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38074 Hixford Pl
C Composite 59.58
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 +20.4/30.0
  • ARV discount +15.0/15.0
  • 1% rule +7.2/10.0
  • DSCR +6.5/10.0
  • Livability +3.9/5.0
  • Rent growth +2.5/5.0
  • Condition / age +2.5/5.0
  • Schools +1.6/10.0
  • Appreciation +0.0/10.0

$164,800

38074 Hixford Pl · Westland, MI 48185
3 bd · 2.0 ba · 1,613 sqft · SingleFamily public records · 206 Days on market
Built 1990 Est $274k · 40% under $275/mo HOA · 14% of rent

🖨 Deal sheet 📄 Offer letter ✓ Due diligence

Listing remarks MLS

PLEASE TAKE A LOOK AT THIS INCREDIBLE OPPORTUNITY TO OWN THIS 4 BEDROOMS, 2 FULL BATH, WITH OVER 1900 SQUARE FEET OF LIVING SPACE SITUATED ON A VERY QUIET CUL-DE-SAC. NEW FLOORING IN THE KITCHEN, LOWER LEVEL-BEDROOM, FAMILY ROOM, AND LIBRARY. NEW PAINT THROUGHOUT THE WHOLE UNIT. NEW PAINTED DECK. NEW VENT REGISTER, NEWER STAINLESS STEEL STOVE AND NEWER WASHER. THE LARGE KITCHEN AND DINING AREA LEAD TO BACK DECK. GREAT LOCATION-CLOSE TO I-275, RESTAURANT AND SHOPPING.

Key facts

  • Quiet cul-de-sac
  • New flooring
  • Great location

Tags

QUIET CUL-DE-SACNEW FLOORINGLARGE KITCHENBACK DECKGREAT LOCATION

Property features AI

Finance

  • Other: Pets allowed (cats and dogs OK; size limit applies)
  • HOA & community: Homeowners association with a $275 monthly fee; HOA covers grounds maintenance and snow removal

Exterior

  • Parking: No garage
  • Utilities: Public water; Public sewer
  • Home design: Condominium; Residential property; Two levels; Ground level entry with steps
  • Construction: Brick and vinyl siding exterior
  • Exterior features: Deck

Interior

  • Kitchen: Dishwasher; Disposal; Free-standing electric range; Free-standing refrigerator
  • Bedrooms: Total of 7 rooms (includes bedrooms and living spaces)
  • Bathrooms: 2 full bathrooms
  • Heating & cooling: Central air conditioning; Forced air heating; Natural gas heating
  • Interior features: Finished basement; Exhaust fan
  • Laundry & utility: Laundry room; Washer; Dryer; Gas water heater

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/2.0-bath single-family listed at $165k.

Deal economics

  • At list price, monthly cash flow is $213 ($3k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $165k).
  • Recommended offer: $145k (12.0% below list) — sets the bar for market timing.
  • Cap rate 7.8% vs local median 4.5% in Westland — 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 77/100 on livability (#124 in MI, #3,067 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: amenities C-, employment C-, crime D+.
  • Wayne-Westland Community School District (suburban): math 11% / reading 27% proficiency, ranked #474 of 540 in MI (top 88%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
  • Market conditions: Rents flat; 161 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% 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).
  • This rent runs 40% of the median local income ($61k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k 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 206 days — a 12% lower offer ($145k) is reasonable based on typical stale-listing flexibility.
  • 4 sale attempts since 14y ago; this cycle's ask has dropped $10k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
  • Current owner paid $30k; list at $165k implies a 449% gain — meaningful room to come down on a strong offer.
Recommended offer $145,024 (12.0% below list)

Questions for the listing agent

  1. It's been on market 206 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
  2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
  3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  5. 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?
  6. Crime grade is D 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?
  7. 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.
  8. 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.
  9. 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
1.22%
Cap rate
7.85%
Cash-on-cash
5.55%
DSCR
1.25
GRM
6.8

CMA / ARV

ARV (on-the-fly)
$274,210
Comps found
10
Show comp detail 10 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
5834 Morley St 0.50mi 3/2.0 1,620 (+0%) 8mo $275,000 $170 69
6007 Huff St 0.54mi 3/2.5 1,720 (+7%) 1mo $212,000 $123 61
37653 Beechwood St 0.41mi 3/1.5 1,640 (+2%) 18mo $135,000 $82 60
37433 Beechwood St 0.48mi 3/1.0 1,508 (-6%) 4mo $185,000 $123 59
506 N Newburgh Rd 0.64mi 3/2.0 1,600 (-1%) 20mo $299,000 $187 52
37627 Marquette St 0.32mi 3/2.0 1,376 (-15%) 11mo $318,000 $231 51
172 N Bryar St 0.68mi 3/2.0 1,445 (-10%) 8mo $205,000 $142 44
38991 Willow Creek Pkwy 0.55mi 3/2.0 1,397 (-13%) 12mo $345,000 $247 42
39320 Huron Pkwy 0.69mi 4/2.5 (+1) 1,736 (+8%) 10mo $410,000 $236 40
626 Barbara St 0.50mi 3/1.0 1,815 (+12%) 22mo $267,000 $147 33

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 · 0.17% rent growth · sell at horizon

5-year hold
IRR
-11.4%
Equity multiple
0.60×
Total profit
$-18,509
Equity at exit
$24,572
10-year hold
IRR
-7.9%
Equity multiple
0.58×
Total profit
$-19,500
Equity at exit
$14,249

Cash invested: $46,144 (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.

ZIP-level market 48185

Rents YoY
0.2%
Active inventory
161
Price-to-rent
6.8×

Monthly cashflow live

Estimated rent
$2,011 medium interval (Pro) →
Mortgage (P&I)
$864
Tax from tax record
$167 /mo · $2,010/yr
Insurance
$69
HOA
$275
Vacancy / Maint / Mgmt
$422
Net cashflow
$213

Break-even live

Break-even rent $1,741
Max offer price $164,800
Occupancy floor 84%

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
$41,200
Closing costs
$4,944
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 3 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
38386 Maes St Westland, MI 3.0 1.5 2166 $2,400 $1.11 43d 1 1.11mi
467 S Marie St Westland, MI 3.0 1.5 1060 $1,950 $1.84 44d 1 1.14mi
201 Cassia Ct Canton, MI 2.0–3.0 2.0–2.5 1112 $2,094 $1.88 1d 2 1.38mi

HOA detail

Monthly dues
$275 · $3,300/yr

Listing history 14 events

  1. 2026-04-30
    status Pending 471-char remark
    Show marketing remark (471 chars)

    PLEASE TAKE A LOOK AT THIS INCREDIBLE OPPORTUNITY TO OWN THIS 4 BEDROOMS, 2 FULL BATH, WITH OVER 1900 SQUARE FEET OF LIVING SPACE SITUATED ON A VERY QUIET CUL-DE-SAC. NEW FLOORING IN THE KITCHEN, LOWER LEVEL-BEDROOM, FAMILY ROOM, AND LIBRARY. NEW PAINT THROUGHOUT THE WHOLE UNIT. NEW PAINTED DECK. NEW VENT REGISTER, NEWER STAINLESS STEEL STOVE AND NEWER WASHER. THE LARGE KITCHEN AND DINING AREA LEAD TO BACK DECK. GREAT LOCATION-CLOSE TO I-275, RESTAURANT AND SHOPPING.

  2. 2026-04-30
    status Pending
    Show marketing remark (471 chars)

    PLEASE TAKE A LOOK AT THIS INCREDIBLE OPPORTUNITY TO OWN THIS 4 BEDROOMS, 2 FULL BATH, WITH OVER 1900 SQUARE FEET OF LIVING SPACE SITUATED ON A VERY QUIET CUL-DE-SAC. NEW FLOORING IN THE KITCHEN, LOWER LEVEL-BEDROOM, FAMILY ROOM, AND LIBRARY. NEW PAINT THROUGHOUT THE WHOLE UNIT. NEW PAINTED DECK. NEW VENT REGISTER, NEWER STAINLESS STEEL STOVE AND NEWER WASHER. THE LARGE KITCHEN AND DINING AREA LEAD TO BACK DECK. GREAT LOCATION-CLOSE TO I-275, RESTAURANT AND SHOPPING.

  3. 2026-04-23
    historical Active Under Contract
    Show marketing remark (471 chars)

    PLEASE TAKE A LOOK AT THIS INCREDIBLE OPPORTUNITY TO OWN THIS 4 BEDROOMS, 2 FULL BATH, WITH OVER 1900 SQUARE FEET OF LIVING SPACE SITUATED ON A VERY QUIET CUL-DE-SAC. NEW FLOORING IN THE KITCHEN, LOWER LEVEL-BEDROOM, FAMILY ROOM, AND LIBRARY. NEW PAINT THROUGHOUT THE WHOLE UNIT. NEW PAINTED DECK. NEW VENT REGISTER, NEWER STAINLESS STEEL STOVE AND NEWER WASHER. THE LARGE KITCHEN AND DINING AREA LEAD TO BACK DECK. GREAT LOCATION-CLOSE TO I-275, RESTAURANT AND SHOPPING.

  4. 2026-04-23
    historical Accepting Backup Offers 471-char remark
    Show marketing remark (471 chars)

    PLEASE TAKE A LOOK AT THIS INCREDIBLE OPPORTUNITY TO OWN THIS 4 BEDROOMS, 2 FULL BATH, WITH OVER 1900 SQUARE FEET OF LIVING SPACE SITUATED ON A VERY QUIET CUL-DE-SAC. NEW FLOORING IN THE KITCHEN, LOWER LEVEL-BEDROOM, FAMILY ROOM, AND LIBRARY. NEW PAINT THROUGHOUT THE WHOLE UNIT. NEW PAINTED DECK. NEW VENT REGISTER, NEWER STAINLESS STEEL STOVE AND NEWER WASHER. THE LARGE KITCHEN AND DINING AREA LEAD TO BACK DECK. GREAT LOCATION-CLOSE TO I-275, RESTAURANT AND SHOPPING.

  5. 2026-02-04
    price $164,800 471-char remark
    Show marketing remark (471 chars)

    PLEASE TAKE A LOOK AT THIS INCREDIBLE OPPORTUNITY TO OWN THIS 4 BEDROOMS, 2 FULL BATH, WITH OVER 1900 SQUARE FEET OF LIVING SPACE SITUATED ON A VERY QUIET CUL-DE-SAC. NEW FLOORING IN THE KITCHEN, LOWER LEVEL-BEDROOM, FAMILY ROOM, AND LIBRARY. NEW PAINT THROUGHOUT THE WHOLE UNIT. NEW PAINTED DECK. NEW VENT REGISTER, NEWER STAINLESS STEEL STOVE AND NEWER WASHER. THE LARGE KITCHEN AND DINING AREA LEAD TO BACK DECK. GREAT LOCATION-CLOSE TO I-275, RESTAURANT AND SHOPPING.

  6. 2026-02-03
    price $164,800
  7. 2025-10-06
    listed $174,800 Active
    Show marketing remark (471 chars)

    PLEASE TAKE A LOOK AT THIS INCREDIBLE OPPORTUNITY TO OWN THIS 4 BEDROOMS, 2 FULL BATH, WITH OVER 1900 SQUARE FEET OF LIVING SPACE SITUATED ON A VERY QUIET CUL-DE-SAC. NEW FLOORING IN THE KITCHEN, LOWER LEVEL-BEDROOM, FAMILY ROOM, AND LIBRARY. NEW PAINT THROUGHOUT THE WHOLE UNIT. NEW PAINTED DECK. NEW VENT REGISTER, NEWER STAINLESS STEEL STOVE AND NEWER WASHER. THE LARGE KITCHEN AND DINING AREA LEAD TO BACK DECK. GREAT LOCATION-CLOSE TO I-275, RESTAURANT AND SHOPPING.

  8. 2025-10-06
    listed $174,800 Active 471-char remark
    Show marketing remark (471 chars)

    PLEASE TAKE A LOOK AT THIS INCREDIBLE OPPORTUNITY TO OWN THIS 4 BEDROOMS, 2 FULL BATH, WITH OVER 1900 SQUARE FEET OF LIVING SPACE SITUATED ON A VERY QUIET CUL-DE-SAC. NEW FLOORING IN THE KITCHEN, LOWER LEVEL-BEDROOM, FAMILY ROOM, AND LIBRARY. NEW PAINT THROUGHOUT THE WHOLE UNIT. NEW PAINTED DECK. NEW VENT REGISTER, NEWER STAINLESS STEEL STOVE AND NEWER WASHER. THE LARGE KITCHEN AND DINING AREA LEAD TO BACK DECK. GREAT LOCATION-CLOSE TO I-275, RESTAURANT AND SHOPPING.

  9. 2012-10-26
    soldstatus $30,000 232-char remark
    Show marketing remark (232 chars)

    Good size 3 Bedroom 2 Bath Condo in Westland. DOWNLOAD OFFER INSTRUCTIONS PRIOR TO SUBMITTING!! Bring all offers!!! Buyer or agent responsible for ordering final water read and city inspection. Sold "AS IS". IDRBNG/BATVAI

  10. 2012-10-26
    soldstatus $30,000
    Show marketing remark (232 chars)

    Good size 3 Bedroom 2 Bath Condo in Westland. DOWNLOAD OFFER INSTRUCTIONS PRIOR TO SUBMITTING!! Bring all offers!!! Buyer or agent responsible for ordering final water read and city inspection. Sold "AS IS". IDRBNG/BATVAI

  11. 2012-10-11
    historical 232-char remark
    Show marketing remark (232 chars)

    Good size 3 Bedroom 2 Bath Condo in Westland. DOWNLOAD OFFER INSTRUCTIONS PRIOR TO SUBMITTING!! Bring all offers!!! Buyer or agent responsible for ordering final water read and city inspection. Sold "AS IS". IDRBNG/BATVAI

  12. 2012-10-11
    historical
    Show marketing remark (232 chars)

    Good size 3 Bedroom 2 Bath Condo in Westland. DOWNLOAD OFFER INSTRUCTIONS PRIOR TO SUBMITTING!! Bring all offers!!! Buyer or agent responsible for ordering final water read and city inspection. Sold "AS IS". IDRBNG/BATVAI

  13. 2012-09-07
    listed $33,500 232-char remark
    Show marketing remark (232 chars)

    Good size 3 Bedroom 2 Bath Condo in Westland. DOWNLOAD OFFER INSTRUCTIONS PRIOR TO SUBMITTING!! Bring all offers!!! Buyer or agent responsible for ordering final water read and city inspection. Sold "AS IS". IDRBNG/BATVAI

  14. 2012-09-07
    listed $33,500
    Show marketing remark (232 chars)

    Good size 3 Bedroom 2 Bath Condo in Westland. DOWNLOAD OFFER INSTRUCTIONS PRIOR TO SUBMITTING!! Bring all offers!!! Buyer or agent responsible for ordering final water read and city inspection. Sold "AS IS". IDRBNG/BATVAI

ⓘ 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
$2,010 · $167/mo
Projected year-2 tax
$2,274 · $189/mo
Expected delta
+$264/yr (+$22/mo · 13.1%)

ⓘ 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 · 3 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$24,133
− Mortgage interest
−$9,231
− Property taxes
−$2,010
− Insurance
−$824
− Repairs & maintenance
−$1,931
− Management
−$1,931
− HOA
−$3,300
− Depreciation
−$4,794
Taxable income
$112
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$27
After-tax cash flow
$2,533/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
Wayne-Westland Community School District
NCES district ID
2600015
Math proficiency
11% ▼ -6.00%
Reading proficiency
27% ▼ -2.00%
Median HH income
$43,524
Composite
16.4/100
National rank
#9195
State rank
#474 of 540 in MI

Livability — Westland

Score
77/100
State rank
#124
US rank
#3067

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Westland, MI
County
Wayne County · 1,562,939 people
City population
83,633
Metro
Detroit-Warren-Dearborn, MI
Population (ZIP)
48,530
Household income
$60,854
Rent vs Own
43.2% rent · 56.8% own
Severe rent burden
2263.0

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
Diverse neighborhood (Simpson 0.56)
Race & ethnicity
White 63% Black 22% Two or more races 7% Asian 5% Hispanic / Latino 5%
Common ancestry
Romanian 11% Lithuanian 3% Italian 2%
Foreign-born
11% · Canada, China
Languages at home
87% English-only · Other Indo-European 5% Arabic 2% Spanish 2%

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
▼ -265.65%
Current HPI
237.7594
Rent YoY
▲ 0.17%
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

Price history

+391.9% since first listed
14 events — show timeline
  • 2026-04-30 Pending MiRealSource-MiMLS
  • 2026-04-30 Pending REALCOMP
  • 2026-04-23 Contingent REALCOMP
  • 2026-04-23 Contingent MiRealSource-MiMLS
  • 2026-02-04 Price Changed $164,800 MiRealSource-MiMLS
  • 2026-02-03 Price Changed $164,800 REALCOMP
  • 2025-10-06 Listed $174,800 REALCOMP
  • 2025-10-06 Listed $174,800 MiRealSource-MiMLS
  • 2012-10-26 Sold (MLS) $30,000 MiRealSource-MiMLS
  • 2012-10-26 Sold (MLS) $30,000 REALCOMP
  • 2012-10-11 Listing Removed MiRealSource-MiMLS
  • 2012-10-11 Listing Removed REALCOMP
  • 2012-09-07 Listed $33,500 MiRealSource-MiMLS
  • 2012-09-07 Listed $33,500 REALCOMP

Property tax history

+1.4%/yr

Latest (2025): $2,010 · -10.3% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…