1133 Chippawa Dr · Sherwood, MI 49094

$48,000

2 bd · 1.0 ba · 710 sqft · SingleFamily · 10 Days on market

Built 1973 0.50 ac lot

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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 +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +2.7/5.0
• Schools +2.6/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This charming, cozy mobile home sits on two spacious lots, offering both comfort and room to enjoy the outdoors. The home also features a partial basement, providing additional storage space and shelter from storms. The property is dotted with mature fruit trees apple, apricot, cherry, and pear perfect for enjoying fresh, homegrown treats right in your own backyard. Located just steps from association lake access at the end of the road, this home is an ideal retreat for peaceful lake living. Spend your days fishing, kayaking, tubing, or swimming, all within easy reach. Whether you're looking for a relaxing getaway or a quiet year-round residence, this property offers a wonderful opportunity to enjoy nature and lakeside living. Sale is contingent on the seller finding and securing another property of they choice. No land contracts.

Key facts

• Mature fruit trees
• Tubing
• Partial basement

Tags

• PARTIAL BASEMENT
• MATURE FRUIT TREES
• ASSOCIATION LAKE ACCESS
• FISHING
• KAYAKING
• TUBING

Property features AI

Exterior

• Utilities: Well water; Natural gas connected
• Home design: Residential property; Other architectural style; Built in 1971
• Construction: Vinyl siding; Metal roof
• Exterior features: Half-acre lot; Yard shed(s)

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Wall furnace; Window air conditioning units
• Interior features: 5 total rooms; Crawl space and partial basement
• Laundry & utility: Washer and dryer included; Electric water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $48k.

Deal economics

• At list price, monthly cash flow is $1k ($12k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $48k).

Location & tenants

• Location reads 54/100 on livability (#672 in MI) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: schools F, crime F, amenities F.
• Union City Community Schools (rural): math 22% / reading 39% proficiency, ranked #354 of 540 in MI (top 66%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 33 active listings in the ZIP; 43 units permitted in Branch County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $332 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Branch County population projected at -18% 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 $13k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts 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.

Recommended offer $48,000

Questions for the listing agent

1. Built in 1973 — 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 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?
4. 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?
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: 3.48% ✓
• Cap rate: 32.11%
• Cash-on-cash: 92.20%
• DSCR: 5.10
• GRM: 2.4

CMA / ARV

• ARV (on-the-fly): $110,760
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1148 Chippawa Dr	0.09mi	2/1.0	780 (+10%)	19mo	$23,000	$29	64
1332 Cherokee Dr	0.39mi	1/1.0 (-1)	768 (+8%)	1mo	$165,000	$215	62
100 Tuttle Park Dr	0.61mi	1/1.0 (-1)	617 (-13%)	9mo	$96,000	$156	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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 93.0%
• Equity multiple: 5.31×
• Total profit: $57,989
• Equity at exit: $7,157

10-year hold

• IRR: 95.8%
• Equity multiple: 11.06×
• Total profit: $135,173
• Equity at exit: $4,150

Cash invested: $13,440 (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 49094

• Home prices YoY: -28.8%
• Active inventory: 33
• Price-to-rent: 2.4×

Monthly cashflow live

• Estimated rent: $1,668 medium
• Mortgage (P&I): −$252
• Tax from tax record: −$14 /mo · $162/yr
• Insurance: −$20
• HOA: −$0
• Vacancy / Maint / Mgmt: −$350
• Net cashflow: $1,033

Break-even live

Break-even rent $361

Max offer price $48,000

Occupancy floor 33%

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: $12,000
• Closing costs: $1,440
• Reserves months: —
• Total cash needed: —

Listing history 6 events

1. 2026-05-16
   status Pending 842-char remark

   Show marketing remark (842 chars)

   This charming, cozy mobile home sits on two spacious lots, offering both comfort and room to enjoy the outdoors. The home also features a partial basement, providing additional storage space and shelter from storms. The property is dotted with mature fruit trees apple, apricot, cherry, and pear perfect for enjoying fresh, homegrown treats right in your own backyard. Located just steps from association lake access at the end of the road, this home is an ideal retreat for peaceful lake living. Spend your days fishing, kayaking, tubing, or swimming, all within easy reach. Whether you're looking for a relaxing getaway or a quiet year-round residence, this property offers a wonderful opportunity to enjoy nature and lakeside living. Sale is contingent on the seller finding and securing another property of they choice. No land contracts.

2. 2026-05-16
   status Pending 842-char remark

   Show marketing remark (842 chars)

   This charming, cozy mobile home sits on two spacious lots, offering both comfort and room to enjoy the outdoors. The home also features a partial basement, providing additional storage space and shelter from storms. The property is dotted with mature fruit trees apple, apricot, cherry, and pear perfect for enjoying fresh, homegrown treats right in your own backyard. Located just steps from association lake access at the end of the road, this home is an ideal retreat for peaceful lake living. Spend your days fishing, kayaking, tubing, or swimming, all within easy reach. Whether you're looking for a relaxing getaway or a quiet year-round residence, this property offers a wonderful opportunity to enjoy nature and lakeside living. Sale is contingent on the seller finding and securing another property of they choice. No land contracts.

3. 2026-05-16
   status Pending

   Show marketing remark (842 chars)

   This charming, cozy mobile home sits on two spacious lots, offering both comfort and room to enjoy the outdoors. The home also features a partial basement, providing additional storage space and shelter from storms. The property is dotted with mature fruit trees apple, apricot, cherry, and pear perfect for enjoying fresh, homegrown treats right in your own backyard. Located just steps from association lake access at the end of the road, this home is an ideal retreat for peaceful lake living. Spend your days fishing, kayaking, tubing, or swimming, all within easy reach. Whether you're looking for a relaxing getaway or a quiet year-round residence, this property offers a wonderful opportunity to enjoy nature and lakeside living. Sale is contingent on the seller finding and securing another property of they choice. No land contracts.

4. 2026-05-06
   listed $48,000 Active 842-char remark

   Show marketing remark (842 chars)

   This charming, cozy mobile home sits on two spacious lots, offering both comfort and room to enjoy the outdoors. The home also features a partial basement, providing additional storage space and shelter from storms. The property is dotted with mature fruit trees apple, apricot, cherry, and pear perfect for enjoying fresh, homegrown treats right in your own backyard. Located just steps from association lake access at the end of the road, this home is an ideal retreat for peaceful lake living. Spend your days fishing, kayaking, tubing, or swimming, all within easy reach. Whether you're looking for a relaxing getaway or a quiet year-round residence, this property offers a wonderful opportunity to enjoy nature and lakeside living. Sale is contingent on the seller finding and securing another property of they choice. No land contracts.

5. 2026-05-06
   listed $48,000 Active 842-char remark

   Show marketing remark (842 chars)

   This charming, cozy mobile home sits on two spacious lots, offering both comfort and room to enjoy the outdoors. The home also features a partial basement, providing additional storage space and shelter from storms. The property is dotted with mature fruit trees apple, apricot, cherry, and pear perfect for enjoying fresh, homegrown treats right in your own backyard. Located just steps from association lake access at the end of the road, this home is an ideal retreat for peaceful lake living. Spend your days fishing, kayaking, tubing, or swimming, all within easy reach. Whether you're looking for a relaxing getaway or a quiet year-round residence, this property offers a wonderful opportunity to enjoy nature and lakeside living. Sale is contingent on the seller finding and securing another property of they choice. No land contracts.

6. 2026-05-06
   listed $48,000 Active

   Show marketing remark (842 chars)

   This charming, cozy mobile home sits on two spacious lots, offering both comfort and room to enjoy the outdoors. The home also features a partial basement, providing additional storage space and shelter from storms. The property is dotted with mature fruit trees apple, apricot, cherry, and pear perfect for enjoying fresh, homegrown treats right in your own backyard. Located just steps from association lake access at the end of the road, this home is an ideal retreat for peaceful lake living. Spend your days fishing, kayaking, tubing, or swimming, all within easy reach. Whether you're looking for a relaxing getaway or a quiet year-round residence, this property offers a wonderful opportunity to enjoy nature and lakeside living. Sale is contingent on the seller finding and securing another property of they choice. No land contracts.

ⓘ 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: $162 · $14/mo
• Projected year-2 tax: $451 · $38/mo
• Expected delta: +$288/yr (+$24/mo · 177.8%)

ⓘ 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 ≥99°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,019
• − Mortgage interest: −$2,689
• − Property taxes: −$162
• − Insurance: −$240
• − Repairs & maintenance: −$1,602
• − Management: −$1,602
• − Depreciation: −$1,396
• Taxable income: $12,328
• Est. tax owed @ 24.0%: −$2,959
• After-tax cash flow: $9,433/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: Union City Community Schools
• NCES district ID: 2634410
• Math proficiency: 22% ▼ -9.00%
• Reading proficiency: 39% ▼ -5.00%
• Median HH income: $45,302
• Composite: 26.1/100
• National rank: #7288
• State rank: #354 of 540 in MI

Livability — Sherwood

• Score: 54/100
• State rank: #672
• US rank: #23837

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 2,044
• Population (ZIP): 3,755

Population outlook (Branch County) Hauer SSP2

• Today (2025): 41,079 people
• By 2030: 39,622 · -3.5%
• By 2040: 36,584 · -10.9%
• By 2050: 33,462 · -18.5%
• By 2075: 26,612 · -35.2%
• By 2100: 18,580 · -54.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (82%)
• Race & ethnicity: White 82% Two or more races 13% Hispanic / Latino 6%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Romanian 4% Italian 2% Slovak 2%
• Foreign-born: 1%
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Branch

• 2024 margin: Solid R (+42.4) · D 28.0% · R 70.4% · Other 1.6%
• 2008→2024 swing: -36.2pp toward R · 2008: -6.1pp · 2024: -42.4pp
• All cycles: 2024: R+42.4 2020: R+38.5 2016: R+38.1 2012: R+18.7 2008: R+6.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -67.02%
• Current HPI: 165.9347
• Rent YoY: —
• Metro: —
• 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

+0.0% since first listed

6 events — show timeline

• 2026-05-16 Pending — MiRealSource-MiMLS
• 2026-05-16 Pending — REALCOMP
• 2026-05-16 Pending — SW Michigan MLS
• 2026-05-06 Listed $48,000 REALCOMP
• 2026-05-06 Listed $48,000 SW Michigan MLS
• 2026-05-06 Listed $48,000 MiRealSource-MiMLS