35799 Park Pl · Romulus, MI 48174

$110,000

3 bd · 1.5 ba · 974 sqft · SingleFamily public records · 82 Days on market

Built 1942 7,841 sqft lot $113/sqft · 31% below area Est $159k · 31% 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 +27.2/30.0
• ARV discount +15.0/15.0
• DSCR +9.5/10.0
• 1% rule +7.3/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Priced to sell! Welcome home to this charming and well-maintained 3-bedroom, 1-bath bungalow that perfectly blends comfort, functionality, and value! Step inside to an inviting open-concept layout where the living room, dining area, and kitchen flow seamlessly together creating a bright and airy space that's perfect for both everyday living and entertaining guests. The kitchen is a standout feature, offering beautiful granite countertops, ample cabinet space, and stainless steel appliances, all included, making it truly move-in ready from day one. The main floor includes two generously sized bedrooms filled with natural light, along with the added convenience of first-floor laundry, making daily routines effortless. Upstairs, you'll find a spacious primary bedroom that offers a private retreat with plenty of room for relaxation, storage, or even a small workspace. Outside, enjoy a large front porch that's perfect for morning coffee, unwinding in the evening, or welcoming guests. Whether you're a first-time homebuyer or looking to downsize, this home checks all the boxes. Priced to sell and thoughtfully cared for, it offers immediate occupancy and peace of mind with the seller providing the Certificate of Occupancy. Don't miss your chance to own this move-in ready gem - schedule your showing today!

Key facts

• Large front porch
• Granite countertops
• First-floor laundry

Tags

• OPEN-CONCEPT LAYOUT
• GRANITE COUNTERTOPS
• STAINLESS STEEL APPLIANCES
• FIRST-FLOOR LAUNDRY
• LARGE FRONT PORCH

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $110k.

Deal economics

• At list price, monthly cash flow is $315 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $110k).
• Recommended offer: $103k (6.0% below list) — sets the bar for market timing.
• Cap rate 9.7% 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; 6 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $761 of loan paydown is wiped out by about $3k 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 $31k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 82 days — a 6% lower offer ($103k) is reasonable based on typical stale-listing flexibility.
• 25 sale attempts since 14y ago; this cycle's ask has dropped $16k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $25k; list at $110k implies a 340% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1942 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $103,400 (6.0% below list)

Questions for the listing agent

1. It's been on market 82 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1942 — 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 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: 1.23% ✓
• Cap rate: 9.73%
• Cash-on-cash: 12.26%
• DSCR: 1.55
• GRM: 6.8

CMA / ARV

• ARV (median comp): $159,169
• List price: $110,000
• Delta: -30.89%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
35815 Cypress St	0.12mi	2/1.0 (-1)	966 (-1%)	1mo	$192,400	$199	85
6080 Biddle St	0.48mi	3/1.0	976 (+0%)	19mo	$160,000	$164	59
35411 Vinewood St	0.26mi	2/1.0 (-1)	1,034 (+6%)	15mo	$219,000	$212	58
6556 Washington St	0.37mi	3/1.0	1,050 (+8%)	12mo	$175,000	$167	58
35241 Phyllis St	0.74mi	3/1.0	1,026 (+5%)	23mo	$157,500	$154	35

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: 1.9%
• Equity multiple: 1.07×
• Total profit: $2,232
• Equity at exit: $16,401

10-year hold

• IRR: 11.5%
• Equity multiple: 1.90×
• Total profit: $27,819
• Equity at exit: $9,511

Cash invested: $30,800 (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 48174

• Active inventory: 215
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $1,355 high
• Mortgage (P&I): −$577
• Tax from tax record: −$133 /mo · $1,593/yr
• Insurance: −$46
• HOA: −$0
• Vacancy / Maint / Mgmt: −$284
• Net cashflow: $315

Break-even live

Break-even rent $956

Max offer price $110,000

Occupancy floor 72%

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: $27,500
• Closing costs: $3,300
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
35390 Van Born Rd #103 Wayne, MI	2.0	1.0	925	$1,100	$1.19	43d	1	0.70mi
5228 Fletcher St Wayne, MI	3.0	1.0	900	$1,750	$1.94	1d	1	0.86mi
34510 Van Born Rd Wayne, MI	2.0	1.0	990	$1,325	$1.34	14d	1	0.94mi
4916 S Wayne Rd Unit 1 Wayne, MI	2.0	1.0	650	$975	$1.50	12d	1	1.00mi
5672 Howe Rd Unit 15 Wayne, MI	2.0	1.0	700	$850	$1.21	17d	1	1.19mi
4924 Howe Rd Wayne, MI	3.0	1.0	1022	$1,300	$1.27	17d	1	1.39mi

Listing history 50 events

1. 2026-06-17
   status $110,000 Pending 82 DOM
2. 2026-06-17
   days on market $110,000 Active 82 DOM
3. 2026-06-16
   days on market $110,000 Active 81 DOM
4. 2026-06-15
   days on market $110,000 Active 80 DOM
5. 2026-06-13
   days on market $110,000 Active 78 DOM
6. 2026-06-13
   days on market $110,000 Active 77 DOM
7. 2026-06-09
   days on market $110,000 Active 74 DOM
8. 2026-06-08
   days on market $110,000 Active 73 DOM
9. 2026-06-07
   pricedays on market $110,000 Active 72 DOM
10. 2026-06-04
    days on market $117,500 Active 69 DOM
11. 2026-06-03
    days on market $117,500 Active 68 DOM
12. 2026-06-02
    days on market $117,500 Active 67 DOM
13. 2026-06-01
    days on market $117,500 Active 66 DOM
14. 2026-05-31
    days on market $117,500 Active 65 DOM
15. 2026-05-17
    price $119,900 1318-char remark

    Show marketing remark (1318 chars)

    Priced to sell! Welcome home to this charming and well-maintained 3-bedroom, 1-bath bungalow that perfectly blends comfort, functionality, and value! Step inside to an inviting open-concept layout where the living room, dining area, and kitchen flow seamlessly together creating a bright and airy space that's perfect for both everyday living and entertaining guests. The kitchen is a standout feature, offering beautiful granite countertops, ample cabinet space, and stainless steel appliances, all included, making it truly move-in ready from day one. The main floor includes two generously sized bedrooms filled with natural light, along with the added convenience of first-floor laundry, making daily routines effortless. Upstairs, you'll find a spacious primary bedroom that offers a private retreat with plenty of room for relaxation, storage, or even a small workspace. Outside, enjoy a large front porch that's perfect for morning coffee, unwinding in the evening, or welcoming guests. Whether you're a first-time homebuyer or looking to downsize, this home checks all the boxes. Priced to sell and thoughtfully cared for, it offers immediate occupancy and peace of mind with the seller providing the Certificate of Occupancy. Don't miss your chance to own this move-in ready gem - schedule your showing today!

16. 2026-05-16
    price $119,900 1352-char remark

    Show marketing remark (1352 chars)

    Priced to sell! Welcome home to this charming and well-maintained 3-bedroom, 1-bath bungalow that perfectly blends comfort, functionality, and value! Step inside to an inviting open-concept layout where the living room, dining area, and kitchen flow seamlessly together creating a bright and airy space that’s perfect for both everyday living and entertaining guests. The kitchen is a standout feature, offering beautiful granite countertops, ample cabinet space, and stainless steel appliances, all included, making it truly move-in ready from day one. The main floor includes two generously sized bedrooms filled with natural light, along with the added convenience of first-floor laundry, making daily routines effortless. Upstairs, you’ll find a spacious primary bedroom that offers a private retreat with plenty of room for relaxation, storage, or even a small workspace. Outside, enjoy a large front porch that’s perfect for morning coffee, unwinding in the evening, or welcoming guests. Whether you’re a first-time homebuyer or looking to downsize, this home checks all the boxes. Priced to sell and thoughtfully cared for, it offers immediate occupancy and peace of mind with the seller providing the Certificate of Occupancy. Don’t miss your chance to own this move-in ready gem—schedule your showing today!

17. 2026-05-01
    status Active 1352-char remark

    Show marketing remark (1352 chars)

    Priced to sell! Welcome home to this charming and well-maintained 3-bedroom, 1-bath bungalow that perfectly blends comfort, functionality, and value! Step inside to an inviting open-concept layout where the living room, dining area, and kitchen flow seamlessly together creating a bright and airy space that’s perfect for both everyday living and entertaining guests. The kitchen is a standout feature, offering beautiful granite countertops, ample cabinet space, and stainless steel appliances, all included, making it truly move-in ready from day one. The main floor includes two generously sized bedrooms filled with natural light, along with the added convenience of first-floor laundry, making daily routines effortless. Upstairs, you’ll find a spacious primary bedroom that offers a private retreat with plenty of room for relaxation, storage, or even a small workspace. Outside, enjoy a large front porch that’s perfect for morning coffee, unwinding in the evening, or welcoming guests. Whether you’re a first-time homebuyer or looking to downsize, this home checks all the boxes. Priced to sell and thoughtfully cared for, it offers immediate occupancy and peace of mind with the seller providing the Certificate of Occupancy. Don’t miss your chance to own this move-in ready gem—schedule your showing today!

18. 2026-04-30
    status Active 1318-char remark

    Show marketing remark (1318 chars)

    Priced to sell! Welcome home to this charming and well-maintained 3-bedroom, 1-bath bungalow that perfectly blends comfort, functionality, and value! Step inside to an inviting open-concept layout where the living room, dining area, and kitchen flow seamlessly together creating a bright and airy space that's perfect for both everyday living and entertaining guests. The kitchen is a standout feature, offering beautiful granite countertops, ample cabinet space, and stainless steel appliances, all included, making it truly move-in ready from day one. The main floor includes two generously sized bedrooms filled with natural light, along with the added convenience of first-floor laundry, making daily routines effortless. Upstairs, you'll find a spacious primary bedroom that offers a private retreat with plenty of room for relaxation, storage, or even a small workspace. Outside, enjoy a large front porch that's perfect for morning coffee, unwinding in the evening, or welcoming guests. Whether you're a first-time homebuyer or looking to downsize, this home checks all the boxes. Priced to sell and thoughtfully cared for, it offers immediate occupancy and peace of mind with the seller providing the Certificate of Occupancy. Don't miss your chance to own this move-in ready gem - schedule your showing today!

19. 2026-04-26
    historical Accepting Backup Offers 1318-char remark

    Show marketing remark (1352 chars)

    Priced to sell! Welcome home to this charming and well-maintained 3-bedroom, 1-bath bungalow that perfectly blends comfort, functionality, and value! Step inside to an inviting open-concept layout where the living room, dining area, and kitchen flow seamlessly together creating a bright and airy space that’s perfect for both everyday living and entertaining guests. The kitchen is a standout feature, offering beautiful granite countertops, ample cabinet space, and stainless steel appliances, all included, making it truly move-in ready from day one. The main floor includes two generously sized bedrooms filled with natural light, along with the added convenience of first-floor laundry, making daily routines effortless. Upstairs, you’ll find a spacious primary bedroom that offers a private retreat with plenty of room for relaxation, storage, or even a small workspace. Outside, enjoy a large front porch that’s perfect for morning coffee, unwinding in the evening, or welcoming guests. Whether you’re a first-time homebuyer or looking to downsize, this home checks all the boxes. Priced to sell and thoughtfully cared for, it offers immediate occupancy and peace of mind with the seller providing the Certificate of Occupancy. Don’t miss your chance to own this move-in ready gem—schedule your showing today!

20. 2026-04-26
    historical Active Under Contract 1352-char remark

    Show marketing remark (1352 chars)

    Priced to sell! Welcome home to this charming and well-maintained 3-bedroom, 1-bath bungalow that perfectly blends comfort, functionality, and value! Step inside to an inviting open-concept layout where the living room, dining area, and kitchen flow seamlessly together creating a bright and airy space that’s perfect for both everyday living and entertaining guests. The kitchen is a standout feature, offering beautiful granite countertops, ample cabinet space, and stainless steel appliances, all included, making it truly move-in ready from day one. The main floor includes two generously sized bedrooms filled with natural light, along with the added convenience of first-floor laundry, making daily routines effortless. Upstairs, you’ll find a spacious primary bedroom that offers a private retreat with plenty of room for relaxation, storage, or even a small workspace. Outside, enjoy a large front porch that’s perfect for morning coffee, unwinding in the evening, or welcoming guests. Whether you’re a first-time homebuyer or looking to downsize, this home checks all the boxes. Priced to sell and thoughtfully cared for, it offers immediate occupancy and peace of mind with the seller providing the Certificate of Occupancy. Don’t miss your chance to own this move-in ready gem—schedule your showing today!

21. 2026-04-13
    price $120,000 1318-char remark

    Show marketing remark (1318 chars)

    Priced to sell! Welcome home to this charming and well-maintained 3-bedroom, 1-bath bungalow that perfectly blends comfort, functionality, and value! Step inside to an inviting open-concept layout where the living room, dining area, and kitchen flow seamlessly together creating a bright and airy space that's perfect for both everyday living and entertaining guests. The kitchen is a standout feature, offering beautiful granite countertops, ample cabinet space, and stainless steel appliances, all included, making it truly move-in ready from day one. The main floor includes two generously sized bedrooms filled with natural light, along with the added convenience of first-floor laundry, making daily routines effortless. Upstairs, you'll find a spacious primary bedroom that offers a private retreat with plenty of room for relaxation, storage, or even a small workspace. Outside, enjoy a large front porch that's perfect for morning coffee, unwinding in the evening, or welcoming guests. Whether you're a first-time homebuyer or looking to downsize, this home checks all the boxes. Priced to sell and thoughtfully cared for, it offers immediate occupancy and peace of mind with the seller providing the Certificate of Occupancy. Don't miss your chance to own this move-in ready gem - schedule your showing today!

22. 2026-04-12
    price $120,000 1352-char remark

    Show marketing remark (1352 chars)

    Priced to sell! Welcome home to this charming and well-maintained 3-bedroom, 1-bath bungalow that perfectly blends comfort, functionality, and value! Step inside to an inviting open-concept layout where the living room, dining area, and kitchen flow seamlessly together creating a bright and airy space that’s perfect for both everyday living and entertaining guests. The kitchen is a standout feature, offering beautiful granite countertops, ample cabinet space, and stainless steel appliances, all included, making it truly move-in ready from day one. The main floor includes two generously sized bedrooms filled with natural light, along with the added convenience of first-floor laundry, making daily routines effortless. Upstairs, you’ll find a spacious primary bedroom that offers a private retreat with plenty of room for relaxation, storage, or even a small workspace. Outside, enjoy a large front porch that’s perfect for morning coffee, unwinding in the evening, or welcoming guests. Whether you’re a first-time homebuyer or looking to downsize, this home checks all the boxes. Priced to sell and thoughtfully cared for, it offers immediate occupancy and peace of mind with the seller providing the Certificate of Occupancy. Don’t miss your chance to own this move-in ready gem—schedule your showing today!

23. 2026-04-08
    price $124,900 1318-char remark

    Show marketing remark (1352 chars)

    Priced to sell! Welcome home to this charming and well-maintained 3-bedroom, 1-bath bungalow that perfectly blends comfort, functionality, and value! Step inside to an inviting open-concept layout where the living room, dining area, and kitchen flow seamlessly together creating a bright and airy space that’s perfect for both everyday living and entertaining guests. The kitchen is a standout feature, offering beautiful granite countertops, ample cabinet space, and stainless steel appliances, all included, making it truly move-in ready from day one. The main floor includes two generously sized bedrooms filled with natural light, along with the added convenience of first-floor laundry, making daily routines effortless. Upstairs, you’ll find a spacious primary bedroom that offers a private retreat with plenty of room for relaxation, storage, or even a small workspace. Outside, enjoy a large front porch that’s perfect for morning coffee, unwinding in the evening, or welcoming guests. Whether you’re a first-time homebuyer or looking to downsize, this home checks all the boxes. Priced to sell and thoughtfully cared for, it offers immediate occupancy and peace of mind with the seller providing the Certificate of Occupancy. Don’t miss your chance to own this move-in ready gem—schedule your showing today!

24. 2026-04-08
    price $124,900 1352-char remark

    Show marketing remark (1352 chars)

    Priced to sell! Welcome home to this charming and well-maintained 3-bedroom, 1-bath bungalow that perfectly blends comfort, functionality, and value! Step inside to an inviting open-concept layout where the living room, dining area, and kitchen flow seamlessly together creating a bright and airy space that’s perfect for both everyday living and entertaining guests. The kitchen is a standout feature, offering beautiful granite countertops, ample cabinet space, and stainless steel appliances, all included, making it truly move-in ready from day one. The main floor includes two generously sized bedrooms filled with natural light, along with the added convenience of first-floor laundry, making daily routines effortless. Upstairs, you’ll find a spacious primary bedroom that offers a private retreat with plenty of room for relaxation, storage, or even a small workspace. Outside, enjoy a large front porch that’s perfect for morning coffee, unwinding in the evening, or welcoming guests. Whether you’re a first-time homebuyer or looking to downsize, this home checks all the boxes. Priced to sell and thoughtfully cared for, it offers immediate occupancy and peace of mind with the seller providing the Certificate of Occupancy. Don’t miss your chance to own this move-in ready gem—schedule your showing today!

25. 2026-03-27
    listed $126,500 Active 1318-char remark

    Show marketing remark (1352 chars)

    Priced to sell! Welcome home to this charming and well-maintained 3-bedroom, 1-bath bungalow that perfectly blends comfort, functionality, and value! Step inside to an inviting open-concept layout where the living room, dining area, and kitchen flow seamlessly together creating a bright and airy space that’s perfect for both everyday living and entertaining guests. The kitchen is a standout feature, offering beautiful granite countertops, ample cabinet space, and stainless steel appliances, all included, making it truly move-in ready from day one. The main floor includes two generously sized bedrooms filled with natural light, along with the added convenience of first-floor laundry, making daily routines effortless. Upstairs, you’ll find a spacious primary bedroom that offers a private retreat with plenty of room for relaxation, storage, or even a small workspace. Outside, enjoy a large front porch that’s perfect for morning coffee, unwinding in the evening, or welcoming guests. Whether you’re a first-time homebuyer or looking to downsize, this home checks all the boxes. Priced to sell and thoughtfully cared for, it offers immediate occupancy and peace of mind with the seller providing the Certificate of Occupancy. Don’t miss your chance to own this move-in ready gem—schedule your showing today!

26. 2026-03-27
    listed $126,500 Active 1352-char remark

    Show marketing remark (1352 chars)

    Priced to sell! Welcome home to this charming and well-maintained 3-bedroom, 1-bath bungalow that perfectly blends comfort, functionality, and value! Step inside to an inviting open-concept layout where the living room, dining area, and kitchen flow seamlessly together creating a bright and airy space that’s perfect for both everyday living and entertaining guests. The kitchen is a standout feature, offering beautiful granite countertops, ample cabinet space, and stainless steel appliances, all included, making it truly move-in ready from day one. The main floor includes two generously sized bedrooms filled with natural light, along with the added convenience of first-floor laundry, making daily routines effortless. Upstairs, you’ll find a spacious primary bedroom that offers a private retreat with plenty of room for relaxation, storage, or even a small workspace. Outside, enjoy a large front porch that’s perfect for morning coffee, unwinding in the evening, or welcoming guests. Whether you’re a first-time homebuyer or looking to downsize, this home checks all the boxes. Priced to sell and thoughtfully cared for, it offers immediate occupancy and peace of mind with the seller providing the Certificate of Occupancy. Don’t miss your chance to own this move-in ready gem—schedule your showing today!

27. 2026-03-26
    historical
28. 2026-03-26
    historical
29. 2026-03-19
    status Active
30. 2026-03-18
    historical
31. 2026-01-30
    listed $130,000 Active
32. 2026-01-30
    listed $130,000 Active
33. 2026-01-28
    historical
34. 2022-06-27
    soldstatus $25,000
35. 2022-06-27
    soldstatus $123,000
36. 2022-05-27
    soldstatus $123,000 Sold
37. 2022-05-27
    soldstatus $123,000 Closed
38. 2022-04-30
    historical Accepting Backup Offers
39. 2022-04-30
    historical Accepting Backup Offers
40. 2022-04-18
    status Active
41. 2022-04-18
    status Active
42. 2022-04-14
    status Pending
43. 2022-04-14
    status Pending
44. 2022-04-07
    listed $119,900 Active
45. 2022-04-07
    listed $119,900 Active
46. 2022-03-30
    historical
47. 2022-03-30
    historical
48. 2022-03-16
    listed $125,900 Active
49. 2022-03-16
    listed $125,900 Active
50. 2021-10-10
    historical

ⓘ 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: $1,593 · $133/mo
• Projected year-2 tax: $1,643 · $137/mo
• Expected delta: +$51/yr (+$4/mo · 3.2%)

ⓘ 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 2/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥97°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,254
• − Mortgage interest: −$6,162
• − Property taxes: −$1,593
• − Insurance: −$550
• − Repairs & maintenance: −$1,300
• − Management: −$1,300
• − Depreciation: −$3,200
• Taxable income: $2,149
• Est. tax owed @ 24.0%: −$516
• After-tax cash flow: $3,260/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: 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
▸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

+499.5% since first listed

64 events — show timeline

• 2026-05-17 Price Changed $119,900 MiRealSource-MiMLS
• 2026-05-16 Price Changed $119,900 REALCOMP
• 2026-05-01 Relisted — REALCOMP
• 2026-04-30 Relisted — MiRealSource-MiMLS
• 2026-04-26 Contingent — MiRealSource-MiMLS
• 2026-04-26 Contingent — REALCOMP
• 2026-04-13 Price Changed $120,000 MiRealSource-MiMLS
• 2026-04-12 Price Changed $120,000 REALCOMP
• 2026-04-08 Price Changed $124,900 MiRealSource-MiMLS
• 2026-04-08 Price Changed $124,900 REALCOMP
• 2026-03-27 Listed $126,500 REALCOMP
• 2026-03-27 Listed $126,500 MiRealSource-MiMLS
• 2026-03-26 Listing Removed — MiRealSource-MiMLS
• 2026-03-26 Listing Removed — REALCOMP
• 2026-03-19 Relisted — REALCOMP
• 2026-03-18 Listing Removed — REALCOMP
• 2026-01-30 Listed $130,000 MiRealSource-MiMLS
• 2026-01-30 Listed $130,000 REALCOMP
• 2026-01-28 Coming Soon — MiRealSource-MiMLS
• 2022-06-27 Sold (Public Records) $123,000 Public Records
• 2022-06-27 Sold (Public Records) $25,000 Public Records
• 2022-05-27 Sold (MLS) $123,000 MiRealSource-MiMLS
• 2022-05-27 Sold (MLS) $123,000 REALCOMP
• 2022-04-30 Contingent — REALCOMP
• 2022-04-30 Contingent — MiRealSource-MiMLS
• 2022-04-18 Relisted — REALCOMP
• 2022-04-18 Relisted — MiRealSource-MiMLS
• 2022-04-14 Pending — REALCOMP
• 2022-04-14 Pending — MiRealSource-MiMLS
• 2022-04-07 Listed $119,900 MiRealSource-MiMLS
• 2022-04-07 Listed $119,900 REALCOMP
• 2022-03-30 Listing Removed — REALCOMP
• 2022-03-30 Listing Removed — MiRealSource-MiMLS
• 2022-03-16 Listed $125,900 MiRealSource-MiMLS
• 2022-03-16 Listed $125,900 REALCOMP
• 2021-10-10 Listing Removed — REALCOMP
• 2021-10-10 Listing Removed — MiRealSource-MiMLS
• 2021-09-24 Listed $114,900 MiRealSource-MiMLS
• 2021-09-24 Listed $114,900 REALCOMP
• 2018-10-19 Sold (MLS) $25,000 MiRealSource-MiMLS
• 2018-10-19 Sold (MLS) $25,000 REALCOMP
• 2018-09-14 Pending — MiRealSource-MiMLS
• 2018-09-14 Pending — REALCOMP
• 2018-07-26 Relisted — MiRealSource-MiMLS
• 2018-07-26 Relisted — REALCOMP
• 2018-07-18 Sold (Public Records) $16,000 Public Records
• 2018-06-25 Pending — MiRealSource-MiMLS
• 2018-06-25 Pending — REALCOMP
• 2018-06-14 Relisted — MiRealSource-MiMLS
• 2018-06-14 Relisted — REALCOMP
• 2018-06-04 Pending — MiRealSource-MiMLS
• 2018-06-04 Pending — REALCOMP
• 2018-05-30 Listed $25,000 MiRealSource-MiMLS
• 2018-05-30 Listed $25,000 REALCOMP
• 2014-12-18 Listing Removed — REALCOMP
• 2014-12-17 Listing Removed — MiRealSource-MiMLS
• 2014-03-27 Listed $29,900 REALCOMP
• 2014-03-27 Listed $29,900 MiRealSource-MiMLS
• 2013-03-30 Sold (MLS) $16,000 MiRealSource-MiMLS
• 2013-03-30 Sold (MLS) $16,000 REALCOMP
• 2013-02-04 Listing Removed — MiRealSource-MiMLS
• 2013-02-04 Listing Removed — REALCOMP
• 2012-05-02 Listed $20,000 MiRealSource-MiMLS
• 2012-05-02 Listed $20,000 REALCOMP

Property tax history

+2.3%/yr

Latest (2025): $1,593 · -20.0% YoY. Source: county tax records.