1000 E Madge Ave · Hazel Park, MI 48030

$147,900

3 bd · 1.0 ba · 1,017 sqft · SingleFamily public records · 5 Days on market

Built 1955 6,098 sqft lot Est $155k · at est.

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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 +19.5/30.0
• ARV discount +9.4/15.0
• DSCR +6.2/10.0
• 1% rule +5.9/10.0
• Livability +4.0/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Schools +1.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to this charming 3-bedroom ranch offering a spacious and functional layout with a great floor plan that makes everyday living comfortable and convenient. The generous living room features soaring cathedral ceilings ranging from approximately 10 to 14 feet, creating an open and airy feel. Updated windows throughout the home allow for an abundance of natural light, filling the living spaces with warmth and making the home feel bright and inviting all day long. The home offers a large kitchen with luxury vinyl flooring, ample cabinet space, and an adjoining dining area perfect for everyday living and entertaining. Enjoy easy access to the city's growing downtown, filled with popular restaurants, coffee shops, breweries, and local businesses. Commuters will appreciate quick access to major highways, making travel north to Troy and Oakland County or south to downtown Detroit a breeze. Sports fans and entertainment lovers will love being just approximately 15 minutes from Little Caesars Arena, Ford Field, Comerica Park, Eastern Market, and the scenic Detroit Riverwalk. Additional features include a spacious one-and-a-half-car attached garage with extra room for storage, hobbies, or workshop space, as well as a detached garage/workshop in the backyard.

Key facts

• Updated windows
• Cathedral ceilings
• Large kitchen

Tags

• SPACIOUS LIVING ROOM
• CATHEDRAL CEILINGS
• UPDATED WINDOWS
• LARGE KITCHEN
• AMPLE CABINET SPACE
• ADJOINING DINING AREA

Property features AI

Finance

• Other: Property type: Residential; Property subtype: Single Family Residence
• HOA & community: Sidewalks

Exterior

• Parking: Detached garage; 1.5 garage spaces
• Security: Smoke detector(s)
• Utilities: Public water; Public sewer
• Home design: Single family residence; One story; Ground-level entry; Vinyl siding; Faces front
• Construction: Built with vinyl siding; Asphalt roof; Slab foundation
• Exterior features: Covered patio and porch; Porch; Patio; Exterior lighting; Back yard fencing (fenced); Corner lot; Paved road

Interior

• Kitchen: Free‑standing electric oven; Range hood; Free‑standing refrigerator
• Bedrooms: Total rooms: 6
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); Ceiling fan cooling; No central air
• Interior features: Unfurnished; Awning(s); Interior lighting (ceiling fans)
• Laundry & utility: Washer; Dryer; Gas water heater; Laundry: Other

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $148k.

Deal economics

• At list price, monthly cash flow is $168 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $148k).
• Cap rate 7.7% vs local median 6.3% in Hazel Park — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 81/100 on livability (#65 in MI, #1,385 nationally) — a professional / high-income tenant draw. Strengths: commute A+, cost of living A+, housing A+; Watch: employment D+, schools D.
• Hazel Park School District (suburban): math 10% / reading 24% proficiency, ranked #490 of 540 in MI (top 91%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 70% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+2.9%/yr); 141 active listings in the ZIP; 34 comparable units currently listed for rent nearby; rentals at typical pace (median 23d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $1k of loan paydown is wiped out by about $4k 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 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 16 sale attempts since 21y 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 $59k; list at $148k implies a 151% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $147,900

Questions for the listing agent

1. Built in 1955 — 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. 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: 1.09% ✓
• Cap rate: 7.66%
• Cash-on-cash: 4.88%
• DSCR: 1.22
• GRM: 7.7

CMA / ARV

• ARV (on-the-fly): $154,584
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1218 E Milton Ave	0.29mi	3/1.0	1,021 (+0%)	1mo	$155,000	$152	85
720 E Robert Ave	0.35mi	3/1.0	1,056 (+4%)	2mo	$150,000	$142	76
1107 E Muir Ave	0.40mi	3/1.0	1,081 (+6%)	1mo	$147,900	$137	70
21330 Caledonia Ave	0.19mi	3/1.5	898 (-12%)	1mo	$175,000	$195	69
23036 Couzens Ave	0.58mi	3/1.0	973 (-4%)	1mo	$215,000	$221	65
1032 E Maxlow Ave	0.11mi	2/1.5 (-1)	867 (-15%)	1mo	$185,000	$213	63
1644 E Goulson Ave	0.58mi	3/1.0	952 (-6%)	0mo	$139,950	$147	62
145 W Bernhard Ave	0.62mi	2/1.0 (-1)	968 (-5%)	2mo	$60,000	$62	56
1727 E Elza Ave	0.46mi	3/2.0	1,123 (+10%)	1mo	$185,000	$165	56
23067 Hazelwood Ave	0.64mi	3/1.0	918 (-10%)	1mo	$120,000	$131	53
20401 Greeley St	0.68mi	3/1.0	928 (-9%)	1mo	$55,000	$59	53
23109 Harding Ave	0.65mi	3/1.0	1,166 (+15%)	1mo	$210,000	$180	44

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 · 2.9% rent growth · sell at horizon

5-year hold

• IRR: -8.8%
• Equity multiple: 0.68×
• Total profit: $-13,327
• Equity at exit: $22,052

10-year hold

• IRR: 0.6%
• Equity multiple: 1.04×
• Total profit: $1,841
• Equity at exit: $12,788

Cash invested: $41,412 (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 48030

• Rents YoY: 2.9%
• Active inventory: 141
• Price-to-rent: 7.7×

Monthly cashflow live

• Estimated rent: $1,605 high
• Mortgage (P&I): −$776
• Tax from tax record: −$262 /mo · $3,145/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$337
• Net cashflow: $168

Break-even live

Break-even rent $1,392

Max offer price $147,900

Occupancy floor 84%

Sensitivity live

Price	-10% $252	-5% $210	+0% $168	+5% $127	+10% $85
Rent	-10% $42	-5% $105	+0% $168	+5% $232	+10% $295
Rate	-1.0pp $243	-0.5pp $206	base $168	+0.5pp $130	+1.0pp $91

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: $36,975
• Closing costs: $4,437
• Reserves months: —
• Total cash needed: —

Rent comps 34 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1326 E Evelyn Ave Unit 1032332P Hazel Park, MI	3.0	2.0	1097	$6,364	$5.80	0d	1	0.17mi
1211 E Bernhard Ave Hazel Park, MI	2.0	1.0	721	$1,500	$2.08	25d	1	0.22mi
1019 E Hayes Ave Unit 1032331P Hazel Park, MI	3.0	1.0	1033	$5,301	$5.13	2d	1	0.29mi
1621 E Evelyn Ave Hazel Park, MI	2.0	1.0	749	$1,295	$1.73	19d	1	0.35mi
429 E Milton Ave Hazel Park, MI	3.0	2.0	1075	$1,595	$1.48	0d	1	0.41mi
1301 E Muir Ave Hazel Park, MI	3.0	2.0	1236	$1,600	$1.29	23d	1	0.43mi
407 E Hayes Ave Hazel Park, MI	3.0	1.0	1000	$1,750	$1.75	25d	1	0.46mi
1731 E Pearl Ave Hazel Park, MI	3.0	1.0	844	$1,500	$1.78	21d	1	0.50mi
90 W Meyers Ave Hazel Park, MI	2.0	1.0	831	$1,800	$2.17	25d	1	0.58mi
21516 Dequindre Rd Warren, MI	1.0–2.0	1.0	837	$1,375	$1.64	23d	1	0.60mi
23115 Tawas Ave Hazel Park, MI	2.0	1.0	706	$1,375	$1.95	25d	1	0.67mi
2034 John B Ave Warren, MI	3.0	1.0	920	$1,261	$1.37	44d	1	0.72mi
23077 Davey Ave Hazel Park, MI	3.0	1.0	933	$1,895	$2.03	25d	1	0.73mi
155 W George Ave Hazel Park, MI	2.0	1.0	725	$1,000	$1.38	25d	1	0.73mi
23345 Tawas Ave Hazel Park, MI	3.0	1.0	1000	$1,550	$1.55	12d	1	0.76mi
266 W Goulson Ave Hazel Park, MI	3.0	1.0	942	$1,600	$1.70	23d	1	0.78mi
23400 Reynolds Ave Hazel Park, MI	3.0	1.0	1305	$1,900	$1.46	6d	1	0.84mi
1561 E Webster St Ferndale, MI	2.0	1.0	939	$1,600	$1.70	25d	1	0.90mi
21155 Warner Ave Warren, MI	2.0	1.0	756	$1,029	$1.36	25d	1	0.90mi
2023 Ardmore Dr Ferndale, MI	2.0	1.0	771	$1,250	$1.62	25d	1	0.92mi
1820 E Troy St Ferndale, MI	3.0	1.0	1167	$1,500	$1.29	6d	1	1.05mi
1045 E Woodward Heights Blvd Hazel Park, MI	1.0–2.0	1.0	715	$1,209	$1.69	25d	3	1.05mi
1770 E Woodward Heights Blvd Hazel Park, MI	2.0	1.0	850	$1,525	$1.79	13d	1	1.10mi
1770 E Woodward Heights Blvd Hazel Park, MI	1.0–2.0	1.0	712	$1,400	$1.96	6d	1	1.10mi
1770 E Woodward Heights Blvd Unit E3 Hazel Park, MI	2.0	1.0	850	$1,300	$1.53	25d	1	1.10mi
19703 Keating St Highland Park, MI	3.0	1.0	1000	$1,200	$1.20	17d	1	1.11mi
322 Jeff Keeton Dr Hazel Park, MI	2.0	2.5	1334	$2,350	$1.76	0d	1	1.13mi
2709 Capitol Ave Warren, MI	3.0	2.0	1056	$1,649	$1.56	44d	1	1.17mi
19995 Goddard St Detroit, MI	4.0	1.0	1292	$1,400	$1.08	23d	1	1.18mi
20255 Harned St Detroit, MI	3.0	1.0	1000	$1,374	$1.37	17d	1	1.19mi
790 Jewell St Ferndale, MI	2.0	1.0	800	$1,445	$1.81	25d	1	1.28mi
691 E Mapledale Ave Hazel Park, MI	2.0	1.0	1333	$1,500	$1.13	12d	1	1.30mi
959 E Shevlin Ave Hazel Park, MI	3.0	1.0	1419	$1,750	$1.23	15d	1	1.34mi
2420 Woodward Hts Ferndale, MI	3.0	1.0	1316	$2,200	$1.67	25d	1	1.36mi

Listing history 5 events

1. 2026-06-07
   statusdays on market $147,900 Pending 5 DOM
2. 2026-06-04
   days on market $147,900 Active 3 DOM
3. 2026-06-03
   days on market $147,900 Active 2 DOM
4. 2026-06-01
   remarks 693-char remark

   Show marketing remark (1278 chars)

   Welcome home to this charming 3-bedroom ranch offering a spacious and functional layout with a great floor plan that makes everyday living comfortable and convenient. The generous living room features soaring cathedral ceilings ranging from approximately 10 to 14 feet, creating an open and airy feel. Updated windows throughout the home allow for an abundance of natural light, filling the living spaces with warmth and making the home feel bright and inviting all day long. The home offers a large kitchen with luxury vinyl flooring, ample cabinet space, and an adjoining dining area perfect for everyday living and entertaining. Enjoy easy access to the city's growing downtown, filled with popular restaurants, coffee shops, breweries, and local businesses. Commuters will appreciate quick access to major highways, making travel north to Troy and Oakland County or south to downtown Detroit a breeze. Sports fans and entertainment lovers will love being just approximately 15 minutes from Little Caesars Arena, Ford Field, Comerica Park, Eastern Market, and the scenic Detroit Riverwalk. Additional features include a spacious one-and-a-half-car attached garage with extra room for storage, hobbies, or workshop space, as well as a detached garage/workshop in the backyard.

5. 2026-06-01
   listed $147,900 Active 1 DOM

   Show marketing remark (1278 chars)

   Welcome home to this charming 3-bedroom ranch offering a spacious and functional layout with a great floor plan that makes everyday living comfortable and convenient. The generous living room features soaring cathedral ceilings ranging from approximately 10 to 14 feet, creating an open and airy feel. Updated windows throughout the home allow for an abundance of natural light, filling the living spaces with warmth and making the home feel bright and inviting all day long. The home offers a large kitchen with luxury vinyl flooring, ample cabinet space, and an adjoining dining area perfect for everyday living and entertaining. Enjoy easy access to the city's growing downtown, filled with popular restaurants, coffee shops, breweries, and local businesses. Commuters will appreciate quick access to major highways, making travel north to Troy and Oakland County or south to downtown Detroit a breeze. Sports fans and entertainment lovers will love being just approximately 15 minutes from Little Caesars Arena, Ford Field, Comerica Park, Eastern Market, and the scenic Detroit Riverwalk. Additional features include a spacious one-and-a-half-car attached garage with extra room for storage, hobbies, or workshop space, as well as a detached garage/workshop in the backyard.

ⓘ 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: $3,145 · $262/mo
• Projected year-2 tax: $3,145 · $262/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 2/10 Low 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: $19,257
• − Mortgage interest: −$8,285
• − Property taxes: −$3,145
• − Insurance: −$740
• − Repairs & maintenance: −$1,541
• − Management: −$1,541
• − Depreciation: −$4,303
• Taxable loss: −$296
• Est. tax savings @ 24.0%: +$71
• After-tax cash flow: $2,092/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: Hazel Park School District
• NCES district ID: 2618030
• Math proficiency: 10% ▼ -2.00%
• Reading proficiency: 24% ▲ 1.00%
• Median HH income: $36,181
• Composite: 14.05/100
• National rank: #9466
• State rank: #490 of 540 in MI

Livability — Hazel Park

• Score: 81/100
• State rank: #65
• US rank: #1385

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Hazel Park, MI
• County: Oakland County · 1,009,092 people
• City population: 14,963
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 14,963
• Household income: $67,073
• Rent vs Own: 33.9% rent · 66.1% own
• Severe rent burden: 432.0

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 (74%)
• Race & ethnicity: White 74% Two or more races 10% Black 10% Hispanic / Latino 6% Asian 1%
• Hispanic origin (detail): Mexican 3% Puerto Rican 2%
• Common ancestry: Romanian 11% Slovak 3% Lithuanian 2%
• Foreign-born: 5% · Canada
• Languages at home: 92% English-only · Spanish 5% Arabic 1% 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: ▼ -184.32%
• Current HPI: 285.5923
• Rent YoY: ▲ 2.90%
• 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

+322.6% since first listed

31 events — show timeline

• 2026-06-01 Listed $147,900 REALCOMP
• 2026-06-01 Listed $147,900 MiRealSource-MiMLS
• 2018-02-13 Sold (Public Records) $59,000 Public Records
• 2018-02-09 Sold (MLS) $59,000 MiRealSource-MiMLS
• 2018-02-09 Sold (MLS) $59,000 REALCOMP
• 2018-01-29 Pending — MiRealSource-MiMLS
• 2018-01-29 Pending — REALCOMP
• 2018-01-24 Listed $65,000 MiRealSource-MiMLS
• 2018-01-24 Listed $65,000 REALCOMP
• 2007-08-21 Listing Removed — MiRealSource-MiMLS
• 2007-07-09 Listing Removed — MiRealSource-MiMLS
• 2007-07-09 Listing Removed — MiRealSource-MiMLS
• 2006-08-21 Listed $99,900 REALCOMP
• 2006-08-21 Listed $99,900 MiRealSource-MiMLS
• 2006-08-21 Listed $99,900 MiRealSource-MiMLS
• 2006-08-21 Listed $99,900 MiRealSource-MiMLS
• 2006-07-10 Listing Removed — MiRealSource-MiMLS
• 2006-07-10 Listing Removed — MiRealSource-MiMLS
• 2006-07-10 Listing Removed — MiRealSource-MiMLS
• 2006-01-13 Listed $94,900 REALCOMP
• 2006-01-13 Listed $94,900 MiRealSource-MiMLS
• 2006-01-13 Listed $94,900 MiRealSource-MiMLS
• 2006-01-13 Listed $94,900 MiRealSource-MiMLS
• 2006-01-12 Listing Removed — MiRealSource-MiMLS
• 2006-01-12 Listing Removed — MiRealSource-MiMLS
• 2006-01-12 Listing Removed — MiRealSource-MiMLS
• 2005-07-29 Listed $98,000 REALCOMP
• 2005-07-29 Listed $98,000 MiRealSource-MiMLS
• 2005-07-29 Listed $98,000 MiRealSource-MiMLS
• 2005-07-29 Listed $98,000 MiRealSource-MiMLS
• 1994-07-28 Sold (Public Records) $35,000 Public Records

Property tax history

+5.8%/yr

Latest (2025): $3,145 · +2.1% YoY. Source: county tax records.