15312 Ashley Ct · Macomb, MI 48044

$148,999

2 bd · 2.0 ba · 1,092 sqft · Condo · 192 Days on market

Built 1989 Average condition $136/sqft · 9% below area Est $164k · 9% under $270/mo HOA · 15% of rent

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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 +17.4/30.0
• ARV discount +11.6/15.0
• 1% rule +7.0/10.0
• DSCR +5.4/10.0
• Schools +4.0/10.0
• Condition / age +2.8/5.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

PRICE DROP 2BR/2BA- 1,092sq ft- Built 1989- Instant money maker, start producing positive cash flow right away here. Well-maintained 2 bedroom, 2 bath home offering 1092 sq ft of living space, built in 1989. Property includes all appliances, an open living area, and a private back patio. Long-term tenant currently in place and willing to sign a new lease, Excellent turn-key investment with solid rental history. BATVAI

Key facts

• Solid rental history
• Open living area
• Private back patio

Tags

• OPEN LIVING AREA
• PRIVATE BACK PATIO
• SOLID RENTAL HISTORY

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath condo listed at $149k. Condition is rated average.

Deal economics

• At list price, monthly cash flow is $113 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $149k).
• Recommended offer: $131k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• Chippewa Valley Schools (suburban): math 39% / reading 50% proficiency, ranked #133 of 540 in MI (top 25%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 261 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals leasing fast (median 6d on market — plan ~1-2 weeks tenant-placement turnaround); high-income renter base; 1,321 units permitted in Macomb County in 2024 (86 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 $4k of value loss. Plan a longer hold.
• Macomb County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 192 days — a 12% lower offer ($131k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 11y 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 $69k; list at $149k implies a 116% gain — meaningful room to come down on a strong offer.

Recommended offer $131,119 (12.0% below list)

Questions for the listing agent

1. It's been on market 192 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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 apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.20% ✓
• Cap rate: 7.20%
• Cash-on-cash: 3.24%
• DSCR: 1.14
• GRM: 6.9

CMA / ARV

• ARV (median comp): $163,816
• List price: $148,999
• Delta: -9.04%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: -11.0%
• Equity multiple: 0.60×
• Total profit: $-16,773
• Equity at exit: $22,216

10-year hold

• IRR: -1.6%
• Equity multiple: 0.89×
• Total profit: $-4,579
• Equity at exit: $12,883

Cash invested: $41,720 (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 48044

• Active inventory: 261
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,788 high
• Mortgage (P&I): −$781
• Tax est. 1.5%: −$186 /mo · $2,235/yr
• Insurance: −$62
• HOA: −$270
• Vacancy / Maint / Mgmt: −$375
• Net cashflow: $113

Break-even live

Break-even rent $1,645

Max offer price $148,999

Occupancy floor 89%

Sensitivity live

Price	-10% $216	-5% $164	+0% $113	+5% $61	+10% $10
Rent	-10% $-29	-5% $42	+0% $113	+5% $183	+10% $254
Rate	-1.0pp $188	-0.5pp $151	base $113	+0.5pp $74	+1.0pp $35

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: $37,250
• Closing costs: $4,470
• Reserves months: —
• Total cash needed: —

Rent comps 26 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
15246 Ashley Ct Macomb, MI	2.0	2.0	1100	$1,600	$1.45	0d	1	0.05mi
15536 Ashley Ct Macomb, MI	2.0	2.0	1092	$1,500	$1.37	44d	1	0.06mi
15522 Ashley Ct #64 Macomb, MI	2.0	2.0	1100	$1,500	$1.36	25d	1	0.11mi
45678 Kennedy Ave Shelby Twp, MI	2.0	2.0	1499	$1,800	$1.20	44d	1	0.34mi
44524 N Bunker Hill Dr Clinton Twp, MI	2.0	1.0	968	$1,400	$1.45	44d	1	0.50mi
44315 Sunnyside Dr Sterling Heights, MI	1.0–2.0	1.0	800	$1,395	$1.74	5d	3	0.57mi
15895 Cambridge Dr Clinton Twp, MI	2.0	1.5	946	$1,750	$1.85	4d	1	0.60mi
15441 Yale Dr Clinton Twp, MI	2.0	2.0	1400	$1,900	$1.36	0d	1	0.61mi
14324 Wexford Dr Shelby Township, MI	2.0	2.0	1300	$1,950	$1.50	45d	1	0.63mi
44525 Pine Dr Sterling Heights, MI	1.0–3.0	1.0–2.0	989	$1,586	$1.60	0d	39	0.63mi
14304 Wexford Dr Shelby Township, MI	2.0	2.0	1300	$1,950	$1.50	44d	1	0.65mi
14282 Wexford Dr Shelby Township, MI	3.0	2.0	1385	$2,200	$1.59	44d	1	0.66mi
14209 Lakeside Blvd N Shelby Charter Township, MI	1.0–2.0	1.0–2.5	810	$1,925	$2.38	0d	11	0.70mi
14196 Lakeside Blvd N Shelby Township, MI	2.0	2.0	1000	$1,645	$1.65	44d	1	0.71mi
16431 Dominion Dr Macomb, MI	2.0	2.0	1400	$1,800	$1.29	25d	1	0.76mi
15187 Olivewood Dr Sterling Heights, MI	1.0–2.0	1.0–2.0	720	$1,400	$1.94	0d	9	0.92mi
44565 Bayview Ave Clinton Twp, MI	1.0–2.0	1.0–2.0	938	$1,757	$1.87	0d	188	0.94mi
15770 Lakeside Village Dr Clinton Twp, MI	1.0–2.0	1.0–2.0	980	$1,690	$1.72	0d	56	0.96mi
45255 Northport Dr Macomb, MI	1.0–2.0	1.0–2.0	922	$1,644	$1.78	3d	35	0.99mi
15140 Seagull Dr Sterling Heights, MI	2.0	1.5	1068	$1,500	$1.40	11d	1	1.03mi
43237 Cape Dr Sterling Heights, MI	2.0	2.0	1068	$1,275	$1.19	44d	1	1.11mi
48953 Deerfield Park Dr S Macomb Township, MI	3.0	2.0	1095	$1,399	$1.28	0d	1	1.15mi
44677 Schoenherr Rd Sterling Heights, MI	1.0–2.0	1.0–2.0	700	$1,800	$2.57	0d	4	1.19mi
14520 Vauxhall Dr Sterling Heights, MI	2.0	2.0	1244	$2,000	$1.61	0d	1	1.36mi
42566 Clinton Pl Dr Clinton Twp, MI	1.0–2.0	1.0–2.0	922	$1,680	$1.82	2d	1	1.38mi
13367 Forest Ridge Blvd #7 Sterling Heights, MI	2.0	2.0	1250	$1,700	$1.36	44d	1	1.48mi

HOA detail condo

• Monthly dues: $270 · $3,240/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 50 events

1. 2026-06-18
   days on market $148,999 Active 192 DOM
2. 2026-06-17
   days on market $148,999 Active 191 DOM
3. 2026-06-16
   days on market $148,999 Active 190 DOM
4. 2026-06-15
   price $148,999 Active 189 DOM
5. 2026-06-15
   days on market $149,449 Active 189 DOM
6. 2026-06-13
   days on market $149,449 Active 187 DOM
7. 2026-06-13
   days on market $149,449 Active 186 DOM
8. 2026-06-10
   price $149,449 Active 183 DOM
9. 2026-06-09
   days on market $149,499 Active 183 DOM
10. 2026-06-08
    days on market $149,499 Active 182 DOM
11. 2026-06-07
    days on market $149,499 Active 181 DOM
12. 2026-06-04
    days on market $149,499 Active 178 DOM
13. 2026-06-03
    days on market $149,499 Active 177 DOM
14. 2026-06-02
    days on market $149,499 Active 176 DOM
15. 2026-06-01
    days on market $149,499 Active 175 DOM
16. 2026-05-31
    days on market $149,499 Active 174 DOM
17. 2026-05-14
    price $149,899 421-char remark

    Show marketing remark (421 chars)

    PRICE DROP 2BR/2BA- 1,092sq ft- Built 1989- Instant money maker, start producing positive cash flow right away here. Well-maintained 2 bedroom, 2 bath home offering 1092 sq ft of living space, built in 1989. Property includes all appliances, an open living area, and a private back patio. Long-term tenant currently in place and willing to sign a new lease, Excellent turn-key investment with solid rental history. BATVAI

18. 2026-05-14
    price $149,899 421-char remark

    Show marketing remark (421 chars)

    PRICE DROP 2BR/2BA- 1,092sq ft- Built 1989- Instant money maker, start producing positive cash flow right away here. Well-maintained 2 bedroom, 2 bath home offering 1092 sq ft of living space, built in 1989. Property includes all appliances, an open living area, and a private back patio. Long-term tenant currently in place and willing to sign a new lease, Excellent turn-key investment with solid rental history. BATVAI

19. 2026-05-02
    price $149,949 421-char remark

    Show marketing remark (421 chars)

    PRICE DROP 2BR/2BA- 1,092sq ft- Built 1989- Instant money maker, start producing positive cash flow right away here. Well-maintained 2 bedroom, 2 bath home offering 1092 sq ft of living space, built in 1989. Property includes all appliances, an open living area, and a private back patio. Long-term tenant currently in place and willing to sign a new lease, Excellent turn-key investment with solid rental history. BATVAI

20. 2026-05-02
    price $149,949 421-char remark

    Show marketing remark (421 chars)

    PRICE DROP 2BR/2BA- 1,092sq ft- Built 1989- Instant money maker, start producing positive cash flow right away here. Well-maintained 2 bedroom, 2 bath home offering 1092 sq ft of living space, built in 1989. Property includes all appliances, an open living area, and a private back patio. Long-term tenant currently in place and willing to sign a new lease, Excellent turn-key investment with solid rental history. BATVAI

21. 2026-04-24
    price $149,999 421-char remark

    Show marketing remark (421 chars)

    PRICE DROP 2BR/2BA- 1,092sq ft- Built 1989- Instant money maker, start producing positive cash flow right away here. Well-maintained 2 bedroom, 2 bath home offering 1092 sq ft of living space, built in 1989. Property includes all appliances, an open living area, and a private back patio. Long-term tenant currently in place and willing to sign a new lease, Excellent turn-key investment with solid rental history. BATVAI

22. 2026-04-24
    price $149,999 421-char remark

    Show marketing remark (421 chars)

    PRICE DROP 2BR/2BA- 1,092sq ft- Built 1989- Instant money maker, start producing positive cash flow right away here. Well-maintained 2 bedroom, 2 bath home offering 1092 sq ft of living space, built in 1989. Property includes all appliances, an open living area, and a private back patio. Long-term tenant currently in place and willing to sign a new lease, Excellent turn-key investment with solid rental history. BATVAI

23. 2026-04-16
    price $150,999 421-char remark

    Show marketing remark (421 chars)

    PRICE DROP 2BR/2BA- 1,092sq ft- Built 1989- Instant money maker, start producing positive cash flow right away here. Well-maintained 2 bedroom, 2 bath home offering 1092 sq ft of living space, built in 1989. Property includes all appliances, an open living area, and a private back patio. Long-term tenant currently in place and willing to sign a new lease, Excellent turn-key investment with solid rental history. BATVAI

24. 2026-04-15
    price $150,999 421-char remark

    Show marketing remark (421 chars)

    PRICE DROP 2BR/2BA- 1,092sq ft- Built 1989- Instant money maker, start producing positive cash flow right away here. Well-maintained 2 bedroom, 2 bath home offering 1092 sq ft of living space, built in 1989. Property includes all appliances, an open living area, and a private back patio. Long-term tenant currently in place and willing to sign a new lease, Excellent turn-key investment with solid rental history. BATVAI

25. 2026-04-15
    price $151,999 421-char remark

    Show marketing remark (421 chars)

    PRICE DROP 2BR/2BA- 1,092sq ft- Built 1989- Instant money maker, start producing positive cash flow right away here. Well-maintained 2 bedroom, 2 bath home offering 1092 sq ft of living space, built in 1989. Property includes all appliances, an open living area, and a private back patio. Long-term tenant currently in place and willing to sign a new lease, Excellent turn-key investment with solid rental history. BATVAI

26. 2026-04-14
    price $151,999 421-char remark

    Show marketing remark (421 chars)

    PRICE DROP 2BR/2BA- 1,092sq ft- Built 1989- Instant money maker, start producing positive cash flow right away here. Well-maintained 2 bedroom, 2 bath home offering 1092 sq ft of living space, built in 1989. Property includes all appliances, an open living area, and a private back patio. Long-term tenant currently in place and willing to sign a new lease, Excellent turn-key investment with solid rental history. BATVAI

27. 2026-04-12
    price $152,999 421-char remark

    Show marketing remark (421 chars)

    PRICE DROP 2BR/2BA- 1,092sq ft- Built 1989- Instant money maker, start producing positive cash flow right away here. Well-maintained 2 bedroom, 2 bath home offering 1092 sq ft of living space, built in 1989. Property includes all appliances, an open living area, and a private back patio. Long-term tenant currently in place and willing to sign a new lease, Excellent turn-key investment with solid rental history. BATVAI

28. 2026-04-12
    price $152,999 421-char remark

    Show marketing remark (421 chars)

    PRICE DROP 2BR/2BA- 1,092sq ft- Built 1989- Instant money maker, start producing positive cash flow right away here. Well-maintained 2 bedroom, 2 bath home offering 1092 sq ft of living space, built in 1989. Property includes all appliances, an open living area, and a private back patio. Long-term tenant currently in place and willing to sign a new lease, Excellent turn-key investment with solid rental history. BATVAI

29. 2026-04-07
    price $155,999 421-char remark

    Show marketing remark (421 chars)

    PRICE DROP 2BR/2BA- 1,092sq ft- Built 1989- Instant money maker, start producing positive cash flow right away here. Well-maintained 2 bedroom, 2 bath home offering 1092 sq ft of living space, built in 1989. Property includes all appliances, an open living area, and a private back patio. Long-term tenant currently in place and willing to sign a new lease, Excellent turn-key investment with solid rental history. BATVAI

30. 2026-04-07
    price $155,999 421-char remark

    Show marketing remark (421 chars)

    PRICE DROP 2BR/2BA- 1,092sq ft- Built 1989- Instant money maker, start producing positive cash flow right away here. Well-maintained 2 bedroom, 2 bath home offering 1092 sq ft of living space, built in 1989. Property includes all appliances, an open living area, and a private back patio. Long-term tenant currently in place and willing to sign a new lease, Excellent turn-key investment with solid rental history. BATVAI

31. 2026-03-31
    price $156,499 421-char remark

    Show marketing remark (421 chars)

    PRICE DROP 2BR/2BA- 1,092sq ft- Built 1989- Instant money maker, start producing positive cash flow right away here. Well-maintained 2 bedroom, 2 bath home offering 1092 sq ft of living space, built in 1989. Property includes all appliances, an open living area, and a private back patio. Long-term tenant currently in place and willing to sign a new lease, Excellent turn-key investment with solid rental history. BATVAI

32. 2026-03-31
    price $156,499 421-char remark

    Show marketing remark (421 chars)

    PRICE DROP 2BR/2BA- 1,092sq ft- Built 1989- Instant money maker, start producing positive cash flow right away here. Well-maintained 2 bedroom, 2 bath home offering 1092 sq ft of living space, built in 1989. Property includes all appliances, an open living area, and a private back patio. Long-term tenant currently in place and willing to sign a new lease, Excellent turn-key investment with solid rental history. BATVAI

33. 2026-03-28
    price $156,999 421-char remark

    Show marketing remark (421 chars)

    PRICE DROP 2BR/2BA- 1,092sq ft- Built 1989- Instant money maker, start producing positive cash flow right away here. Well-maintained 2 bedroom, 2 bath home offering 1092 sq ft of living space, built in 1989. Property includes all appliances, an open living area, and a private back patio. Long-term tenant currently in place and willing to sign a new lease, Excellent turn-key investment with solid rental history. BATVAI

34. 2026-03-27
    price $156,999 421-char remark

    Show marketing remark (421 chars)

    PRICE DROP 2BR/2BA- 1,092sq ft- Built 1989- Instant money maker, start producing positive cash flow right away here. Well-maintained 2 bedroom, 2 bath home offering 1092 sq ft of living space, built in 1989. Property includes all appliances, an open living area, and a private back patio. Long-term tenant currently in place and willing to sign a new lease, Excellent turn-key investment with solid rental history. BATVAI

35. 2026-03-26
    price $157,499 421-char remark

    Show marketing remark (421 chars)

    PRICE DROP 2BR/2BA- 1,092sq ft- Built 1989- Instant money maker, start producing positive cash flow right away here. Well-maintained 2 bedroom, 2 bath home offering 1092 sq ft of living space, built in 1989. Property includes all appliances, an open living area, and a private back patio. Long-term tenant currently in place and willing to sign a new lease, Excellent turn-key investment with solid rental history. BATVAI

36. 2026-03-26
    price $157,499 421-char remark

    Show marketing remark (421 chars)

    PRICE DROP 2BR/2BA- 1,092sq ft- Built 1989- Instant money maker, start producing positive cash flow right away here. Well-maintained 2 bedroom, 2 bath home offering 1092 sq ft of living space, built in 1989. Property includes all appliances, an open living area, and a private back patio. Long-term tenant currently in place and willing to sign a new lease, Excellent turn-key investment with solid rental history. BATVAI

37. 2026-03-20
    price $158,499 421-char remark

    Show marketing remark (421 chars)

    PRICE DROP 2BR/2BA- 1,092sq ft- Built 1989- Instant money maker, start producing positive cash flow right away here. Well-maintained 2 bedroom, 2 bath home offering 1092 sq ft of living space, built in 1989. Property includes all appliances, an open living area, and a private back patio. Long-term tenant currently in place and willing to sign a new lease, Excellent turn-key investment with solid rental history. BATVAI

38. 2026-03-20
    price $158,499 421-char remark

    Show marketing remark (421 chars)

    PRICE DROP 2BR/2BA- 1,092sq ft- Built 1989- Instant money maker, start producing positive cash flow right away here. Well-maintained 2 bedroom, 2 bath home offering 1092 sq ft of living space, built in 1989. Property includes all appliances, an open living area, and a private back patio. Long-term tenant currently in place and willing to sign a new lease, Excellent turn-key investment with solid rental history. BATVAI

39. 2026-03-03
    price $158,999 421-char remark

    Show marketing remark (421 chars)

    PRICE DROP 2BR/2BA- 1,092sq ft- Built 1989- Instant money maker, start producing positive cash flow right away here. Well-maintained 2 bedroom, 2 bath home offering 1092 sq ft of living space, built in 1989. Property includes all appliances, an open living area, and a private back patio. Long-term tenant currently in place and willing to sign a new lease, Excellent turn-key investment with solid rental history. BATVAI

40. 2026-03-02
    price $158,999 421-char remark

    Show marketing remark (421 chars)

    PRICE DROP 2BR/2BA- 1,092sq ft- Built 1989- Instant money maker, start producing positive cash flow right away here. Well-maintained 2 bedroom, 2 bath home offering 1092 sq ft of living space, built in 1989. Property includes all appliances, an open living area, and a private back patio. Long-term tenant currently in place and willing to sign a new lease, Excellent turn-key investment with solid rental history. BATVAI

41. 2026-02-27
    price $159,999 421-char remark

    Show marketing remark (421 chars)

    PRICE DROP 2BR/2BA- 1,092sq ft- Built 1989- Instant money maker, start producing positive cash flow right away here. Well-maintained 2 bedroom, 2 bath home offering 1092 sq ft of living space, built in 1989. Property includes all appliances, an open living area, and a private back patio. Long-term tenant currently in place and willing to sign a new lease, Excellent turn-key investment with solid rental history. BATVAI

42. 2026-02-26
    price $159,999 421-char remark

    Show marketing remark (421 chars)

    PRICE DROP 2BR/2BA- 1,092sq ft- Built 1989- Instant money maker, start producing positive cash flow right away here. Well-maintained 2 bedroom, 2 bath home offering 1092 sq ft of living space, built in 1989. Property includes all appliances, an open living area, and a private back patio. Long-term tenant currently in place and willing to sign a new lease, Excellent turn-key investment with solid rental history. BATVAI

43. 2025-12-17
    price $163,999 421-char remark

    Show marketing remark (421 chars)

    PRICE DROP 2BR/2BA- 1,092sq ft- Built 1989- Instant money maker, start producing positive cash flow right away here. Well-maintained 2 bedroom, 2 bath home offering 1092 sq ft of living space, built in 1989. Property includes all appliances, an open living area, and a private back patio. Long-term tenant currently in place and willing to sign a new lease, Excellent turn-key investment with solid rental history. BATVAI

44. 2025-12-16
    price $163,999 421-char remark

    Show marketing remark (421 chars)

    PRICE DROP 2BR/2BA- 1,092sq ft- Built 1989- Instant money maker, start producing positive cash flow right away here. Well-maintained 2 bedroom, 2 bath home offering 1092 sq ft of living space, built in 1989. Property includes all appliances, an open living area, and a private back patio. Long-term tenant currently in place and willing to sign a new lease, Excellent turn-key investment with solid rental history. BATVAI

45. 2025-12-09
    listed $164,999 Active 421-char remark

    Show marketing remark (421 chars)

    PRICE DROP 2BR/2BA- 1,092sq ft- Built 1989- Instant money maker, start producing positive cash flow right away here. Well-maintained 2 bedroom, 2 bath home offering 1092 sq ft of living space, built in 1989. Property includes all appliances, an open living area, and a private back patio. Long-term tenant currently in place and willing to sign a new lease, Excellent turn-key investment with solid rental history. BATVAI

46. 2025-12-08
    listed $164,999 Active 421-char remark

    Show marketing remark (421 chars)

    PRICE DROP 2BR/2BA- 1,092sq ft- Built 1989- Instant money maker, start producing positive cash flow right away here. Well-maintained 2 bedroom, 2 bath home offering 1092 sq ft of living space, built in 1989. Property includes all appliances, an open living area, and a private back patio. Long-term tenant currently in place and willing to sign a new lease, Excellent turn-key investment with solid rental history. BATVAI

47. 2015-03-27
    soldstatus $68,900 Sold
48. 2015-03-27
    soldstatus $68,900
49. 2015-03-27
    soldstatus $68,900 Closed
50. 2015-02-18
    historical

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

Taxation est. · year 1

• Rental income: $21,454
• − Mortgage interest: −$8,346
• − Property taxes: −$2,235
• − Insurance: −$745
• − Repairs & maintenance: −$1,716
• − Management: −$1,716
• − HOA: −$3,240
• − Depreciation: −$4,335
• Taxable loss: −$879
• Est. tax savings @ 24.0%: +$211
• After-tax cash flow: $1,563/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.

Condition & rehab AI · 11 photos

Average 55/100 Cosmetic rehab

This 2-bedroom, 2-bathroom condo is in average condition with minor repairs needed in the kitchen and bathroom. It offers a good investment opportunity with a long-term tenant in place.

Repairs flagged

• Minor kitchen appliances — Standard appliances in need of replacement.
• Minor bathroom fixtures — Standard fixtures in need of replacement.
• Minor paint — Interior walls may need touch-up or fresh paint.

Value-add opportunities

• Both Painting interior walls — Fresh paint can improve the home's appearance and value.
• Both Upgrading kitchen appliances — Modern appliances can attract more renters and buyers.
• Both Landscaping improvements — Enhanced landscaping can increase curb appeal and property value.

Renovation cost estimate screening

Repair item	Severity	Est. cost
kitchen appliances · Standard appliances in need of replacement.	Minor	$500–3,000
bathroom fixtures · Standard fixtures in need of replacement.	Minor	$500–3,000
paint · Interior walls may need touch-up or fresh paint.	Minor	$500–3,000
Total estimated repair cost · 3 items		$1,500–9,000

Value-add ROI direction

• Both Painting interior walls — Fresh paint can improve the home's appearance and value. ↑
• Both Upgrading kitchen appliances — Modern appliances can attract more renters and buyers. ↑
• Both Landscaping improvements — Enhanced landscaping can increase curb appeal and property value. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Chippewa Valley Schools
• NCES district ID: 2609570
• Math proficiency: 39% ▼ -10.00%
• Reading proficiency: 50% ▼ -4.00%
• Median HH income: $64,964
• Composite: 39.61/100
• National rank: #3922
• State rank: #133 of 540 in MI

Livability — Macomb

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• County: Macomb County · 638,552 people
• City population: 58,754
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 58,754
• Household income: $117,856
• Rent vs Own: 11.1% rent · 88.9% own
• Severe rent burden: 223.0

Population outlook (Macomb County) Hauer SSP2

• Today (2025): 925,296 people
• By 2030: 948,226 · +2.5%
• By 2040: 983,961 · +6.3%
• By 2050: 1,010,200 · +9.2%
• By 2075: 1,076,222 · +16.3%
• By 2100: 1,077,065 · +16.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Black 6% Two or more races 4% Asian 4% Hispanic / Latino 3%
• Common ancestry: Romanian 14% Lithuanian 3% Slovak 2%
• Foreign-born: 11% · Canada, China
• Languages at home: 84% English-only · Other Indo-European 5% Russian/Polish/Slavic 3% Arabic 2%

Political lean MEDSL · Macomb

• 2024 margin: R (+13.7) · D 42.2% · R 55.9% · Other 1.9%
• 2008→2024 swing: -22.3pp toward R · 2008: 8.6pp · 2024: -13.7pp
• All cycles: 2024: R+13.7 2020: R+8.1 2016: R+11.6 2012: D+4.0 2008: D+8.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -204.17%
• Current HPI: 221.35
• 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

+100.1% since first listed

38 events — show timeline

• 2026-05-14 Price Changed $149,899 MiRealSource-MiMLS
• 2026-05-14 Price Changed $149,899 REALCOMP
• 2026-05-02 Price Changed $149,949 MiRealSource-MiMLS
• 2026-05-02 Price Changed $149,949 REALCOMP
• 2026-04-24 Price Changed $149,999 MiRealSource-MiMLS
• 2026-04-24 Price Changed $149,999 REALCOMP
• 2026-04-16 Price Changed $150,999 MiRealSource-MiMLS
• 2026-04-15 Price Changed $150,999 REALCOMP
• 2026-04-15 Price Changed $151,999 MiRealSource-MiMLS
• 2026-04-14 Price Changed $151,999 REALCOMP
• 2026-04-12 Price Changed $152,999 MiRealSource-MiMLS
• 2026-04-12 Price Changed $152,999 REALCOMP
• 2026-04-07 Price Changed $155,999 MiRealSource-MiMLS
• 2026-04-07 Price Changed $155,999 REALCOMP
• 2026-03-31 Price Changed $156,499 MiRealSource-MiMLS
• 2026-03-31 Price Changed $156,499 REALCOMP
• 2026-03-28 Price Changed $156,999 MiRealSource-MiMLS
• 2026-03-27 Price Changed $156,999 REALCOMP
• 2026-03-26 Price Changed $157,499 MiRealSource-MiMLS
• 2026-03-26 Price Changed $157,499 REALCOMP
• 2026-03-20 Price Changed $158,499 MiRealSource-MiMLS
• 2026-03-20 Price Changed $158,499 REALCOMP
• 2026-03-03 Price Changed $158,999 MiRealSource-MiMLS
• 2026-03-02 Price Changed $158,999 REALCOMP
• 2026-02-27 Price Changed $159,999 MiRealSource-MiMLS
• 2026-02-26 Price Changed $159,999 REALCOMP
• 2025-12-17 Price Changed $163,999 MiRealSource-MiMLS
• 2025-12-16 Price Changed $163,999 REALCOMP
• 2025-12-09 Listed $164,999 REALCOMP
• 2025-12-08 Listed $164,999 MiRealSource-MiMLS
• 2015-03-27 Sold (MLS) $68,900 MiRealSource-MiMLS
• 2015-03-27 Sold (MLS) $68,900 REALCOMP
• 2015-03-27 Sold (MLS) $68,900 REALCOMP
• 2015-02-18 Listing Removed — REALCOMP
• 2015-02-18 Pending — MiRealSource-MiMLS
• 2015-02-12 Listed $74,900 MiRealSource-MiMLS
• 2015-02-12 Listed $74,900 REALCOMP
• 2015-02-12 Listed $74,900 REALCOMP