5996 Princess St · Taylor, MI 48180

$129,900

3 bd · 1.0 ba · 1,064 sqft · SingleFamily public records · 26 Days on market

Built 1910 6,098 sqft lot $122/sqft · 16% below area Est $155k · 16% 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 +19.3/30.0
• ARV discount +14.8/15.0
• DSCR +6.1/10.0
• 1% rule +5.9/10.0
• Livability +3.8/5.0
• Rent growth +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

COME IN AND TAKE A PEEK, THIS COULD BE YOUR NEXT HOME!! NOW AVAILABLE!! 3-bedroom 1 bath colonial home. Large open space from living room to kitchen, makes great for entertaining space. Large eat-in kitchen. All 3 bedrooms are large with big closets, convenient for storage, bathroom features a jetted tub. Exterior features: new roof * 2021, large front porch; yard has a small picket fence area off the back door. This home sit on a corner lot in a small neighborhood with a large park and community pool. The middle school is in walking distance. Home needs some TLC and is sold AS-IS. BATVAI, Sellers are MOTIVATED, all measurements are estimated. Licensed Realtor with the state of Michigan must be present for all showings. FHA & VA will be accepted at no cost to the seller. Excluded from the sale of the property are the motion censored security cameras.

Key facts

• Large eat-in kitchen
• Large front porch
• Community pool

Tags

• LARGE OPEN SPACE
• LARGE EAT-IN KITCHEN
• JETTED TUB
• LARGE FRONT PORCH
• CORNER LOT
• COMMUNITY POOL

Property features AI

Exterior

• Parking: No garage; Parking pad
• Utilities: Public water; Public sewer
• Home design: Two levels; Ground-level entry with steps; Single-family residence; Vinyl siding
• Construction: Asphalt roof; Block foundation; Vinyl siding construction
• Exterior features: Paved road access; Lot roughly 47 x 130 (0.14 acre)

Interior

• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating (natural gas); Ceiling fan(s); No central cooling
• Interior features: Electric water heater; Crawl space basement; Six total rooms

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $144 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $130k).
• Recommended offer: $128k (1.5% below list) — sets the bar for market timing.
• Cap rate 7.6% vs local median 5.4% in Taylor — 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 76/100 on livability (#144 in MI, #3,684 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: employment D+, schools F, crime F.
• Taylor School District (urban): math 14% / reading 27% proficiency, ranked #462 of 540 in MI (top 86%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+4.9%/yr); 281 active listings in the ZIP; 16 comparable units currently listed for rent nearby; rentals at typical pace (median 17d on market — plan ~3-4 weeks tenant-placement turnaround); 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $898 of loan paydown is wiped out by about $4k 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 26 days — a 2% lower offer ($128k) is reasonable based on typical stale-listing flexibility.
• 17 sale attempts since 28y ago; this cycle's ask has dropped $10k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $96k; 35% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $127,951 (1.5% below list)

Questions for the listing agent

1. Built in 1910 — 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: 1.09% ✓
• Cap rate: 7.62%
• Cash-on-cash: 4.74%
• DSCR: 1.21
• GRM: 7.6

CMA / ARV

• ARV (median comp): $155,192
• List price: $129,900
• Delta: -16.30%
• 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
27059 Jeannette Ct	0.18mi	3/1.0	1,020 (-4%)	1mo	$112,500	$110	84
27050 Debra Ct	0.19mi	3/1.0	1,020 (-4%)	1mo	$105,000	$103	84
27051 Joan St	0.25mi	3/1.0	1,020 (-4%)	2mo	$152,500	$150	80
6155 Princess St	0.14mi	4/1.0 (+1)	1,123 (+6%)	2mo	$179,900	$160	78
27029 Michelle Ct	0.28mi	3/1.0	1,020 (-4%)	3mo	$152,500	$150	78
6330 Hampden St	0.29mi	3/1.0	1,008 (-5%)	2mo	$149,900	$149	76
6039 Sylvia St	0.11mi	3/1.0	932 (-12%)	0mo	$150,000	$161	74
26396 Pennie St	0.53mi	2/1.0 (-1)	1,080 (+2%)	2mo	$95,000	$88	66
6304 Marvin St	0.53mi	3/1.0	1,008 (-5%)	2mo	$95,000	$94	65
5969 Fellrath St	0.46mi	2/1.0 (-1)	1,000 (-6%)	0mo	$125,000	$125	63
26333 Eton Ave	0.57mi	3/1.0	1,000 (-6%)	1mo	$95,000	$95	62
26700 Hopkins St	0.73mi	3/1.0	1,110 (+4%)	0mo	$120,000	$108	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 · 4.9% rent growth · sell at horizon

5-year hold

• IRR: -6.6%
• Equity multiple: 0.75×
• Total profit: $-9,070
• Equity at exit: $19,369

10-year hold

• IRR: 5.4%
• Equity multiple: 1.44×
• Total profit: $15,960
• Equity at exit: $11,231

Cash invested: $36,372 (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 48180

• Rents YoY: 4.9%
• Active inventory: 281
• Price-to-rent: 7.6×

Monthly cashflow live

• Estimated rent: $1,420 high
• Mortgage (P&I): −$681
• Tax from tax record: −$243 /mo · $2,912/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$298
• Net cashflow: $144

Break-even live

Break-even rent $1,238

Max offer price $129,900

Occupancy floor 85%

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: $32,475
• Closing costs: $3,897
• Reserves months: —
• Total cash needed: —

Rent comps 16 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
26274 McDonald St Dearborn Heights, MI	3.0	1.0	1365	$1,575	$1.15	1d	1	0.69mi
26089 Lehigh St Inkster, MI	2.0	1.0	900	$1,295	$1.44	17d	1	0.91mi
26159 Stanford St Inkster, MI	4.0	1.0	1056	$1,350	$1.28	4d	1	0.93mi
26382 Colgate St Inkster, MI	2.0	1.0	850	$935	$1.10	24d	1	1.00mi
4301 Harriet St Unit A-1 Inkster, MI	2.0	1.5	1000	$1,300	$1.30	43d	1	1.21mi
26707 Penn St Inkster, MI	3.0	1.0	900	$1,400	$1.56	4d	1	1.28mi
4167 Isabelle St Inkster, MI	2.0	1.0	900	$1,295	$1.44	17d	1	1.28mi
27139 Penn St Inkster, MI	3.0	1.0	832	$675	$0.81	17d	1	1.29mi
26742 Penn St Inkster, MI	3.0	1.0	1000	$1,300	$1.30	16d	1	1.31mi
4080 Isabelle St Inkster, MI	4.0	1.0	975	$1,150	$1.18	14d	1	1.34mi
25722 Carlysle St Dearborn Heights, MI	3.0	1.0	1040	$1,450	$1.39	17d	1	1.37mi
25016 Lehigh St Dearborn Heights, MI	2.0	1.0	1000	$1,400	$1.40	4d	1	1.38mi
3755 Heritage Pkwy Dearborn, MI	2.0	1.0	830	$1,450	$1.75	43d	1	1.41mi
3809 Heritage Pkwy Dearborn, MI	2.0	1.5	1035	$1,400	$1.35	43d	1	1.45mi
3763 Heritage Pkwy Dearborn, MI	2.0	1.5	1035	$1,450	$1.40	43d	1	1.45mi
24684 Lehigh St Dearborn Heights, MI	4.0	1.0	878	$1,600	$1.82	12d	1	1.48mi

Listing history 44 events

1. 2026-06-08
   statusdays on market $129,900 Pending 26 DOM

   Show marketing remark (869 chars)

   COME IN AND TAKE A PEEK, THIS COULD BE YOUR NEXT HOME!! NOW AVAILABLE!! 3-bedroom 1 bath colonial home. Large open space from living room to kitchen, makes great for entertaining space. Large eat-in kitchen. All 3 bedrooms are large with big closets, convenient for storage, bathroom features a jetted tub. Exterior features: new roof * 2021, large front porch; yard has a small picket fence area off the back door. This home sit on a corner lot in a small neighborhood with a large park and community pool. The middle school is in walking distance. Home needs some TLC and is sold AS-IS. BATVAI, Sellers are MOTIVATED, all measurements are estimated. Licensed Realtor with the state of Michigan must be present for all showings. FHA & VA will be accepted at no cost to the seller. Excluded from the sale of the property are the motion censored security cameras.

2. 2026-06-07
   days on market $129,900 Active 25 DOM
3. 2026-06-04
   days on market $129,900 Active 22 DOM
4. 2026-06-03
   days on market $129,900 Active 21 DOM
5. 2026-06-02
   days on market $129,900 Active 20 DOM
6. 2026-06-01
   days on market $129,900 Active 19 DOM
7. 2026-05-31
   days on market $129,900 Active 18 DOM
8. 2026-05-13
   listed $139,900 Active 790-char remark

   Show marketing remark (869 chars)

   COME IN AND TAKE A PEEK, THIS COULD BE YOUR NEXT HOME!! NOW AVAILABLE!! 3-bedroom 1 bath colonial home. Large open space from living room to kitchen, makes great for entertaining space. Large eat-in kitchen. All 3 bedrooms are large with big closets, convenient for storage, bathroom features a jetted tub. Exterior features: new roof * 2021, large front porch; yard has a small picket fence area off the back door. This home sit on a corner lot in a small neighborhood with a large park and community pool. The middle school is in walking distance. Home needs some TLC and is sold AS-IS. BATVAI, Sellers are MOTIVATED, all measurements are estimated. Licensed Realtor with the state of Michigan must be present for all showings. FHA & VA will be accepted at no cost to the seller. Excluded from the sale of the property are the motion censored security cameras.

9. 2026-05-13
   listed $139,900 Active 790-char remark

   Show marketing remark (869 chars)

   COME IN AND TAKE A PEEK, THIS COULD BE YOUR NEXT HOME!! NOW AVAILABLE!! 3-bedroom 1 bath colonial home. Large open space from living room to kitchen, makes great for entertaining space. Large eat-in kitchen. All 3 bedrooms are large with big closets, convenient for storage, bathroom features a jetted tub. Exterior features: new roof * 2021, large front porch; yard has a small picket fence area off the back door. This home sit on a corner lot in a small neighborhood with a large park and community pool. The middle school is in walking distance. Home needs some TLC and is sold AS-IS. BATVAI, Sellers are MOTIVATED, all measurements are estimated. Licensed Realtor with the state of Michigan must be present for all showings. FHA & VA will be accepted at no cost to the seller. Excluded from the sale of the property are the motion censored security cameras.

10. 2017-03-07
    historical
11. 2017-03-07
    historical
12. 2017-03-07
    historical
13. 2017-03-07
    historical
14. 2017-02-17
    listed $44,900 Active
15. 2017-02-17
    price $44,900
16. 2017-02-16
    historical
17. 2017-02-16
    listed $44,900 Active
18. 2017-02-16
    historical
19. 2017-01-03
    listed $49,900 Active
20. 2017-01-03
    listed $44,900
21. 2016-12-29
    listed $49,900 Active
22. 2016-12-29
    listed $49,900 Active
23. 2007-02-09
    historical
24. 2005-12-30
    listed $72,800
25. 2005-12-06
    historical
26. 2005-06-06
    listed $109,000
27. 2005-06-06
    listed $109,000
28. 2003-11-17
    soldstatus $96,365
29. 2003-08-20
    soldstatus $96,365
30. 2003-08-20
    soldstatus $96,365
31. 2003-08-20
    soldstatus $96,365
32. 2003-07-14
    historical
33. 2003-04-30
    listed $99,900
34. 2003-04-21
    listed $99,900
35. 2003-04-21
    listed $99,900
36. 1999-06-15
    soldstatus $68,500
37. 1999-04-28
    soldstatus $68,500
38. 1999-04-28
    soldstatus $68,500
39. 1999-01-27
    listed $69,900
40. 1999-01-27
    listed $69,900
41. 1999-01-27
    historical
42. 1998-09-18
    listed $69,900
43. 1996-07-17
    soldstatus $44,000
44. 1994-09-30
    soldstatus $20,000

ⓘ 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: $2,912 · $243/mo
• Projected year-2 tax: $2,912 · $243/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 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

Taxation est. · year 1

• Rental income: $17,036
• − Mortgage interest: −$7,276
• − Property taxes: −$2,912
• − Insurance: −$650
• − Repairs & maintenance: −$1,363
• − Management: −$1,363
• − Depreciation: −$3,779
• Taxable loss: −$306
• Est. tax savings @ 24.0%: +$74
• After-tax cash flow: $1,796/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: Taylor School District
• NCES district ID: 2633540
• Math proficiency: 14% ▼ -7.00%
• Reading proficiency: 27% ▼ -4.00%
• Median HH income: $43,062
• Composite: 17.62/100
• National rank: #9034
• State rank: #462 of 540 in MI

Livability — Taylor

• Score: 76/100
• State rank: #144
• US rank: #3684

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Taylor, MI
• County: Wayne County · 1,562,939 people
• City population: 62,081
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 62,081
• Household income: $61,081
• Rent vs Own: 33.3% rent · 66.7% own
• Severe rent burden: 1957.0

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: Majority White (65%)
• Race & ethnicity: White 65% Black 19% Two or more races 9% Hispanic / Latino 9% Asian 2%
• Hispanic origin (detail): Mexican 6% Puerto Rican 2%
• Common ancestry: Romanian 8% Lithuanian 3% Slovak 2%
• Foreign-born: 7% · Canada
• Languages at home: 89% English-only · Spanish 4% Arabic 3% Other Indo-European 3%

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: ▼ -212.33%
• Current HPI: 228.921
• Rent YoY: ▲ 4.90%
• 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

+549.5% since first listed

41 events — show timeline

• 2026-06-08 Pending — MiRealSource-MiMLS
• 2026-06-08 Pending — REALCOMP
• 2026-05-29 Price Changed $129,900 MiRealSource-MiMLS
• 2026-05-29 Price Changed $129,900 REALCOMP
• 2026-05-13 Listed $139,900 REALCOMP
• 2026-05-13 Listed $139,900 MiRealSource-MiMLS
• 2017-03-07 Listing Removed — REALCOMP
• 2017-03-07 Listing Removed — MiRealSource-MiMLS
• 2017-03-07 Listing Removed — MiRealSource-MiMLS
• 2017-03-07 Listing Removed — REALCOMP
• 2017-02-17 Listed $44,900 MiRealSource-MiMLS
• 2017-02-17 Price Changed $44,900 MiRealSource-MiMLS
• 2017-02-16 Listing Removed — REALCOMP
• 2017-02-16 Listed $44,900 REALCOMP
• 2017-02-16 Listing Removed — MiRealSource-MiMLS
• 2017-01-03 Listed $49,900 MiRealSource-MiMLS
• 2017-01-03 Listed $44,900 REALCOMP
• 2016-12-29 Listed $49,900 MiRealSource-MiMLS
• 2016-12-29 Listed $49,900 REALCOMP
• 2007-02-09 Listing Removed — REALCOMP
• 2005-12-30 Listed $72,800 REALCOMP
• 2005-12-06 Listing Removed — MiRealSource-MiMLS
• 2005-06-06 Listed $109,000 REALCOMP
• 2005-06-06 Listed $109,000 MiRealSource-MiMLS
• 2003-11-17 Sold (Public Records) $96,365 Public Records
• 2003-08-20 Sold (MLS) $96,365 REALCOMP
• 2003-08-20 Sold (MLS) $96,365 REALCOMP
• 2003-08-20 Sold (MLS) $96,365 MiRealSource-MiMLS
• 2003-07-14 Listing Removed — MiRealSource-MiMLS
• 2003-04-30 Listed $99,900 REALCOMP
• 2003-04-21 Listed $99,900 REALCOMP
• 2003-04-21 Listed $99,900 MiRealSource-MiMLS
• 1999-06-15 Sold (Public Records) $68,500 Public Records
• 1999-04-28 Sold (MLS) $68,500 MiRealSource-MiMLS
• 1999-04-28 Sold (MLS) $68,500 REALCOMP
• 1999-01-27 Listing Removed — REALCOMP
• 1999-01-27 Listed $69,900 MiRealSource-MiMLS
• 1999-01-27 Listed $69,900 REALCOMP
• 1998-09-18 Listed $69,900 REALCOMP
• 1996-07-17 Sold (Public Records) $44,000 Public Records
• 1994-09-30 Sold (Public Records) $20,000 Public Records

Property tax history

+2.1%/yr

Latest (2025): $2,912 · +2.4% YoY. Source: county tax records.