: #1364

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Farmington Hills, MI

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%

Not yet ingested

• Political lean: —
• Race & ethnicity: —
• Common origin: —
• Civics: —

Market trends

• HPI YoY: —
• Current HPI: —
• Rent YoY: —
• Metro: —
• 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

+284.6% since first listed

26 events — show timeline

• 2026-05-01 Pending — MiRealSource-MiMLS
• 2026-05-01 Pending — REALCOMP
• 2026-04-19 Contingent — MiRealSource-MiMLS
• 2026-04-19 Contingent — REALCOMP
• 2026-04-17 Listed $200,000 MiRealSource-MiMLS
• 2026-04-17 Listed $200,000 REALCOMP
• 2026-04-14 Coming Soon $200,000 MiRealSource-MiMLS
• 2016-11-30 Sold (Public Records) $65,000 Public Records
• 2016-11-22 Sold (MLS) $65,000 MiRealSource-MiMLS
• 2016-11-22 Sold (MLS) $65,000 REALCOMP
• 2016-11-15 Pending — MiRealSource-MiMLS
• 2016-11-15 Price Changed $59,900 MiRealSource-MiMLS
• 2016-11-15 Pending — REALCOMP
• 2016-11-14 Relisted — MiRealSource-MiMLS
• 2016-11-14 Price Changed $59,900 REALCOMP
• 2016-11-14 Relisted — REALCOMP
• 2016-11-01 Pending — MiRealSource-MiMLS
• 2016-10-31 Pending — REALCOMP
• 2016-10-26 Listed $50,000 MiRealSource-MiMLS
• 2016-10-25 Listed $50,000 REALCOMP
• 2015-01-29 Sold (MLS) $42,000 MiRealSource-MiMLS
• 2015-01-29 Sold (MLS) $42,000 REALCOMP
• 2015-01-10 Pending — MiRealSource-MiMLS
• 2015-01-10 Listing Removed — REALCOMP
• 2014-12-12 Listed $52,000 MiRealSource-MiMLS
• 2014-05-23 Listed $52,000 REALCOMP

Property tax history

+3.5%/yr

Latest (2025): $3,113 · +3.1% YoY. Source: county tax records.