6421 Weddel St · Taylor, MI 48180

$174,900

3 bd · 1.0 ba · 910 sqft · SingleFamily public records · 13 Days on market

Built 1953 5,227 sqft lot $192/sqft · 68% above area Est $188k · 7% 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 +12.7/30.0
• ARV discount +10.6/15.0
• 1% rule +4.1/10.0
• DSCR +3.8/10.0
• Livability +3.8/5.0
• Rent growth +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.8/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Back on the market due to buyer financing falling through, no fault of the seller or property. FHA appraisal has already been completed and came in above asking price, providing added confidence in the home's value. Seller is ready for a smooth and timely closing. Don't miss this second opportunity to make this home yours! Recently painted and full of potential, this 3 bedroom, 1.5 bath bungalow in Taylor offers a great opportunity for buyers looking to make a home their own. The functional layout includes hardwood flooring throughout, adding warmth and character, along with a partially finished basement and convenient half bath for additional living space and flexibility. The spacious backyard provides plenty of room for entertaining, gardening, relaxing, or future outdoor enhancements. Conveniently located near shopping, dining, schools, and major expressways. This home offers comfort and space in a desirable location.

Key facts

• Spacious backyard
• 5,227 sq ft lot
• Garage

Tags

• PARTIALLY FINISHED BASEMENT
• SPACIOUS BACKYARD

Property features AI

Finance

• HOA & community: Homeowners association present

Exterior

• Parking: Detached 1-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One and one-half story
• Construction: Vinyl siding; Above-grade finished area 910 square feet; Below-grade finished area 728 (partially finished basement)
• Exterior features: Lot dimensions approximately 40 x 129; Lot area about 0.12 acres

Interior

• Kitchen: Eat-in layout; Gas water heater
• Bedrooms: Total of 4 rooms
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Forced air heating (natural gas); Central air conditioning; Ceiling fan(s)
• Interior features: Eat-in kitchen; Partially finished basement
• Laundry & utility: Gas water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $175k.

Deal economics

• At list price, monthly cash flow is $-19 ($-226/yr) — negative.
• To cash-flow at today's rent, offer at most $172k (1.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $159k (9.0% below list).
• Recommended offer: $159k (9.0% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads 76/100 on livability (#144 in MI, #3,684 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: employment D+, crime F.
• Taylor School District (urban): math 14% / reading 27% proficiency, ranked #462 of 540 in MI (top 86%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Taylor Parks Elementary School (math 12% / reading 17%, grade F, #1,185 of 1,397 statewide, top 86%, 326 students, 86% FRL); Robert J West Middle School (math 12% / reading 32%, grade F, #408 of 493 statewide, top 84%, 641 students, 68% FRL).
• Market conditions: Rents rising fast (+4.9%/yr); 289 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals leasing fast (median 7d on market — plan ~1-2 weeks tenant-placement turnaround); 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• This rent runs 31% 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

• Only 13 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 18y 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 1953 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $159,141 (9.0% 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 1953 — 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 F-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. Crime grade is F 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?
6. 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?
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: 0.91% ✗
• Cap rate: 6.16%
• Cash-on-cash: -0.46%
• DSCR: 0.98
• GRM: 9.2

CMA / ARV

• ARV (median comp): $187,751
• List price: $174,900
• Delta: -6.84%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6700 Jackson St	0.24mi	3/1.0	891 (-2%)	3mo	$99,000	$111	83
6354 Buckingham Ave	0.29mi	2/1.0 (-1)	910 (0%)	3mo	$106,000	$116	79
6778 Buckingham Ave	0.42mi	3/1.0	900 (-1%)	1mo	$225,000	$250	78
6671 Mayfair St	0.20mi	3/1.0	1,020 (+12%)	1mo	$162,500	$159	69
6730 Buckingham Ave	0.38mi	3/1.0	840 (-8%)	3mo	$141,000	$168	66
20233 Pinecrest St	0.15mi	4/1.0 (+1)	1,015 (+12%)	3mo	$170,000	$167	66
5636 Hipp St	0.66mi	3/1.0	894 (-2%)	1mo	$121,300	$136	66
7235 Mortenview Dr	0.64mi	3/1.0	946 (+4%)	4mo	$169,900	$180	60
6731 Harding St	0.44mi	3/1.0	1,001 (+10%)	5mo	$184,000	$184	58
5839 Balfour Ave	0.61mi	3/1.0	998 (+10%)	2mo	$150,000	$150	53
5607 Polk St	0.69mi	2/1.0 (-1)	954 (+5%)	4mo	$139,500	$146	51
7855 Weddel St	0.74mi	3/1.5	850 (-7%)	1mo	$213,500	$251	51

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 · 4.9% rent growth · sell at horizon

5-year hold

• IRR: -14.8%
• Equity multiple: 0.46×
• Total profit: $-26,374
• Equity at exit: $26,078

10-year hold

• IRR: -3.1%
• Equity multiple: 0.78×
• Total profit: $-11,018
• Equity at exit: $15,122

Cash invested: $48,972 (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 48180

• Rents YoY: 4.9%
• Active inventory: 289
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $1,591 high
• Mortgage (P&I): −$917
• Tax from tax record: −$286 /mo · $3,431/yr
• Insurance: −$73
• HOA: −$0
• Vacancy / Maint / Mgmt: −$334
• Net cashflow: $-19

Break-even live

Break-even rent $1,615

Max offer price $171,578

Occupancy floor 96%

Sensitivity live

Price	-10% $80	-5% $31	+0% $-19	+5% $-68	+10% $-118
Rent	-10% $-145	-5% $-82	+0% $-19	+5% $44	+10% $107
Rate	-1.0pp $69	-0.5pp $26	base $-19	+0.5pp $-64	+1.0pp $-110

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: $43,725
• Closing costs: $5,247
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5371 Culver St Dearborn Heights, MI	3.0	1.0	980	$1,450	$1.48	4d	1	0.86mi
5371 Culver St Dearborn Heights, MI	3.0	1.0	980	$1,500	$1.53	13d	1	0.86mi
4704 Jackson St Dearborn Heights, MI	3.0	1.0	1000	$1,500	$1.50	24d	1	0.94mi
4681 Weddell St Dearborn Heights, MI	3.0	1.0	860	$1,600	$1.86	0d	1	0.97mi
4914 Gertrude St Dearborn Heights, MI	2.0	1.0	908	$1,230	$1.35	19d	1	1.00mi
4631 Ziegler St Dearborn Heights, MI	3.0	1.0	1050	$1,650	$1.57	45d	1	1.02mi
4810 Campbell St Dearborn Heights, MI	3.0	1.0	1000	$1,700	$1.70	0d	1	1.08mi
4638 Gertrude St Dearborn Heights, MI	3.0	1.0	1020	$1,700	$1.67	7d	1	1.09mi
4757 Dudley St Dearborn Heights, MI	3.0	1.0	995	$1,350	$1.36	13d	1	1.16mi
4934 McKinley St Dearborn Heights, MI	3.0	1.0	1051	$1,700	$1.62	0d	1	1.28mi
15806 Meyer Ave Allen Park, MI	3.0	2.0	1100	$1,650	$1.50	3d	1	1.37mi

Listing history 13 events

1. 2026-06-21
   statusdays on market $174,900 Pending 13 DOM
2. 2026-06-18
   days on market $174,900 Active Under Contract 12 DOM
3. 2026-06-17
   status $174,900 Active Under Contract 11 DOM

   Show marketing remark (935 chars)

   Back on the market due to buyer financing falling through, no fault of the seller or property. FHA appraisal has already been completed and came in above asking price, providing added confidence in the home's value. Seller is ready for a smooth and timely closing. Don't miss this second opportunity to make this home yours! Recently painted and full of potential, this 3 bedroom, 1.5 bath bungalow in Taylor offers a great opportunity for buyers looking to make a home their own. The functional layout includes hardwood flooring throughout, adding warmth and character, along with a partially finished basement and convenient half bath for additional living space and flexibility. The spacious backyard provides plenty of room for entertaining, gardening, relaxing, or future outdoor enhancements. Conveniently located near shopping, dining, schools, and major expressways. This home offers comfort and space in a desirable location.

4. 2026-06-17
   days on market $174,900 Active 11 DOM

   Show marketing remark (935 chars)

   Back on the market due to buyer financing falling through, no fault of the seller or property. FHA appraisal has already been completed and came in above asking price, providing added confidence in the home's value. Seller is ready for a smooth and timely closing. Don't miss this second opportunity to make this home yours! Recently painted and full of potential, this 3 bedroom, 1.5 bath bungalow in Taylor offers a great opportunity for buyers looking to make a home their own. The functional layout includes hardwood flooring throughout, adding warmth and character, along with a partially finished basement and convenient half bath for additional living space and flexibility. The spacious backyard provides plenty of room for entertaining, gardening, relaxing, or future outdoor enhancements. Conveniently located near shopping, dining, schools, and major expressways. This home offers comfort and space in a desirable location.

5. 2026-06-16
   days on market $174,900 Active 10 DOM
6. 2026-06-15
   remarks 699-char remark
7. 2026-06-15
   pricestatusdays on market $174,900 Active 9 DOM
8. 2026-05-11
   listed $170,000 Active 677-char remark

   Show marketing remark (935 chars)

   Back on the market due to buyer financing falling through, no fault of the seller or property. FHA appraisal has already been completed and came in above asking price, providing added confidence in the home's value. Seller is ready for a smooth and timely closing. Don't miss this second opportunity to make this home yours! Recently painted and full of potential, this 3 bedroom, 1.5 bath bungalow in Taylor offers a great opportunity for buyers looking to make a home their own. The functional layout includes hardwood flooring throughout, adding warmth and character, along with a partially finished basement and convenient half bath for additional living space and flexibility. The spacious backyard provides plenty of room for entertaining, gardening, relaxing, or future outdoor enhancements. Conveniently located near shopping, dining, schools, and major expressways. This home offers comfort and space in a desirable location.

9. 2026-05-11
   listed $170,000 Active 677-char remark

   Show marketing remark (935 chars)

   Back on the market due to buyer financing falling through, no fault of the seller or property. FHA appraisal has already been completed and came in above asking price, providing added confidence in the home's value. Seller is ready for a smooth and timely closing. Don't miss this second opportunity to make this home yours! Recently painted and full of potential, this 3 bedroom, 1.5 bath bungalow in Taylor offers a great opportunity for buyers looking to make a home their own. The functional layout includes hardwood flooring throughout, adding warmth and character, along with a partially finished basement and convenient half bath for additional living space and flexibility. The spacious backyard provides plenty of room for entertaining, gardening, relaxing, or future outdoor enhancements. Conveniently located near shopping, dining, schools, and major expressways. This home offers comfort and space in a desirable location.

10. 2009-03-20
    historical
11. 2009-03-20
    historical
12. 2008-05-15
    listed $24,900
13. 2008-05-15
    listed $24,900

ⓘ 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: $3,431 · $286/mo
• Projected year-2 tax: $3,431 · $286/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 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $19,097
• − Mortgage interest: −$9,797
• − Property taxes: −$3,431
• − Insurance: −$874
• − Repairs & maintenance: −$1,528
• − Management: −$1,528
• − Depreciation: −$5,088
• Taxable loss: −$3,150
• Est. tax savings @ 24.0%: +$756
• After-tax cash flow: $530/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: Taylor School District
• NCES district ID: 2633540
• Math proficiency: 14% ▼ -7.00%
• Reading proficiency: 27% ▼ -4.00%
• Median HH income: $43,062
• Composite: 17.62/100
• National rank: #9034
• State rank: #462 of 540 in MI

Livability — Taylor

• Score: 76/100
• State rank: #144
• US rank: #3684

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Taylor, MI
• County: Wayne County · 1,562,939 people
• City population: 62,081
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 62,081
• Household income: $61,081
• Rent vs Own: 33.3% rent · 66.7% own
• Severe rent burden: 1957.0

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: Majority White (65%)
• Race & ethnicity: White 65% Black 19% Two or more races 9% Hispanic / Latino 9% Asian 2%
• Hispanic origin (detail): Mexican 6% Puerto Rican 2%
• Common ancestry: Romanian 8% Lithuanian 3% Slovak 2%
• Foreign-born: 7% · Canada
• Languages at home: 89% English-only · Spanish 4% Arabic 3% Other Indo-European 3%

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: ▼ -212.33%
• Current HPI: 228.921
• Rent YoY: ▲ 4.90%
• 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

+602.4% since first listed

14 events — show timeline

• 2026-06-17 Contingent — REALCOMP
• 2026-06-17 Contingent — MiRealSource-MiMLS
• 2026-06-14 Relisted — REALCOMP
• 2026-06-14 Price Changed $174,900 REALCOMP
• 2026-06-13 Price Changed $174,900 MiRealSource-MiMLS
• 2026-06-13 Relisted — MiRealSource-MiMLS
• 2026-05-19 Pending — REALCOMP
• 2026-05-19 Pending — MiRealSource-MiMLS
• 2026-05-11 Listed $170,000 REALCOMP
• 2026-05-11 Listed $170,000 MiRealSource-MiMLS
• 2009-03-20 Listing Removed — MiRealSource-MiMLS
• 2009-03-20 Listing Removed — REALCOMP
• 2008-05-15 Listed $24,900 MiRealSource-MiMLS
• 2008-05-15 Listed $24,900 REALCOMP

Property tax history

+6.9%/yr

Latest (2025): $3,431 · -0.7% YoY. Source: county tax records.