900 N Edison Ave · Royal Oak, MI 48067

$290,000

3 bd · 2.0 ba · 1,547 sqft · SingleFamily public records · 4 Days on market

Built 1948 4,792 sqft lot $187/sqft · 8% below area Est $330k · 12% under

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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 +12.9/30.0
• ARV discount +12.9/15.0
• Schools +4.4/10.0
• Livability +4.2/5.0
• DSCR +3.9/10.0
• Rent growth +3.7/5.0
• 1% rule +3.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this charming and affordable Royal Oak bungalow, ideally located just steps from beautiful Kenwood Park in one of the city's most sought-after neighborhoods! This well-maintained 3-bedroom, 1-bath home offers classic character paired with important mechanical updates and an unbeatable location within the highly regarded Royal Oak Schools district. Inside, you'll find hardwood floors throughout much of the home, creating warmth and timeless appeal. The spacious, mostly finished basement provides valuable additional living space perfect for a family room, home office, gym, or entertainment area. Outside, enjoy a lovely backyard patio ideal for summer gatherings, morning coffee, or relaxing evenings, along with the convenience of a detached 2-car garage. The fully fenced backyard is perfect for pets, gardening, or simply enjoying your own private outdoor space. Major updates include a replaced sewer line and hot water heater (2020), new furnace and central air conditioning system (2024), offering peace of mind for years to come. Beyond the home itself, the location truly shines. Enjoy quick access to downtown Royal Oak's vibrant dining and entertainment scene, including favorites like Redcoat Tavern, Ale Mary's Beer Hall, Cafe; Muse, and Oak Diner, along with nearby shopping, parks, and easy commuter access. This is your chance to put down roots in Royal Oak at an exceptional value. Opportunities like this don't last. Schedule your showing today!

Key facts

• 4,792 sq ft lot
• 2 garage spots
• Built 1948

Property features AI

Finance

• Other:
• Financial info:
• HOA & community: Sidewalks in the community

Exterior

• Parking: Detached 2-car garage; Driveway; Garage door opener
• Security:
• Utilities: Public water; Public sewer; Electric service with circuit breakers and 220 volts
• Home design: Single-family residence; Two levels; Aluminum siding; Entry on ground level with steps; Facing information not provided
• Construction: Built with block and brick/mortar foundation; Asphalt roof
• Exterior features: Patio; Porch; Backyard fencing; Fenced yard; Paved road access

Interior

• Kitchen: Gas range; Refrigerator; Dishwasher; Microwave; Range hood; Garbage disposal
• Bedrooms:
• Flooring:
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); Central air conditioning; Attic fan
• Interior features: Awning(s); Full, partially finished basement; 6 total rooms; Ground-level entry with steps
• Laundry & utility: Washer hookup; Gas dryer hookup; Washer and dryer included; Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $290k.

Deal economics

• At list price, monthly cash flow is $-22 ($-261/yr) — negative.
• To cash-flow at today's rent, offer at most $286k (1.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $248k (14.6% below list).
• Recommended offer: $248k (14.6% below list) — sets the bar for 1% rule.
• Cap rate 6.2% vs local median 3.7% in Royal Oak — 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 83/100 on livability (#50 in MI, #1,020 nationally) — a professional / high-income tenant draw. Strengths: crime A+, commute A+, employment A+; Watch: amenities D+.
• Royal Oak Schools (suburban): math 41% / reading 59% proficiency, ranked #89 of 540 in MI (top 16%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 20% free/reduced lunch — higher-income household profile.
• Market conditions: Rents rising fast (+4.7%/yr); 209 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); high-income renter base; 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 $2k of loan paydown is wiped out by about $9k 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

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 10y 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.

Risks & watch-outs

• Watch-outs: built in 1948 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $247,791 (14.6% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1948 — 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 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. 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: 0.85% ✗
• Cap rate: 6.20%
• Cash-on-cash: -0.32%
• DSCR: 0.99
• GRM: 9.8

CMA / ARV

• ARV (median comp): $329,840
• List price: $290,000
• Delta: -12.08%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
915 N Dorchester Ave	0.04mi	3/1.0	1,510 (-2%)	1mo	$330,000	$219	89
900 N Edison Ave	0.00mi	3/1.0	1,623 (+5%)	0mo	$315,000	$194	88
629 N Campbell Rd	0.19mi	3/1.0	1,498 (-3%)	2mo	$279,900	$187	81
602 N Vermont Ave	0.33mi	3/2.0	1,508 (-2%)	2mo	$405,000	$269	79
715 N Altadena Ave	0.54mi	3/1.5	1,536 (-1%)	0mo	$275,000	$179	72
1040 Grove Ave	0.22mi	3/1.5	1,400 (-10%)	1mo	$299,900	$214	71
1617 N Vermont Ave	0.54mi	3/2.0	1,587 (+3%)	0mo	$420,000	$265	70
125 N Blair Ave	0.56mi	3/1.0	1,600 (+3%)	2mo	$383,919	$240	62
27756 Palmer Blvd	0.73mi	3/2.0	1,526 (-1%)	2mo	$301,000	$197	62
313 S Edison Ave	0.64mi	3/2.0	1,453 (-6%)	1mo	$401,000	$276	59
1035 N Vermont Ave	0.34mi	3/1.0	1,345 (-13%)	2mo	$285,000	$212	57
219 N Edison Ave	0.38mi	3/1.5	1,333 (-14%)	1mo	$400,000	$300	57

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 · 4.72% rent growth · sell at horizon

5-year hold

• IRR: -14.9%
• Equity multiple: 0.46×
• Total profit: $-43,996
• Equity at exit: $43,240

10-year hold

• IRR: -3.7%
• Equity multiple: 0.74×
• Total profit: $-21,470
• Equity at exit: $25,074

Cash invested: $81,200 (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 48067

• Rents YoY: 4.7%
• Active inventory: 209
• Price-to-rent: 9.8×

Monthly cashflow live

• Estimated rent: $2,478 high
• Mortgage (P&I): −$1,521
• Tax from tax record: −$338 /mo · $4,052/yr
• Insurance: −$121
• HOA: −$0
• Vacancy / Maint / Mgmt: −$520
• Net cashflow: $-22

Break-even live

Break-even rent $2,505

Max offer price $286,152

Occupancy floor 96%

Sensitivity live

Price	-10% $142	-5% $60	+0% $-22	+5% $-104	+10% $-186
Rent	-10% $-218	-5% $-120	+0% $-22	+5% $76	+10% $174
Rate	-1.0pp $124	-0.5pp $52	base $-22	+0.5pp $-97	+1.0pp $-173

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: $72,500
• Closing costs: $8,700
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1132 N Campbell Rd Royal Oak, MI	2.0–3.0	1.0–1.5	1125	$2,085	$1.85	0d	8	0.11mi
1106 Grove Ave Royal Oak, MI	4.0	2.5	1289	$2,325	$1.80	0d	1	0.22mi
406 N Campbell Rd Royal Oak, MI	3.0	2.0	1814	$2,500	$1.38	0d	1	0.32mi
642 Bellaire Ave Madison Heights, MI	3.0	2.5	1750	$2,423	$1.38	22d	1	0.56mi
709 Hawthorn Ave Royal Oak, MI	3.0	1.5	2248	$3,000	$1.33	25d	1	0.71mi
1600 E 4th St Royal Oak, MI	3.0	1.0	1166	$3,200	$2.74	13d	1	0.76mi
508 Marlin Ave Royal Oak, MI	3.0	2.5	1678	$3,000	$1.79	21d	1	0.88mi
617 E 3rd St Royal Oak, MI	4.0	2.5	2225	$3,100	$1.39	0d	1	1.00mi
615 E 5th St Royal Oak, MI	4.0	3.0	1329	$3,000	$2.26	25d	1	1.07mi
480 N Main St Royal Oak, MI	1.0–2.0	1.0–2.0	1045	$4,645	$4.44	0d	6	1.13mi
350 N Main St #806 Royal Oak, MI	2.0	2.0	1100	$2,400	$2.18	25d	1	1.16mi
350 N Main St Unit 608 Royal Oak, MI	2.0	2.0	1137	$2,500	$2.20	25d	1	1.18mi
118 N Main St Royal Oak, MI	3.0	1.0–3.0	1432	$6,200	$4.33	0d	4	1.19mi
211 Woodsboro Dr Unit LOWER Royal Oak, MI	3.0	2.0	1800	$1,425	$0.79	25d	1	1.21mi
325 E 6th St Unit 325-10 Royal Oak, MI	2.0	1.5	1400	$1,895	$1.35	5d	1	1.23mi
1414 Crooks Rd Unit 2 Royal Oak, MI	3.0	2.0	1400	$1,800	$1.29	25d	1	1.23mi
430 N Washington Ave Unit A Royal Oak, MI	2.0	1.0	1150	$1,895	$1.65	25d	1	1.25mi
1814 N Center St Royal Oak, MI	3.0	1.5	1072	$1,790	$1.67	4d	1	1.25mi
100 W 5th St Royal Oak, MI	2.0	2.0	1283	$3,015	$2.35	5d	2	1.35mi
100 W 5th St Royal Oak, MI	2.0	2.0	1119	$3,200	$2.86	25d	2	1.35mi
1414 Owana Ave Royal Oak, MI	3.0	1.0	1489	$1,675	$1.12	22d	1	1.42mi
1816 Guthrie Ave Royal Oak, MI	3.0	1.0	1100	$1,800	$1.64	5d	1	1.45mi
1045 E 12 Mile Rd Madison Heights, MI	3.0	1.0	1700	$4,000	$2.35	0d	1	1.47mi
1723 Edgewood Dr Unit Labs Royal Oak, MI	3.0	3.0	1451	$3,000	$2.07	5d	1	1.50mi
1230 Diamond Ct Unit E Royal Oak, MI	2.0	2.0	1212	$2,800	$2.31	25d	1	1.50mi

Listing history 21 events

1. 2026-05-17
   status Pending 1496-char remark

   Show marketing remark (1478 chars)

   Welcome to this charming and affordable Royal Oak bungalow, ideally located just steps from beautiful Kenwood Park in one of the city's most sought-after neighborhoods! This well-maintained 3-bedroom, 1-bath home offers classic character paired with important mechanical updates and an unbeatable location within the highly regarded Royal Oak Schools district. Inside, you'll find hardwood floors throughout much of the home, creating warmth and timeless appeal. The spacious, mostly finished basement provides valuable additional living space perfect for a family room, home office, gym, or entertainment area. Outside, enjoy a lovely backyard patio ideal for summer gatherings, morning coffee, or relaxing evenings, along with the convenience of a detached 2-car garage. The fully fenced backyard is perfect for pets, gardening, or simply enjoying your own private outdoor space. Major updates include a replaced sewer line and hot water heater (2020), new furnace and central air conditioning system (2024), offering peace of mind for years to come. Beyond the home itself, the location truly shines. Enjoy quick access to downtown Royal Oak's vibrant dining and entertainment scene, including favorites like Redcoat Tavern, Ale Mary's Beer Hall, Cafe; Muse, and Oak Diner, along with nearby shopping, parks, and easy commuter access. This is your chance to put down roots in Royal Oak at an exceptional value. Opportunities like this don't last. Schedule your showing today!

2. 2026-05-17
   status Pending 1478-char remark

   Show marketing remark (1478 chars)

   Welcome to this charming and affordable Royal Oak bungalow, ideally located just steps from beautiful Kenwood Park in one of the city's most sought-after neighborhoods! This well-maintained 3-bedroom, 1-bath home offers classic character paired with important mechanical updates and an unbeatable location within the highly regarded Royal Oak Schools district. Inside, you'll find hardwood floors throughout much of the home, creating warmth and timeless appeal. The spacious, mostly finished basement provides valuable additional living space perfect for a family room, home office, gym, or entertainment area. Outside, enjoy a lovely backyard patio ideal for summer gatherings, morning coffee, or relaxing evenings, along with the convenience of a detached 2-car garage. The fully fenced backyard is perfect for pets, gardening, or simply enjoying your own private outdoor space. Major updates include a replaced sewer line and hot water heater (2020), new furnace and central air conditioning system (2024), offering peace of mind for years to come. Beyond the home itself, the location truly shines. Enjoy quick access to downtown Royal Oak's vibrant dining and entertainment scene, including favorites like Redcoat Tavern, Ale Mary's Beer Hall, Cafe; Muse, and Oak Diner, along with nearby shopping, parks, and easy commuter access. This is your chance to put down roots in Royal Oak at an exceptional value. Opportunities like this don't last. Schedule your showing today!

3. 2026-05-14
   listed $290,000 Active 1478-char remark

   Show marketing remark (1478 chars)

   Welcome to this charming and affordable Royal Oak bungalow, ideally located just steps from beautiful Kenwood Park in one of the city's most sought-after neighborhoods! This well-maintained 3-bedroom, 1-bath home offers classic character paired with important mechanical updates and an unbeatable location within the highly regarded Royal Oak Schools district. Inside, you'll find hardwood floors throughout much of the home, creating warmth and timeless appeal. The spacious, mostly finished basement provides valuable additional living space perfect for a family room, home office, gym, or entertainment area. Outside, enjoy a lovely backyard patio ideal for summer gatherings, morning coffee, or relaxing evenings, along with the convenience of a detached 2-car garage. The fully fenced backyard is perfect for pets, gardening, or simply enjoying your own private outdoor space. Major updates include a replaced sewer line and hot water heater (2020), new furnace and central air conditioning system (2024), offering peace of mind for years to come. Beyond the home itself, the location truly shines. Enjoy quick access to downtown Royal Oak's vibrant dining and entertainment scene, including favorites like Redcoat Tavern, Ale Mary's Beer Hall, Cafe; Muse, and Oak Diner, along with nearby shopping, parks, and easy commuter access. This is your chance to put down roots in Royal Oak at an exceptional value. Opportunities like this don't last. Schedule your showing today!

4. 2026-05-14
   listed $290,000 Active 1496-char remark

   Show marketing remark (1478 chars)

   Welcome to this charming and affordable Royal Oak bungalow, ideally located just steps from beautiful Kenwood Park in one of the city's most sought-after neighborhoods! This well-maintained 3-bedroom, 1-bath home offers classic character paired with important mechanical updates and an unbeatable location within the highly regarded Royal Oak Schools district. Inside, you'll find hardwood floors throughout much of the home, creating warmth and timeless appeal. The spacious, mostly finished basement provides valuable additional living space perfect for a family room, home office, gym, or entertainment area. Outside, enjoy a lovely backyard patio ideal for summer gatherings, morning coffee, or relaxing evenings, along with the convenience of a detached 2-car garage. The fully fenced backyard is perfect for pets, gardening, or simply enjoying your own private outdoor space. Major updates include a replaced sewer line and hot water heater (2020), new furnace and central air conditioning system (2024), offering peace of mind for years to come. Beyond the home itself, the location truly shines. Enjoy quick access to downtown Royal Oak's vibrant dining and entertainment scene, including favorites like Redcoat Tavern, Ale Mary's Beer Hall, Cafe; Muse, and Oak Diner, along with nearby shopping, parks, and easy commuter access. This is your chance to put down roots in Royal Oak at an exceptional value. Opportunities like this don't last. Schedule your showing today!

5. 2026-05-11
   historical $290,000 1478-char remark

   Show marketing remark (1478 chars)

   Welcome to this charming and affordable Royal Oak bungalow, ideally located just steps from beautiful Kenwood Park in one of the city's most sought-after neighborhoods! This well-maintained 3-bedroom, 1-bath home offers classic character paired with important mechanical updates and an unbeatable location within the highly regarded Royal Oak Schools district. Inside, you'll find hardwood floors throughout much of the home, creating warmth and timeless appeal. The spacious, mostly finished basement provides valuable additional living space perfect for a family room, home office, gym, or entertainment area. Outside, enjoy a lovely backyard patio ideal for summer gatherings, morning coffee, or relaxing evenings, along with the convenience of a detached 2-car garage. The fully fenced backyard is perfect for pets, gardening, or simply enjoying your own private outdoor space. Major updates include a replaced sewer line and hot water heater (2020), new furnace and central air conditioning system (2024), offering peace of mind for years to come. Beyond the home itself, the location truly shines. Enjoy quick access to downtown Royal Oak's vibrant dining and entertainment scene, including favorites like Redcoat Tavern, Ale Mary's Beer Hall, Cafe; Muse, and Oak Diner, along with nearby shopping, parks, and easy commuter access. This is your chance to put down roots in Royal Oak at an exceptional value. Opportunities like this don't last. Schedule your showing today!

6. 2018-10-30
   soldstatus $205,000
7. 2018-10-26
   soldstatus $205,000 Sold

   Show marketing remark (404 chars)

   Charming bungalow located steps from Downtown Royal Oak just minutes from dining, shopping, nightlife, and parks! Excellent layout with beautiful oak hardwood floors, newly finished basement, lovely backyard patio with exposed aggregate perfect for entertaining, updated electrical, updated windows, sizable garage with power, excellent sized fenced in lot perfect for pets, and much more! Will not last!

8. 2018-10-26
   soldstatus $205,000 Closed

   Show marketing remark (404 chars)

   Charming bungalow located steps from Downtown Royal Oak just minutes from dining, shopping, nightlife, and parks! Excellent layout with beautiful oak hardwood floors, newly finished basement, lovely backyard patio with exposed aggregate perfect for entertaining, updated electrical, updated windows, sizable garage with power, excellent sized fenced in lot perfect for pets, and much more! Will not last!

9. 2018-10-01
   status Pending

   Show marketing remark (404 chars)

   Charming bungalow located steps from Downtown Royal Oak just minutes from dining, shopping, nightlife, and parks! Excellent layout with beautiful oak hardwood floors, newly finished basement, lovely backyard patio with exposed aggregate perfect for entertaining, updated electrical, updated windows, sizable garage with power, excellent sized fenced in lot perfect for pets, and much more! Will not last!

10. 2018-10-01
    status Pending

    Show marketing remark (404 chars)

    Charming bungalow located steps from Downtown Royal Oak just minutes from dining, shopping, nightlife, and parks! Excellent layout with beautiful oak hardwood floors, newly finished basement, lovely backyard patio with exposed aggregate perfect for entertaining, updated electrical, updated windows, sizable garage with power, excellent sized fenced in lot perfect for pets, and much more! Will not last!

11. 2018-09-06
    price $210,000
12. 2018-09-05
    price $210,000

    Show marketing remark (404 chars)

    Charming bungalow located steps from Downtown Royal Oak just minutes from dining, shopping, nightlife, and parks! Excellent layout with beautiful oak hardwood floors, newly finished basement, lovely backyard patio with exposed aggregate perfect for entertaining, updated electrical, updated windows, sizable garage with power, excellent sized fenced in lot perfect for pets, and much more! Will not last!

13. 2018-08-20
    listed $219,000 Active

    Show marketing remark (404 chars)

    Charming bungalow located steps from Downtown Royal Oak just minutes from dining, shopping, nightlife, and parks! Excellent layout with beautiful oak hardwood floors, newly finished basement, lovely backyard patio with exposed aggregate perfect for entertaining, updated electrical, updated windows, sizable garage with power, excellent sized fenced in lot perfect for pets, and much more! Will not last!

14. 2018-08-20
    listed $219,000 Active

    Show marketing remark (404 chars)

    Charming bungalow located steps from Downtown Royal Oak just minutes from dining, shopping, nightlife, and parks! Excellent layout with beautiful oak hardwood floors, newly finished basement, lovely backyard patio with exposed aggregate perfect for entertaining, updated electrical, updated windows, sizable garage with power, excellent sized fenced in lot perfect for pets, and much more! Will not last!

15. 2016-06-20
    soldstatus $170,000
16. 2016-06-13
    soldstatus $170,000 Sold
17. 2016-06-13
    soldstatus $170,000 Closed
18. 2016-05-12
    status Pending
19. 2016-05-12
    status Pending
20. 2016-05-09
    listed $169,999 Active
21. 2016-05-09
    listed $169,999 Active

ⓘ 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: $4,052 · $338/mo
• Projected year-2 tax: $4,259 · $355/mo
• Expected delta: +$207/yr (+$17/mo · 5.1%)

ⓘ 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 3/10 Moderate 3 unhealthy d/yr today · 5 by 30 yrs out

Taxation est. · year 1

• Rental income: $29,735
• − Mortgage interest: −$16,245
• − Property taxes: −$4,052
• − Insurance: −$1,450
• − Repairs & maintenance: −$2,379
• − Management: −$2,379
• − Depreciation: −$8,436
• Taxable loss: −$5,206
• Est. tax savings @ 24.0%: +$1,249
• After-tax cash flow: $988/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: Royal Oak Schools
• NCES district ID: 2630300
• Math proficiency: 41% ▼ -10.00%
• Reading proficiency: 59% ▼ -3.00%
• Median HH income: $65,456
• Composite: 44.19/100
• National rank: #2853
• State rank: #89 of 540 in MI

Livability — Royal Oak

• Score: 83/100
• State rank: #50
• US rank: #1020

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Royal Oak, MI
• County: Oakland County · 1,009,092 people
• City population: 57,974
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 24,868
• Household income: $112,840
• Rent vs Own: 32.5% rent · 67.5% own
• Severe rent burden: 625.0

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 (82%)
• Race & ethnicity: White 82% Hispanic / Latino 7% Two or more races 7% Black 3% Asian 3%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Romanian 12% Lithuanian 4% Slovak 4%
• Foreign-born: 7% · Canada, China, South Korea
• Languages at home: 92% English-only · Spanish 2% Other Indo-European 2% 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: ▼ -571.62%
• Current HPI: 224.5887
• Rent YoY: ▲ 4.72%
• 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

+85.3% since first listed

23 events — show timeline

• 2026-06-11 Sold (MLS) $315,000 MiRealSource-MiMLS
• 2026-06-11 Sold (MLS) $315,000 REALCOMP
• 2026-05-17 Pending — REALCOMP
• 2026-05-17 Pending — MiRealSource-MiMLS
• 2026-05-14 Listed $290,000 MiRealSource-MiMLS
• 2026-05-14 Listed $290,000 REALCOMP
• 2026-05-11 Coming Soon $290,000 MiRealSource-MiMLS
• 2018-10-30 Sold (Public Records) $205,000 Public Records
• 2018-10-26 Sold (MLS) $205,000 MiRealSource-MiMLS
• 2018-10-26 Sold (MLS) $205,000 REALCOMP
• 2018-10-01 Pending — MiRealSource-MiMLS
• 2018-10-01 Pending — REALCOMP
• 2018-09-06 Price Changed $210,000 MiRealSource-MiMLS
• 2018-09-05 Price Changed $210,000 REALCOMP
• 2018-08-20 Listed $219,000 MiRealSource-MiMLS
• 2018-08-20 Listed $219,000 REALCOMP
• 2016-06-20 Sold (Public Records) $170,000 Public Records
• 2016-06-13 Sold (MLS) $170,000 MiRealSource-MiMLS
• 2016-06-13 Sold (MLS) $170,000 REALCOMP
• 2016-05-12 Pending — MiRealSource-MiMLS
• 2016-05-12 Pending — REALCOMP
• 2016-05-09 Listed $169,999 MiRealSource-MiMLS
• 2016-05-09 Listed $169,999 REALCOMP

Property tax history

+5.4%/yr

Latest (2025): $4,052 · +2.4% YoY. Source: county tax records.