397 Longfellow St · Inkster, MI
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $784 – $1,456
Heat risk 3/10 · Minor
- Hot days now (above 98°F)
- 7 days/yr
- Hot days in 30 yrs
- 15 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 2/10 · Minimal
- Unhealthy air days now
- 1 days/yr
- Unhealthy air days in 30 yrs
- 2 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the F 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 +8.9/30.0
- Livability +3.4/5.0
- Rent growth +3.2/5.0
- 1% rule +2.6/10.0
- DSCR +2.5/10.0
- Condition / age +2.5/5.0
- Schools +1.6/10.0
- ARV discount +0.0/15.0
- Appreciation +0.0/10.0
$199,999
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Welcome home to this well-maintained brick ranch in Inkster - move-in ready and loaded with value. Featuring beautiful granite countertops, solid brick construction, and a spacious backyard perfect for entertaining, this home has been carefully maintained and is ready for its next owner. All furniture is included in sale - just bring your bags. City inspection will be completed prior to closing.
Key facts
- Spacious backyard
- Well maintained
- Granite countertops
Tags
Property features AI
Exterior
- Parking: Driveway (no garage)
- Utilities: Public water; Public sewer
- Home design: Single-family residence; Two levels; Ground-level entry with steps; Brick exterior
- Construction: Brick construction; Two-story layout; Finished below-grade area
- Exterior features: Paved road access; Lot approximately 50 x 120 (0.14 acres)
Interior
- Bathrooms: 1 full bathroom
- Heating & cooling: Forced air heating (natural gas); No cooling
- Interior features: Furnished; Finished basement
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath single-family listed at $200k.
Deal economics
- At list price, monthly cash flow is $-160 ($-2k/yr) — negative.
- To cash-flow at today's rent, offer at most $172k (14.1% below list).
- To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $152k (24.0% below list).
- Recommended offer: $152k (24.0% below list) — sets the bar for 1% rule.
- Cap rate 5.3% vs local median 9.3% in Inkster — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.
Location & tenants
- Location reads 67/100 on livability (#406 in MI) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: health & safety D, crime F, amenities F.
- Wayne-Westland Community School District (suburban): math 11% / reading 27% proficiency, ranked #474 of 540 in MI (top 88%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
- Zoned schools: David Hicks School (math 2% / reading 8%, grade F, #1,325 of 1,397 statewide, top 99%, 407 students, 89% FRL); Adlai Stevenson Middle School (math 10% / reading 34%, grade F, #408 of 493 statewide, top 84%, 678 students, 55% FRL); John Glenn High School (math 21% / reading 45%, grade F, #402 of 713 statewide, top 56%, 1,542 students, 53% FRL).
- Market conditions: Rents rising (+3.0%/yr); 147 active listings in the ZIP; 18 comparable units currently listed for rent nearby; rentals at typical pace (median 19d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
- At $1,520/mo this rent would consume 46% of the median local household income ($39k/yr) (locally 1558% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k 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
- It's been on market 24 days — a 2% lower offer ($197k) is reasonable based on typical stale-listing flexibility.
- 10 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 $140k; 43% above their basis — modest negotiation headroom, anchor on the comps not their cost.
Risks & watch-outs
- Watch-outs: built in 1953 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- 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?
- Built in 1953 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- 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?
- 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.
- 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.
- 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
- 0.76% ✗
- Cap rate
- 5.34%
- Cash-on-cash
- -3.42%
- DSCR
- 0.85
- GRM
- 11.0
CMA / ARV
- ARV (on-the-fly)
- $142,128
- Comps found
- 12
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 28999 Beechnut St | 0.15mi | 3/1.0 | 1,008 (0%) | 0mo | $180,000 | $179 | 93 |
| 28930 Birchwood St | 0.24mi | 3/1.0 | 1,008 (0%) | 1mo | $150,000 | $149 | 88 |
| 29707 Birchwood St | 0.32mi | 3/1.0 | 1,000 (-1%) | 1mo | $96,000 | $96 | 82 |
| 29522 Grandview St | 0.28mi | 3/1.0 | 972 (-4%) | 1mo | $130,000 | $134 | 80 |
| 29455 Rosslyn Ave | 0.49mi | 3/1.0 | 1,010 (+0%) | 1mo | $180,000 | $178 | 76 |
| 431 Lytle Pl | 0.40mi | 3/1.0 | 967 (-4%) | 1mo | $153,600 | $159 | 74 |
| 29497 Oakwood St | 0.41mi | 2/1.0 (-1) | 1,025 (+2%) | 1mo | $110,000 | $107 | 72 |
| 28521 Oakwood St | 0.53mi | 3/1.0 | 1,025 (+2%) | 1mo | $145,000 | $141 | 72 |
| 462 Clair St | 0.56mi | 3/1.0 | 1,000 (-1%) | 1mo | $265,000 | $265 | 72 |
| 29982 Hazelwood St | 0.60mi | 3/1.0 | 1,053 (+4%) | 2mo | $135,000 | $128 | 63 |
| 29537 Hazelwood St | 0.53mi | 3/1.0 | 1,100 (+9%) | 0mo | $80,000 | $73 | 60 |
| 28005 Avondale St | 0.71mi | 3/1.0 | 962 (-5%) | 2mo | $107,500 | $112 | 58 |
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 · 2.95% rent growth · sell at horizon
- IRR
- -22.1%
- Equity multiple
- 0.24×
- Total profit
- $-42,642
- Equity at exit
- $29,821
- IRR
- -16.2%
- Equity multiple
- 0.10×
- Total profit
- $-50,497
- Equity at exit
- $17,292
Cash invested: $56,000 (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
ZIP-level market 48141
- Home prices YoY
- -2.9%
- Rents YoY
- 3.0%
- Active inventory
- 147
- Price-to-rent
- 11.0×
Monthly cashflow live
- Estimated rent
- $1,520 high interval (Pro) →
- Mortgage (P&I)
- −$1,049
- Tax from tax record
- −$228 /mo · $2,739/yr
- Insurance
- −$83
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$319
- Net cashflow
- $-160
Break-even live
Sensitivity live
| Price | -10% $-46 | -5% $-103 | +0% $-160 | +5% $-216 | +10% $-273 |
|---|---|---|---|---|---|
| Rent | -10% $-280 | -5% $-220 | +0% $-160 | +5% $-100 | +10% $-40 |
| Rate | -1.0pp $-59 | -0.5pp $-109 | base $-160 | +0.5pp $-211 | +1.0pp $-264 |
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
- $50,000
- Closing costs
- $6,000
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 18 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 29203 Oakwood St Inkster, MI | 3.0 | 1.5 | 912 | $1,600 | $1.75 | 0d | 1 | 0.42mi |
| 29800 Oakwood St Inkster, MI | 3.0 | 1.0 | 1040 | $1,400 | $1.35 | 14d | 1 | 0.47mi |
| 536 N Leona Ave Garden City, MI | 3.0 | 1.0 | 1000 | $1,440 | $1.44 | 14d | 1 | 0.50mi |
| 30043 Grandview St Unit 1 Inkster, MI | 3.0 | 1.5 | 1004 | $1,275 | $1.27 | 45d | 1 | 0.51mi |
| 30010 Hazelwood St Inkster, MI | 3.0 | 1.0 | 1044 | $1,300 | $1.25 | 45d | 1 | 0.64mi |
| 30520 Hiveley St Westland, MI | 3.0 | 1.0 | 1105 | $1,700 | $1.54 | 23d | 1 | 0.64mi |
| 130 E Tami Cir Westland, MI | 1.0–2.0 | 1.0–1.5 | 800 | $1,209 | $1.51 | 45d | 3 | 0.65mi |
| 1150 Magnolia Dr Inkster, MI | 3.0 | 1.0 | 900 | $1,300 | $1.44 | 26d | 1 | 0.66mi |
| 641 Gilman St Garden City, MI | 3.0 | 1.0 | 1300 | $2,600 | $2.00 | 18d | 1 | 0.69mi |
| 1189 Woodland Dr Inkster, MI | 3.0 | 1.0 | 994 | $1,400 | $1.41 | 1d | 1 | 0.74mi |
| 31217 Cherry Hill Rd Westland, MI | 3.0 | 1.0 | 1100 | $1,800 | $1.64 | 6d | 1 | 0.96mi |
| 29971 Brooklane St Inkster, MI | 3.0 | 1.0 | 974 | $1,450 | $1.49 | 45d | 1 | 1.01mi |
| 1713 Gilman St Garden City, MI | 3.0 | 1.0 | 860 | $1,600 | $1.86 | 0d | 1 | 1.07mi |
| 238 Yorkshire Blvd Dearborn Heights, MI | 1.0–2.0 | 1.0 | 741 | $1,424 | $1.92 | 0d | 15 | 1.10mi |
| 27184 Lucerne Dr Inkster, MI | 3.0 | 1.0 | 1100 | $1,250 | $1.14 | 45d | 1 | 1.12mi |
| 31820 Bay Ct Westland, MI | 2.0 | 1.0 | 834 | $1,125 | $1.35 | 18d | 1 | 1.44mi |
| 5839 Helen St Garden City, MI | 3.0 | 1.0 | 984 | $1,500 | $1.52 | 0d | 1 | 1.45mi |
| 5927 Lathers St Garden City, MI | 3.0 | 1.0 | 1000 | $1,600 | $1.60 | 0d | 1 | 1.45mi |
Listing history 42 events
-
2026-06-21days on market $199,999 Active 24 DOM
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2026-06-18days on market $199,999 Active 21 DOM
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2026-06-17days on market $199,999 Active 20 DOM
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2026-06-16days on market $199,999 Active 19 DOM
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2026-06-15days on market $199,999 Active 18 DOM
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2026-06-13days on market $199,999 Active 16 DOM
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2026-06-13days on market $199,999 Active 15 DOM
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2026-06-09days on market $199,999 Active 12 DOM
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2026-06-08days on market $199,999 Active 11 DOM
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2026-06-07days on market $199,999 Active 10 DOM
-
2026-06-04days on market $199,999 Active 7 DOM
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2026-06-03days on market $199,999 Active 6 DOM
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2026-06-02days on market $199,999 Active 5 DOM
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2026-06-01days on market $199,999 Active 4 DOM
-
2026-05-31days on market $199,999 Active 3 DOM
-
2026-05-28$199,999 Active
Show marketing remark (402 chars)
Welcome home to this well-maintained brick ranch in Inkster - move-in ready and loaded with value. Featuring beautiful granite countertops, solid brick construction, and a spacious backyard perfect for entertaining, this home has been carefully maintained and is ready for its next owner. All furniture is included in sale - just bring your bags. City inspection will be completed prior to closing.
-
2026-05-28$199,999 Active 402-char remark
Show marketing remark (402 chars)
Welcome home to this well-maintained brick ranch in Inkster - move-in ready and loaded with value. Featuring beautiful granite countertops, solid brick construction, and a spacious backyard perfect for entertaining, this home has been carefully maintained and is ready for its next owner. All furniture is included in sale - just bring your bags. City inspection will be completed prior to closing.
-
2022-07-26historical 564-char remark
Show marketing remark (564 chars)
NEW NEW NEW!!!! COMPLETELY UPDATE HOME. KITCHEN OFFER NEW CABINETS, GRANITE COUNTERTOP AND BEAUTIFUL BACKSPLASH NEW FLOORING IN THE KITCHEN, STAINLESS STEEL APPLIANCES. UPDATED BATHROOM, TILE SHOWER SURROUND, NEW TILE FLOORING, NEW VANITY AND TOILET. NEW ROOF, PARTILY FINISHED BASEMENT. FRESHLY PAINTED THROUGHOUT. NEW PRIVACY FENCE. CITY INSPECTION HAS ALREADY BEEN COMPLETED. ALL MEASUREMENT ARE APPROXIMATED REALTOR Remarks: Appointments can only be made on SHOWING TIME: LICENSED AGENT MUST BE PRESENT FOR ALL SHOWINGS, INSPECTIONS, AND WALK THROUGHS . BATVAI
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2022-07-14soldstatus $140,000
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2022-07-01soldstatus $140,000 Sold
Show marketing remark (564 chars)
NEW NEW NEW!!!! COMPLETELY UPDATE HOME. KITCHEN OFFER NEW CABINETS, GRANITE COUNTERTOP AND BEAUTIFUL BACKSPLASH NEW FLOORING IN THE KITCHEN, STAINLESS STEEL APPLIANCES. UPDATED BATHROOM, TILE SHOWER SURROUND, NEW TILE FLOORING, NEW VANITY AND TOILET. NEW ROOF, PARTILY FINISHED BASEMENT. FRESHLY PAINTED THROUGHOUT. NEW PRIVACY FENCE. CITY INSPECTION HAS ALREADY BEEN COMPLETED. ALL MEASUREMENT ARE APPROXIMATED REALTOR Remarks: Appointments can only be made on SHOWING TIME: LICENSED AGENT MUST BE PRESENT FOR ALL SHOWINGS, INSPECTIONS, AND WALK THROUGHS . BATVAI
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2022-07-01soldstatus $140,000 Closed 564-char remark
Show marketing remark (564 chars)
NEW NEW NEW!!!! COMPLETELY UPDATE HOME. KITCHEN OFFER NEW CABINETS, GRANITE COUNTERTOP AND BEAUTIFUL BACKSPLASH NEW FLOORING IN THE KITCHEN, STAINLESS STEEL APPLIANCES. UPDATED BATHROOM, TILE SHOWER SURROUND, NEW TILE FLOORING, NEW VANITY AND TOILET. NEW ROOF, PARTILY FINISHED BASEMENT. FRESHLY PAINTED THROUGHOUT. NEW PRIVACY FENCE. CITY INSPECTION HAS ALREADY BEEN COMPLETED. ALL MEASUREMENT ARE APPROXIMATED REALTOR Remarks: Appointments can only be made on SHOWING TIME: LICENSED AGENT MUST BE PRESENT FOR ALL SHOWINGS, INSPECTIONS, AND WALK THROUGHS . BATVAI
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2022-05-02status Pending 564-char remark
Show marketing remark (564 chars)
NEW NEW NEW!!!! COMPLETELY UPDATE HOME. KITCHEN OFFER NEW CABINETS, GRANITE COUNTERTOP AND BEAUTIFUL BACKSPLASH NEW FLOORING IN THE KITCHEN, STAINLESS STEEL APPLIANCES. UPDATED BATHROOM, TILE SHOWER SURROUND, NEW TILE FLOORING, NEW VANITY AND TOILET. NEW ROOF, PARTILY FINISHED BASEMENT. FRESHLY PAINTED THROUGHOUT. NEW PRIVACY FENCE. CITY INSPECTION HAS ALREADY BEEN COMPLETED. ALL MEASUREMENT ARE APPROXIMATED REALTOR Remarks: Appointments can only be made on SHOWING TIME: LICENSED AGENT MUST BE PRESENT FOR ALL SHOWINGS, INSPECTIONS, AND WALK THROUGHS . BATVAI
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2022-05-02status Pending
Show marketing remark (564 chars)
NEW NEW NEW!!!! COMPLETELY UPDATE HOME. KITCHEN OFFER NEW CABINETS, GRANITE COUNTERTOP AND BEAUTIFUL BACKSPLASH NEW FLOORING IN THE KITCHEN, STAINLESS STEEL APPLIANCES. UPDATED BATHROOM, TILE SHOWER SURROUND, NEW TILE FLOORING, NEW VANITY AND TOILET. NEW ROOF, PARTILY FINISHED BASEMENT. FRESHLY PAINTED THROUGHOUT. NEW PRIVACY FENCE. CITY INSPECTION HAS ALREADY BEEN COMPLETED. ALL MEASUREMENT ARE APPROXIMATED REALTOR Remarks: Appointments can only be made on SHOWING TIME: LICENSED AGENT MUST BE PRESENT FOR ALL SHOWINGS, INSPECTIONS, AND WALK THROUGHS . BATVAI
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2022-04-29$125,000 Active 564-char remark
Show marketing remark (564 chars)
NEW NEW NEW!!!! COMPLETELY UPDATE HOME. KITCHEN OFFER NEW CABINETS, GRANITE COUNTERTOP AND BEAUTIFUL BACKSPLASH NEW FLOORING IN THE KITCHEN, STAINLESS STEEL APPLIANCES. UPDATED BATHROOM, TILE SHOWER SURROUND, NEW TILE FLOORING, NEW VANITY AND TOILET. NEW ROOF, PARTILY FINISHED BASEMENT. FRESHLY PAINTED THROUGHOUT. NEW PRIVACY FENCE. CITY INSPECTION HAS ALREADY BEEN COMPLETED. ALL MEASUREMENT ARE APPROXIMATED REALTOR Remarks: Appointments can only be made on SHOWING TIME: LICENSED AGENT MUST BE PRESENT FOR ALL SHOWINGS, INSPECTIONS, AND WALK THROUGHS . BATVAI
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2022-04-29$125,000 Active
Show marketing remark (564 chars)
NEW NEW NEW!!!! COMPLETELY UPDATE HOME. KITCHEN OFFER NEW CABINETS, GRANITE COUNTERTOP AND BEAUTIFUL BACKSPLASH NEW FLOORING IN THE KITCHEN, STAINLESS STEEL APPLIANCES. UPDATED BATHROOM, TILE SHOWER SURROUND, NEW TILE FLOORING, NEW VANITY AND TOILET. NEW ROOF, PARTILY FINISHED BASEMENT. FRESHLY PAINTED THROUGHOUT. NEW PRIVACY FENCE. CITY INSPECTION HAS ALREADY BEEN COMPLETED. ALL MEASUREMENT ARE APPROXIMATED REALTOR Remarks: Appointments can only be made on SHOWING TIME: LICENSED AGENT MUST BE PRESENT FOR ALL SHOWINGS, INSPECTIONS, AND WALK THROUGHS . BATVAI
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2022-04-27historical $125,000 564-char remark
Show marketing remark (564 chars)
NEW NEW NEW!!!! COMPLETELY UPDATE HOME. KITCHEN OFFER NEW CABINETS, GRANITE COUNTERTOP AND BEAUTIFUL BACKSPLASH NEW FLOORING IN THE KITCHEN, STAINLESS STEEL APPLIANCES. UPDATED BATHROOM, TILE SHOWER SURROUND, NEW TILE FLOORING, NEW VANITY AND TOILET. NEW ROOF, PARTILY FINISHED BASEMENT. FRESHLY PAINTED THROUGHOUT. NEW PRIVACY FENCE. CITY INSPECTION HAS ALREADY BEEN COMPLETED. ALL MEASUREMENT ARE APPROXIMATED REALTOR Remarks: Appointments can only be made on SHOWING TIME: LICENSED AGENT MUST BE PRESENT FOR ALL SHOWINGS, INSPECTIONS, AND WALK THROUGHS . BATVAI
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2022-04-27historical $125,000
Show marketing remark (564 chars)
NEW NEW NEW!!!! COMPLETELY UPDATE HOME. KITCHEN OFFER NEW CABINETS, GRANITE COUNTERTOP AND BEAUTIFUL BACKSPLASH NEW FLOORING IN THE KITCHEN, STAINLESS STEEL APPLIANCES. UPDATED BATHROOM, TILE SHOWER SURROUND, NEW TILE FLOORING, NEW VANITY AND TOILET. NEW ROOF, PARTILY FINISHED BASEMENT. FRESHLY PAINTED THROUGHOUT. NEW PRIVACY FENCE. CITY INSPECTION HAS ALREADY BEEN COMPLETED. ALL MEASUREMENT ARE APPROXIMATED REALTOR Remarks: Appointments can only be made on SHOWING TIME: LICENSED AGENT MUST BE PRESENT FOR ALL SHOWINGS, INSPECTIONS, AND WALK THROUGHS . BATVAI
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2010-06-25soldstatus $16,500
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2010-03-19$16,000
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2010-02-02historical
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2009-07-15$18,500
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2004-12-23soldstatus $93,000
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2004-06-17soldstatus $93,000
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2004-06-17soldstatus $93,000
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2004-03-20historical
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2004-02-08$95,000
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2004-02-07$95,000
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2004-02-02historical
-
2003-10-12$101,000
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1996-10-10soldstatus $56,000
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1996-09-18soldstatus $56,000
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1996-07-24$56,000
ⓘ 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
- $2,739 · $228/mo
- Projected year-2 tax
- $2,909 · $242/mo
- Expected delta
- +$171/yr (+$14/mo · 6.2%)
ⓘ 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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $18,239
- − Mortgage interest
- −$11,203
- − Property taxes
- −$2,739
- − Insurance
- −$1,000
- − Repairs & maintenance
- −$1,459
- − Management
- −$1,459
- − Depreciation
- −$5,818
- Taxable loss
- −$5,439
- Est. tax savings @ 24.0%
- +$1,305
- After-tax cash flow
- $-610/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
- Wayne-Westland Community School District
- NCES district ID
- 2600015
- Math proficiency
- 11% ▼ -6.00%
- Reading proficiency
- 27% ▼ -2.00%
- Median HH income
- $43,524
- Composite
- 16.4/100
- National rank
- #9195
- State rank
- #474 of 540 in MI
Livability — Inkster
- Score
- 67/100
- State rank
- #406
- US rank
- #11087
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Inkster, MI
- County
- Wayne County · 1,562,939 people
- City population
- 25,428
- Metro
- Detroit-Warren-Dearborn, MI
- Population (ZIP)
- 25,428
- Household income
- $39,252
- Rent vs Own
- Severe rent burden
- 1558.0
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 Black (72%)
- Race & ethnicity
- Black 72% White 17% Two or more races 7% Hispanic / Latino 2% Asian 1%
- Common ancestry
- Romanian 3% Slovak 1% Italian 1%
- Foreign-born
- 5% · Canada, China
- Languages at home
- 92% English-only · Arabic 3% Other Asian/Pacific 1% Spanish 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
- ▼ -11.74%
- Current HPI
- 390.2139
- Rent YoY
- ▲ 2.95%
- 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 |
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| Automotive | 2 | $372B |
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| Chemicals | 1 | $45B |
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| Automotive Retail | 1 | $29B |
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| Healthcare / Medical Devices | 1 | $23B |
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| Automotive Technology | 1 | $20B |
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Price history
+257.1% since first listed27 events — show timeline
- 2026-05-28 Listed $199,999 MiRealSource-MiMLS
- 2026-05-28 Listed $199,999 REALCOMP
- 2022-07-26 Listing Removed — MiRealSource-MiMLS
- 2022-07-14 Sold (Public Records) $140,000 Public Records
- 2022-07-01 Sold (MLS) $140,000 MiRealSource-MiMLS
- 2022-07-01 Sold (MLS) $140,000 REALCOMP
- 2022-05-02 Pending — MiRealSource-MiMLS
- 2022-05-02 Pending — REALCOMP
- 2022-04-29 Listed $125,000 MiRealSource-MiMLS
- 2022-04-29 Listed $125,000 REALCOMP
- 2022-04-27 Coming Soon $125,000 MiRealSource-MiMLS
- 2022-04-27 Coming Soon $125,000 REALCOMP
- 2010-06-25 Sold (MLS) $16,500 REALCOMP
- 2010-03-19 Listed $16,000 REALCOMP
- 2010-02-02 Listing Removed — REALCOMP
- 2009-07-15 Listed $18,500 REALCOMP
- 2004-12-23 Sold (Public Records) $93,000 Public Records
- 2004-06-17 Sold (MLS) $93,000 MiRealSource-MiMLS
- 2004-06-17 Sold (MLS) $93,000 REALCOMP
- 2004-03-20 Listing Removed — MiRealSource-MiMLS
- 2004-02-08 Listed $95,000 MiRealSource-MiMLS
- 2004-02-07 Listed $95,000 REALCOMP
- 2004-02-02 Listing Removed — REALCOMP
- 2003-10-12 Listed $101,000 REALCOMP
- 1996-10-10 Sold (Public Records) $56,000 Public Records
- 1996-09-18 Sold (MLS) $56,000 REALCOMP
- 1996-07-24 Listed $56,000 REALCOMP
Property tax history
+4.1%/yrLatest (2025): $2,739 · -12.9% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…