271 Lovell Ct · Flushing, MI 48433

$61,500

3 bd · 2.0 ba · 1,300 sqft · SingleFamily · 163 Days on market

Built 1996 Good condition $47/sqft · 75% below area ↓ 7% since listing

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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
• Condition / age +3.8/5.0
• Schools +2.9/10.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this well-maintained 3-bedroom, 2-full-bath manufactured home located on a quiet cul-de-sac in the desirable Flushing Estates community. The home features a spacious driveway with a gazebo, perfectly situated beneath two mature shade trees - ideal for outdoor relaxation. Inside, enjoy an open and functional floor plan with numerous recent updates, including luxury vinyl flooring throughout the living room, dining area, and two bedrooms, updated kitchen countertops, sink, and dishwasher, a remodeled primary bathroom, and new ceiling lighting throughout. A washer and dryer are included for added convenience. Peaceful setting with modern updates - move-in ready and easy to enjoy. Lot rent is $584 a month.

Key facts

• Open floor plan
• Gazebo
• Spacious driveway

Tags

• CUL-DE-SAC
• SPACIOUS DRIVEWAY
• GAZEBO
• MATURE SHADE TREES
• OPEN FLOOR PLAN
• LUXURY VINYL FLOORING

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $62k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $562 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $62k).
• Recommended offer: $54k (12.0% below list) — sets the bar for market timing.
• Cap rate 17.3% vs local median 3.4% in Flushing — 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 (#140 in MI, #3,431 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Flushing Community Schools (suburban): math 25% / reading 41% proficiency, ranked #295 of 540 in MI (top 55%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Elms Elementary School (math 22% / reading 32%, grade F, #923 of 1,397 statewide, top 69%, 349 students, 60% FRL); Flushing Middle School (math 25% / reading 44%, grade F, #289 of 493 statewide, top 60%, 642 students, 51% FRL); Flushing High School (math 25% / reading 49%, grade F, #334 of 713 statewide, top 51%, 1,278 students, 41% FRL) — zoned schools average 51% FRL vs 32% district-wide (19 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 157 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 419 units permitted in Genesee County in 2024 (68 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $425 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Genesee County population projected at -27% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $17k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 163 days — a 12% lower offer ($54k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $4k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $54,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 163 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
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: 2.03% ✓
• Cap rate: 17.25%
• Cash-on-cash: 39.14%
• DSCR: 2.74
• GRM: 4.1

CMA / ARV

• ARV (median comp): $247,340
• List price: $61,500
• Delta: -75.14%
• Verdict: UNDERPRICED
• Comps: 15 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
196 Apollo Ave	0.36mi	3/2.0	1,300 (0%)	5mo	$39,000	$30	79
134 Apollo Ave	0.31mi	3/2.0	1,410 (+8%)	2mo	$60,185	$43	70

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 35.4%
• Equity multiple: 2.50×
• Total profit: $25,828
• Equity at exit: $9,170

10-year hold

• IRR: 42.2%
• Equity multiple: 4.99×
• Total profit: $68,633
• Equity at exit: $5,317

Cash invested: $17,220 (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 48433

• Active inventory: 157
• Price-to-rent: 4.1×

Monthly cashflow live

• Estimated rent: $1,249 medium
• Mortgage (P&I): −$323
• Tax est. 1.5%: −$77 /mo · $922/yr
• Insurance: −$26
• HOA: −$0
• Vacancy / Maint / Mgmt: −$262
• Net cashflow: $562

Break-even live

Break-even rent $538

Max offer price $61,500

Occupancy floor 50%

Sensitivity live

Price	-10% $604	-5% $583	+0% $562	+5% $540	+10% $519
Rent	-10% $463	-5% $512	+0% $562	+5% $611	+10% $660
Rate	-1.0pp $593	-0.5pp $577	base $562	+0.5pp $546	+1.0pp $530

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: $15,375
• Closing costs: $1,845
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7416 Gillette Rd Flushing, MI	2.0	2.0	960	$1,249	$1.30	45d	1	0.32mi

Listing history 11 events

1. 2026-06-01
   status $61,500 Pending 163 DOM
2. 2026-05-31
   days on market $61,500 Active 163 DOM
3. 2026-05-30
   days on market $61,500 Active 162 DOM
4. 2026-04-15
   price $61,500 722-char remark

   Show marketing remark (722 chars)

   Welcome to this well-maintained 3-bedroom, 2-full-bath manufactured home located on a quiet cul-de-sac in the desirable Flushing Estates community. The home features a spacious driveway with a gazebo, perfectly situated beneath two mature shade trees - ideal for outdoor relaxation. Inside, enjoy an open and functional floor plan with numerous recent updates, including luxury vinyl flooring throughout the living room, dining area, and two bedrooms, updated kitchen countertops, sink, and dishwasher, a remodeled primary bathroom, and new ceiling lighting throughout. A washer and dryer are included for added convenience. Peaceful setting with modern updates - move-in ready and easy to enjoy. Lot rent is $584 a month.

5. 2026-04-14
   price $61,500 730-char remark

   Show marketing remark (730 chars)

   Welcome to this well-maintained 3-bedroom, 2-full-bath manufactured home located on a quiet cul-de-sac in the desirable Flushing Estates community. The home features a spacious driveway with a gazebo, perfectly situated beneath two mature shade trees—ideal for outdoor relaxation. Inside, enjoy an open and functional floor plan with numerous recent updates, including luxury vinyl flooring throughout the living room, dining area, and two bedrooms, updated kitchen countertops, sink, and dishwasher, a remodeled primary bathroom, and new ceiling lighting throughout. A washer and dryer are included for added convenience. Peaceful setting with modern updates—move-in ready and easy to enjoy. Lot rent is $584 a month.

6. 2026-02-23
   price $63,500 722-char remark

   Show marketing remark (730 chars)

   Welcome to this well-maintained 3-bedroom, 2-full-bath manufactured home located on a quiet cul-de-sac in the desirable Flushing Estates community. The home features a spacious driveway with a gazebo, perfectly situated beneath two mature shade trees—ideal for outdoor relaxation. Inside, enjoy an open and functional floor plan with numerous recent updates, including luxury vinyl flooring throughout the living room, dining area, and two bedrooms, updated kitchen countertops, sink, and dishwasher, a remodeled primary bathroom, and new ceiling lighting throughout. A washer and dryer are included for added convenience. Peaceful setting with modern updates—move-in ready and easy to enjoy. Lot rent is $584 a month.

7. 2026-02-23
   price $63,500 730-char remark

   Show marketing remark (730 chars)

   Welcome to this well-maintained 3-bedroom, 2-full-bath manufactured home located on a quiet cul-de-sac in the desirable Flushing Estates community. The home features a spacious driveway with a gazebo, perfectly situated beneath two mature shade trees—ideal for outdoor relaxation. Inside, enjoy an open and functional floor plan with numerous recent updates, including luxury vinyl flooring throughout the living room, dining area, and two bedrooms, updated kitchen countertops, sink, and dishwasher, a remodeled primary bathroom, and new ceiling lighting throughout. A washer and dryer are included for added convenience. Peaceful setting with modern updates—move-in ready and easy to enjoy. Lot rent is $584 a month.

8. 2026-02-14
   price $65,000 722-char remark

   Show marketing remark (722 chars)

   Welcome to this well-maintained 3-bedroom, 2-full-bath manufactured home located on a quiet cul-de-sac in the desirable Flushing Estates community. The home features a spacious driveway with a gazebo, perfectly situated beneath two mature shade trees - ideal for outdoor relaxation. Inside, enjoy an open and functional floor plan with numerous recent updates, including luxury vinyl flooring throughout the living room, dining area, and two bedrooms, updated kitchen countertops, sink, and dishwasher, a remodeled primary bathroom, and new ceiling lighting throughout. A washer and dryer are included for added convenience. Peaceful setting with modern updates - move-in ready and easy to enjoy. Lot rent is $584 a month.

9. 2026-02-13
   price $65,000 730-char remark

   Show marketing remark (730 chars)

   Welcome to this well-maintained 3-bedroom, 2-full-bath manufactured home located on a quiet cul-de-sac in the desirable Flushing Estates community. The home features a spacious driveway with a gazebo, perfectly situated beneath two mature shade trees—ideal for outdoor relaxation. Inside, enjoy an open and functional floor plan with numerous recent updates, including luxury vinyl flooring throughout the living room, dining area, and two bedrooms, updated kitchen countertops, sink, and dishwasher, a remodeled primary bathroom, and new ceiling lighting throughout. A washer and dryer are included for added convenience. Peaceful setting with modern updates—move-in ready and easy to enjoy. Lot rent is $584 a month.

10. 2025-12-19
    listed $66,000 Active 722-char remark

    Show marketing remark (730 chars)

    Welcome to this well-maintained 3-bedroom, 2-full-bath manufactured home located on a quiet cul-de-sac in the desirable Flushing Estates community. The home features a spacious driveway with a gazebo, perfectly situated beneath two mature shade trees—ideal for outdoor relaxation. Inside, enjoy an open and functional floor plan with numerous recent updates, including luxury vinyl flooring throughout the living room, dining area, and two bedrooms, updated kitchen countertops, sink, and dishwasher, a remodeled primary bathroom, and new ceiling lighting throughout. A washer and dryer are included for added convenience. Peaceful setting with modern updates—move-in ready and easy to enjoy. Lot rent is $584 a month.

11. 2025-12-19
    listed $66,000 Active 730-char remark

    Show marketing remark (730 chars)

    Welcome to this well-maintained 3-bedroom, 2-full-bath manufactured home located on a quiet cul-de-sac in the desirable Flushing Estates community. The home features a spacious driveway with a gazebo, perfectly situated beneath two mature shade trees—ideal for outdoor relaxation. Inside, enjoy an open and functional floor plan with numerous recent updates, including luxury vinyl flooring throughout the living room, dining area, and two bedrooms, updated kitchen countertops, sink, and dishwasher, a remodeled primary bathroom, and new ceiling lighting throughout. A washer and dryer are included for added convenience. Peaceful setting with modern updates—move-in ready and easy to enjoy. Lot rent is $584 a month.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $14,988
• − Mortgage interest: −$3,445
• − Property taxes: −$922
• − Insurance: −$308
• − Repairs & maintenance: −$1,199
• − Management: −$1,199
• − Depreciation: −$1,789
• Taxable income: $6,126
• Est. tax owed @ 24.0%: −$1,470
• After-tax cash flow: $5,270/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.

Condition & rehab AI · 12 photos

Good 75/100 Cosmetic rehab

This well-maintained 3-bedroom, 2-bath manufactured home is move-in ready with recent updates and a peaceful setting.

Value-add opportunities

• Both painting — fresh paint can enhance curb appeal and interior aesthetics
• Both landscaping — improved landscaping can increase curb appeal and property value
• Both HVAC maintenance — up-to-date HVAC can improve comfort and energy efficiency

Renovation cost estimate screening

Value-add ROI direction

• Both painting — fresh paint can enhance curb appeal and interior aesthetics ↑
• Both landscaping — improved landscaping can increase curb appeal and property value ↑
• Both HVAC maintenance — up-to-date HVAC can improve comfort and energy efficiency ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Flushing Community Schools
• NCES district ID: 2614550
• Math proficiency: 25% ▼ -17.00%
• Reading proficiency: 41% ▼ -11.00%
• Median HH income: $58,883
• Composite: 29.48/100
• National rank: #6506
• State rank: #295 of 540 in MI

Livability — Flushing

• Score: 76/100
• State rank: #140
• US rank: #3431

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 25,756

Population outlook (Genesee County) Hauer SSP2

• Today (2025): 381,312 people
• By 2030: 362,731 · -4.9%
• By 2040: 321,550 · -15.7%
• By 2050: 279,212 · -26.8%
• By 2075: 193,336 · -49.3%
• By 2100: 128,118 · -66.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (85%)
• Race & ethnicity: White 85% Two or more races 6% Hispanic / Latino 4% Black 4%
• Common ancestry: Romanian 5% Lithuanian 3% Slovak 3%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Arabic 2% Spanish 1% Other Indo-European 1%

Political lean MEDSL · Genesee

• 2024 margin: Toss-up / Even · D 51.4% · R 47.2% · Other 1.4%
• 2008→2024 swing: -28.3pp toward R · 2008: 32.5pp · 2024: 4.2pp
• All cycles: 2024: D+4.2 2020: D+9.3 2016: D+9.5 2012: D+28.2 2008: D+32.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -214.10%
• Current HPI: 175.93
• Rent YoY: —
• Metro: —
• 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

-6.8% since first listed

8 events — show timeline

• 2026-04-15 Price Changed $61,500 MiRealSource-MiMLS
• 2026-04-14 Price Changed $61,500 REALCOMP
• 2026-02-23 Price Changed $63,500 MiRealSource-MiMLS
• 2026-02-23 Price Changed $63,500 REALCOMP
• 2026-02-14 Price Changed $65,000 MiRealSource-MiMLS
• 2026-02-13 Price Changed $65,000 REALCOMP
• 2025-12-19 Listed $66,000 REALCOMP
• 2025-12-19 Listed $66,000 MiRealSource-MiMLS