7166 Pardee Rd · Taylor, MI 48180

$59,900

2 bd · 1.0 ba · 768 sqft · SingleFamily public records · 9 Days on market

Built 1957 7,405 sqft 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 +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

Highest and Best Due by 3/20/26 @ 12 noon Investor Special – Huge Potential in Taylor! Opportunity awaits at 7166 Pardee Road in Taylor! Priced at $59,900, this property offers a rare chance for investors, renovators, or buyers looking to build serious equity with the right updates. This 1-story ranch features 2 bedrooms and 1 bathroom with a functional layout that includes a connected living room and dining area, a kitchen with laundry, and a convenient mud room. While the home is compact, it provides a solid starting point for a renovation project. The property does need work, including windows, doors, gutters, and foundation repairs, along with some exterior improvements such as wood replacement around the windows. The garage will need a roof, but it also features a covered patio area attached, offering potential for a great outdoor space once updated. With the right improvements, this home has the potential to become a great rental property, fix-and-flip opportunity, or affordable starter home. Located in Taylor with convenient access to local amenities, shopping, and major roads, the location adds to its long-term value. Properties at this price point with this much potential are becoming harder to find. Bring your vision, your contractor, and unlock the possibilities at 7166 Pardee Road.

Key facts

• Convenient access
• Functional layout
• Covered patio area

Tags

• FUNCTIONAL LAYOUT
• COVERED PATIO AREA
• CONVENIENT ACCESS

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $60k.

Deal economics

• At list price, monthly cash flow is $504 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $60k).
• Cap rate 16.4% 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+, 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.
• Zoned schools: Clarence Randall Elem School (math 10% / reading 10%, grade F, #1,230 of 1,397 statewide, top 91%, 461 students, 81% FRL); Robert J West Middle School (math 12% / reading 32%, grade F, #408 of 493 statewide, top 84%, 641 students, 68% FRL); Taylor High School (math 37% / reading 52%, grade F, #214 of 713 statewide, top 36%, 1,394 students, 66% FRL) — zoned schools at 72% FRL track the district average.
• Market conditions: Rents rising fast (+4.9%/yr); 289 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals leasing fast (median 7d on market — plan ~1-2 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 $414 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 4.9% rent growth), your $17k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 9 days on market — expect competitive offers; lowballing is unlikely to land.
• 2 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.

Risks & watch-outs

• Watch-outs: property tax is 3.1% of price; built in 1957 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $59,900

Questions for the listing agent

1. Built in 1957 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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 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: 2.11% ✓
• Cap rate: 16.40%
• Cash-on-cash: 36.09%
• DSCR: 2.61
• GRM: 4.0

CMA / ARV

• ARV (on-the-fly): $132,096
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7166 Pardee Rd	0.00mi	2/1.0	850 (+11%)	1mo	$73,000	$86	81
8034 Elm St	0.36mi	2/1.0	768 (0%)	4mo	$87,000	$113	80
8025 Oak St	0.36mi	2/1.0	725 (-6%)	4mo	$90,000	$124	70
7140 Elm St	0.12mi	3/1.0 (+1)	851 (+11%)	3mo	$165,000	$194	68
8303 Birch St	0.52mi	3/1.0 (+1)	754 (-2%)	2mo	$110,000	$146	66
8026 Robert St	0.33mi	3/1.0 (+1)	816 (+6%)	7mo	$140,000	$172	63
7921 Pine St	0.34mi	3/1.0 (+1)	832 (+8%)	7mo	$143,264	$172	60
6864 Cornell St	0.42mi	3/1.0 (+1)	832 (+8%)	2mo	$95,000	$114	59
8094 Elm St	0.41mi	3/1.0 (+1)	720 (-6%)	8mo	$155,000	$215	59
6849 Cornell St St	0.41mi	3/1.0 (+1)	864 (+12%)	6mo	$150,000	$174	50
6672 Madison St	0.43mi	3/1.0 (+1)	864 (+12%)	5mo	$185,000	$214	50
6832 Cornell St	0.44mi	3/1.0 (+1)	864 (+12%)	6mo	$114,000	$132	48

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: 34.2%
• Equity multiple: 2.49×
• Total profit: $24,945
• Equity at exit: $8,931

10-year hold

• IRR: 42.2%
• Equity multiple: 5.40×
• Total profit: $73,856
• Equity at exit: $5,179

Cash invested: $16,772 (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: 289
• Price-to-rent: 4.0×

Monthly cashflow live

• Estimated rent: $1,263 high
• Mortgage (P&I): −$314
• Tax from tax record: −$154 /mo · $1,850/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$265
• Net cashflow: $504

Break-even live

Break-even rent $624

Max offer price $59,900

Occupancy floor 55%

Sensitivity live

Price	-10% $538	-5% $521	+0% $504	+5% $487	+10% $470
Rent	-10% $405	-5% $455	+0% $504	+5% $554	+10% $604
Rate	-1.0pp $535	-0.5pp $520	base $504	+0.5pp $489	+1.0pp $473

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: $14,975
• Closing costs: $1,797
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7873 Syracuse St Taylor, MI	2.0	1.0	728	$1,400	$1.92	45d	1	0.40mi
6477 Westpoint St Taylor, MI	1.0	1.0	650	$900	$1.38	6d	1	0.64mi
24268 Haskell St Taylor, MI	1.0–2.0	1.0	880	$1,570	$1.78	0d	7	0.93mi
5640 Pardee Ave Dearborn Heights, MI	1.0	1.0	799	$999	$1.25	26d	1	1.01mi
5680 Pardee Ave Dearborn Heights, MI	1.0	1.0	750	$999	$1.33	26d	1	1.07mi
5680 Pardee Ave Unit 3 Dearborn Heights, MI	1.0	1.0	750	$999	$1.33	19d	1	1.07mi
5640 Pardee Ave Unit 7 Dearborn Heights, MI	1.0	1.0	799	$999	$1.25	4d	1	1.10mi
9620 Elm St Taylor, MI	2.0	1.0	800	$1,470	$1.84	0d	3	1.24mi
4934 McKinley St Dearborn Heights, MI	3.0	1.0	1051	$1,700	$1.62	0d	1	1.38mi
5845 Michael St Taylor, MI	2.0	1.0	618	$1,325	$2.14	6d	1	1.49mi

Listing history 4 events

1. 2026-03-21
   status Pending 1333-char remark

   Show marketing remark (1333 chars)

   Highest and Best Due by 3/20/26 @ 12 noon Investor Special – Huge Potential in Taylor! Opportunity awaits at 7166 Pardee Road in Taylor! Priced at $59,900, this property offers a rare chance for investors, renovators, or buyers looking to build serious equity with the right updates. This 1-story ranch features 2 bedrooms and 1 bathroom with a functional layout that includes a connected living room and dining area, a kitchen with laundry, and a convenient mud room. While the home is compact, it provides a solid starting point for a renovation project. The property does need work, including windows, doors, gutters, and foundation repairs, along with some exterior improvements such as wood replacement around the windows. The garage will need a roof, but it also features a covered patio area attached, offering potential for a great outdoor space once updated. With the right improvements, this home has the potential to become a great rental property, fix-and-flip opportunity, or affordable starter home. Located in Taylor with convenient access to local amenities, shopping, and major roads, the location adds to its long-term value. Properties at this price point with this much potential are becoming harder to find. Bring your vision, your contractor, and unlock the possibilities at 7166 Pardee Road.

2. 2026-03-21
   status Pending

   Show marketing remark (1333 chars)

   Highest and Best Due by 3/20/26 @ 12 noon Investor Special – Huge Potential in Taylor! Opportunity awaits at 7166 Pardee Road in Taylor! Priced at $59,900, this property offers a rare chance for investors, renovators, or buyers looking to build serious equity with the right updates. This 1-story ranch features 2 bedrooms and 1 bathroom with a functional layout that includes a connected living room and dining area, a kitchen with laundry, and a convenient mud room. While the home is compact, it provides a solid starting point for a renovation project. The property does need work, including windows, doors, gutters, and foundation repairs, along with some exterior improvements such as wood replacement around the windows. The garage will need a roof, but it also features a covered patio area attached, offering potential for a great outdoor space once updated. With the right improvements, this home has the potential to become a great rental property, fix-and-flip opportunity, or affordable starter home. Located in Taylor with convenient access to local amenities, shopping, and major roads, the location adds to its long-term value. Properties at this price point with this much potential are becoming harder to find. Bring your vision, your contractor, and unlock the possibilities at 7166 Pardee Road.

3. 2026-03-12
   listed $59,900 Active 1333-char remark

   Show marketing remark (1333 chars)

   Highest and Best Due by 3/20/26 @ 12 noon Investor Special – Huge Potential in Taylor! Opportunity awaits at 7166 Pardee Road in Taylor! Priced at $59,900, this property offers a rare chance for investors, renovators, or buyers looking to build serious equity with the right updates. This 1-story ranch features 2 bedrooms and 1 bathroom with a functional layout that includes a connected living room and dining area, a kitchen with laundry, and a convenient mud room. While the home is compact, it provides a solid starting point for a renovation project. The property does need work, including windows, doors, gutters, and foundation repairs, along with some exterior improvements such as wood replacement around the windows. The garage will need a roof, but it also features a covered patio area attached, offering potential for a great outdoor space once updated. With the right improvements, this home has the potential to become a great rental property, fix-and-flip opportunity, or affordable starter home. Located in Taylor with convenient access to local amenities, shopping, and major roads, the location adds to its long-term value. Properties at this price point with this much potential are becoming harder to find. Bring your vision, your contractor, and unlock the possibilities at 7166 Pardee Road.

4. 2026-03-12
   listed $59,900 Active

   Show marketing remark (1333 chars)

   Highest and Best Due by 3/20/26 @ 12 noon Investor Special – Huge Potential in Taylor! Opportunity awaits at 7166 Pardee Road in Taylor! Priced at $59,900, this property offers a rare chance for investors, renovators, or buyers looking to build serious equity with the right updates. This 1-story ranch features 2 bedrooms and 1 bathroom with a functional layout that includes a connected living room and dining area, a kitchen with laundry, and a convenient mud room. While the home is compact, it provides a solid starting point for a renovation project. The property does need work, including windows, doors, gutters, and foundation repairs, along with some exterior improvements such as wood replacement around the windows. The garage will need a roof, but it also features a covered patio area attached, offering potential for a great outdoor space once updated. With the right improvements, this home has the potential to become a great rental property, fix-and-flip opportunity, or affordable starter home. Located in Taylor with convenient access to local amenities, shopping, and major roads, the location adds to its long-term value. Properties at this price point with this much potential are becoming harder to find. Bring your vision, your contractor, and unlock the possibilities at 7166 Pardee Road.

ⓘ 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: $1,850 · $154/mo
• Projected year-2 tax: $1,850 · $154/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 ≥97°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: $15,153
• − Mortgage interest: −$3,355
• − Property taxes: −$1,850
• − Insurance: −$300
• − Repairs & maintenance: −$1,212
• − Management: −$1,212
• − Depreciation: −$1,743
• Taxable income: $5,482
• Est. tax owed @ 24.0%: −$1,316
• After-tax cash flow: $4,737/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

+0.0% since first listed

4 events — show timeline

• 2026-03-21 Pending — MiRealSource-MiMLS
• 2026-03-21 Pending — REALCOMP
• 2026-03-12 Listed $59,900 REALCOMP
• 2026-03-12 Listed $59,900 MiRealSource-MiMLS

Property tax history

+2.5%/yr

Latest (2025): $1,850 · -18.1% YoY. Source: county tax records.