26703 Norfolk St · Inkster, MI 48141

$69,900

3 bd · 1.0 ba · 967 sqft · SingleFamily public records · 12 Days on market

Built 1962 5,663 sqft lot Est $115k · 39% under ↓ 36% since listing

---

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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.4/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Schools +0.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great opportunity for an investor or first-time homebuyer! This classic brick bungalow features 3 bedrooms, 1 bath, a kitchen/dining combo, and a large basement complete with a built-in bar. The spacious backyard offers plenty of room for entertaining, along with a 2-car parking pad. Conveniently located just minutes from shopping, dining, schools, and major roadways. Whether you're looking for a quick flip, rental property, or a place to call home, this property offers solid potential and value. Cash, Conv, 203k loan eligible B/BATVAI, this is a bank owned property, this property may also be marketed via an auction event at www. hubzu.com. Seller will review offers submitted through the auction site and through listing agent.

Key facts

• Spacious backyard
• Large basement
• Built-in bar

Tags

• CLASSIC BRICK BUNGALOW
• LARGE BASEMENT
• BUILT-IN BAR
• SPACIOUS BACKYARD
• 2-CAR PARKING PAD

Property features AI

Exterior

• Utilities: Public water; Natural gas water heater
• Home design: Single-family residence; Residential property
• Construction: Brick construction; Built in 1962; Shingle roof
• Exterior features: Paved road access; Lot size about 0.13 acres

Interior

• Kitchen: Kitchen with eating area (approx. 19 x 17)
• Bedrooms: Primary bedroom (approx. 12 x 11); Bedroom 2 (approx. 11 x 10); Bedroom 3 (approx. 11 x 10)
• Bathrooms: 1 full bathroom (approx. 5 x 8)
• Heating & cooling: Forced air heating; Has cooling
• Interior features: Insulated windows; 6 total rooms; Full basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $540 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $70k).
• Cap rate 15.6% vs local median 9.3% in Inkster — 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 67/100 on livability (#406 in MI) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: health & safety D, schools F, crime F.
• Westwood Community School District (suburban): math 6% / reading 11% proficiency, ranked #529 of 540 in MI (top 98%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 81% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+3.0%/yr); 142 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• This rent runs 42% of the median local income ($39k/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 $483 of loan paydown is wiped out by about $2k 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 $20k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts 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.

Risks & watch-outs

• Watch-outs: property tax is 2.7% of price.

Recommended offer $69,900

Questions for the listing agent

1. Built in 1962 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 1.98% ✓
• Cap rate: 15.56%
• Cash-on-cash: 33.08%
• DSCR: 2.47
• GRM: 4.2

CMA / ARV

• ARV (on-the-fly): $115,073
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
26825 Kitch St	0.38mi	3/1.0	972 (+0%)	2mo	$130,000	$134	79
26656 Kitch St	0.35mi	3/1.0	909 (-6%)	6mo	$60,000	$66	69
2500 Weithoff Ct	0.42mi	3/1.0	1,050 (+9%)	3mo	$125,000	$119	64
25948 Penn St	0.55mi	3/1.0	1,031 (+7%)	1mo	$100,000	$97	62
3854 John Daly St	0.54mi	3/1.5	1,019 (+5%)	2mo	$42,000	$41	62
26628 Oakland St	0.54mi	3/1.0	921 (-5%)	6mo	$111,610	$121	62
26323 Kean St	0.44mi	3/1.0	1,080 (+12%)	1mo	$130,000	$120	60
26723 W Hills Dr	0.55mi	3/1.5	890 (-8%)	3mo	$110,000	$124	56
3930 Bayhan St	0.62mi	3/1.0	1,036 (+7%)	6mo	$111,610	$108	54
4052 Bayhan St	0.70mi	3/1.0	1,036 (+7%)	4mo	$91,000	$88	52
3826 Inkster Rd	0.69mi	3/1.5	880 (-9%)	4mo	$23,000	$26	48
25716 Notre Dame St	0.65mi	2/1.0 (-1)	850 (-12%)	6mo	$105,000	$124	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 · 2.95% rent growth · sell at horizon

5-year hold

• IRR: 28.3%
• Equity multiple: 2.18×
• Total profit: $23,034
• Equity at exit: $10,422

10-year hold

• IRR: 35.7%
• Equity multiple: 4.28×
• Total profit: $64,286
• Equity at exit: $6,044

Cash invested: $19,572 (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 48141

• Home prices YoY: -2.9%
• Rents YoY: 3.0%
• Active inventory: 142
• Price-to-rent: 4.2×

Monthly cashflow live

• Estimated rent: $1,384 high
• Mortgage (P&I): −$367
• Tax from tax record: −$158 /mo · $1,896/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$291
• Net cashflow: $540

Break-even live

Break-even rent $701

Max offer price $69,900

Occupancy floor 56%

Sensitivity live

Price	-10% $579	-5% $559	+0% $540	+5% $520	+10% $500
Rent	-10% $430	-5% $485	+0% $540	+5% $594	+10% $649
Rate	-1.0pp $575	-0.5pp $557	base $540	+0.5pp $521	+1.0pp $503

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: $17,475
• Closing costs: $2,097
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
26742 Penn St Inkster, MI	3.0	1.0	1000	$1,300	$1.30	17d	1	0.28mi
26707 Penn St Inkster, MI	3.0	1.0	900	$1,400	$1.56	5d	1	0.31mi
27139 Penn St Inkster, MI	3.0	1.0	832	$675	$0.81	18d	1	0.40mi
26382 Colgate St Inkster, MI	2.0	1.0	850	$935	$1.10	25d	1	0.64mi
25745 Princeton St Dearborn Heights, MI	3.0	1.0	1080	$1,500	$1.39	11d	1	0.64mi
25722 Carlysle St Dearborn Heights, MI	3.0	1.0	1040	$1,450	$1.39	18d	1	0.77mi
26159 Stanford St Inkster, MI	4.0	1.0	1056	$1,350	$1.28	5d	1	0.82mi
3236 Walnut St Inkster, MI	3.0	1.0	1096	$1,495	$1.36	0d	1	0.86mi
26089 Lehigh St Inkster, MI	2.0	1.0	900	$1,295	$1.44	18d	1	0.92mi
27184 Lucerne Dr Inkster, MI	3.0	1.0	1100	$1,250	$1.14	44d	1	1.01mi
3763 Heritage Pkwy Dearborn, MI	2.0	1.5	1035	$1,450	$1.40	44d	1	1.01mi
3755 Heritage Pkwy Dearborn, MI	2.0	1.0	830	$1,450	$1.75	44d	1	1.03mi
3809 Heritage Pkwy Dearborn, MI	2.0	1.5	1035	$1,400	$1.35	44d	1	1.08mi
4080 Isabelle St Inkster, MI	4.0	1.0	975	$1,150	$1.18	15d	1	1.22mi
4301 Harriet St Unit A-1 Inkster, MI	2.0	1.5	1000	$1,300	$1.30	44d	1	1.22mi
1189 Woodland Dr Inkster, MI	3.0	1.0	994	$1,400	$1.41	0d	1	1.23mi
4167 Isabelle St Inkster, MI	2.0	1.0	900	$1,295	$1.44	18d	1	1.24mi
1150 Magnolia Dr Inkster, MI	3.0	1.0	900	$1,300	$1.44	25d	1	1.29mi
25016 Lehigh St Dearborn Heights, MI	2.0	1.0	1000	$1,400	$1.40	5d	1	1.33mi
572 Tobin Dr Inkster, MI	1.0–3.0	1.0–2.0	936	$1,600	$1.71	0d	23	1.33mi
24720 Michigan Ave Dearborn, MI	2.0	1.0	900	$1,350	$1.50	44d	1	1.36mi
24442 Union St Dearborn, MI	3.0	1.5	1000	$1,900	$1.90	0d	1	1.38mi
24601 Andover Dr Dearborn Heights, MI	3.0	1.5	1092	$1,700	$1.56	2d	1	1.42mi
24684 Lehigh St Dearborn Heights, MI	4.0	1.0	878	$1,600	$1.82	12d	1	1.43mi

Listing history 9 events

1. 2026-06-15
   status $69,900 Pending 12 DOM
2. 2026-06-15
   days on market $69,900 Active 12 DOM
3. 2026-06-13
   days on market $69,900 Active 10 DOM
4. 2026-06-13
   days on market $69,900 Active 9 DOM
5. 2026-06-09
   days on market $69,900 Active 6 DOM
6. 2026-06-08
   days on market $69,900 Active 5 DOM
7. 2026-06-07
   days on market $69,900 Active 4 DOM
8. 2026-06-04
   remarks 699-char remark
9. 2026-06-04
   listed $69,900 Active 1 DOM

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

Tax reassessment forecast MI · Partial reset (capped growth)

• Current annual tax: $1,896 · $158/mo
• Projected year-2 tax: $1,896 · $158/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 ≥98°F today · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,607
• − Mortgage interest: −$3,915
• − Property taxes: −$1,896
• − Insurance: −$350
• − Repairs & maintenance: −$1,329
• − Management: −$1,329
• − Depreciation: −$2,033
• Taxable income: $5,755
• Est. tax owed @ 24.0%: −$1,381
• After-tax cash flow: $5,094/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: Westwood Community School District
• NCES district ID: 2611640
• Math proficiency: 6% ▼ -6.00%
• Reading proficiency: 11% ▼ -6.00%
• Median HH income: $36,350
• Composite: 7.06/100
• National rank: #9967
• State rank: #529 of 540 in MI

Livability — Inkster

• Score: 67/100
• State rank: #406
• US rank: #11087

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Inkster, MI
• County: Wayne County · 1,562,939 people
• City population: 25,428
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 25,428
• Household income: $39,252
• Rent vs Own: 53.2% rent · 46.8% own
• Severe rent burden: 1558.0

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: Predominantly Black (72%)
• Race & ethnicity: Black 72% White 17% Two or more races 7% Hispanic / Latino 2% Asian 1%
• Common ancestry: Romanian 3% Slovak 1% Italian 1%
• Foreign-born: 5% · Canada, China
• Languages at home: 92% English-only · Arabic 3% Other Asian/Pacific 1% Spanish 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: ▼ -11.74%
• Current HPI: 390.2139
• Rent YoY: ▲ 2.95%
• 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

-36.5% since first listed

11 events — show timeline

• 2026-06-02 Listed $69,900 REALCOMP
• 2026-06-02 Listed $69,900 MiRealSource-MiMLS
• 2026-06-02 Listed $69,900 SW Michigan MLS
• 2026-01-29 Listing Removed — REALCOMP
• 2026-01-14 Price Changed $104,000 MiRealSource-MiMLS
• 2026-01-14 Price Changed $105,000 MiRealSource-MiMLS
• 2026-01-14 Price Changed $10,500 MiRealSource-MiMLS
• 2026-01-14 Price Changed $104,000 REALCOMP
• 2026-01-13 Price Changed $105,000 REALCOMP
• 2026-01-13 Price Changed $10,500 REALCOMP
• 2025-10-30 Listed $110,000 REALCOMP

Property tax history

+3.0%/yr

Latest (2025): $1,896 · -9.6% YoY. Source: county tax records.