30026 Bock St · Garden City, MI 48135

$175,000

3 bd · 1.5 ba · 925 sqft · SingleFamily public records · 5 Days on market

Built 1963 7,841 sqft lot Est $180k · at est.

---

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).

• ARV discount +8.8/15.0
• Cash flow +8.0/30.0
• 1% rule +4.2/10.0
• Livability +4.1/5.0
• Rent growth +3.4/5.0
• Schools +2.6/10.0
• Condition / age +2.5/5.0
• DSCR +2.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Well-maintained 3-bedroom, 1.5-bath ranch home featuring a spacious layout and a large kitchen perfect for everyday living and entertaining. Enjoy a huge basement complete with a wet bar, additional bathroom, and ample storage space. The property also offers a nice-sized backyard and a spacious 2-car garage. Conveniently located near freeways, shopping, and dining. Schedule your appointment today! Buyer to assume ordering city inspection and repairs needed.

Key facts

• 7,841 sq ft lot
• 2 garage spots
• Built 1963

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $-176 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $144k (17.8% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $160k (8.4% below list).
• Recommended offer: $144k (17.8% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads 82/100 on livability (#53 in MI, #1,047 nationally) — a professional / high-income tenant draw. Strengths: cost of living A+, housing A+, commute A; Watch: employment C-, schools D-.
• Garden City Public Schools (suburban): math 22% / reading 36% proficiency, ranked #365 of 540 in MI (top 68%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising (+3.6%/yr); 134 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals at typical pace (median 22d 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 $1k of loan paydown is wiped out by about $5k 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.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 7y 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 $140k; 25% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: property tax is 3.1% of price.

Recommended offer $143,922 (17.8% 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 1963 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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. 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?
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: 0.92% ✗
• Cap rate: 5.09%
• Cash-on-cash: -4.31%
• DSCR: 0.81
• GRM: 9.1

CMA / ARV

• ARV (on-the-fly): $180,375
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
29725 Brown Ct	0.26mi	3/1.0	925 (0%)	1mo	$185,000	$200	85
535 Lytle Pl	0.59mi	3/1.0	935 (+1%)	8mo	$173,000	$185	62
431 Lytle Pl	0.63mi	3/1.0	967 (+4%)	1mo	$153,600	$159	60
30549 Marquette St	0.38mi	3/1.0	1,013 (+10%)	8mo	$148,000	$146	58
29455 Rosslyn Ave	0.54mi	3/1.0	1,010 (+9%)	0mo	$180,000	$178	57
462 Clair St	0.57mi	3/1.0	1,000 (+8%)	1mo	$265,000	$265	57
28969 Sheridan St	0.66mi	3/1.5	1,002 (+8%)	3mo	$242,000	$242	53
31244 Rosslyn Ave	0.72mi	3/1.0	1,000 (+8%)	0mo	$224,900	$225	50
577 Brandt St	0.54mi	2/1.0 (-1)	860 (-7%)	7mo	$170,000	$198	50
29487 Florence St	0.58mi	2/1.0 (-1)	855 (-8%)	4mo	$140,000	$164	50
29870 Elmwood St	0.62mi	3/1.0	844 (-9%)	8mo	$165,000	$195	47
28980 Dawson St	0.71mi	2/1.0 (-1)	800 (-14%)	0mo	$137,500	$172	37

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 · 3.65% rent growth · sell at horizon

5-year hold

• IRR: -22.6%
• Equity multiple: 0.22×
• Total profit: $-38,339
• Equity at exit: $26,093

10-year hold

• IRR: -14.7%
• Equity multiple: 0.13×
• Total profit: $-42,743
• Equity at exit: $15,131

Cash invested: $49,000 (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 48135

• Rents YoY: 3.6%
• Active inventory: 134
• Price-to-rent: 9.1×

Monthly cashflow live

• Estimated rent: $1,604 high
• Mortgage (P&I): −$918
• Tax from tax record: −$452 /mo · $5,426/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$337
• Net cashflow: $-176

Break-even live

Break-even rent $1,826

Max offer price $143,922

Occupancy floor —

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: $43,750
• Closing costs: $5,250
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
536 N Leona Ave Garden City, MI	3.0	1.0	1000	$1,440	$1.44	12d	1	0.53mi
130 E Tami Cir Westland, MI	1.0–2.0	1.0–1.5	800	$1,209	$1.51	43d	3	0.86mi
31217 Cherry Hill Rd Westland, MI	3.0	1.0	1100	$1,800	$1.64	4d	1	0.96mi
5927 Lathers St Garden City, MI	3.0	1.0	1000	$1,600	$1.60	1d	1	0.98mi
30520 Hiveley St Westland, MI	3.0	1.0	1105	$1,700	$1.54	21d	1	1.02mi
5839 Helen St Garden City, MI	3.0	1.0	984	$1,500	$1.52	24d	1	1.07mi
30043 Grandview St Unit 1 Inkster, MI	3.0	1.5	1004	$1,275	$1.27	43d	1	1.19mi
30500 Warren Rd Westland, MI	2.0	1.0	900	$1,128	$1.25	43d	1	1.21mi
29800 Oakwood St Inkster, MI	3.0	1.0	1040	$1,400	$1.35	12d	1	1.31mi
29203 Oakwood St Inkster, MI	3.0	1.5	912	$1,600	$1.75	1d	1	1.38mi
30010 Hazelwood St Inkster, MI	3.0	1.0	1044	$1,300	$1.25	43d	1	1.42mi
32214 Dover St Garden City, MI	3.0	1.0	1000	$1,340	$1.34	11d	1	1.43mi
110 Waterbury Ct Westland, MI	2.0	1.0–2.0	581	$1,350	$2.32	1d	7	1.44mi
31480 Warren Rd Unit 203 Westland, MI	2.0	2.0	995	$1,650	$1.66	43d	1	1.47mi

Listing history 14 events

1. 2026-04-23
   status Pending 461-char remark

   Show marketing remark (461 chars)

   Well-maintained 3-bedroom, 1.5-bath ranch home featuring a spacious layout and a large kitchen perfect for everyday living and entertaining. Enjoy a huge basement complete with a wet bar, additional bathroom, and ample storage space. The property also offers a nice-sized backyard and a spacious 2-car garage. Conveniently located near freeways, shopping, and dining. Schedule your appointment today! Buyer to assume ordering city inspection and repairs needed.

2. 2026-04-23
   status Pending

   Show marketing remark (461 chars)

   Well-maintained 3-bedroom, 1.5-bath ranch home featuring a spacious layout and a large kitchen perfect for everyday living and entertaining. Enjoy a huge basement complete with a wet bar, additional bathroom, and ample storage space. The property also offers a nice-sized backyard and a spacious 2-car garage. Conveniently located near freeways, shopping, and dining. Schedule your appointment today! Buyer to assume ordering city inspection and repairs needed.

3. 2026-04-22
   historical Accepting Backup Offers 461-char remark

   Show marketing remark (461 chars)

   Well-maintained 3-bedroom, 1.5-bath ranch home featuring a spacious layout and a large kitchen perfect for everyday living and entertaining. Enjoy a huge basement complete with a wet bar, additional bathroom, and ample storage space. The property also offers a nice-sized backyard and a spacious 2-car garage. Conveniently located near freeways, shopping, and dining. Schedule your appointment today! Buyer to assume ordering city inspection and repairs needed.

4. 2026-04-22
   historical Active Under Contract

   Show marketing remark (461 chars)

   Well-maintained 3-bedroom, 1.5-bath ranch home featuring a spacious layout and a large kitchen perfect for everyday living and entertaining. Enjoy a huge basement complete with a wet bar, additional bathroom, and ample storage space. The property also offers a nice-sized backyard and a spacious 2-car garage. Conveniently located near freeways, shopping, and dining. Schedule your appointment today! Buyer to assume ordering city inspection and repairs needed.

5. 2026-04-19
   listed $175,000 Active 461-char remark

   Show marketing remark (461 chars)

   Well-maintained 3-bedroom, 1.5-bath ranch home featuring a spacious layout and a large kitchen perfect for everyday living and entertaining. Enjoy a huge basement complete with a wet bar, additional bathroom, and ample storage space. The property also offers a nice-sized backyard and a spacious 2-car garage. Conveniently located near freeways, shopping, and dining. Schedule your appointment today! Buyer to assume ordering city inspection and repairs needed.

6. 2026-04-19
   listed $175,000 Active

   Show marketing remark (461 chars)

   Well-maintained 3-bedroom, 1.5-bath ranch home featuring a spacious layout and a large kitchen perfect for everyday living and entertaining. Enjoy a huge basement complete with a wet bar, additional bathroom, and ample storage space. The property also offers a nice-sized backyard and a spacious 2-car garage. Conveniently located near freeways, shopping, and dining. Schedule your appointment today! Buyer to assume ordering city inspection and repairs needed.

7. 2026-04-17
   historical $175,000 461-char remark

   Show marketing remark (461 chars)

   Well-maintained 3-bedroom, 1.5-bath ranch home featuring a spacious layout and a large kitchen perfect for everyday living and entertaining. Enjoy a huge basement complete with a wet bar, additional bathroom, and ample storage space. The property also offers a nice-sized backyard and a spacious 2-car garage. Conveniently located near freeways, shopping, and dining. Schedule your appointment today! Buyer to assume ordering city inspection and repairs needed.

8. 2019-03-06
   soldstatus $140,000
9. 2019-03-05
   soldstatus $140,000 Sold 504-char remark

   Show marketing remark (504 chars)

   MOVE RIGHT IN TO THIS UPDATED HOME IN A GREAT NEIGHBORHOOD! HOME FEATURES A LARGE KITCHEN WITH NEW CABINETS, GRANET COUNTERTOPS, AND PREMIUM STAINLESS STEEL APPLIANCES (ALL INCLUDED WITH SALE). MODERN STYLE BATHROOM WITH TILE TUB AND CUSTOM VANITY. NEW FLOORING AND NEUTRAL PAINT COLORS THROUGHOUT. LARGE BASEMENT WITH WET BAR, BATHROOM, AND AMPLE STORAGE SPACE. NICE SIZE BACKYARD AND SPACIOUS 2 CAR GARAGE. CLOSE TO FREEWAYS, SHOPPING AND DINING. SCHEDULE YOUR APPOINTMENT TODAY! BROKER IS ALSO SELLER.

10. 2019-03-05
    soldstatus $140,000 Closed

    Show marketing remark (504 chars)

    MOVE RIGHT IN TO THIS UPDATED HOME IN A GREAT NEIGHBORHOOD! HOME FEATURES A LARGE KITCHEN WITH NEW CABINETS, GRANET COUNTERTOPS, AND PREMIUM STAINLESS STEEL APPLIANCES (ALL INCLUDED WITH SALE). MODERN STYLE BATHROOM WITH TILE TUB AND CUSTOM VANITY. NEW FLOORING AND NEUTRAL PAINT COLORS THROUGHOUT. LARGE BASEMENT WITH WET BAR, BATHROOM, AND AMPLE STORAGE SPACE. NICE SIZE BACKYARD AND SPACIOUS 2 CAR GARAGE. CLOSE TO FREEWAYS, SHOPPING AND DINING. SCHEDULE YOUR APPOINTMENT TODAY! BROKER IS ALSO SELLER.

11. 2019-01-29
    status Pending

    Show marketing remark (504 chars)

    MOVE RIGHT IN TO THIS UPDATED HOME IN A GREAT NEIGHBORHOOD! HOME FEATURES A LARGE KITCHEN WITH NEW CABINETS, GRANET COUNTERTOPS, AND PREMIUM STAINLESS STEEL APPLIANCES (ALL INCLUDED WITH SALE). MODERN STYLE BATHROOM WITH TILE TUB AND CUSTOM VANITY. NEW FLOORING AND NEUTRAL PAINT COLORS THROUGHOUT. LARGE BASEMENT WITH WET BAR, BATHROOM, AND AMPLE STORAGE SPACE. NICE SIZE BACKYARD AND SPACIOUS 2 CAR GARAGE. CLOSE TO FREEWAYS, SHOPPING AND DINING. SCHEDULE YOUR APPOINTMENT TODAY! BROKER IS ALSO SELLER.

12. 2019-01-29
    status Pending 504-char remark

    Show marketing remark (504 chars)

    MOVE RIGHT IN TO THIS UPDATED HOME IN A GREAT NEIGHBORHOOD! HOME FEATURES A LARGE KITCHEN WITH NEW CABINETS, GRANET COUNTERTOPS, AND PREMIUM STAINLESS STEEL APPLIANCES (ALL INCLUDED WITH SALE). MODERN STYLE BATHROOM WITH TILE TUB AND CUSTOM VANITY. NEW FLOORING AND NEUTRAL PAINT COLORS THROUGHOUT. LARGE BASEMENT WITH WET BAR, BATHROOM, AND AMPLE STORAGE SPACE. NICE SIZE BACKYARD AND SPACIOUS 2 CAR GARAGE. CLOSE TO FREEWAYS, SHOPPING AND DINING. SCHEDULE YOUR APPOINTMENT TODAY! BROKER IS ALSO SELLER.

13. 2019-01-26
    listed $140,000 Active 504-char remark

    Show marketing remark (504 chars)

    MOVE RIGHT IN TO THIS UPDATED HOME IN A GREAT NEIGHBORHOOD! HOME FEATURES A LARGE KITCHEN WITH NEW CABINETS, GRANET COUNTERTOPS, AND PREMIUM STAINLESS STEEL APPLIANCES (ALL INCLUDED WITH SALE). MODERN STYLE BATHROOM WITH TILE TUB AND CUSTOM VANITY. NEW FLOORING AND NEUTRAL PAINT COLORS THROUGHOUT. LARGE BASEMENT WITH WET BAR, BATHROOM, AND AMPLE STORAGE SPACE. NICE SIZE BACKYARD AND SPACIOUS 2 CAR GARAGE. CLOSE TO FREEWAYS, SHOPPING AND DINING. SCHEDULE YOUR APPOINTMENT TODAY! BROKER IS ALSO SELLER.

14. 2019-01-26
    listed $140,000 Active

    Show marketing remark (504 chars)

    MOVE RIGHT IN TO THIS UPDATED HOME IN A GREAT NEIGHBORHOOD! HOME FEATURES A LARGE KITCHEN WITH NEW CABINETS, GRANET COUNTERTOPS, AND PREMIUM STAINLESS STEEL APPLIANCES (ALL INCLUDED WITH SALE). MODERN STYLE BATHROOM WITH TILE TUB AND CUSTOM VANITY. NEW FLOORING AND NEUTRAL PAINT COLORS THROUGHOUT. LARGE BASEMENT WITH WET BAR, BATHROOM, AND AMPLE STORAGE SPACE. NICE SIZE BACKYARD AND SPACIOUS 2 CAR GARAGE. CLOSE TO FREEWAYS, SHOPPING AND DINING. SCHEDULE YOUR APPOINTMENT TODAY! BROKER IS ALSO SELLER.

ⓘ 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: $5,426 · $452/mo
• Projected year-2 tax: $5,426 · $452/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 · 15 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: $19,244
• − Mortgage interest: −$9,803
• − Property taxes: −$5,426
• − Insurance: −$875
• − Repairs & maintenance: −$1,540
• − Management: −$1,540
• − Depreciation: −$5,091
• Taxable loss: −$5,030
• Est. tax savings @ 24.0%: +$1,207
• After-tax cash flow: $-904/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: Garden City Public Schools
• NCES district ID: 2615540
• Math proficiency: 22% ▼ -11.00%
• Reading proficiency: 36% ▼ -13.00%
• Median HH income: $52,165
• Composite: 25.53/100
• National rank: #7433
• State rank: #365 of 540 in MI

Livability — Garden City

• Score: 82/100
• State rank: #53
• US rank: #1047

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Garden City, MI
• County: Wayne County · 1,562,939 people
• City population: 26,739
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 26,739
• Household income: $67,294
• Rent vs Own: 20.9% rent · 79.1% own
• Severe rent burden: 509.0

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 White (82%)
• Race & ethnicity: White 82% Two or more races 8% Black 7% Hispanic / Latino 5%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Romanian 13% Italian 4% Slovak 3%
• Foreign-born: 4% · Canada
• Languages at home: 94% English-only · Arabic 3% Spanish 1% Other Indo-European 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: ▼ -265.28%
• Current HPI: 212.5713
• Rent YoY: ▲ 3.65%
• 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

+25.0% since first listed

14 events — show timeline

• 2026-04-23 Pending — MiRealSource-MiMLS
• 2026-04-23 Pending — REALCOMP
• 2026-04-22 Contingent — MiRealSource-MiMLS
• 2026-04-22 Contingent — REALCOMP
• 2026-04-19 Listed $175,000 MiRealSource-MiMLS
• 2026-04-19 Listed $175,000 REALCOMP
• 2026-04-17 Coming Soon $175,000 MiRealSource-MiMLS
• 2019-03-06 Sold (Public Records) $140,000 Public Records
• 2019-03-05 Sold (MLS) $140,000 MiRealSource-MiMLS
• 2019-03-05 Sold (MLS) $140,000 REALCOMP
• 2019-01-29 Pending — MiRealSource-MiMLS
• 2019-01-29 Pending — REALCOMP
• 2019-01-26 Listed $140,000 MiRealSource-MiMLS
• 2019-01-26 Listed $140,000 REALCOMP

Property tax history

+10.0%/yr

Latest (2025): $5,426 · -3.3% YoY. Source: county tax records.