141 W Granet Ave · Hazel Park, MI 48030

$125,000

2 bd · 1.0 ba · 568 sqft · SingleFamily public records · 46 Days on market

Built 1920 5,663 sqft lot Est $124k · at est.

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Why this score? — see what drove the D 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 +16.2/30.0
• ARV discount +7.3/15.0
• 1% rule +5.1/10.0
• DSCR +5.0/10.0
• Livability +4.0/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Schools +1.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Adorable 2 bedroom, 1 bath, meticulously updated house in Hazel Park is the perfect place to call home! Freshly painted, BRAND NEW ROOF, with new carpeting in the living room and bedrooms, as well as new vinyl flooring in the kitchen and full bath, newer vinyl windows, all updated electrical service, and an instant hot water tank, this home has many updates designed for comfort and efficiency. The efficiency kitchen boasts brand new stainless appliances (included with the house) is cute and functional and open to the living/dining area. The laundry area is connected to the kitchen with new washer & dryer (appliances included). The large full bath has been completely remodeled with new toilet, new vanity, new tub and shower surround, and gorgeous upscale lighting. The main living space, with its several windows, is bright and cheerful, allowing an abundance of natural light to cascade into your room. All new light fixtures have been installed throughout the home. A charming and idyllic screened in front porch provides the perfect place for you to relax and unwind or to entertain, a place to enjoy rainstorms or carefree, sunshiny days. The backyard is completely fenced and also presents several possibilities for gathering. A storage shed on a cement slab provides ample storage space. Located on a quiet street, but walking distance to coffee shops, nightlife, shopping, and moments from all major expressways, this home is a gem!

Key facts

• 5,663 sq ft lot
• Built 1920
• Listed 46 days

Property features AI

Exterior

• Parking: No garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One story; Ground-level entry
• Construction: Aluminum siding construction
• Exterior features: Paved road access; Aluminum siding

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); No cooling
• Interior features: Crawl space basement; Ground-level entry; Total of 2 rooms

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $125k.

Deal economics

• At list price, monthly cash flow is $67 ($803/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $125k).
• Recommended offer: $121k (3.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 81/100 on livability (#65 in MI, #1,385 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: employment D+.
• Hazel Park School District (suburban): math 10% / reading 24% proficiency, ranked #490 of 540 in MI (top 91%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 70% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Hoover Elementary School (math 8% / reading 12%, grade F, #1,277 of 1,397 statewide, top 93%, 266 students, 81% FRL); Hazel Park Junior High School (math 11% / reading 30%, grade F, #418 of 493 statewide, top 85%, 430 students, 78% FRL); Hazel Park High School (math 12% / reading 27%, grade F, #622 of 713 statewide, top 88%, 587 students, 73% FRL).
• Market conditions: Rents rising (+2.9%/yr); 141 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals at typical pace (median 20d on market — plan ~3-4 weeks tenant-placement turnaround); 2,614 units permitted in Oakland County in 2024 (721 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $864 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Oakland County population projected at +10% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 46 days — a 3% lower offer ($121k) is reasonable based on typical stale-listing flexibility.
• 17 sale attempts since 14y ago; this cycle's ask has dropped $10k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $121,250 (3.0% below list)

Questions for the listing agent

1. It's been on market 46 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1920 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 1.01% ✓
• Cap rate: 6.94%
• Cash-on-cash: 2.30%
• DSCR: 1.10
• GRM: 8.3

CMA / ARV

• ARV (on-the-fly): $124,392
• Comps found: 5

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
74 W Bernhard Ave	0.29mi	2/1.0	597 (+5%)	3mo	$131,000	$219	76
355 W Woodruff Ave	0.38mi	2/1.0	589 (+4%)	11mo	$120,000	$204	67
101 W Maxlow Ave	0.21mi	2/1.0	629 (+11%)	13mo	$132,000	$210	62
346 E Bernhard Ave	0.39mi	2/1.0	643 (+13%)	2mo	$143,000	$222	58
1641 Silman St St	0.31mi	2/1.0	640 (+13%)	11mo	$186,500	$291	55

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 · 2.9% rent growth · sell at horizon

5-year hold

• IRR: -12.7%
• Equity multiple: 0.54×
• Total profit: $-16,059
• Equity at exit: $18,638

10-year hold

• IRR: -3.8%
• Equity multiple: 0.75×
• Total profit: $-8,770
• Equity at exit: $10,808

Cash invested: $35,000 (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

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

Methodology + full state rankings →

ZIP-level market 48030

• Rents YoY: 2.9%
• Active inventory: 141
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $1,262 high
• Mortgage (P&I): −$656
• Tax from tax record: −$222 /mo · $2,667/yr
• Insurance: −$52
• HOA: −$0
• Vacancy / Maint / Mgmt: −$265
• Net cashflow: $67

Break-even live

Break-even rent $1,177

Max offer price $125,000

Occupancy floor 90%

Sensitivity live

Price	-10% $138	-5% $102	+0% $67	+5% $32	+10% $-4
Rent	-10% $-33	-5% $17	+0% $67	+5% $117	+10% $167
Rate	-1.0pp $130	-0.5pp $99	base $67	+0.5pp $35	+1.0pp $2

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: $31,250
• Closing costs: $3,750
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
27 E Milton Ave Hazel Park, MI	1.0	1.0	568	$1,050	$1.85	16d	1	0.37mi
155 W George Ave Hazel Park, MI	2.0	1.0	725	$1,000	$1.38	26d	1	0.46mi
23115 Tawas Ave Hazel Park, MI	2.0	1.0	706	$1,375	$1.95	26d	1	0.70mi
1211 E Bernhard Ave Hazel Park, MI	2.0	1.0	721	$1,500	$2.08	26d	1	0.76mi
690 E Marshall St Unit Lower Ferndale, MI	1.0	1.0	700	$1,295	$1.85	12d	1	0.80mi
23773 Hazelwood Ave Hazel Park, MI	2.0	1.0	671	$1,400	$2.09	14d	1	0.93mi
1621 E Evelyn Ave Hazel Park, MI	2.0	1.0	749	$1,295	$1.73	19d	1	0.97mi
552 E Saratoga St Unit Upper Unit Ferndale, MI	2.0	1.0	700	$1,300	$1.86	26d	1	1.10mi
1045 E Woodward Heights Blvd Hazel Park, MI	1.0–2.0	1.0	715	$1,209	$1.69	26d	3	1.13mi
550 Rosewood St Unit 202 Ferndale, MI	1.0	1.0	655	$1,200	$1.83	1d	1	1.18mi
2215 Browning St Ferndale, MI	2.0	1.0	739	$1,350	$1.83	6d	1	1.19mi
165 E Hazelhurst St Unit 2 Ferndale, MI	1.0	1.0	500	$898	$1.80	19d	1	1.20mi
425 Vester St Unit A Ferndale, MI	2.0	1.0	525	$1,349	$2.57	7d	1	1.20mi
21516 Dequindre Rd Warren, MI	1.0–2.0	1.0	837	$1,375	$1.64	23d	1	1.22mi
218 Academy St Unit Upper Unit Ferndale, MI	1.0	1.0	500	$850	$1.70	7d	1	1.27mi
1291 W State Fair Ave Detroit, MI	1.0–2.0	1.0	700	$950	$1.36	14d	2	1.29mi
22111 Woodward Ave Ferndale, MI	2.0	1.0	816	$3,355	$4.11	18d	1	1.36mi
1770 E Woodward Heights Blvd Unit C6 Hazel Park, MI	1.0	1.0	550	$1,100	$2.00	26d	1	1.39mi
1770 E Woodward Heights Blvd Unit C1 Hazel Park, MI	1.0	1.0	550	$1,350	$2.45	26d	1	1.39mi
1770 E Woodward Heights Blvd Hazel Park, MI	1.0–2.0	1.0	712	$1,400	$1.96	7d	1	1.39mi
525 E Woodland St Ferndale, MI	1.0	1.0	400	$1,070	$2.67	23d	1	1.49mi

Listing history 50 events

1. 2026-06-21
   days on market $125,000 Active 46 DOM
2. 2026-06-18
   days on market $125,000 Active 43 DOM
3. 2026-06-17
   days on market $125,000 Active 42 DOM
4. 2026-06-16
   days on market $125,000 Active 41 DOM
5. 2026-06-15
   days on market $125,000 Active 40 DOM
6. 2026-06-13
   days on market $125,000 Active 38 DOM
7. 2026-06-13
   pricedays on market $125,000 Active 37 DOM
8. 2026-06-09
   days on market $135,000 Active 34 DOM
9. 2026-06-08
   days on market $135,000 Active 33 DOM
10. 2026-06-07
    days on market $135,000 Active 32 DOM
11. 2026-06-04
    days on market $135,000 Active 29 DOM
12. 2026-06-03
    days on market $135,000 Active 28 DOM
13. 2026-06-02
    days on market $135,000 Active 27 DOM
14. 2026-06-01
    days on market $135,000 Active 26 DOM
15. 2026-05-31
    days on market $135,000 Active 25 DOM
16. 2026-05-06
    listed $135,000 Active

    Show marketing remark (1454 chars)

    Adorable 2 bedroom, 1 bath, meticulously updated house in Hazel Park is the perfect place to call home! Freshly painted, BRAND NEW ROOF, with new carpeting in the living room and bedrooms, as well as new vinyl flooring in the kitchen and full bath, newer vinyl windows, all updated electrical service, and an instant hot water tank, this home has many updates designed for comfort and efficiency. The efficiency kitchen boasts brand new stainless appliances (included with the house) is cute and functional and open to the living/dining area. The laundry area is connected to the kitchen with new washer & dryer (appliances included). The large full bath has been completely remodeled with new toilet, new vanity, new tub and shower surround, and gorgeous upscale lighting. The main living space, with its several windows, is bright and cheerful, allowing an abundance of natural light to cascade into your room. All new light fixtures have been installed throughout the home. A charming and idyllic screened in front porch provides the perfect place for you to relax and unwind or to entertain, a place to enjoy rainstorms or carefree, sunshiny days. The backyard is completely fenced and also presents several possibilities for gathering. A storage shed on a cement slab provides ample storage space. Located on a quiet street, but walking distance to coffee shops, nightlife, shopping, and moments from all major expressways, this home is a gem!

17. 2026-05-06
    listed $135,000 Active 1454-char remark

    Show marketing remark (1454 chars)

    Adorable 2 bedroom, 1 bath, meticulously updated house in Hazel Park is the perfect place to call home! Freshly painted, BRAND NEW ROOF, with new carpeting in the living room and bedrooms, as well as new vinyl flooring in the kitchen and full bath, newer vinyl windows, all updated electrical service, and an instant hot water tank, this home has many updates designed for comfort and efficiency. The efficiency kitchen boasts brand new stainless appliances (included with the house) is cute and functional and open to the living/dining area. The laundry area is connected to the kitchen with new washer & dryer (appliances included). The large full bath has been completely remodeled with new toilet, new vanity, new tub and shower surround, and gorgeous upscale lighting. The main living space, with its several windows, is bright and cheerful, allowing an abundance of natural light to cascade into your room. All new light fixtures have been installed throughout the home. A charming and idyllic screened in front porch provides the perfect place for you to relax and unwind or to entertain, a place to enjoy rainstorms or carefree, sunshiny days. The backyard is completely fenced and also presents several possibilities for gathering. A storage shed on a cement slab provides ample storage space. Located on a quiet street, but walking distance to coffee shops, nightlife, shopping, and moments from all major expressways, this home is a gem!

18. 2026-04-28
    historical
19. 2026-04-24
    listed $150,000 Active
20. 2026-04-24
    listed $150,000 Active
21. 2026-04-23
    historical
22. 2025-05-28
    soldstatus $115,000
23. 2025-05-15
    soldstatus $115,000 Closed
24. 2025-05-15
    soldstatus $115,000 Closed
25. 2025-04-29
    historical Accepting Backup Offers
26. 2025-04-29
    historical Active Under Contract
27. 2025-04-22
    price $114,900
28. 2025-04-22
    price $114,900
29. 2025-04-11
    price $118,000
30. 2025-04-10
    price $118,000
31. 2025-03-27
    status Active
32. 2025-03-27
    status Active
33. 2025-03-26
    historical Accepting Backup Offers
34. 2025-03-26
    historical Active Under Contract
35. 2025-03-20
    price $119,000
36. 2025-03-20
    price $119,000
37. 2025-03-19
    listed $125,000 Active
38. 2025-03-19
    listed $125,000 Active
39. 2014-04-30
    historical
40. 2013-12-31
    historical
41. 2013-12-31
    historical
42. 2013-11-25
    listed $5,000
43. 2013-11-25
    listed $5,000
44. 2013-11-24
    historical
45. 2013-10-02
    listed $9,977
46. 2013-10-02
    listed $9,977
47. 2013-08-22
    historical
48. 2013-08-22
    historical
49. 2013-08-22
    historical
50. 2013-03-14
    listed $7,000

ⓘ 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: $2,667 · $222/mo
• Projected year-2 tax: $2,667 · $222/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 3/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,141
• − Mortgage interest: −$7,002
• − Property taxes: −$2,667
• − Insurance: −$625
• − Repairs & maintenance: −$1,211
• − Management: −$1,211
• − Depreciation: −$3,636
• Taxable loss: −$1,212
• Est. tax savings @ 24.0%: +$291
• After-tax cash flow: $1,094/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: Hazel Park School District
• NCES district ID: 2618030
• Math proficiency: 10% ▼ -2.00%
• Reading proficiency: 24% ▲ 1.00%
• Median HH income: $36,181
• Composite: 14.05/100
• National rank: #9466
• State rank: #490 of 540 in MI

Livability — Hazel Park

• Score: 81/100
• State rank: #65
• US rank: #1385

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hazel Park, MI
• County: Oakland County · 1,009,092 people
• City population: 14,963
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 14,963
• Household income: $67,073
• Rent vs Own: 33.9% rent · 66.1% own
• Severe rent burden: 432.0

Population outlook (Oakland County) Hauer SSP2

• Today (2025): 1,335,747 people
• By 2030: 1,375,100 · +2.9%
• By 2040: 1,435,385 · +7.5%
• By 2050: 1,469,250 · +10.0%
• By 2075: 1,531,946 · +14.7%
• By 2100: 1,450,485 · +8.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (74%)
• Race & ethnicity: White 74% Two or more races 10% Black 10% Hispanic / Latino 6% Asian 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2%
• Common ancestry: Romanian 11% Slovak 3% Lithuanian 2%
• Foreign-born: 5% · Canada
• Languages at home: 92% English-only · Spanish 5% Arabic 1% Russian/Polish/Slavic 1%

Political lean MEDSL · Oakland

• 2024 margin: D (+10.6) · D 54.4% · R 43.8% · Other 1.9%
• 2008→2024 swing: -3.9pp toward R · 2008: 14.5pp · 2024: 10.6pp
• All cycles: 2024: D+10.6 2020: D+14.1 2016: D+8.1 2012: D+8.1 2008: D+14.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -184.32%
• Current HPI: 285.5923
• Rent YoY: ▲ 2.90%
• 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

+779.5% since first listed

42 events — show timeline

• 2026-05-06 Listed $135,000 REALCOMP
• 2026-05-06 Listed $135,000 MiRealSource-MiMLS
• 2026-04-28 Listing Removed — MiRealSource-MiMLS
• 2026-04-24 Listed $150,000 MiRealSource-MiMLS
• 2026-04-24 Listed $150,000 REALCOMP
• 2026-04-23 Coming Soon — MiRealSource-MiMLS
• 2025-05-28 Sold (Public Records) $115,000 Public Records
• 2025-05-15 Sold (MLS) $115,000 MiRealSource-MiMLS
• 2025-05-15 Sold (MLS) $115,000 REALCOMP
• 2025-04-29 Contingent — MiRealSource-MiMLS
• 2025-04-29 Contingent — REALCOMP
• 2025-04-22 Price Changed $114,900 MiRealSource-MiMLS
• 2025-04-22 Price Changed $114,900 REALCOMP
• 2025-04-11 Price Changed $118,000 MiRealSource-MiMLS
• 2025-04-10 Price Changed $118,000 REALCOMP
• 2025-03-27 Relisted — MiRealSource-MiMLS
• 2025-03-27 Relisted — REALCOMP
• 2025-03-26 Contingent — MiRealSource-MiMLS
• 2025-03-26 Contingent — REALCOMP
• 2025-03-20 Price Changed $119,000 MiRealSource-MiMLS
• 2025-03-20 Price Changed $119,000 REALCOMP
• 2025-03-19 Listed $125,000 MiRealSource-MiMLS
• 2025-03-19 Listed $125,000 REALCOMP
• 2014-04-30 Listing Removed — MiRealSource-MiMLS
• 2013-12-31 Listing Removed — REALCOMP
• 2013-12-31 Listing Removed — MiRealSource-MiMLS
• 2013-11-25 Listed $5,000 REALCOMP
• 2013-11-25 Listed $5,000 MiRealSource-MiMLS
• 2013-11-24 Listing Removed — REALCOMP
• 2013-10-02 Listed $9,977 REALCOMP
• 2013-10-02 Listed $9,977 MiRealSource-MiMLS
• 2013-08-22 Listing Removed — MiRealSource-MiMLS
• 2013-08-22 Listing Removed — REALCOMP
• 2013-08-22 Listing Removed — MiRealSource-MiMLS
• 2013-03-14 Listed $7,000 MiRealSource-MiMLS
• 2013-03-14 Listed $7,000 REALCOMP
• 2013-02-28 Listing Removed — REALCOMP
• 2013-02-28 Listing Removed — MiRealSource-MiMLS
• 2012-11-12 Listed $11,977 REALCOMP
• 2012-11-12 Listed $7,000 MiRealSource-MiMLS
• 2012-11-12 Listed $11,977 MiRealSource-MiMLS
• 1994-10-14 Sold (Public Records) $15,350 Public Records

Property tax history

+6.5%/yr

Latest (2025): $2,667 · +97.3% YoY. Source: county tax records.