630 Park Ave · Lincoln Park, MI 48146

$145,000

5 bd · 1.0 ba · 1,134 sqft · SingleFamily public records · 3 Days on market

Built 1940 3,049 sqft lot Est $122k · 18% over

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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 +26.9/30.0
• DSCR +9.3/10.0
• 1% rule +7.2/10.0
• Livability +4.0/5.0
• Rent growth +3.7/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Completely Move In Ready!! Step inside this beautiful 4 bedroom 1 bath bungalow. 2 large bedrooms on the main floor, and 3 room upstairs, offering a possible 5th bedroom or office! New paint throughout! Clean basement, a blank canvas for your imagination. 1 car garage, Fenced in yard! Seller providing certificate of occupancy! Email all offers to [email protected]

Key facts

• Clean basement
• Move in ready
• Fenced in yard

Tags

• MOVE IN READY
• CLEAN BASEMENT
• FENCED IN YARD

What this means for you Summary

Snapshot

• This is a 5-bed/1.0-bath single-family listed at $145k.

Deal economics

• At list price, monthly cash flow is $401 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $145k).
• Cap rate 9.6% vs local median 6.4% in Lincoln Park — 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 80/100 on livability (#82 in MI, #1,720 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools D-, crime F, employment D-.
• Lincoln Park School District (suburban): math 15% / reading 32% proficiency, ranked #440 of 540 in MI (top 82%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 72% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+4.7%/yr); 151 active listings in the ZIP; 2,639 units permitted in Wayne County in 2024 (1,216 in 5+ unit buildings).
• This rent runs 36% of the median local income ($59k/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 $4k 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 + 4.7% rent growth), your $41k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 9 sale attempts since 23y 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 $22k; list at $145k implies a 554% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $145,000

Questions for the listing agent

1. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
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: 1.22% ✓
• Cap rate: 9.61%
• Cash-on-cash: 11.85%
• DSCR: 1.53
• GRM: 6.9

CMA / ARV

• ARV (on-the-fly): $122,472
• Comps found: 9

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1470 Ferris Ave	0.56mi	4/1.5 (-1)	1,152 (+2%)	0mo	$150,000	$130	64
661 White Ave	0.08mi	4/2.0 (-1)	1,260 (+11%)	9mo	$209,900	$167	61
4405 7th St	0.51mi	4/1.0 (-1)	1,056 (-7%)	6mo	$23,500	$22	54
1547 Lejeune Ave	0.23mi	4/1.0 (-1)	1,035 (-9%)	23mo	$105,000	$101	50
1626 Marion Ave	0.43mi	4/1.0 (-1)	1,045 (-8%)	15mo	$35,000	$33	49
4278 9th St	0.62mi	4/1.0 (-1)	1,054 (-7%)	9mo	$105,000	$100	47
1456 Marion Ave	0.53mi	4/2.0 (-1)	1,188 (+5%)	22mo	$138,000	$116	40
4469 5th St	0.57mi	4/2.5 (-1)	1,227 (+8%)	11mo	$150,000	$122	40
4634 8th St	0.47mi	4/2.0 (-1)	1,296 (+14%)	9mo	$139,900	$108	38

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 · 4.65% rent growth · sell at horizon

5-year hold

• IRR: 3.2%
• Equity multiple: 1.12×
• Total profit: $5,038
• Equity at exit: $21,620

10-year hold

• IRR: 14.2%
• Equity multiple: 2.23×
• Total profit: $49,986
• Equity at exit: $12,537

Cash invested: $40,600 (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 48146

• Home prices YoY: -32.7%
• Rents YoY: 4.7%
• Active inventory: 151
• Price-to-rent: 6.9×

Monthly cashflow live

• Estimated rent: $1,764 medium
• Mortgage (P&I): −$760
• Tax from tax record: −$172 /mo · $2,058/yr
• Insurance: −$60
• HOA: −$0
• Vacancy / Maint / Mgmt: −$370
• Net cashflow: $401

Break-even live

Break-even rent $1,256

Max offer price $145,000

Occupancy floor 72%

Sensitivity live

Price	-10% $483	-5% $442	+0% $401	+5% $360	+10% $319
Rent	-10% $262	-5% $331	+0% $401	+5% $471	+10% $540
Rate	-1.0pp $474	-0.5pp $438	base $401	+0.5pp $363	+1.0pp $325

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: $36,250
• Closing costs: $4,350
• Reserves months: —
• Total cash needed: —

Listing history 25 events

1. 2026-04-22
   status Pending 367-char remark

   Show marketing remark (367 chars)

   Completely Move In Ready!! Step inside this beautiful 4 bedroom 1 bath bungalow. 2 large bedrooms on the main floor, and 3 room upstairs, offering a possible 5th bedroom or office! New paint throughout! Clean basement, a blank canvas for your imagination. 1 car garage, Fenced in yard! Seller providing certificate of occupancy! Email all offers to [email protected]

2. 2026-04-22
   status Pending 367-char remark

   Show marketing remark (367 chars)

   Completely Move In Ready!! Step inside this beautiful 4 bedroom 1 bath bungalow. 2 large bedrooms on the main floor, and 3 room upstairs, offering a possible 5th bedroom or office! New paint throughout! Clean basement, a blank canvas for your imagination. 1 car garage, Fenced in yard! Seller providing certificate of occupancy! Email all offers to [email protected]

3. 2026-04-22
   status Pending

   Show marketing remark (367 chars)

   Completely Move In Ready!! Step inside this beautiful 4 bedroom 1 bath bungalow. 2 large bedrooms on the main floor, and 3 room upstairs, offering a possible 5th bedroom or office! New paint throughout! Clean basement, a blank canvas for your imagination. 1 car garage, Fenced in yard! Seller providing certificate of occupancy! Email all offers to [email protected]

4. 2026-04-20
   listed $145,000 Active 367-char remark

   Show marketing remark (367 chars)

   Completely Move In Ready!! Step inside this beautiful 4 bedroom 1 bath bungalow. 2 large bedrooms on the main floor, and 3 room upstairs, offering a possible 5th bedroom or office! New paint throughout! Clean basement, a blank canvas for your imagination. 1 car garage, Fenced in yard! Seller providing certificate of occupancy! Email all offers to [email protected]

5. 2026-04-19
   listed $145,000 Active 367-char remark

   Show marketing remark (367 chars)

   Completely Move In Ready!! Step inside this beautiful 4 bedroom 1 bath bungalow. 2 large bedrooms on the main floor, and 3 room upstairs, offering a possible 5th bedroom or office! New paint throughout! Clean basement, a blank canvas for your imagination. 1 car garage, Fenced in yard! Seller providing certificate of occupancy! Email all offers to [email protected]

6. 2026-04-19
   listed $145,000 Active

   Show marketing remark (367 chars)

   Completely Move In Ready!! Step inside this beautiful 4 bedroom 1 bath bungalow. 2 large bedrooms on the main floor, and 3 room upstairs, offering a possible 5th bedroom or office! New paint throughout! Clean basement, a blank canvas for your imagination. 1 car garage, Fenced in yard! Seller providing certificate of occupancy! Email all offers to [email protected]

7. 2013-01-11
   soldstatus $22,180
8. 2013-01-11
   soldstatus $22,180
9. 2012-11-28
   historical
10. 2012-11-28
    historical
11. 2012-10-29
    listed $24,000
12. 2012-10-29
    listed $24,000
13. 2004-02-09
    soldstatus $102,000
14. 2004-01-02
    soldstatus $102,000
15. 2004-01-02
    soldstatus $102,000
16. 2003-12-10
    historical
17. 2003-10-30
    listed $99,900
18. 2003-10-30
    listed $99,900
19. 2003-10-30
    soldstatus $60,750
20. 2003-09-09
    soldstatus $60,750
21. 2003-09-09
    soldstatus $60,750
22. 2003-08-14
    historical
23. 2003-06-09
    listed $79,000
24. 2003-06-09
    listed $79,000
25. 1992-11-20
    soldstatus $44,500

ⓘ 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: $2,058 · $172/mo
• Projected year-2 tax: $2,146 · $179/mo
• Expected delta: +$87/yr (+$7/mo · 4.2%)

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

Taxation est. · year 1

• Rental income: $21,164
• − Mortgage interest: −$8,122
• − Property taxes: −$2,058
• − Insurance: −$725
• − Repairs & maintenance: −$1,693
• − Management: −$1,693
• − Depreciation: −$4,218
• Taxable income: $2,654
• Est. tax owed @ 24.0%: −$637
• After-tax cash flow: $4,175/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: Lincoln Park School District
• NCES district ID: 2621600
• Math proficiency: 15% ▼ -5.00%
• Reading proficiency: 32% ▬ 0.00%
• Median HH income: $41,486
• Composite: 19.93/100
• National rank: #8678
• State rank: #440 of 540 in MI

Livability — Lincoln Park

• Score: 80/100
• State rank: #82
• US rank: #1720

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lincoln Park, MI
• County: Wayne County · 1,562,939 people
• City population: 39,257
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 39,257
• Household income: $58,616
• Rent vs Own: 31.2% rent · 68.8% own
• Severe rent burden: 1142.0

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 0.57)
• Race & ethnicity: White 60% Hispanic / Latino 25% Two or more races 12% Black 9% Native American 1%
• Hispanic origin (detail): Mexican 19% Puerto Rican 3%
• Common ancestry: Romanian 6% Lithuanian 4% Slovak 1%
• Foreign-born: 9% · Canada
• Languages at home: 80% English-only · Spanish 17% Arabic 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: ▼ -108.25%
• Current HPI: 222.8545
• Rent YoY: ▲ 4.65%
• 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

+225.8% since first listed

25 events — show timeline

• 2026-04-22 Pending — REALCOMP
• 2026-04-22 Pending — MiRealSource-MiMLS
• 2026-04-22 Pending — SW Michigan MLS
• 2026-04-20 Listed $145,000 REALCOMP
• 2026-04-19 Listed $145,000 SW Michigan MLS
• 2026-04-19 Listed $145,000 MiRealSource-MiMLS
• 2013-01-11 Sold (MLS) $22,180 MiRealSource-MiMLS
• 2013-01-11 Sold (MLS) $22,180 REALCOMP
• 2012-11-28 Listing Removed — MiRealSource-MiMLS
• 2012-11-28 Listing Removed — REALCOMP
• 2012-10-29 Listed $24,000 MiRealSource-MiMLS
• 2012-10-29 Listed $24,000 REALCOMP
• 2004-02-09 Sold (Public Records) $102,000 Public Records
• 2004-01-02 Sold (MLS) $102,000 REALCOMP
• 2004-01-02 Sold (MLS) $102,000 MiRealSource-MiMLS
• 2003-12-10 Listing Removed — MiRealSource-MiMLS
• 2003-10-30 Sold (Public Records) $60,750 Public Records
• 2003-10-30 Listed $99,900 REALCOMP
• 2003-10-30 Listed $99,900 MiRealSource-MiMLS
• 2003-09-09 Sold (MLS) $60,750 MiRealSource-MiMLS
• 2003-09-09 Sold (MLS) $60,750 REALCOMP
• 2003-08-14 Listing Removed — MiRealSource-MiMLS
• 2003-06-09 Listed $79,000 MiRealSource-MiMLS
• 2003-06-09 Listed $79,000 REALCOMP
• 1992-11-20 Sold (Public Records) $44,500 Public Records

Property tax history

+1.2%/yr

Latest (2025): $2,058 · -13.6% YoY. Source: county tax records.