29649 Cambridge Ct · Chesterfield, MI 48051

$72,900

3 bd · 2.0 ba · 1,152 sqft · Manufactured · 301 Days on market

Built 2025 Excellent condition $63/sqft · 50% below area

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Condition / age +5.0/5.0
• Schools +3.6/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautifully designed yet affordable, this brand new home in Carraige Way offers style, comfort, and great value. Take advantage of a limited time incentive with free applications and first month site rent. This three bedroom, two bathroom home has 1152 square feet and an open floor plan that makes the living room, kitchen, and dining area feel bright and connected. The kitchen features white cabinets, black appliances, and modern finishes. Large windows bring in natural light and make the space feel open and welcoming. The primary bedroom is on one end of the home with its own bathroom for added privacy. The other bedrooms are on the opposite side, giving you extra space and flexibility. This home includes central air, energy efficient features, a private driveway, and a storage shed. Located in the Carraige Way community, this pet friendly home offers a quiet setting close to everyday needs. Homes like this go fast. Schedule your showing today. "Photographs may be digitally stage for illustration purposes. Actual property may differ. Prospective residents should verify information to their own satisfaction. Contact our location for clarification and viewing arrangements. "

Key facts

• Open floor plan
• Clubhouse
• Swimming pool

Tags

• ENERGY EFFICIENT
• OPEN FLOOR PLAN
• CENTRAL AIR
• MOVE IN READY
• CLUBHOUSE
• SWIMMING POOL

🏷️ Possibly a rental listed for sale. The $72,900 price doesn't fit this home's estimated sale value (~$146,282) and the remarks read like a rental — treat the cards below with caution.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $73k. Condition is rated excellent.

Deal economics

• At list price, monthly cash flow is $702 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $73k).
• Recommended offer: $64k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• L'Anse Creuse Public Schools (suburban): math 31% / reading 51% proficiency, ranked #184 of 540 in MI (top 34%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 140 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals leasing fast (median 5d on market — plan ~1-2 weeks tenant-placement turnaround); 1,321 units permitted in Macomb County in 2024 (86 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $504 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Macomb County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $20k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 301 days — a 12% lower offer ($64k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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.

Recommended offer $64,152 (12.0% below list)

Questions for the listing agent

1. It's been on market 301 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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.
5. 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.
6. 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: 2.09% ✓
• Cap rate: 17.85%
• Cash-on-cash: 41.29%
• DSCR: 2.84
• GRM: 4.0

CMA / ARV

• ARV (median comp): $146,282
• List price: $72,900
• Delta: -50.16%
• Verdict: UNDERPRICED
• Comps: 1 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 37.9%
• Equity multiple: 2.61×
• Total profit: $32,944
• Equity at exit: $10,870

10-year hold

• IRR: 44.4%
• Equity multiple: 5.23×
• Total profit: $86,382
• Equity at exit: $6,303

Cash invested: $20,412 (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 48051

• Home prices YoY: -31.8%
• Active inventory: 140
• Price-to-rent: 4.0×

Monthly cashflow live

• Estimated rent: $1,527 high
• Mortgage (P&I): −$382
• Tax est. 1.5%: −$91 /mo · $1,094/yr
• Insurance: −$30
• HOA: −$0
• Vacancy / Maint / Mgmt: −$321
• Net cashflow: $702

Break-even live

Break-even rent $638

Max offer price $72,900

Occupancy floor 49%

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: $18,225
• Closing costs: $2,187
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
52758 S Yorktown Ct Unit 176 New Baltimore, MI	2.0	2.0	960	$1,449	$1.51	1d	1	0.02mi
29649 Cambridge Ct Unit 256 New Baltimore, MI	3.0	2.0	1152	$1,579	$1.37	1d	1	0.03mi
52871 N Zacharias Ct Unit 161 Chesterfield, MI	3.0	2.0	1152	$1,519	$1.32	1d	1	0.06mi
52962 N Yorktown Ct Unit 168 Chesterfield, MI	3.0	2.0	1056	$1,519	$1.44	1d	1	0.06mi
52792 S Zacharias Ct Unit 151 Chesterfield, MI	3.0	2.0	1056	$1,479	$1.40	1d	1	0.07mi
52780 S Zacharias Ct Unit 152 Chesterfield, MI	3.0	2.0	1056	$1,499	$1.42	1d	1	0.07mi
52705 Van Buren Dr Unit 297 Chesterfield, MI	3.0	2.0	1056	$1,479	$1.40	1d	1	0.09mi
29810 W Essex Ct Unit 107 New Baltimore, MI	3.0	2.0	1056	$1,439	$1.36	5d	1	0.10mi
29778 W Essex Ct Unit 109 New Baltimore, MI	3.0	2.0	1056	$1,469	$1.39	43d	1	0.11mi
29811 W Essex Ct Unit 114 New Baltimore, MI	3.0	2.0	1456	$1,729	$1.19	43d	1	0.12mi
52436 Winston Ct Unit 209 Chesterfield, MI	3.0	2.0	1056	$1,479	$1.40	43d	1	0.17mi
29909 Flushing Dr Unit 71 New Baltimore, MI	3.0	2.0	1440	$1,669	$1.16	16d	1	0.22mi
29805 Jamestown Dr Unit 435 New Baltimore, MI	3.0	2.0	1344	$1,739	$1.29	1d	1	0.35mi
29890 Donna Ln New Baltimore, MI	2.0	1.5	1120	$1,500	$1.34	1d	1	0.75mi
28346 Adler Park Dr S #246 Chesterfield, MI	2.0	2.0	1332	$1,750	$1.31	43d	1	0.86mi
28218 S Pointe Ln New Baltimore, MI	2.0	2.0	1427	$1,850	$1.30	5d	1	0.92mi
28218 S Pointe Ln New Baltimore, MI	2.0	2.0	1425	$2,100	$1.47	24d	1	0.92mi
50450 Bay Run N #50 Chesterfield, MI	2.0	1.5	1200	$1,500	$1.25	17d	1	1.15mi
28123 23 Mile Rd New Baltimore, MI	1.0–2.0	1.0	800	$1,059	$1.32	1d	5	1.16mi
50031 S Benny Ct New Baltimore, MI	2.0	1.0	1056	$1,450	$1.37	43d	1	1.44mi

Listing history 17 events

1. 2026-06-18
   days on market $72,900 Active 301 DOM
2. 2026-06-17
   days on market $72,900 Active 300 DOM
3. 2026-06-16
   days on market $72,900 Active 299 DOM
4. 2026-06-15
   days on market $72,900 Active 298 DOM
5. 2026-06-13
   days on market $72,900 Active 296 DOM
6. 2026-06-13
   days on market $72,900 Active 295 DOM
7. 2026-06-09
   days on market $72,900 Active 292 DOM
8. 2026-06-08
   days on market $72,900 Active 291 DOM
9. 2026-06-07
   days on market $72,900 Active 290 DOM
10. 2026-06-04
    days on market $72,900 Active 287 DOM
11. 2026-06-03
    days on market $72,900 Active 286 DOM
12. 2026-06-02
    days on market $72,900 Active 285 DOM
13. 2026-06-01
    days on market $72,900 Active 284 DOM
14. 2026-05-31
    days on market $72,900 Active 283 DOM
15. 2025-10-31
    status Active 1202-char remark

    Show marketing remark (1202 chars)

    Beautifully designed yet affordable, this brand new home in Carraige Way offers style, comfort, and great value. Take advantage of a limited time incentive with free applications and first month site rent. This three bedroom, two bathroom home has 1152 square feet and an open floor plan that makes the living room, kitchen, and dining area feel bright and connected. The kitchen features white cabinets, black appliances, and modern finishes. Large windows bring in natural light and make the space feel open and welcoming. The primary bedroom is on one end of the home with its own bathroom for added privacy. The other bedrooms are on the opposite side, giving you extra space and flexibility. This home includes central air, energy efficient features, a private driveway, and a storage shed. Located in the Carraige Way community, this pet friendly home offers a quiet setting close to everyday needs. Homes like this go fast. Schedule your showing today. "Photographs may be digitally stage for illustration purposes. Actual property may differ. Prospective residents should verify information to their own satisfaction. Contact our location for clarification and viewing arrangements. "

16. 2025-10-31
    historical 1202-char remark

    Show marketing remark (1202 chars)

    Beautifully designed yet affordable, this brand new home in Carraige Way offers style, comfort, and great value. Take advantage of a limited time incentive with free applications and first month site rent. This three bedroom, two bathroom home has 1152 square feet and an open floor plan that makes the living room, kitchen, and dining area feel bright and connected. The kitchen features white cabinets, black appliances, and modern finishes. Large windows bring in natural light and make the space feel open and welcoming. The primary bedroom is on one end of the home with its own bathroom for added privacy. The other bedrooms are on the opposite side, giving you extra space and flexibility. This home includes central air, energy efficient features, a private driveway, and a storage shed. Located in the Carraige Way community, this pet friendly home offers a quiet setting close to everyday needs. Homes like this go fast. Schedule your showing today. "Photographs may be digitally stage for illustration purposes. Actual property may differ. Prospective residents should verify information to their own satisfaction. Contact our location for clarification and viewing arrangements. "

17. 2025-08-20
    listed $72,900 Active 1202-char remark

    Show marketing remark (1202 chars)

    Beautifully designed yet affordable, this brand new home in Carraige Way offers style, comfort, and great value. Take advantage of a limited time incentive with free applications and first month site rent. This three bedroom, two bathroom home has 1152 square feet and an open floor plan that makes the living room, kitchen, and dining area feel bright and connected. The kitchen features white cabinets, black appliances, and modern finishes. Large windows bring in natural light and make the space feel open and welcoming. The primary bedroom is on one end of the home with its own bathroom for added privacy. The other bedrooms are on the opposite side, giving you extra space and flexibility. This home includes central air, energy efficient features, a private driveway, and a storage shed. Located in the Carraige Way community, this pet friendly home offers a quiet setting close to everyday needs. Homes like this go fast. Schedule your showing today. "Photographs may be digitally stage for illustration purposes. Actual property may differ. Prospective residents should verify information to their own satisfaction. Contact our location for clarification and viewing arrangements. "

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Taxation est. · year 1

• Rental income: $18,321
• − Mortgage interest: −$4,084
• − Property taxes: −$1,094
• − Insurance: −$364
• − Repairs & maintenance: −$1,466
• − Management: −$1,466
• − Depreciation: −$2,121
• Taxable income: $7,728
• Est. tax owed @ 24.0%: −$1,855
• After-tax cash flow: $6,574/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.

Condition & rehab AI · 13 photos

Excellent 100/100 None rehab

This brand new, move-in-ready manufactured home offers style, comfort, and great value. It's in excellent condition with no visible repairs needed.

Value-add opportunities

• Resale Painting the exterior — Enhances curb appeal
• Resale Landscaping the front yard — Improves curb appeal
• Both Adding a front porch — Enhances both curb appeal and rental value

Renovation cost estimate screening

Value-add ROI direction

• Resale Painting the exterior — Enhances curb appeal ↑
• Resale Landscaping the front yard — Improves curb appeal ↑
• Both Adding a front porch — Enhances both curb appeal and rental value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: L'Anse Creuse Public Schools
• NCES district ID: 2621870
• Math proficiency: 31% ▼ -8.00%
• Reading proficiency: 51% ▼ -2.00%
• Median HH income: $57,757
• Composite: 35.99/100
• National rank: #4790
• State rank: #184 of 540 in MI

Livability — Chesterfield

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• City population: 40,302
• Population (ZIP): 17,716

Population outlook (Macomb County) Hauer SSP2

• Today (2025): 925,296 people
• By 2030: 948,226 · +2.5%
• By 2040: 983,961 · +6.3%
• By 2050: 1,010,200 · +9.2%
• By 2075: 1,076,222 · +16.3%
• By 2100: 1,077,065 · +16.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (79%)
• Race & ethnicity: White 79% Black 8% Two or more races 7% Hispanic / Latino 5%
• Common ancestry: Romanian 18% Lithuanian 5% Slovak 1%
• Foreign-born: 4% · Canada
• Languages at home: 94% English-only · Spanish 4% Other Indo-European 1%

Political lean MEDSL · Macomb

• 2024 margin: R (+13.7) · D 42.2% · R 55.9% · Other 1.9%
• 2008→2024 swing: -22.3pp toward R · 2008: 8.6pp · 2024: -13.7pp
• All cycles: 2024: R+13.7 2020: R+8.1 2016: R+11.6 2012: D+4.0 2008: D+8.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -98.06%
• Current HPI: 210.6017
• Rent YoY: —
• Metro: —
• 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

3 events — show timeline

• 2025-10-31 Relisted — Zillow
• 2025-10-31 Delisted — Zillow
• 2025-08-20 Listed $72,900 Zillow