5615 Cherokee Bend Bnd · Brighton, MI 48843

$225,000

4 bd · 2.0 ba · 1,404 sqft · Manufactured public records · 14 Days on market

Built 2017 0.37 ac lot

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Why this score? — see what drove the C 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 +24.5/30.0
• DSCR +7.9/10.0
• ARV discount +7.5/15.0
• 1% rule +6.4/10.0
• Schools +4.1/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Calling All Buyers! This spectacular 4 bedroom, 2 bath home, built in 2017 and shows like a model home. As soon as you walk through the door you will fall in love with the modern open floor plan. The kitchen features a spacious island/snack bar and comes with all the appliances. Laundry/Mechanical room has a service side door leading to the back yard. When you step into the primary suite you will be wowed by the size of this room. It features a large walk in closet and private double sink vanity. Note worth details, 6 inch exterior walls, fully drywalled for low heat and a/c bills, new water softener in 2026, each room is pre-wired for cable, new microwave and disposal in 2026. Exterior features include a large fenced in back yard with firepit, carport/ outdoor covered entertainment area, new deck, lots of parking, 1.5 car garage metal roof and heated well house attached. paved roads, convenient location to all Livingston County has to offer. Close to freeways, dining and shopping, Located in Genoa township and the Howell school district. Note: Hartland school district also runs through the community. No HOA, No lot rent. You own the land! Lake Chemung has a public boat launch so you can enjoy access to an all sports lake just down the street from this community. You won't find a better bang for you buck in Livingston County! All buyers must be accompanied by a licensed Realtor.

Key facts

• 0.37 acre lot
• Garage
• Built 2017

Property features AI

Exterior

• Parking: Detached garage; Garage faces front; Carport; Approximately 1.5 garage spaces
• Security: Carbon monoxide detectors; Smoke detectors
• Utilities: Private well water; Public sewer; Circuit breaker electric; Cable available; Underground utilities
• Home design: Single-family residence; One level
• Construction: Vinyl siding; Slab foundation
• Exterior features: Deck; Back yard fencing; Fenced yard; Asphalt roof; Ground-level entry with steps; Paved road access; Lot dimensions approximately 81 x 200 x 84 x 225 (0.37 acres)

Interior

• Kitchen: Dishwasher; Disposal; Free-standing gas range; Free-standing refrigerator; Microwave; Range hood; Water purifier (owned)
• Bedrooms: Total rooms: 8
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central air; Ceiling fan(s); Forced air heating; Natural gas heating
• Interior features: Smart thermostat; Unfurnished
• Laundry & utility: Washer; Washer hookup; Electric dryer hookup; Laundry room; Electric water heater; Water softener (owned)

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath manufactured listed at $225k.

Deal economics

• At list price, monthly cash flow is $461 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $225k).
• Cap rate 8.8% vs local median 3.2% in Brighton — 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 78/100 on livability (#108 in MI, #2,621 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F.
• Howell Public Schools (suburban): math 41% / reading 52% proficiency, ranked #116 of 540 in MI (top 22%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 340 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 488 units permitted in Livingston County in 2024 (0 in 5+ unit buildings).
• This rent runs 32% of the median local income ($95k/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 $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• Livingston County population projected at +7% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 30y 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 $225k implies a 246% gain — meaningful room to come down on a strong offer.

Recommended offer $225,000

Questions for the listing agent

1. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
2. Schools are A-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?
3. 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.
4. 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.
5. 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: 1.14% ✓
• Cap rate: 8.75%
• Cash-on-cash: 8.79%
• DSCR: 1.39
• GRM: 7.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -3.0%
• Equity multiple: 0.89×
• Total profit: $-7,028
• Equity at exit: $33,548

10-year hold

• IRR: 6.7%
• Equity multiple: 1.51×
• Total profit: $31,893
• Equity at exit: $19,454

Cash invested: $63,000 (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 48843

• Active inventory: 340
• Price-to-rent: 7.3×

Monthly cashflow live

• Estimated rent: $2,559 medium
• Mortgage (P&I): −$1,180
• Tax from tax record: −$286 /mo · $3,435/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$537
• Net cashflow: $461

Break-even live

Break-even rent $1,975

Max offer price $225,000

Occupancy floor 77%

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: $56,250
• Closing costs: $6,750
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
979 Arundell Ave Howell, MI	2.0–3.0	2.0	1317	$2,350	$1.78	1d	7	1.00mi

Listing history 15 events

1. 2026-06-13
   statusdays on market $225,000 Pending 14 DOM
2. 2026-06-09
   days on market $225,000 Active Under Contract 12 DOM
3. 2026-06-08
   days on market $225,000 Active Under Contract 11 DOM
4. 2026-06-07
   days on market $225,000 Active Under Contract 10 DOM
5. 2026-06-04
   statusdays on market $225,000 Active Under Contract 7 DOM
6. 2026-06-03
   days on market $225,000 Active 6 DOM
7. 2026-06-02
   days on market $225,000 Active 5 DOM
8. 2026-06-01
   days on market $225,000 Active 4 DOM
9. 2026-05-31
   days on market $225,000 Active 3 DOM
10. 2026-05-29
    listed $225,000 Active 1401-char remark

    Show marketing remark (1401 chars)

    Calling All Buyers! This spectacular 4 bedroom, 2 bath home, built in 2017 and shows like a model home. As soon as you walk through the door you will fall in love with the modern open floor plan. The kitchen features a spacious island/snack bar and comes with all the appliances. Laundry/Mechanical room has a service side door leading to the back yard. When you step into the primary suite you will be wowed by the size of this room. It features a large walk in closet and private double sink vanity. Note worth details, 6 inch exterior walls, fully drywalled for low heat and a/c bills, new water softener in 2026, each room is pre-wired for cable, new microwave and disposal in 2026. Exterior features include a large fenced in back yard with firepit, carport/ outdoor covered entertainment area, new deck, lots of parking, 1.5 car garage metal roof and heated well house attached. paved roads, convenient location to all Livingston County has to offer. Close to freeways, dining and shopping, Located in Genoa township and the Howell school district. Note: Hartland school district also runs through the community. No HOA, No lot rent. You own the land! Lake Chemung has a public boat launch so you can enjoy access to an all sports lake just down the street from this community. You won't find a better bang for you buck in Livingston County! All buyers must be accompanied by a licensed Realtor.

11. 2026-05-29
    listed $225,000 Active

    Show marketing remark (1401 chars)

    Calling All Buyers! This spectacular 4 bedroom, 2 bath home, built in 2017 and shows like a model home. As soon as you walk through the door you will fall in love with the modern open floor plan. The kitchen features a spacious island/snack bar and comes with all the appliances. Laundry/Mechanical room has a service side door leading to the back yard. When you step into the primary suite you will be wowed by the size of this room. It features a large walk in closet and private double sink vanity. Note worth details, 6 inch exterior walls, fully drywalled for low heat and a/c bills, new water softener in 2026, each room is pre-wired for cable, new microwave and disposal in 2026. Exterior features include a large fenced in back yard with firepit, carport/ outdoor covered entertainment area, new deck, lots of parking, 1.5 car garage metal roof and heated well house attached. paved roads, convenient location to all Livingston County has to offer. Close to freeways, dining and shopping, Located in Genoa township and the Howell school district. Note: Hartland school district also runs through the community. No HOA, No lot rent. You own the land! Lake Chemung has a public boat launch so you can enjoy access to an all sports lake just down the street from this community. You won't find a better bang for you buck in Livingston County! All buyers must be accompanied by a licensed Realtor.

12. 2026-05-29
    historical $225,000 1401-char remark

    Show marketing remark (1401 chars)

    Calling All Buyers! This spectacular 4 bedroom, 2 bath home, built in 2017 and shows like a model home. As soon as you walk through the door you will fall in love with the modern open floor plan. The kitchen features a spacious island/snack bar and comes with all the appliances. Laundry/Mechanical room has a service side door leading to the back yard. When you step into the primary suite you will be wowed by the size of this room. It features a large walk in closet and private double sink vanity. Note worth details, 6 inch exterior walls, fully drywalled for low heat and a/c bills, new water softener in 2026, each room is pre-wired for cable, new microwave and disposal in 2026. Exterior features include a large fenced in back yard with firepit, carport/ outdoor covered entertainment area, new deck, lots of parking, 1.5 car garage metal roof and heated well house attached. paved roads, convenient location to all Livingston County has to offer. Close to freeways, dining and shopping, Located in Genoa township and the Howell school district. Note: Hartland school district also runs through the community. No HOA, No lot rent. You own the land! Lake Chemung has a public boat launch so you can enjoy access to an all sports lake just down the street from this community. You won't find a better bang for you buck in Livingston County! All buyers must be accompanied by a licensed Realtor.

13. 1996-09-04
    soldstatus $65,000
14. 1996-05-07
    listed $65,900
15. 1991-01-29
    soldstatus $8,070

ⓘ 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: $3,435 · $286/mo
• Projected year-2 tax: $3,450 · $287/mo
• Expected delta: +$15/yr (+$1/mo · 0.4%)

ⓘ 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 2/10 Low 7 d/yr ≥95°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: $30,704
• − Mortgage interest: −$12,603
• − Property taxes: −$3,435
• − Insurance: −$1,125
• − Repairs & maintenance: −$2,456
• − Management: −$2,456
• − Depreciation: −$6,545
• Taxable income: $2,083
• Est. tax owed @ 24.0%: −$500
• After-tax cash flow: $5,038/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: Howell Public Schools
• NCES district ID: 2618720
• Math proficiency: 41% ▼ -6.00%
• Reading proficiency: 52% ▼ -4.00%
• Median HH income: $66,453
• Composite: 41.42/100
• National rank: #3473
• State rank: #116 of 540 in MI

Livability — Brighton

• Score: 78/100
• State rank: #108
• US rank: #2621

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Livingston County · 121,626 people
• City population: 27,289
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 48,014
• Household income: $94,577
• Rent vs Own: 22.0% rent · 78.0% own
• Severe rent burden: 644.0

Population outlook (Livingston County) Hauer SSP2

• Today (2025): 202,920 people
• By 2030: 209,173 · +3.1%
• By 2040: 216,878 · +6.9%
• By 2050: 217,485 · +7.2%
• By 2075: 217,590 · +7.2%
• By 2100: 197,095 · -2.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Hispanic / Latino 4% Two or more races 3%
• Common ancestry: Romanian 12% Italian 5% Lithuanian 4%
• Foreign-born: 3% · Canada
• Languages at home: 96% English-only · Spanish 2% Arabic 1%

Political lean MEDSL · Livingston

• 2024 margin: Strong R (+23.9) · D 37.4% · R 61.3% · Other 1.3%
• 2008→2024 swing: -10.7pp toward R · 2008: -13.3pp · 2024: -23.9pp
• All cycles: 2024: R+23.9 2020: R+22.6 2016: R+29.6 2012: R+23.3 2008: R+13.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -326.17%
• Current HPI: 180.5058
• 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

+2688.1% since first listed

6 events — show timeline

• 2026-05-29 Listed $225,000 MiRealSource-MiMLS
• 2026-05-29 Listed $225,000 REALCOMP
• 2026-05-29 Coming Soon $225,000 MiRealSource-MiMLS
• 1996-09-04 Sold (MLS) $65,000 REALCOMP
• 1996-05-07 Listed $65,900 REALCOMP
• 1991-01-29 Sold (Public Records) $8,070 Public Records

Property tax history

+8.2%/yr

Latest (2025): $3,435 · +254.7% YoY. Source: county tax records.