27321 Baldwin Ave · Warren, MI 48092

$144,900

2 bd · 1.0 ba · 1,102 sqft · SingleFamily public records · 2 Days on market

Built 1949 4,792 sqft lot $131/sqft · 13% below area Est $167k · 13% under

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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 +19.0/30.0
• ARV discount +13.5/15.0
• DSCR +6.0/10.0
• 1% rule +5.3/10.0
• Rent growth +4.5/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks

Charming move-in ready ranch offering 1,102 sq ft with 2 bedrooms and 1 full bath—perfect for first-time buyers, downsizers, or investors. Remodeled in 2023 with a clean, updated feel and all appliances included. Major updates include a boiler and water heater (2016) and a newer roof. Situated on a 0.20-acre lot with a detached 2-car garage, providing ample outdoor space and parking. Conveniently located near the GM Tech Center, I-696, and Van Dyke, with shopping and dining nearby. Recently appraised at $170,000. Immediate possession at closing.

Key facts

• Move-in ready
• Remodeled
• Outdoor space

Tags

• MOVE-IN READY
• REMODELED
• DETACHED GARAGE
• OUTDOOR SPACE
• CONVENIENTLY LOCATED

Property features AI

Exterior

• Parking: Detached 2-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One level; Ground-level entry
• Construction: Brick and vinyl siding exterior
• Exterior features: Paved road access; Lot approximately 0.11 acres (40 x 118)

Interior

• Kitchen: Dishwasher; Free-standing gas range; Free-standing refrigerator; Microwave
• Bathrooms: One full bathroom
• Heating & cooling: Baseboard heating (natural gas); Central air conditioning; Ceiling fans
• Interior features: Dishwasher; Dryer; Free-standing gas range; Free-standing refrigerator; Microwave; Washer; Crawl space basement; Total of 4 rooms
• Laundry & utility: Washer and dryer

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $145k.

Deal economics

• At list price, monthly cash flow is $151 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $145k).
• Cap rate 7.5% vs local median 5.2% in Warren — 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 74/100 on livability (#171 in MI, #4,491 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: schools D, amenities D, employment D.
• Center Line Public Schools (suburban): math 14% / reading 29% proficiency, ranked #459 of 540 in MI (top 85%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 60% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+8.0%/yr); 96 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 25d on market — plan ~3-4 weeks tenant-placement turnaround); 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.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $41k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 2 days on market — expect competitive offers; lowballing is unlikely to land.
• 15 sale attempts since 21y 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 $54k; list at $145k implies a 168% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1949 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $144,900

Questions for the listing agent

1. Built in 1949 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. Crime grade is D 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?
5. 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.
6. 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.
7. 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: 1.03% ✓
• Cap rate: 7.55%
• Cash-on-cash: 4.48%
• DSCR: 1.20
• GRM: 8.1

CMA / ARV

• ARV (median comp): $167,005
• List price: $144,900
• Delta: -13.24%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
27210 Seyburn Ave	0.09mi	3/1.0 (+1)	952 (-14%)	0mo	$162,000	$170	68
7324 Mckinley	0.38mi	3/1.0 (+1)	1,000 (-9%)	1mo	$175,000	$175	61
7528 Anna Ave	0.67mi	3/1.0 (+1)	1,112 (+1%)	1mo	$128,000	$115	61
8123 Mckinley	0.43mi	3/1.0 (+1)	1,042 (-5%)	10mo	$220,000	$211	58
14930 E 10 Mile Rd Rd	0.70mi	3/1.0 (+1)	1,126 (+2%)	6mo	$150,000	$133	53
8460 Busko Ave	0.53mi	3/1.0 (+1)	1,032 (-6%)	8mo	$150,000	$145	53
7258 Helen	0.71mi	3/1.0 (+1)	1,053 (-4%)	6mo	$175,000	$166	49
8170 Gerald Ave	0.66mi	3/1.5 (+1)	1,005 (-9%)	4mo	$249,900	$249	45
8073 Helen	0.71mi	2/1.0	993 (-10%)	8mo	$160,000	$161	44
8210 Linda St	0.62mi	3/1.5 (+1)	1,215 (+10%)	8mo	$242,500	$200	41
8475 Farnum Ave	0.51mi	3/1.0 (+1)	1,264 (+15%)	8mo	$178,000	$141	40
7337 Dale St	0.74mi	3/1.0 (+1)	1,232 (+12%)	3mo	$173,000	$140	38

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -3.7%
• Equity multiple: 0.85×
• Total profit: $-5,928
• Equity at exit: $21,605

10-year hold

• IRR: 11.0%
• Equity multiple: 2.07×
• Total profit: $43,254
• Equity at exit: $12,528

Cash invested: $40,572 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 62 Landlord-Friendly
• State Michigan: 62 Landlord-Friendly · EVEN
• County: — inherits STATE
• City: — inherits STATE

7-day pay-or-quit; mixed climate; Detroit/AA have some protections.

Methodology + full state rankings →

ZIP-level market 48092

• Rents YoY: 8.0%
• Active inventory: 96
• Price-to-rent: 8.1×

Monthly cashflow live

• Estimated rent: $1,491 high
• Mortgage (P&I): −$760
• Tax from tax record: −$206 /mo · $2,472/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$313
• Net cashflow: $151

Break-even live

Break-even rent $1,299

Max offer price $144,900

Occupancy floor 85%

Sensitivity live

Price	-10% $233	-5% $192	+0% $151	+5% $110	+10% $69
Rent	-10% $34	-5% $92	+0% $151	+5% $210	+10% $269
Rate	-1.0pp $224	-0.5pp $188	base $151	+0.5pp $114	+1.0pp $76

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: $36,225
• Closing costs: $4,347
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
27107 Seyburn Ave Warren, MI	2.0	1.0	750	$1,300	$1.73	22d	1	0.10mi
8625 Dale Center Line, MI	3.0	1.5	1179	$1,796	$1.52	44d	1	0.97mi
29158 Longview Ave Warren, MI	1.0	1.0	750	$950	$1.27	44d	1	1.04mi
29206 Longview Ave Warren, MI	1.0	1.0	750	$975	$1.30	25d	1	1.06mi
29250 Longview Ave Apt 14 Warren, MI	2.0	1.0	950	$1,000	$1.05	44d	1	1.08mi
26009 Pinehurst Dr Warren, MI	2.0	1.5	1310	$2,100	$1.60	0d	1	1.10mi
8429 Towne Center Cir S #52 Warren, MI	2.0	2.0	1240	$1,775	$1.43	25d	1	1.13mi
25005 Lawrence Ave Center Line, MI	1.0–2.0	1.0–1.5	1000	$955	$0.95	44d	1	1.13mi
29400 Towne Center Cir Warren, MI	1.0–3.0	1.0–2.0	1114	$1,749	$1.57	0d	1	1.16mi
27239 Hoover Rd Warren, MI	1.0–2.0	1.0	670	$945	$1.41	44d	1	1.17mi
8457 Towne Center Cir Unit 90 Warren, MI	2.0	2.0	1319	$1,800	$1.36	44d	1	1.17mi
11809 McKinley Dr Warren, MI	3.0	1.5	1212	$1,800	$1.49	18d	1	1.31mi
11116 Racine Rd Warren, MI	3.0	1.5	1433	$2,000	$1.40	0d	1	1.37mi
28250 Hoover Rd Warren, MI	1.0–2.0	1.0–2.0	912	$1,640	$1.80	0d	17	1.40mi
11404 Warren Blvd Unit 102 Warren, MI	2.0	1.0	900	$1,250	$1.39	25d	1	1.49mi
11500 Warren Blvd Warren, MI	1.0	1.0	800	$1,125	$1.41	15d	1	1.50mi

Listing history 50 events

1. 2026-06-18
   days on market $144,900 Active 2 DOM
2. 2026-06-17
   days on marketlisting id $144,900 Active 1 DOM
3. 2026-06-16
   days on market $144,900 Active 61 DOM
4. 2026-06-15
   days on market $144,900 Active 60 DOM
5. 2026-06-13
   days on market $144,900 Active 58 DOM
6. 2026-06-09
   days on market $144,900 Active 54 DOM
7. 2026-06-08
   days on market $144,900 Active 53 DOM
8. 2026-06-07
   days on market $144,900 Active 52 DOM
9. 2026-06-04
   days on market $144,900 Active 49 DOM
10. 2026-06-03
    days on market $144,900 Active 48 DOM
11. 2026-06-02
    days on market $144,900 Active 47 DOM
12. 2026-06-01
    days on market $144,900 Active 46 DOM
13. 2026-05-31
    days on market $144,900 Active 45 DOM
14. 2026-04-28
    price $149,900 553-char remark
15. 2026-04-27
    price $149,900 557-char remark
16. 2026-04-17
    listed $155,900 Active 553-char remark
17. 2026-04-17
    listed $155,900 Active 557-char remark
18. 2026-04-16
    historical $155,900 553-char remark
19. 2026-03-11
    historical
20. 2026-03-11
    historical
21. 2026-02-05
    price $159,999
22. 2026-02-04
    price $159,999
23. 2025-11-17
    price $169,999
24. 2025-11-16
    price $169,999
25. 2025-10-18
    listed $179,999 Active
26. 2025-10-18
    listed $179,999 Active
27. 2016-11-28
    soldstatus $54,000
28. 2016-11-18
    soldstatus $54,000 Sold
29. 2016-11-18
    soldstatus $54,000 Closed
30. 2016-11-17
    status Pending
31. 2016-11-17
    status Pending
32. 2016-11-11
    price $59,500
33. 2016-11-11
    price $59,500
34. 2016-11-11
    status Active
35. 2016-11-11
    status Active
36. 2016-11-08
    status Pending
37. 2016-11-08
    status Pending
38. 2016-10-22
    price $60,000
39. 2016-10-22
    price $60,000
40. 2016-10-06
    listed $64,000 Active
41. 2016-10-06
    listed $64,000 Active
42. 2015-10-05
    historical
43. 2015-10-05
    historical
44. 2015-08-16
    listed $59,900 Active
45. 2015-08-16
    listed $59,900
46. 2007-03-19
    soldstatus $62,500
47. 2006-02-13
    historical
48. 2006-01-13
    historical
49. 2005-10-30
    listed $95,900
50. 2005-10-13
    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: $2,472 · $206/mo
• Projected year-2 tax: $2,472 · $206/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 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 7 d/yr ≥97°F today · 15 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,887
• − Mortgage interest: −$8,117
• − Property taxes: −$2,472
• − Insurance: −$724
• − Repairs & maintenance: −$1,431
• − Management: −$1,431
• − Depreciation: −$4,215
• Taxable loss: −$503
• Est. tax savings @ 24.0%: +$121
• After-tax cash flow: $1,937/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: Center Line Public Schools
• NCES district ID: 2608580
• Math proficiency: 14% ▼ -8.00%
• Reading proficiency: 29% ▼ -3.00%
• Median HH income: $38,011
• Composite: 17.95/100
• National rank: #8992
• State rank: #459 of 540 in MI

Livability — Warren

• Score: 74/100
• State rank: #171
• US rank: #4491

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Warren, MI
• County: Macomb County · 638,552 people
• City population: 114,937
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 27,374
• Household income: $73,808
• Rent vs Own: 22.3% rent · 77.7% own
• Severe rent burden: 675.0

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: Diverse neighborhood (Simpson 0.55)
• Race & ethnicity: White 63% Asian 17% Black 14% Two or more races 4% Hispanic / Latino 2%
• Common ancestry: Romanian 10% Arab 4% Subsaharan African 2%
• Foreign-born: 22% · Vietnam, Canada, China
• Languages at home: 70% English-only · Other Indo-European 11% Arabic 5% Russian/Polish/Slavic 3%

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: ▼ -262.85%
• Current HPI: 189.7524
• Rent YoY: ▲ 8.03%
• 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

+51.1% since first listed

45 events — show timeline

• 2026-06-16 Listing Removed — MiRealSource-MiMLS
• 2026-06-16 Listing Removed — REALCOMP
• 2026-06-10 Listed $144,900 REALCOMP
• 2026-06-10 Listed $144,900 MiRealSource-MiMLS
• 2026-05-19 Price Changed $144,900 MiRealSource-MiMLS
• 2026-05-19 Price Changed $144,900 REALCOMP
• 2026-04-28 Price Changed $149,900 MiRealSource-MiMLS
• 2026-04-27 Price Changed $149,900 REALCOMP
• 2026-04-17 Listed $155,900 MiRealSource-MiMLS
• 2026-04-17 Listed $155,900 REALCOMP
• 2026-04-16 Coming Soon — MiRealSource-MiMLS
• 2026-03-11 Listing Removed — MiRealSource-MiMLS
• 2026-03-11 Listing Removed — REALCOMP
• 2026-02-05 Price Changed $159,999 MiRealSource-MiMLS
• 2026-02-04 Price Changed $159,999 REALCOMP
• 2025-11-17 Price Changed $169,999 MiRealSource-MiMLS
• 2025-11-16 Price Changed $169,999 REALCOMP
• 2025-10-18 Listed $179,999 REALCOMP
• 2025-10-18 Listed $179,999 MiRealSource-MiMLS
• 2016-11-28 Sold (Public Records) $54,000 Public Records
• 2016-11-18 Sold (MLS) $54,000 MiRealSource-MiMLS
• 2016-11-18 Sold (MLS) $54,000 REALCOMP
• 2016-11-17 Pending — MiRealSource-MiMLS
• 2016-11-17 Pending — REALCOMP
• 2016-11-11 Price Changed $59,500 MiRealSource-MiMLS
• 2016-11-11 Price Changed $59,500 REALCOMP
• 2016-11-11 Relisted — MiRealSource-MiMLS
• 2016-11-11 Relisted — REALCOMP
• 2016-11-08 Pending — MiRealSource-MiMLS
• 2016-11-08 Pending — REALCOMP
• 2016-10-22 Price Changed $60,000 MiRealSource-MiMLS
• 2016-10-22 Price Changed $60,000 REALCOMP
• 2016-10-06 Listed $64,000 MiRealSource-MiMLS
• 2016-10-06 Listed $64,000 REALCOMP
• 2015-10-05 Listing Removed — REALCOMP
• 2015-10-05 Listing Removed — MiRealSource-MiMLS
• 2015-08-16 Listed $59,900 REALCOMP
• 2015-08-16 Listed $59,900 MiRealSource-MiMLS
• 2007-03-19 Sold (Public Records) $62,500 Public Records
• 2006-02-13 Listing Removed — MiRealSource-MiMLS
• 2006-01-13 Listing Removed — REALCOMP
• 2005-10-30 Listed $95,900 REALCOMP
• 2005-10-13 Listing Removed — REALCOMP
• 2005-07-13 Listed $95,900 REALCOMP
• 2005-07-13 Listed $95,900 MiRealSource-MiMLS

Property tax history

+5.7%/yr

Latest (2025): $2,472 · +1.7% YoY. Source: county tax records.