637 Orange St · Wyandotte, MI 48192

$135,000

3 bd · 1.0 ba · 1,292 sqft · SingleFamily public records · 30 Days on market

Built 1900 Est $164k · 18% under

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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 +25.0/30.0
• ARV discount +15.0/15.0
• DSCR +8.2/10.0
• 1% rule +6.9/10.0
• Rent growth +4.5/5.0
• Livability +4.4/5.0
• Schools +3.1/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This is a Fannie Mae HomePath property. Spectacular 3 bedroom bungalow with open concept living, Huge 6 car plus mechanic's garage with workshop and large over head door. Home features newer hardwood flooring, kitchen counters and other recent updates through-out. 1st floor laundry. Master bedroom suite with his and hers closets. Also walking distance to downtown, school and dining, immediate occupancy.

Key facts

• Cosmetic renovation
• Usable layout
• Detached garage

Tags

• DETACHED GARAGE
• OFFICE AND WORKSPACE POTENTIAL
• COSMETIC RENOVATION
• USABLE LAYOUT
• UNIQUE DETACHED STRUCTURE

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $135k.

Deal economics

• At list price, monthly cash flow is $295 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $135k).
• Recommended offer: $133k (1.5% below list) — sets the bar for market timing.
• Cap rate 8.9% vs local median 4.9% in Wyandotte — 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 88/100 on livability (#11 in MI, #181 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: employment C-.
• Wyandotte School District (suburban): math 27% / reading 45% proficiency, ranked #262 of 540 in MI (top 48%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+7.9%/yr); 117 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $933 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.
• At projected returns (-3.0% appreciation + 7.9% rent growth), your $38k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 30 days — a 2% lower offer ($133k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 11y 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 $104k; 30% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $132,975 (1.5% below list)

Questions for the listing agent

1. Built in 1900 — 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 B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
4. 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.
5. 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.
6. 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: 1.19% ✓
• Cap rate: 8.92%
• Cash-on-cash: 9.37%
• DSCR: 1.42
• GRM: 7.0

CMA / ARV

• ARV (on-the-fly): $164,084
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
416 Plum St	0.26mi	3/1.5	1,276 (-1%)	7mo	$225,000	$176	78
656 Pine St	0.04mi	3/1.0	1,404 (+9%)	11mo	$150,000	$107	74
344 Oak St	0.46mi	3/2.0	1,332 (+3%)	1mo	$250,000	$188	68
3624 8th St	0.21mi	3/1.0	1,469 (+14%)	0mo	$200,000	$136	67
566 Elm St	0.33mi	3/1.0	1,164 (-10%)	10mo	$136,000	$117	60
3819 15th St	0.67mi	3/1.0	1,342 (+4%)	7mo	$153,000	$114	56
3444 15th St	0.63mi	3/1.5	1,375 (+6%)	3mo	$174,000	$127	55
2624 10th St	0.67mi	3/1.0	1,164 (-10%)	1mo	$145,000	$125	51
3366 11th St	0.41mi	4/1.5 (+1)	1,100 (-15%)	3mo	$205,000	$186	46
355 Oak St	0.43mi	3/1.5	1,484 (+15%)	10mo	$180,000	$121	45
3897 15th St	0.70mi	3/1.0	1,417 (+10%)	10mo	$160,000	$113	43
3446 17th St	0.73mi	3/2.0	1,200 (-7%)	11mo	$163,950	$137	41

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 · 7.86% rent growth · sell at horizon

5-year hold

• IRR: 3.4%
• Equity multiple: 1.14×
• Total profit: $5,246
• Equity at exit: $20,129

10-year hold

• IRR: 17.2%
• Equity multiple: 2.76×
• Total profit: $66,509
• Equity at exit: $11,672

Cash invested: $37,800 (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 48192

• Rents YoY: 7.9%
• Active inventory: 117
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $1,612 high
• Mortgage (P&I): −$708
• Tax from tax record: −$214 /mo · $2,567/yr
• Insurance: −$56
• HOA: −$0
• Vacancy / Maint / Mgmt: −$338
• Net cashflow: $295

Break-even live

Break-even rent $1,238

Max offer price $135,000

Occupancy floor 77%

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: $33,750
• Closing costs: $4,050
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
667 Pine St Unit 1 Wyandotte, MI	3.0	1.0	1000	$1,500	$1.50	2d	1	0.10mi
2700 6th St Wyandotte, MI	1.0–2.0	1.0	900	$1,095	$1.22	44d	2	0.48mi
1569 Sycamore St Wyandotte, MI	3.0	1.0	944	$1,695	$1.80	44d	1	0.68mi
2832 Van Alstyne St Wyandotte, MI	2.0	2.0	1352	$2,500	$1.85	2d	1	0.72mi
20 Chestnut St Unit 1003-4 Wyandotte, MI	2.0	2.0	1100	$1,990	$1.81	44d	1	0.75mi
82 Poplar St Apt 2 Wyandotte, MI	2.0	1.0	900	$1,295	$1.44	44d	1	0.84mi
13185 Sycamore St Southgate, MI	3.0	1.0	1080	$1,700	$1.57	24d	1	1.33mi
1650 19th St Wyandotte, MI	3.0	2.0	1100	$1,899	$1.73	18d	1	1.48mi

Listing history 29 events

1. 2026-06-16
   days on market $135,000 Active 30 DOM
2. 2026-06-15
   days on market $135,000 Active 29 DOM
3. 2026-06-13
   days on market $135,000 Active 27 DOM
4. 2026-06-13
   days on market $135,000 Active 26 DOM
5. 2026-06-09
   days on market $135,000 Active 23 DOM
6. 2026-06-08
   days on market $135,000 Active 22 DOM
7. 2026-06-07
   days on market $135,000 Active 21 DOM
8. 2026-06-04
   days on market $135,000 Active 18 DOM
9. 2026-06-03
   days on market $135,000 Active 17 DOM
10. 2026-06-02
    days on market $135,000 Active 16 DOM
11. 2026-06-01
    days on market $135,000 Active 15 DOM
12. 2026-05-31
    days on market $135,000 Active 14 DOM
13. 2026-05-18
    listed $135,000 Active
14. 2016-09-07
    soldstatus $104,000 Sold 407-char remark

    Show marketing remark (406 chars)

    This is a Fannie Mae HomePath property. Spectacular 3 bedroom bungalow with open concept living, Huge 6 car plus mechanic's garage with workshop and large over head door. Home features newer hardwood flooring, kitchen counters and other recent updates through-out. 1st floor laundry. Master bedroom suite with his and hers closets. Also walking distance to downtown, school and dining, immediate occupancy.

15. 2016-09-07
    soldstatus $104,000 Closed 406-char remark

    Show marketing remark (406 chars)

    This is a Fannie Mae HomePath property. Spectacular 3 bedroom bungalow with open concept living, Huge 6 car plus mechanic's garage with workshop and large over head door. Home features newer hardwood flooring, kitchen counters and other recent updates through-out. 1st floor laundry. Master bedroom suite with his and hers closets. Also walking distance to downtown, school and dining, immediate occupancy.

16. 2016-05-27
    status Pending 406-char remark

    Show marketing remark (407 chars)

    This is a Fannie Mae HomePath property. Spectacular 3 bedroom bungalow with open concept living, Huge 6 car plus mechanic's garage with workshop and large over head door. Home features newer hardwood flooring, kitchen counters and other recent updates through-out. 1st floor laundry. Master bedroom suite with his and hers closets. Also walking distance to downtown, school and dining, immediate occupancy.

17. 2016-05-27
    status Pending 407-char remark

    Show marketing remark (407 chars)

    This is a Fannie Mae HomePath property. Spectacular 3 bedroom bungalow with open concept living, Huge 6 car plus mechanic's garage with workshop and large over head door. Home features newer hardwood flooring, kitchen counters and other recent updates through-out. 1st floor laundry. Master bedroom suite with his and hers closets. Also walking distance to downtown, school and dining, immediate occupancy.

18. 2016-05-03
    price $86,000 406-char remark

    Show marketing remark (406 chars)

    This is a Fannie Mae HomePath property. Spectacular 3 bedroom bungalow with open concept living, Huge 6 car plus mechanic's garage with workshop and large over head door. Home features newer hardwood flooring, kitchen counters and other recent updates through-out. 1st floor laundry. Master bedroom suite with his and hers closets. Also walking distance to downtown, school and dining, immediate occupancy.

19. 2016-05-02
    price $86,000 407-char remark

    Show marketing remark (407 chars)

    This is a Fannie Mae HomePath property. Spectacular 3 bedroom bungalow with open concept living, Huge 6 car plus mechanic's garage with workshop and large over head door. Home features newer hardwood flooring, kitchen counters and other recent updates through-out. 1st floor laundry. Master bedroom suite with his and hers closets. Also walking distance to downtown, school and dining, immediate occupancy.

20. 2016-04-16
    listed $94,900 Active 406-char remark

    Show marketing remark (406 chars)

    This is a Fannie Mae HomePath property. Spectacular 3 bedroom bungalow with open concept living, Huge 6 car plus mechanic's garage with workshop and large over head door. Home features newer hardwood flooring, kitchen counters and other recent updates through-out. 1st floor laundry. Master bedroom suite with his and hers closets. Also walking distance to downtown, school and dining, immediate occupancy.

21. 2016-04-01
    listed $94,900 Active 407-char remark

    Show marketing remark (407 chars)

    This is a Fannie Mae HomePath property. Spectacular 3 bedroom bungalow with open concept living, Huge 6 car plus mechanic's garage with workshop and large over head door. Home features newer hardwood flooring, kitchen counters and other recent updates through-out. 1st floor laundry. Master bedroom suite with his and hers closets. Also walking distance to downtown, school and dining, immediate occupancy.

22. 2016-03-04
    historical
23. 2016-03-02
    historical
24. 2016-03-01
    listed $129,500 Active
25. 2015-07-10
    price $129,500
26. 2015-04-17
    status Active
27. 2015-04-15
    historical
28. 2015-04-06
    listed $135,000 Active
29. 2004-11-01
    soldstatus $118,000

ⓘ 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: $2,567 · $214/mo
• Projected year-2 tax: $2,567 · $214/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 3/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥96°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: $19,341
• − Mortgage interest: −$7,562
• − Property taxes: −$2,567
• − Insurance: −$675
• − Repairs & maintenance: −$1,547
• − Management: −$1,547
• − Depreciation: −$3,927
• Taxable income: $1,516
• Est. tax owed @ 24.0%: −$364
• After-tax cash flow: $3,179/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: Wyandotte School District
• NCES district ID: 2636540
• Math proficiency: 27% ▼ -6.00%
• Reading proficiency: 45% ▼ -1.00%
• Median HH income: $50,265
• Composite: 31.13/100
• National rank: #6060
• State rank: #262 of 540 in MI

Livability — Wyandotte

• Score: 88/100
• State rank: #11
• US rank: #181

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Wyandotte, MI
• County: Wayne County · 1,562,939 people
• City population: 24,489
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 24,489
• Household income: $71,987
• Rent vs Own: 26.3% rent · 73.7% own
• Severe rent burden: 570.0

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 White (84%)
• Race & ethnicity: White 84% Hispanic / Latino 8% Two or more races 8% Black 2%
• Hispanic origin (detail): Mexican 7%
• Common ancestry: Romanian 19% Lithuanian 4% Slovak 2%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Spanish 2% Other Indo-European 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: ▼ -228.97%
• Current HPI: 174.8428
• Rent YoY: ▲ 7.86%
• 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

+14.4% since first listed

17 events — show timeline

• 2026-05-18 Listed $135,000 FSBO.com
• 2016-09-07 Sold (MLS) $104,000 MiRealSource-MiMLS
• 2016-09-07 Sold (MLS) $104,000 REALCOMP
• 2016-05-27 Pending — MiRealSource-MiMLS
• 2016-05-27 Pending — REALCOMP
• 2016-05-03 Price Changed $86,000 MiRealSource-MiMLS
• 2016-05-02 Price Changed $86,000 REALCOMP
• 2016-04-16 Listed $94,900 MiRealSource-MiMLS
• 2016-04-01 Listed $94,900 REALCOMP
• 2016-03-04 Listing Removed — REALCOMP
• 2016-03-02 Listing Removed — MiRealSource-MiMLS
• 2016-03-01 Listed $129,500 MiRealSource-MiMLS
• 2015-07-10 Price Changed $129,500 REALCOMP
• 2015-04-17 Relisted — REALCOMP
• 2015-04-15 Listing Removed — REALCOMP
• 2015-04-06 Listed $135,000 REALCOMP
• 2004-11-01 Sold (Public Records) $118,000 Public Records

Property tax history

+2.8%/yr

Latest (2025): $2,567 · -15.4% YoY. Source: county tax records.