19025 Melrose Ave · Southfield, MI 48075

$143,500

4 bd · 1.5 ba · 1,292 sqft · SingleFamily public records · 244 Days on market

Built 1937 0.56 ac lot $111/sqft · 38% below area Est $231k · 38% under

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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 +23.6/30.0
• ARV discount +15.0/15.0
• DSCR +7.6/10.0
• 1% rule +6.1/10.0
• Rent growth +4.5/5.0
• Livability +3.6/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this spacious cape cod home located in Southfield, MI! This home features 4 bedrooms (2 upstairs and 2 downstairs) and 1.5 baths. Enjoy the charm of a Florida room, perfect for relaxing, along with a cozy living room for family gatherings. The property sits on a generous 1/2-acre lot with a wonderful backyard, providing plenty of room for outdoor activities. The large deck in the back is an excellent spot for entertaining or enjoying a quiet afternoon. The circular driveway offers easy access and additional parking. This home is located just a short distance from the highway, providing quick access to major routes for commuting.

Key facts

• Large deck
• Easy access
• Generous lot

Tags

• FLORIDA ROOM
• GENEROUS LOT
• WONDERFUL BACKYARD
• LARGE DECK
• CIRCULAR DRIVEWAY
• EASY ACCESS

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $144k.

Deal economics

• At list price, monthly cash flow is $269 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $144k).
• Recommended offer: $126k (12.0% below list) — sets the bar for market timing.
• Cap rate 8.5% vs local median 4.4% in Southfield — 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 72/100 on livability (#248 in MI) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: schools D, health & safety D, crime F.
• Southfield Public School District (urban): math 17% / reading 37% proficiency, ranked #392 of 540 in MI (top 73%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising fast (+8.1%/yr); 95 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); 2,614 units permitted in Oakland County in 2024 (721 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $992 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Oakland County population projected at +10% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $40k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 244 days — a 12% lower offer ($126k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 15y ago; this cycle's ask has dropped $16k (10%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $70k; list at $144k implies a 105% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1937 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $126,280 (12.0% below list)

Questions for the listing agent

1. It's been on market 244 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1937 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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 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?
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: 1.11% ✓
• Cap rate: 8.54%
• Cash-on-cash: 8.04%
• DSCR: 1.36
• GRM: 7.5

CMA / ARV

• ARV (median comp): $230,754
• List price: $143,500
• Delta: -37.81%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
21128 Evergreen Rd	0.48mi	4/1.0	1,317 (+2%)	13mo	$165,000	$125	62
20310 Annchester Rd	0.53mi	3/1.5 (-1)	1,365 (+6%)	1mo	$97,000	$71	60
20534 Grandville Ave	0.42mi	3/1.5 (-1)	1,155 (-11%)	3mo	$213,500	$185	56
21431 Buttercrest St	0.29mi	3/1.5 (-1)	1,152 (-11%)	14mo	$285,000	$247	52
21220 Evergreen Rd	0.48mi	3/1.0 (-1)	1,212 (-6%)	10mo	$105,000	$87	52
20511 Plainview Ave	0.60mi	3/1.5 (-1)	1,192 (-8%)	5mo	$108,000	$91	50
17550 Melrose St	0.61mi	3/1.5 (-1)	1,409 (+9%)	4mo	$248,500	$176	48
20220 Ashton Ave	0.69mi	3/1.0 (-1)	1,362 (+5%)	5mo	$155,000	$114	48
20510 Fenmore St	0.72mi	3/1.0 (-1)	1,194 (-8%)	5mo	$64,500	$54	43
21311 Evergreen Rd	0.51mi	3/2.0 (-1)	1,422 (+10%)	12mo	$207,000	$146	43
20026 Avon Ave	0.66mi	3/2.0 (-1)	1,448 (+12%)	3mo	$110,000	$76	39
20560 Rosemont Ave	0.53mi	3/2.0 (-1)	1,117 (-14%)	11mo	$159,000	$142	36

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 1.5%
• Equity multiple: 1.06×
• Total profit: $2,358
• Equity at exit: $21,396

10-year hold

• IRR: 15.5%
• Equity multiple: 2.56×
• Total profit: $62,631
• Equity at exit: $12,407

Cash invested: $40,180 (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 48075

• Rents YoY: 8.1%
• Active inventory: 95
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,596 high
• Mortgage (P&I): −$753
• Tax est. 1.5%: −$179 /mo · $2,152/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$335
• Net cashflow: $269

Break-even live

Break-even rent $1,255

Max offer price $143,500

Occupancy floor 78%

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: $35,875
• Closing costs: $4,305
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
20271 Grandville Ave Detroit, MI	3.0	1.0	1010	$1,550	$1.53	23d	1	0.55mi
20284 Melrose St Southfield, MI	3.0	1.0	1200	$1,550	$1.29	43d	1	0.63mi
20011 Avon Ave Detroit, MI	3.0	1.0	1000	$1,200	$1.20	5d	1	0.70mi
20200 Ashton Ave Detroit, MI	3.0	1.0	1200	$1,200	$1.00	16d	1	0.73mi
20510 Fenmore St Detroit, MI	3.0	1.0	1194	$1,300	$1.09	1d	1	0.74mi
19970 Ashton Ave Detroit, MI	3.0	1.0	1000	$1,000	$1.00	43d	1	0.84mi
20259 Oakfield St Detroit, MI	3.0	1.0	1056	$1,250	$1.18	16d	1	0.86mi
20043 Fenmore St Detroit, MI	3.0	1.0	1030	$1,453	$1.41	43d	1	0.87mi
20314 Gilchrist St Detroit, MI	3.0	1.0	1042	$1,500	$1.44	5d	1	0.95mi
19918 Southfield Fwy Detroit, MI	3.0	1.0	915	$1,375	$1.50	15d	1	0.95mi
16500 N Park Dr Southfield, MI	1.0–3.0	1.0–2.5	1500	$2,289	$1.53	1d	1	0.96mi
20203 Gilchrist St Detroit, MI	3.0	1.0	1031	$1,250	$1.21	5d	1	0.99mi
19818 Fenmore St Detroit, MI	3.0	1.0	902	$1,275	$1.41	43d	1	1.02mi
19445 Avon Ave Detroit, MI	3.0	1.0	1023	$1,550	$1.52	43d	1	1.03mi
20079 Patton St Detroit, MI	3.0	1.0	1150	$1,550	$1.35	5d	1	1.03mi
20210 Biltmore St Detroit, MI	3.0	1.0	1033	$1,350	$1.31	24d	1	1.06mi
19781 Fielding St Detroit, MI	3.0	1.0	1000	$1,294	$1.29	5d	1	1.16mi
19176 Grandville Ave Detroit, MI	3.0	1.0	941	$1,300	$1.38	5d	1	1.25mi
19400 Harlow St Detroit, MI	4.0	1.0	1298	$1,275	$0.98	16d	1	1.27mi
19810 Blackstone St Detroit, MI	3.0	1.0	1216	$1,395	$1.15	43d	1	1.38mi
16176 Cumberland Rd Southfield, MI	2.0–3.0	2.0	1450	$1,675	$1.16	43d	1	1.42mi

Listing history 39 events

1. 2026-06-18
   days on market $143,500 Active 244 DOM
2. 2026-06-17
   days on market $143,500 Active 243 DOM
3. 2026-06-16
   days on market $143,500 Active 242 DOM
4. 2026-06-15
   days on market $143,500 Active 241 DOM
5. 2026-06-13
   days on market $143,500 Active 239 DOM
6. 2026-06-13
   days on market $143,500 Active 238 DOM
7. 2026-06-09
   days on market $143,500 Active 235 DOM
8. 2026-06-08
   days on market $143,500 Active 234 DOM
9. 2026-06-07
   pricedays on market $143,500 Active 233 DOM
10. 2026-06-04
    days on market $143,900 Active 230 DOM
11. 2026-06-03
    days on market $143,900 Active 229 DOM
12. 2026-06-02
    days on market $143,900 Active 228 DOM
13. 2026-06-01
    days on market $143,900 Active 227 DOM
14. 2026-05-31
    days on market $143,900 Active 226 DOM
15. 2026-05-17
    price $143,900 647-char remark

    Show marketing remark (647 chars)

    Welcome to this spacious cape cod home located in Southfield, MI! This home features 4 bedrooms (2 upstairs and 2 downstairs) and 1.5 baths. Enjoy the charm of a Florida room, perfect for relaxing, along with a cozy living room for family gatherings. The property sits on a generous 1/2-acre lot with a wonderful backyard, providing plenty of room for outdoor activities. The large deck in the back is an excellent spot for entertaining or enjoying a quiet afternoon. The circular driveway offers easy access and additional parking. This home is located just a short distance from the highway, providing quick access to major routes for commuting.

16. 2026-05-17
    price $143,900 647-char remark

    Show marketing remark (647 chars)

    Welcome to this spacious cape cod home located in Southfield, MI! This home features 4 bedrooms (2 upstairs and 2 downstairs) and 1.5 baths. Enjoy the charm of a Florida room, perfect for relaxing, along with a cozy living room for family gatherings. The property sits on a generous 1/2-acre lot with a wonderful backyard, providing plenty of room for outdoor activities. The large deck in the back is an excellent spot for entertaining or enjoying a quiet afternoon. The circular driveway offers easy access and additional parking. This home is located just a short distance from the highway, providing quick access to major routes for commuting.

17. 2025-12-17
    price $144,000 647-char remark

    Show marketing remark (647 chars)

    Welcome to this spacious cape cod home located in Southfield, MI! This home features 4 bedrooms (2 upstairs and 2 downstairs) and 1.5 baths. Enjoy the charm of a Florida room, perfect for relaxing, along with a cozy living room for family gatherings. The property sits on a generous 1/2-acre lot with a wonderful backyard, providing plenty of room for outdoor activities. The large deck in the back is an excellent spot for entertaining or enjoying a quiet afternoon. The circular driveway offers easy access and additional parking. This home is located just a short distance from the highway, providing quick access to major routes for commuting.

18. 2025-12-17
    price $144,000 647-char remark

    Show marketing remark (647 chars)

    Welcome to this spacious cape cod home located in Southfield, MI! This home features 4 bedrooms (2 upstairs and 2 downstairs) and 1.5 baths. Enjoy the charm of a Florida room, perfect for relaxing, along with a cozy living room for family gatherings. The property sits on a generous 1/2-acre lot with a wonderful backyard, providing plenty of room for outdoor activities. The large deck in the back is an excellent spot for entertaining or enjoying a quiet afternoon. The circular driveway offers easy access and additional parking. This home is located just a short distance from the highway, providing quick access to major routes for commuting.

19. 2025-11-13
    price $149,000 647-char remark

    Show marketing remark (647 chars)

    Welcome to this spacious cape cod home located in Southfield, MI! This home features 4 bedrooms (2 upstairs and 2 downstairs) and 1.5 baths. Enjoy the charm of a Florida room, perfect for relaxing, along with a cozy living room for family gatherings. The property sits on a generous 1/2-acre lot with a wonderful backyard, providing plenty of room for outdoor activities. The large deck in the back is an excellent spot for entertaining or enjoying a quiet afternoon. The circular driveway offers easy access and additional parking. This home is located just a short distance from the highway, providing quick access to major routes for commuting.

20. 2025-11-12
    price $149,000 647-char remark

    Show marketing remark (647 chars)

    Welcome to this spacious cape cod home located in Southfield, MI! This home features 4 bedrooms (2 upstairs and 2 downstairs) and 1.5 baths. Enjoy the charm of a Florida room, perfect for relaxing, along with a cozy living room for family gatherings. The property sits on a generous 1/2-acre lot with a wonderful backyard, providing plenty of room for outdoor activities. The large deck in the back is an excellent spot for entertaining or enjoying a quiet afternoon. The circular driveway offers easy access and additional parking. This home is located just a short distance from the highway, providing quick access to major routes for commuting.

21. 2025-10-14
    listed $159,000 Active 647-char remark

    Show marketing remark (647 chars)

    Welcome to this spacious cape cod home located in Southfield, MI! This home features 4 bedrooms (2 upstairs and 2 downstairs) and 1.5 baths. Enjoy the charm of a Florida room, perfect for relaxing, along with a cozy living room for family gatherings. The property sits on a generous 1/2-acre lot with a wonderful backyard, providing plenty of room for outdoor activities. The large deck in the back is an excellent spot for entertaining or enjoying a quiet afternoon. The circular driveway offers easy access and additional parking. This home is located just a short distance from the highway, providing quick access to major routes for commuting.

22. 2025-10-14
    listed $159,000 Active 647-char remark

    Show marketing remark (647 chars)

    Welcome to this spacious cape cod home located in Southfield, MI! This home features 4 bedrooms (2 upstairs and 2 downstairs) and 1.5 baths. Enjoy the charm of a Florida room, perfect for relaxing, along with a cozy living room for family gatherings. The property sits on a generous 1/2-acre lot with a wonderful backyard, providing plenty of room for outdoor activities. The large deck in the back is an excellent spot for entertaining or enjoying a quiet afternoon. The circular driveway offers easy access and additional parking. This home is located just a short distance from the highway, providing quick access to major routes for commuting.

23. 2025-06-30
    soldstatus $70,000
24. 2025-05-21
    soldstatus $70,000 Closed
25. 2025-05-21
    soldstatus $70,000 Closed
26. 2025-04-22
    status Pending
27. 2025-04-09
    historical
28. 2025-03-17
    status Pending
29. 2025-03-17
    status Pending
30. 2025-02-26
    listed $90,000 Active
31. 2025-02-17
    listed $90,000 Active
32. 2011-10-03
    soldstatus $13,200
33. 2011-10-03
    soldstatus $13,200
34. 2011-10-03
    soldstatus $13,200
35. 2011-09-22
    historical
36. 2011-08-30
    listed $13,500
37. 2011-08-30
    listed $13,500
38. 2011-08-27
    listed $13,500
39. 1995-04-11
    soldstatus $45,000

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

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥97°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,154
• − Mortgage interest: −$8,038
• − Property taxes: −$2,152
• − Insurance: −$718
• − Repairs & maintenance: −$1,532
• − Management: −$1,532
• − Depreciation: −$4,175
• Taxable income: $1,007
• Est. tax owed @ 24.0%: −$242
• After-tax cash flow: $2,990/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: Southfield Public School District
• NCES district ID: 2632310
• Math proficiency: 17% ▼ -3.00%
• Reading proficiency: 37% ▲ 1.00%
• Median HH income: $51,400
• Composite: 23.77/100
• National rank: #7814
• State rank: #392 of 540 in MI

Livability — Southfield

• Score: 72/100
• State rank: #248
• US rank: #6175

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Southfield, MI
• County: Oakland County · 1,009,092 people
• City population: 54,914
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 22,841
• Household income: $65,384
• Rent vs Own: 38.4% rent · 61.6% own
• Severe rent burden: 1336.0

Population outlook (Oakland County) Hauer SSP2

• Today (2025): 1,335,747 people
• By 2030: 1,375,100 · +2.9%
• By 2040: 1,435,385 · +7.5%
• By 2050: 1,469,250 · +10.0%
• By 2075: 1,531,946 · +14.7%
• By 2100: 1,450,485 · +8.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Majority Black (65%)
• Race & ethnicity: Black 65% White 26% Two or more races 7% Hispanic / Latino 1%
• Common ancestry: Romanian 2% Scotch-Irish 2% Subsaharan African 1%
• Foreign-born: 4% · Canada
• Languages at home: 94% English-only · Russian/Polish/Slavic 1% Spanish 1% German/W. Germanic 1%

Political lean MEDSL · Oakland

• 2024 margin: D (+10.6) · D 54.4% · R 43.8% · Other 1.9%
• 2008→2024 swing: -3.9pp toward R · 2008: 14.5pp · 2024: 10.6pp
• All cycles: 2024: D+10.6 2020: D+14.1 2016: D+8.1 2012: D+8.1 2008: D+14.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -209.20%
• Current HPI: 190.3275
• Rent YoY: ▲ 8.06%
• 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

+219.8% since first listed

25 events — show timeline

• 2026-05-17 Price Changed $143,900 MiRealSource-MiMLS
• 2026-05-17 Price Changed $143,900 REALCOMP
• 2025-12-17 Price Changed $144,000 MiRealSource-MiMLS
• 2025-12-17 Price Changed $144,000 REALCOMP
• 2025-11-13 Price Changed $149,000 MiRealSource-MiMLS
• 2025-11-12 Price Changed $149,000 REALCOMP
• 2025-10-14 Listed $159,000 REALCOMP
• 2025-10-14 Listed $159,000 MiRealSource-MiMLS
• 2025-06-30 Sold (Public Records) $70,000 Public Records
• 2025-05-21 Sold (MLS) $70,000 MiRealSource-MiMLS
• 2025-05-21 Sold (MLS) $70,000 REALCOMP
• 2025-04-22 Pending — REALCOMP
• 2025-04-09 Listing Removed — REALCOMP
• 2025-03-17 Pending — MiRealSource-MiMLS
• 2025-03-17 Pending — REALCOMP
• 2025-02-26 Listed $90,000 MiRealSource-MiMLS
• 2025-02-17 Listed $90,000 REALCOMP
• 2011-10-03 Sold (MLS) $13,200 REALCOMP
• 2011-10-03 Sold (MLS) $13,200 REALCOMP
• 2011-10-03 Sold (MLS) $13,200 MiRealSource-MiMLS
• 2011-09-22 Listing Removed — MiRealSource-MiMLS
• 2011-08-30 Listed $13,500 REALCOMP
• 2011-08-30 Listed $13,500 MiRealSource-MiMLS
• 2011-08-27 Listed $13,500 REALCOMP
• 1995-04-11 Sold (Public Records) $45,000 Public Records

Property tax history

+11.5%/yr

Latest (2025): $7,238 · +154.6% YoY. Source: county tax records.