26449 Trowbridge St · Inkster, MI 48141

$70,500

2 bd · 1.0 ba · 969 sqft · SingleFamily public records · 24 Days on market

Built 1924 6,970 sqft lot Est $116k · 39% 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.4/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Schools +0.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Turnkey investment opportunity at 26449 Trowbridge! Tenant-occupied property generating immediate rental income. Well-maintained home with reliable tenant already in place, making this an ideal addition to any investor's portfolio. Please do not disturb tenant. Showings available with accepted offer or advance notice.

Key facts

• 6,970 sq ft lot
• Built 1924
• Listed 23 days

Property features AI

Exterior

• Parking: No garage
• Utilities: Public water available; Public sewer available
• Home design: Single-family residence; One level; Ground-level entry with steps
• Construction: Brick construction; Block foundation
• Exterior features: Paved road access; Lot approximately 45 x 150 (0.16 acres)

Interior

• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating (natural gas); No cooling
• Interior features: Unfinished basement; Total of 4 rooms

🏷️ Possibly a rental listed for sale. The $70,500 price doesn't fit this home's estimated sale value (~$116,280) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $70k.

Deal economics

• At list price, monthly cash flow is $427 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $70k).
• Recommended offer: $69k (1.5% below list) — sets the bar for market timing.
• Cap rate 13.6% vs local median 9.8% in Inkster — 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 67/100 on livability (#406 in MI) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: health & safety D, schools F, crime F.
• Westwood Community School District (suburban): math 6% / reading 11% proficiency, ranked #529 of 540 in MI (top 98%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 81% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+3.0%/yr); 142 active listings in the ZIP; 22 comparable units currently listed for rent nearby; rentals at typical pace (median 18d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• This rent runs 40% of the median local income ($39k/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 $487 of loan paydown is wiped out by about $2k 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 + 3.0% rent growth), your $20k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 24 days — a 2% lower offer ($69k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 22y 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 $6k; list at $70k implies a 1095% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 3.5% of price; built in 1924 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $69,442 (1.5% below list)

Questions for the listing agent

1. Built in 1924 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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. 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: 1.85% ✓
• Cap rate: 13.56%
• Cash-on-cash: 25.94%
• DSCR: 2.15
• GRM: 4.5

CMA / ARV

• ARV (on-the-fly): $116,280
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
26323 Kean St	0.10mi	3/1.0 (+1)	1,080 (+12%)	1mo	$130,000	$120	71
26628 Oakland St	0.24mi	3/1.0 (+1)	921 (-5%)	6mo	$111,610	$121	71
26620 Oakland St	0.24mi	3/1.0 (+1)	1,015 (+5%)	7mo	$95,000	$94	70
26280 W Hills Dr	0.32mi	3/1.0 (+1)	930 (-4%)	6mo	$87,000	$94	68
26723 W Hills Dr	0.28mi	3/1.5 (+1)	890 (-8%)	3mo	$110,000	$124	64
2500 Weithoff Ct	0.42mi	3/1.0 (+1)	1,050 (+8%)	3mo	$125,000	$119	59
26825 Kitch St	0.72mi	3/1.0 (+1)	972 (+0%)	2mo	$130,000	$134	59
25948 Penn St	0.68mi	3/1.0 (+1)	1,031 (+6%)	1mo	$100,000	$97	52
26656 Kitch St	0.67mi	3/1.0 (+1)	909 (-6%)	6mo	$60,000	$66	49
25716 Notre Dame St	0.69mi	2/1.0	850 (-12%)	6mo	$105,000	$124	43
1088 Arlington St	0.70mi	3/1.0 (+1)	1,076 (+11%)	4mo	$137,500	$128	40
27018 Kitch St	0.74mi	3/1.0 (+1)	1,112 (+15%)	7mo	$116,000	$104	30

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 · 2.95% rent growth · sell at horizon

5-year hold

• IRR: 19.7%
• Equity multiple: 1.80×
• Total profit: $15,783
• Equity at exit: $10,512

10-year hold

• IRR: 27.9%
• Equity multiple: 3.47×
• Total profit: $48,846
• Equity at exit: $6,096

Cash invested: $19,740 (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 48141

• Home prices YoY: -2.9%
• Rents YoY: 3.0%
• Active inventory: 142
• Price-to-rent: 4.5×

Monthly cashflow live

• Estimated rent: $1,305 high
• Mortgage (P&I): −$370
• Tax from tax record: −$205 /mo · $2,463/yr
• Insurance: −$29
• HOA: −$0
• Vacancy / Maint / Mgmt: −$274
• Net cashflow: $427

Break-even live

Break-even rent $765

Max offer price $70,500

Occupancy floor 62%

Sensitivity live

Price	-10% $467	-5% $447	+0% $427	+5% $407	+10% $387
Rent	-10% $324	-5% $375	+0% $427	+5% $478	+10% $530
Rate	-1.0pp $462	-0.5pp $445	base $427	+0.5pp $408	+1.0pp $390

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: $17,625
• Closing costs: $2,115
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
25745 Princeton St Dearborn Heights, MI	3.0	1.0	1080	$1,500	$1.39	11d	1	0.55mi
26742 Penn St Inkster, MI	3.0	1.0	1000	$1,300	$1.30	17d	1	0.64mi
26707 Penn St Inkster, MI	3.0	1.0	900	$1,400	$1.56	5d	1	0.67mi
27139 Penn St Inkster, MI	3.0	1.0	832	$675	$0.81	18d	1	0.77mi
27149 Penn St Inkster, MI	1.0	1.0	846	$650	$0.77	18d	1	0.77mi
27184 Lucerne Dr Inkster, MI	3.0	1.0	1100	$1,250	$1.14	44d	1	0.78mi
25722 Carlysle St Dearborn Heights, MI	3.0	1.0	1040	$1,450	$1.39	18d	1	0.89mi
26382 Colgate St Inkster, MI	2.0	1.0	850	$935	$1.10	24d	1	0.95mi
572 Tobin Dr Inkster, MI	1.0–3.0	1.0–2.0	936	$1,280	$1.37	2d	22	0.95mi
24720 Michigan Ave Dearborn, MI	2.0	1.0	900	$1,350	$1.50	44d	1	1.08mi
3763 Heritage Pkwy Dearborn, MI	2.0	1.5	1035	$1,450	$1.40	44d	1	1.09mi
3236 Walnut St Inkster, MI	3.0	1.0	1096	$1,495	$1.36	3d	1	1.12mi
3755 Heritage Pkwy Dearborn, MI	2.0	1.0	830	$1,450	$1.75	44d	1	1.12mi
3809 Heritage Pkwy Dearborn, MI	2.0	1.5	1035	$1,400	$1.35	44d	1	1.17mi
26089 Lehigh St Inkster, MI	2.0	1.0	900	$1,295	$1.44	18d	1	1.18mi
167 Cherry Valley Dr Inkster, MI	1.0–2.0	1.0	784	$1,395	$1.78	15d	12	1.20mi
1150 Magnolia Dr Inkster, MI	3.0	1.0	900	$1,300	$1.44	24d	1	1.20mi
26322 Westphal St Dearborn Heights, MI	1.0–2.0	1.0	762	$1,455	$1.91	2d	24	1.28mi
24442 Union St Dearborn, MI	3.0	1.5	1000	$1,900	$1.90	2d	1	1.36mi
238 Yorkshire Blvd Dearborn Heights, MI	1.0–2.0	1.0	741	$1,424	$1.92	2d	9	1.39mi
25016 Lehigh St Dearborn Heights, MI	2.0	1.0	1000	$1,400	$1.40	5d	1	1.44mi
24601 Andover Dr Dearborn Heights, MI	3.0	1.5	1092	$1,700	$1.56	2d	1	1.47mi

Listing history 24 events

1. 2026-06-04
   days on market $70,500 Active 24 DOM
2. 2026-06-03
   days on market $70,500 Active 23 DOM
3. 2026-06-02
   days on market $70,500 Active 22 DOM
4. 2026-06-01
   days on market $70,500 Active 21 DOM
5. 2026-05-31
   days on market $70,500 Active 20 DOM
6. 2026-05-21
   price $70,500 319-char remark

   Show marketing remark (319 chars)

   Turnkey investment opportunity at 26449 Trowbridge! Tenant-occupied property generating immediate rental income. Well-maintained home with reliable tenant already in place, making this an ideal addition to any investor's portfolio. Please do not disturb tenant. Showings available with accepted offer or advance notice.

7. 2026-05-21
   price $70,500

   Show marketing remark (319 chars)

   Turnkey investment opportunity at 26449 Trowbridge! Tenant-occupied property generating immediate rental income. Well-maintained home with reliable tenant already in place, making this an ideal addition to any investor's portfolio. Please do not disturb tenant. Showings available with accepted offer or advance notice.

8. 2026-05-11
   listed $71,500 Active

   Show marketing remark (319 chars)

   Turnkey investment opportunity at 26449 Trowbridge! Tenant-occupied property generating immediate rental income. Well-maintained home with reliable tenant already in place, making this an ideal addition to any investor's portfolio. Please do not disturb tenant. Showings available with accepted offer or advance notice.

9. 2026-05-11
   listed $71,500 Active 319-char remark

   Show marketing remark (319 chars)

   Turnkey investment opportunity at 26449 Trowbridge! Tenant-occupied property generating immediate rental income. Well-maintained home with reliable tenant already in place, making this an ideal addition to any investor's portfolio. Please do not disturb tenant. Showings available with accepted offer or advance notice.

10. 2015-06-25
    historical
11. 2015-06-24
    historical
12. 2015-06-21
    status Active
13. 2015-05-12
    historical
14. 2015-01-21
    listed $22,500 Active
15. 2015-01-21
    listed $22,500
16. 2012-05-25
    soldstatus $5,900
17. 2012-05-25
    soldstatus $5,900
18. 2012-04-24
    historical
19. 2012-04-24
    historical
20. 2012-04-16
    listed $8,900
21. 2012-04-16
    listed $8,900
22. 2004-09-05
    historical
23. 2004-08-31
    soldstatus $52,400
24. 2004-02-25
    listed $49,900

ⓘ 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: $2,463 · $205/mo
• Projected year-2 tax: $2,463 · $205/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 ≥98°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,662
• − Mortgage interest: −$3,949
• − Property taxes: −$2,463
• − Insurance: −$352
• − Repairs & maintenance: −$1,253
• − Management: −$1,253
• − Depreciation: −$2,051
• Taxable income: $4,341
• Est. tax owed @ 24.0%: −$1,042
• After-tax cash flow: $4,079/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: Westwood Community School District
• NCES district ID: 2611640
• Math proficiency: 6% ▼ -6.00%
• Reading proficiency: 11% ▼ -6.00%
• Median HH income: $36,350
• Composite: 7.06/100
• National rank: #9967
• State rank: #529 of 540 in MI

Livability — Inkster

• Score: 67/100
• State rank: #406
• US rank: #11087

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Inkster, MI
• County: Wayne County · 1,562,939 people
• City population: 25,428
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 25,428
• Household income: $39,252
• Rent vs Own: 53.2% rent · 46.8% own
• Severe rent burden: 1558.0

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 Black (72%)
• Race & ethnicity: Black 72% White 17% Two or more races 7% Hispanic / Latino 2% Asian 1%
• Common ancestry: Romanian 3% Slovak 1% Italian 1%
• Foreign-born: 5% · Canada, China
• Languages at home: 92% English-only · Arabic 3% Other Asian/Pacific 1% Spanish 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: ▼ -11.74%
• Current HPI: 390.2139
• Rent YoY: ▲ 2.95%
• 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

+41.3% since first listed

19 events — show timeline

• 2026-05-21 Price Changed $70,500 MiRealSource-MiMLS
• 2026-05-21 Price Changed $70,500 REALCOMP
• 2026-05-11 Listed $71,500 REALCOMP
• 2026-05-11 Listed $71,500 MiRealSource-MiMLS
• 2015-06-25 Listing Removed — REALCOMP
• 2015-06-24 Listing Removed — MiRealSource-MiMLS
• 2015-06-21 Relisted — REALCOMP
• 2015-05-12 Listing Removed — REALCOMP
• 2015-01-21 Listed $22,500 REALCOMP
• 2015-01-21 Listed $22,500 MiRealSource-MiMLS
• 2012-05-25 Sold (MLS) $5,900 REALCOMP
• 2012-05-25 Sold (MLS) $5,900 MiRealSource-MiMLS
• 2012-04-24 Listing Removed — REALCOMP
• 2012-04-24 Listing Removed — MiRealSource-MiMLS
• 2012-04-16 Listed $8,900 REALCOMP
• 2012-04-16 Listed $8,900 MiRealSource-MiMLS
• 2004-09-05 Listing Removed — REALCOMP
• 2004-08-31 Sold (Public Records) $52,400 Public Records
• 2004-02-25 Listed $49,900 REALCOMP

Property tax history

+7.5%/yr

Latest (2025): $2,463 · -8.7% YoY. Source: county tax records.