19650 Midway Rd · Southfield, MI 48075

$229,900

3 bd · 2.0 ba · 1,831 sqft · SingleFamily public records · 15 Days on market

Built 1968 0.55 ac lot $126/sqft · 38% above area Est $276k · 17% under

---

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).

• ARV discount +15.0/15.0
• Cash flow +14.9/30.0
• DSCR +4.5/10.0
• Rent growth +4.5/5.0
• 1% rule +4.1/10.0
• Livability +3.6/5.0
• Condition / age +2.5/5.0
• Schools +2.4/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This spacious quad-level home in Southfield offers a distinctive layout with vaulted ceilings and architectural wood beams that add timeless charm. The open living and dining space provides a comfortable flow for everyday living and entertaining. The home includes 3 bedrooms and 2 full baths, and a lower-level family room featuring a natural fireplace, offering additional living space. Key features include vinyl windows, copper plumbing, gas and electric dryer hookups, a partially finished basement, sump pump, and a full house generator for added peace of mind. The backyard is a private retreat with vibrant mature greenery and a deck off the rear - perfect for relaxing or outdoor gatherings. Additional highlights include a 2-car attached garage. This lovingly cared for home offers opportunities for some personal updates and is conveniently located near major roads, shopping, and dining. Seller has received strong interest in the property. All offers, including highest and best, are requested by Tuesday at 7:00 PM. Seller will review all offers Tuesday evening and provide a response no later than Wednesday.

Key facts

• 0.55 acre lot
• 2 garage spots
• Built 1968

Property features AI

Exterior

• Parking: Attached garage with 2 spaces
• Utilities: Water available; Sewer available
• Home design: Single-family residence; Ground-level entry with steps; One main living level above grade
• Construction: Brick construction; Block foundation; Built with above-grade finished living area and additional below-grade finished area
• Exterior features: Paved road access; Lot approximately 0.55 acres (100 x 241)

Interior

• Bathrooms: Two full bathrooms
• Heating & cooling: Natural gas heating; Radiant heating; No central cooling
• Interior features: Partially finished basement; Basement present

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $230k.

Deal economics

• At list price, monthly cash flow is $66 ($793/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $209k (9.1% below list).
• Recommended offer: $209k (9.1% below list) — sets the bar for 1% rule.
• Cap rate 6.6% vs local median 4.4% in Southfield — 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 72/100 on livability (#248 in MI) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: schools D, health & safety D, crime F.
• Southfield Public School District (urban): math 17% / reading 37% proficiency, ranked #392 of 540 in MI (top 73%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising fast (+8.1%/yr); 95 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,614 units permitted in Oakland County in 2024 (721 in 5+ unit buildings).
• This rent runs 38% of the median local income ($65k/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 $2k of loan paydown is wiped out by about $7k 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

• It's been on market 15 days — a 2% lower offer ($226k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 29y 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 $140k; list at $230k implies a 64% gain — meaningful room to come down on a strong offer.

Recommended offer $209,067 (9.1% below list)

Questions for the listing agent

1. Built in 1968 — 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: 0.91% ✗
• Cap rate: 6.64%
• Cash-on-cash: 1.23%
• DSCR: 1.05
• GRM: 9.2

CMA / ARV

• ARV (median comp): $276,206
• List price: $229,900
• Delta: -16.77%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
19871 Saxton Ave	0.30mi	3/1.5	1,799 (-2%)	1mo	$240,000	$133	80
19595 Mahon St	0.34mi	3/1.5	1,870 (+2%)	2mo	$305,000	$163	77
20072 Woodburn	0.28mi	4/2.0 (+1)	1,811 (-1%)	9mo	$255,000	$141	72
23801 Twining Dr	0.60mi	2/2.0 (-1)	1,867 (+2%)	0mo	$186,500	$100	63
19100 Dorset St	0.33mi	3/1.5	1,652 (-10%)	8mo	$275,000	$166	60
18521 Nadol Dr	0.58mi	3/3.0	1,800 (-2%)	10mo	$255,000	$142	58
20553 Vaughan St	0.70mi	3/2.0	1,918 (+5%)	3mo	$155,000	$81	57
21345 Avon Ln	0.48mi	3/1.5	1,697 (-7%)	9mo	$263,000	$155	56
20222 Westhaven Ave	0.57mi	3/1.0	2,016 (+10%)	2mo	$214,900	$107	51
21539 Avon Ln	0.43mi	4/2.0 (+1)	1,605 (-12%)	6mo	$299,900	$187	49
20930 Stahelin Rd	0.54mi	3/2.0	1,603 (-12%)	9mo	$270,000	$168	46
21315 Prescott	0.74mi	4/3.0 (+1)	2,048 (+12%)	10mo	$270,000	$132	29

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -8.9%
• Equity multiple: 0.66×
• Total profit: $-21,968
• Equity at exit: $34,279

10-year hold

• IRR: 6.2%
• Equity multiple: 1.57×
• Total profit: $36,696
• Equity at exit: $19,878

Cash invested: $64,372 (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 48075

• Rents YoY: 8.1%
• Active inventory: 95
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $2,091 medium
• Mortgage (P&I): −$1,206
• Tax from tax record: −$284 /mo · $3,410/yr
• Insurance: −$96
• HOA: −$0
• Vacancy / Maint / Mgmt: −$439
• Net cashflow: $66

Break-even live

Break-even rent $2,007

Max offer price $229,900

Occupancy floor 92%

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: $57,475
• Closing costs: $6,897
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
16500 N Park Dr Southfield, MI	1.0–3.0	1.0–2.5	1500	$2,289	$1.53	1d	1	1.20mi
20244 Oakfield St Detroit, MI	3.0	1.0	1915	$1,380	$0.72	43d	1	1.26mi
21642 Hidden Rivers Dr S #27 Southfield, MI	3.0	2.5	1354	$2,100	$1.55	43d	1	1.44mi
19816 Harlow St Detroit, MI	2.0	1.5	1704	$1,150	$0.67	17d	1	1.44mi

Listing history 6 events

1. 2026-05-14
   listed $229,900 Active 1123-char remark

   Show marketing remark (1123 chars)

   This spacious quad-level home in Southfield offers a distinctive layout with vaulted ceilings and architectural wood beams that add timeless charm. The open living and dining space provides a comfortable flow for everyday living and entertaining. The home includes 3 bedrooms and 2 full baths, and a lower-level family room featuring a natural fireplace, offering additional living space. Key features include vinyl windows, copper plumbing, gas and electric dryer hookups, a partially finished basement, sump pump, and a full house generator for added peace of mind. The backyard is a private retreat with vibrant mature greenery and a deck off the rear - perfect for relaxing or outdoor gatherings. Additional highlights include a 2-car attached garage. This lovingly cared for home offers opportunities for some personal updates and is conveniently located near major roads, shopping, and dining. Seller has received strong interest in the property. All offers, including highest and best, are requested by Tuesday at 7:00 PM. Seller will review all offers Tuesday evening and provide a response no later than Wednesday.

2. 2026-05-14
   listed $229,900 Active 1123-char remark

   Show marketing remark (1123 chars)

   This spacious quad-level home in Southfield offers a distinctive layout with vaulted ceilings and architectural wood beams that add timeless charm. The open living and dining space provides a comfortable flow for everyday living and entertaining. The home includes 3 bedrooms and 2 full baths, and a lower-level family room featuring a natural fireplace, offering additional living space. Key features include vinyl windows, copper plumbing, gas and electric dryer hookups, a partially finished basement, sump pump, and a full house generator for added peace of mind. The backyard is a private retreat with vibrant mature greenery and a deck off the rear - perfect for relaxing or outdoor gatherings. Additional highlights include a 2-car attached garage. This lovingly cared for home offers opportunities for some personal updates and is conveniently located near major roads, shopping, and dining. Seller has received strong interest in the property. All offers, including highest and best, are requested by Tuesday at 7:00 PM. Seller will review all offers Tuesday evening and provide a response no later than Wednesday.

3. 2026-05-12
   historical $229,900 1123-char remark

   Show marketing remark (1123 chars)

   This spacious quad-level home in Southfield offers a distinctive layout with vaulted ceilings and architectural wood beams that add timeless charm. The open living and dining space provides a comfortable flow for everyday living and entertaining. The home includes 3 bedrooms and 2 full baths, and a lower-level family room featuring a natural fireplace, offering additional living space. Key features include vinyl windows, copper plumbing, gas and electric dryer hookups, a partially finished basement, sump pump, and a full house generator for added peace of mind. The backyard is a private retreat with vibrant mature greenery and a deck off the rear - perfect for relaxing or outdoor gatherings. Additional highlights include a 2-car attached garage. This lovingly cared for home offers opportunities for some personal updates and is conveniently located near major roads, shopping, and dining. Seller has received strong interest in the property. All offers, including highest and best, are requested by Tuesday at 7:00 PM. Seller will review all offers Tuesday evening and provide a response no later than Wednesday.

4. 1997-10-18
   soldstatus $140,000
5. 1997-08-14
   soldstatus $140,000
6. 1997-06-13
   listed $133,500

ⓘ 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: $3,410 · $284/mo
• Projected year-2 tax: $3,475 · $290/mo
• Expected delta: +$65/yr (+$5/mo · 1.9%)

ⓘ 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 · 14 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 4/10 Moderate 3 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,088
• − Mortgage interest: −$12,878
• − Property taxes: −$3,410
• − Insurance: −$1,150
• − Repairs & maintenance: −$2,007
• − Management: −$2,007
• − Depreciation: −$6,688
• Taxable loss: −$3,051
• Est. tax savings @ 24.0%: +$732
• After-tax cash flow: $1,525/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: Southfield Public School District
• NCES district ID: 2632310
• Math proficiency: 17% ▼ -3.00%
• Reading proficiency: 37% ▲ 1.00%
• Median HH income: $51,400
• Composite: 23.77/100
• National rank: #7814
• State rank: #392 of 540 in MI

Livability — Southfield

• Score: 72/100
• State rank: #248
• US rank: #6175

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Southfield, MI
• County: Oakland County · 1,009,092 people
• City population: 54,914
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 22,841
• Household income: $65,384
• Rent vs Own: 38.4% rent · 61.6% own
• Severe rent burden: 1336.0

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: Majority Black (65%)
• Race & ethnicity: Black 65% White 26% Two or more races 7% Hispanic / Latino 1%
• Common ancestry: Romanian 2% Scotch-Irish 2% Subsaharan African 1%
• Foreign-born: 4% · Canada
• Languages at home: 94% English-only · Russian/Polish/Slavic 1% Spanish 1% German/W. Germanic 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: ▼ -209.20%
• Current HPI: 190.3275
• Rent YoY: ▲ 8.06%
• 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

+72.2% since first listed

10 events — show timeline

• 2026-05-28 Pending — MiRealSource-MiMLS
• 2026-05-28 Pending — REALCOMP
• 2026-05-21 Contingent — MiRealSource-MiMLS
• 2026-05-21 Contingent — REALCOMP
• 2026-05-14 Listed $229,900 MiRealSource-MiMLS
• 2026-05-14 Listed $229,900 REALCOMP
• 2026-05-12 Coming Soon $229,900 MiRealSource-MiMLS
• 1997-10-18 Sold (MLS) $140,000 REALCOMP
• 1997-08-14 Sold (Public Records) $140,000 Public Records
• 1997-06-13 Listed $133,500 REALCOMP

Property tax history

+2.0%/yr

Latest (2025): $3,410 · +1.0% YoY. Source: county tax records.