2120 Wrenson St · Ferndale, MI
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $784 – $1,456
Heat risk 3/10 · Minor
- Hot days now (above 97°F)
- 7 days/yr
- Hot days in 30 yrs
- 15 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 3 days/yr
- Unhealthy air days in 30 yrs
- 5 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the D 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 +15.5/30.0
- ARV discount +6.5/15.0
- DSCR +4.8/10.0
- Livability +4.5/5.0
- Rent growth +4.1/5.0
- 1% rule +3.3/10.0
- Condition / age +2.5/5.0
- Schools +1.4/10.0
- Appreciation +0.0/10.0
$219,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Completely renovated from top to bottom, this Ferndale ranch blends modern style with quality craftsmanship. Inside, you'll find an open layout with light wood flooring, bold black trim, and a cozy fireplace that sets the tone for the home. The brand-new kitchen features white shaker cabinets, quartz countertops, matte black fixtures, and updated lighting. The fully finished basement adds valuable living space with new carpet, a wet bar, and plenty of storage. Beyond the cosmetics, every major system has been updated: new roof, new furnace, plumbing, electrical service, windows, insulation, concrete, and fresh sod. Located just minutes from Downtown Ferndale, this home offers low-maintenance living with nothing left to do but move in and enjoy.
Key facts
- 4,356 sq ft lot
- Built 1923
- Listed 31 days
Property features AI
Finance
- Other: Residential property in the FORDMOUNT PARK subdivision
Exterior
- Parking: No garage
- Utilities: Public water; Public sewer
- Home design: Single-family residence; One level; Ground-level entry with steps; Aluminum and vinyl siding
- Construction: Block foundation; Asphalt roof; Built with aluminum siding and vinyl siding
- Exterior features: Enclosed porch; Porch; Paved road access; Lot approximately 0.1 acre (40 x 111.29)
Interior
- Bedrooms: Total of 5 rooms (includes bedrooms and living areas)
- Bathrooms: 1 full bathroom
- Heating & cooling: Forced air heating; Natural gas heating; No cooling
- Interior features: Unfurnished; Wood-burning fireplace in the family room; Finished basement
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath single-family listed at $219k.
Deal economics
- At list price, monthly cash flow is $87 ($1k/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 $182k (16.7% below list).
- Recommended offer: $182k (16.7% below list) — sets the bar for 1% rule.
- Cap rate 6.8% vs local median 4.5% in Ferndale — 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 90/100 on livability (#8 in MI, #103 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, employment A+.
- 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.
- Zoned schools: Hazel Park Junior High School (math 11% / reading 30%, grade F, #418 of 493 statewide, top 85%, 430 students, 78% FRL); Hazel Park High School (math 12% / reading 27%, grade F, #622 of 713 statewide, top 88%, 587 students, 73% FRL).
- Market conditions: Rents rising fast (+6.2%/yr); 179 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 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 $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 31 days — a 3% lower offer ($212k) is reasonable based on typical stale-listing flexibility.
- 14 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.
- Current owner paid $84k; list at $219k implies a 161% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: built in 1923 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 31 days. Have you received any prior offers? Is the seller open to a 17% concession, seller financing, or rate buy-down credit?
- Built in 1923 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
- 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.
- 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.
- 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
- 0.83% ✗
- Cap rate
- 6.77%
- Cash-on-cash
- 1.71%
- DSCR
- 1.08
- GRM
- 10.0
CMA / ARV
- ARV (on-the-fly)
- $214,434
- Comps found
- 12
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 2157 Symes St | 0.18mi | 3/1.0 | 1,033 (+1%) | 2mo | $204,000 | $197 | 88 |
| 2146 Martin Rd | 0.06mi | 3/1.0 | 1,077 (+5%) | 3mo | $195,000 | $181 | 87 |
| 2105 Manatee Ave | 0.16mi | 3/1.0 | 961 (-6%) | 3mo | $200,000 | $208 | 80 |
| 2171 Chestnut St | 0.21mi | 3/1.0 | 967 (-6%) | 2mo | $240,000 | $248 | 79 |
| 2000 Moorhouse St | 0.42mi | 2/1.0 (-1) | 998 (-3%) | 1mo | $132,500 | $133 | 70 |
| 1130 E Breckenridge St | 0.39mi | 2/1.0 (-1) | 1,062 (+4%) | 2mo | $135,000 | $127 | 69 |
| 1851 Moorhouse St | 0.48mi | 2/2.0 (-1) | 1,024 (-0%) | 2mo | $252,500 | $247 | 66 |
| 1220 Orchard St | 0.39mi | 3/1.0 | 928 (-10%) | 1mo | $269,900 | $291 | 65 |
| 23448 Easterling Ave | 0.64mi | 3/1.0 | 1,000 (-2%) | 1mo | $169,405 | $169 | 65 |
| 2140 Garfield St | 0.51mi | 2/1.0 (-1) | 1,054 (+3%) | 3mo | $220,000 | $209 | 64 |
| 1516 Browning St | 0.60mi | 4/1.0 (+1) | 1,072 (+4%) | 1mo | $275,000 | $257 | 59 |
| 352 E Goulson Ave | 0.71mi | 2/1.0 (-1) | 924 (-10%) | 2mo | $216,000 | $234 | 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 · 6.24% rent growth · sell at horizon
- IRR
- -10.4%
- Equity multiple
- 0.61×
- Total profit
- $-23,854
- Equity at exit
- $32,654
- IRR
- 2.6%
- Equity multiple
- 1.21×
- Total profit
- $13,042
- Equity at exit
- $18,935
Cash invested: $61,320 (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
ZIP-level market 48220
- Rents YoY
- 6.2%
- Active inventory
- 179
- Price-to-rent
- 10.0×
Monthly cashflow live
- Estimated rent
- $1,825 high interval (Pro) →
- Mortgage (P&I)
- −$1,148
- Tax from tax record
- −$114 /mo · $1,373/yr
- Insurance
- −$91
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$383
- Net cashflow
- $87
Break-even live
Sensitivity live
| Price | -10% $211 | -5% $149 | +0% $87 | +5% $25 | +10% $-37 |
|---|---|---|---|---|---|
| Rent | -10% $-57 | -5% $15 | +0% $87 | +5% $159 | +10% $231 |
| Rate | -1.0pp $198 | -0.5pp $143 | base $87 | +0.5pp $31 | +1.0pp $-27 |
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
- $54,750
- Closing costs
- $6,570
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 40 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 2033 Wrenson St Ferndale, MI | 3.0 | 1.0 | 816 | $1,675 | $2.05 | 0d | 1 | 0.03mi |
| 1820 E Troy St Ferndale, MI | 3.0 | 1.0 | 1167 | $1,500 | $1.29 | 6d | 1 | 0.27mi |
| 2420 Woodward Hts Ferndale, MI | 3.0 | 1.0 | 1316 | $2,200 | $1.67 | 26d | 1 | 0.31mi |
| 2023 Ardmore Dr Ferndale, MI | 2.0 | 1.0 | 771 | $1,250 | $1.62 | 26d | 1 | 0.38mi |
| 266 W Goulson Ave Hazel Park, MI | 3.0 | 1.0 | 942 | $1,600 | $1.70 | 23d | 1 | 0.45mi |
| 2215 Browning St Ferndale, MI | 2.0 | 1.0 | 739 | $1,350 | $1.83 | 6d | 1 | 0.48mi |
| 2186 Garfield St Ferndale, MI | 3.0 | 1.0 | 1300 | $1,750 | $1.35 | 26d | 1 | 0.51mi |
| 1800 Browning St Ferndale, MI | 2.0 | 1.0 | 809 | $1,600 | $1.98 | 6d | 1 | 0.53mi |
| 1201 Woodward Hts Ferndale, MI | 2.0 | 2.0 | 1200 | $2,045 | $1.70 | 26d | 1 | 0.65mi |
| 2803 Grayson St Ferndale, MI | 3.0 | 2.0 | 1274 | $2,000 | $1.57 | 45d | 1 | 0.70mi |
| 2181 Coy St Ferndale, MI | 3.0 | 1.0 | 1050 | $1,995 | $1.90 | 12d | 1 | 0.70mi |
| 322 Jeff Keeton Dr Hazel Park, MI | 2.0 | 2.5 | 1334 | $2,275 | $1.71 | 0d | 1 | 0.71mi |
| 552 E Saratoga St Unit Upper Unit Ferndale, MI | 2.0 | 1.0 | 700 | $1,300 | $1.86 | 26d | 1 | 0.73mi |
| 501 E Breckenridge St Ferndale, MI | 3.0 | 1.0 | 946 | $1,800 | $1.90 | 26d | 1 | 0.73mi |
| 23400 Reynolds Ave Hazel Park, MI | 3.0 | 1.0 | 1305 | $1,900 | $1.46 | 6d | 1 | 0.74mi |
| 90 W Meyers Ave Hazel Park, MI | 2.0 | 1.0 | 831 | $1,800 | $2.17 | 26d | 1 | 0.78mi |
| 453 E Cambourne St Unit 1 Ferndale, MI | 2.0 | 1.0 | 1000 | $2,500 | $2.50 | 4d | 1 | 0.80mi |
| 455 E Cambourne St Unit 2 Ferndale, MI | 2.0 | 1.0 | 900 | $2,400 | $2.67 | 4d | 1 | 0.80mi |
| 23345 Tawas Ave Hazel Park, MI | 3.0 | 1.0 | 1000 | $1,550 | $1.55 | 12d | 1 | 0.81mi |
| 23115 Tawas Ave Hazel Park, MI | 2.0 | 1.0 | 706 | $1,375 | $1.95 | 26d | 1 | 0.82mi |
| 2705 Inman St Ferndale, MI | 3.0 | 2.5 | 1429 | $3,195 | $2.24 | 0d | 1 | 0.85mi |
| 400 E Cambourne St Unit 1 Ferndale, MI | 2.0 | 1.0 | 1000 | $1,400 | $1.40 | 12d | 1 | 0.86mi |
| 790 Jewell St Ferndale, MI | 2.0 | 1.0 | 800 | $1,445 | $1.81 | 26d | 1 | 0.94mi |
| 1561 E Webster St Ferndale, MI | 2.0 | 1.0 | 939 | $1,600 | $1.70 | 26d | 1 | 0.97mi |
| 1816 Guthrie Ave Royal Oak, MI | 3.0 | 1.0 | 1100 | $1,800 | $1.64 | 6d | 1 | 0.99mi |
| 691 E Mapledale Ave Hazel Park, MI | 2.0 | 1.0 | 1333 | $1,500 | $1.13 | 12d | 1 | 1.03mi |
| 1045 E Woodward Heights Blvd Hazel Park, MI | 1.0–2.0 | 1.0 | 715 | $1,209 | $1.69 | 26d | 3 | 1.04mi |
| 22111 Woodward Ave Ferndale, MI | 2.0 | 1.0 | 816 | $3,355 | $4.11 | 18d | 1 | 1.10mi |
| 959 E Shevlin Ave Hazel Park, MI | 3.0 | 1.0 | 1419 | $1,750 | $1.23 | 16d | 1 | 1.12mi |
| 155 W George Ave Hazel Park, MI | 2.0 | 1.0 | 725 | $1,000 | $1.38 | 26d | 1 | 1.16mi |
| 429 E Milton Ave Hazel Park, MI | 3.0 | 2.0 | 1075 | $1,595 | $1.48 | 1d | 1 | 1.17mi |
| 407 E Hayes Ave Hazel Park, MI | 3.0 | 1.0 | 1000 | $1,750 | $1.75 | 26d | 1 | 1.20mi |
| 1414 Owana Ave Royal Oak, MI | 3.0 | 1.0 | 1489 | $1,675 | $1.12 | 23d | 1 | 1.22mi |
| 224 Fielding St Ferndale, MI | 2.0 | 1.0 | 1000 | $1,800 | $1.80 | 26d | 1 | 1.23mi |
| 226 Fielding St Ferndale, MI | 2.0 | 1.0 | 1000 | $1,500 | $1.50 | 26d | 1 | 1.23mi |
| 901 Saint Louis St Unit 901-02 Ferndale, MI | 2.0 | 1.0 | 800 | $1,395 | $1.74 | 26d | 1 | 1.24mi |
| 901 Saint Louis St Ferndale, MI | 2.0 | 1.0 | 800 | $1,395 | $1.74 | 45d | 1 | 1.24mi |
| 328 W Kalama Ave Madison Heights, MI | 3.0 | 1.0 | 900 | $1,575 | $1.75 | 6d | 1 | 1.29mi |
| 430 W 9 Mile Rd Ferndale, MI | 1.0–2.0 | 2.0 | 826 | $2,827 | $3.42 | 0d | 2 | 1.33mi |
| 353 W Webster St Ferndale, MI | 2.0 | 1.0 | 900 | $1,525 | $1.69 | 18d | 1 | 1.37mi |
Listing history 39 events
-
2026-05-24status Pending 754-char remark
Show marketing remark (754 chars)
Completely renovated from top to bottom, this Ferndale ranch blends modern style with quality craftsmanship. Inside, you'll find an open layout with light wood flooring, bold black trim, and a cozy fireplace that sets the tone for the home. The brand-new kitchen features white shaker cabinets, quartz countertops, matte black fixtures, and updated lighting. The fully finished basement adds valuable living space with new carpet, a wet bar, and plenty of storage. Beyond the cosmetics, every major system has been updated: new roof, new furnace, plumbing, electrical service, windows, insulation, concrete, and fresh sod. Located just minutes from Downtown Ferndale, this home offers low-maintenance living with nothing left to do but move in and enjoy.
-
2026-05-24status Pending
Show marketing remark (754 chars)
Completely renovated from top to bottom, this Ferndale ranch blends modern style with quality craftsmanship. Inside, you'll find an open layout with light wood flooring, bold black trim, and a cozy fireplace that sets the tone for the home. The brand-new kitchen features white shaker cabinets, quartz countertops, matte black fixtures, and updated lighting. The fully finished basement adds valuable living space with new carpet, a wet bar, and plenty of storage. Beyond the cosmetics, every major system has been updated: new roof, new furnace, plumbing, electrical service, windows, insulation, concrete, and fresh sod. Located just minutes from Downtown Ferndale, this home offers low-maintenance living with nothing left to do but move in and enjoy.
-
2026-05-16historical Accepting Backup Offers 754-char remark
Show marketing remark (754 chars)
Completely renovated from top to bottom, this Ferndale ranch blends modern style with quality craftsmanship. Inside, you'll find an open layout with light wood flooring, bold black trim, and a cozy fireplace that sets the tone for the home. The brand-new kitchen features white shaker cabinets, quartz countertops, matte black fixtures, and updated lighting. The fully finished basement adds valuable living space with new carpet, a wet bar, and plenty of storage. Beyond the cosmetics, every major system has been updated: new roof, new furnace, plumbing, electrical service, windows, insulation, concrete, and fresh sod. Located just minutes from Downtown Ferndale, this home offers low-maintenance living with nothing left to do but move in and enjoy.
-
2026-05-16historical Active Under Contract
Show marketing remark (754 chars)
Completely renovated from top to bottom, this Ferndale ranch blends modern style with quality craftsmanship. Inside, you'll find an open layout with light wood flooring, bold black trim, and a cozy fireplace that sets the tone for the home. The brand-new kitchen features white shaker cabinets, quartz countertops, matte black fixtures, and updated lighting. The fully finished basement adds valuable living space with new carpet, a wet bar, and plenty of storage. Beyond the cosmetics, every major system has been updated: new roof, new furnace, plumbing, electrical service, windows, insulation, concrete, and fresh sod. Located just minutes from Downtown Ferndale, this home offers low-maintenance living with nothing left to do but move in and enjoy.
-
2026-04-24$219,000 Active 754-char remark
Show marketing remark (754 chars)
Completely renovated from top to bottom, this Ferndale ranch blends modern style with quality craftsmanship. Inside, you'll find an open layout with light wood flooring, bold black trim, and a cozy fireplace that sets the tone for the home. The brand-new kitchen features white shaker cabinets, quartz countertops, matte black fixtures, and updated lighting. The fully finished basement adds valuable living space with new carpet, a wet bar, and plenty of storage. Beyond the cosmetics, every major system has been updated: new roof, new furnace, plumbing, electrical service, windows, insulation, concrete, and fresh sod. Located just minutes from Downtown Ferndale, this home offers low-maintenance living with nothing left to do but move in and enjoy.
-
2026-04-24$219,000 Active
Show marketing remark (754 chars)
Completely renovated from top to bottom, this Ferndale ranch blends modern style with quality craftsmanship. Inside, you'll find an open layout with light wood flooring, bold black trim, and a cozy fireplace that sets the tone for the home. The brand-new kitchen features white shaker cabinets, quartz countertops, matte black fixtures, and updated lighting. The fully finished basement adds valuable living space with new carpet, a wet bar, and plenty of storage. Beyond the cosmetics, every major system has been updated: new roof, new furnace, plumbing, electrical service, windows, insulation, concrete, and fresh sod. Located just minutes from Downtown Ferndale, this home offers low-maintenance living with nothing left to do but move in and enjoy.
-
2026-04-23historical $219,000 754-char remark
Show marketing remark (754 chars)
Completely renovated from top to bottom, this Ferndale ranch blends modern style with quality craftsmanship. Inside, you'll find an open layout with light wood flooring, bold black trim, and a cozy fireplace that sets the tone for the home. The brand-new kitchen features white shaker cabinets, quartz countertops, matte black fixtures, and updated lighting. The fully finished basement adds valuable living space with new carpet, a wet bar, and plenty of storage. Beyond the cosmetics, every major system has been updated: new roof, new furnace, plumbing, electrical service, windows, insulation, concrete, and fresh sod. Located just minutes from Downtown Ferndale, this home offers low-maintenance living with nothing left to do but move in and enjoy.
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2026-01-23historical $1,800
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2026-01-23historical
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2026-01-06$225,000 Active
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2026-01-06$225,000 Active
-
2026-01-06historical
-
2026-01-06historical
-
2025-11-19$1,800
-
2025-11-19historical $1,900
-
2025-11-19$229,000 Active
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2025-11-19$229,000 Active
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2025-11-19historical
-
2025-11-19historical
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2025-11-12price $1,900
-
2025-11-11price $239,000
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2025-11-11price $239,000
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2025-11-03$244,000 Active
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2025-11-03$244,000 Active
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2025-11-03historical
-
2025-11-03historical
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2025-10-28price $2,000
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2025-10-23price $2,499
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2025-10-22price $249,000
-
2025-10-22price $249,000
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2025-10-14$2,900
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2025-10-13$279,000 Active
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2025-10-13$279,000 Active
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2025-08-12soldstatus $83,750
-
2025-08-04$83,750 Active
-
2025-08-04soldstatus $83,750 Closed
-
2025-08-04soldstatus $83,750
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2025-08-03$83,750
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1987-07-01soldstatus $28,000
ⓘ 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
- $1,373 · $114/mo
- Projected year-2 tax
- $2,373 · $198/mo
- Expected delta
- +$1,000/yr (+$83/mo · 72.8%)
ⓘ 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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $21,896
- − Mortgage interest
- −$12,267
- − Property taxes
- −$1,373
- − Insurance
- −$1,095
- − Repairs & maintenance
- −$1,752
- − Management
- −$1,752
- − Depreciation
- −$6,371
- Taxable loss
- −$2,714
- Est. tax savings @ 24.0%
- +$651
- After-tax cash flow
- $1,699/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 — Ferndale
- Score
- 90/100
- State rank
- #8
- US rank
- #103
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Census place
- Ferndale, MI
- County
- Oakland County · 1,009,092 people
- City population
- 21,527
- Metro
- Detroit-Warren-Dearborn, MI
- Population (ZIP)
- 21,527
- Household income
- $89,881
- Rent vs Own
- Severe rent burden
- 670.0
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 (72%)
- Race & ethnicity
- White 72% Black 15% Two or more races 6% Hispanic / Latino 5% Asian 3%
- Common ancestry
- Romanian 11% Lithuanian 6% Slovak 3%
- Foreign-born
- 4% · Canada, South Korea
- Languages at home
- 95% English-only · Spanish 2% Other Indo-European 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
- ▼ -394.92%
- Current HPI
- 273.0986
- Rent YoY
- ▲ 6.24%
- 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 |
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| Automotive | 2 | $372B |
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| Chemicals | 1 | $45B |
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| Automotive Retail | 1 | $29B |
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| Healthcare / Medical Devices | 1 | $23B |
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| Automotive Technology | 1 | $20B |
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Price history
+682.1% since first listed39 events — show timeline
- 2026-05-24 Pending — MiRealSource-MiMLS
- 2026-05-24 Pending — REALCOMP
- 2026-05-16 Contingent — MiRealSource-MiMLS
- 2026-05-16 Contingent — REALCOMP
- 2026-04-24 Listed $219,000 MiRealSource-MiMLS
- 2026-04-24 Listed $219,000 REALCOMP
- 2026-04-23 Coming Soon $219,000 MiRealSource-MiMLS
- 2026-01-23 Rental Removed $1,800 REALSOURCE
- 2026-01-23 Listing Removed — MiRealSource-MiMLS
- 2026-01-06 Listing Removed — MiRealSource-MiMLS
- 2026-01-06 Listing Removed — REALCOMP
- 2026-01-06 Listed $225,000 REALCOMP
- 2026-01-06 Listed $225,000 MiRealSource-MiMLS
- 2025-11-19 Listed for Rent $1,800 REALSOURCE
- 2025-11-19 Rental Removed $1,900 REALSOURCE
- 2025-11-19 Listing Removed — MiRealSource-MiMLS
- 2025-11-19 Listing Removed — REALCOMP
- 2025-11-19 Listed $229,000 MiRealSource-MiMLS
- 2025-11-19 Listed $229,000 REALCOMP
- 2025-11-12 Price Changed $1,900 REALSOURCE
- 2025-11-11 Price Changed $239,000 MiRealSource-MiMLS
- 2025-11-11 Price Changed $239,000 REALCOMP
- 2025-11-03 Listed $244,000 REALCOMP
- 2025-11-03 Listing Removed — MiRealSource-MiMLS
- 2025-11-03 Listing Removed — REALCOMP
- 2025-11-03 Listed $244,000 MiRealSource-MiMLS
- 2025-10-28 Price Changed $2,000 REALSOURCE
- 2025-10-23 Price Changed $2,499 REALSOURCE
- 2025-10-22 Price Changed $249,000 MiRealSource-MiMLS
- 2025-10-22 Price Changed $249,000 REALCOMP
- 2025-10-14 Listed for Rent $2,900 REALSOURCE
- 2025-10-13 Listed $279,000 REALCOMP
- 2025-10-13 Listed $279,000 MiRealSource-MiMLS
- 2025-08-12 Sold (Public Records) $83,750 Public Records
- 2025-08-04 Listed $83,750 REALCOMP
- 2025-08-04 Sold (MLS) $83,750 MiRealSource-MiMLS
- 2025-08-04 Sold (MLS) $83,750 REALCOMP
- 2025-08-03 Listed $83,750 MiRealSource-MiMLS
- 1987-07-01 Sold (Public Records) $28,000 Public Records
Property tax history
+1.6%/yrLatest (2025): $1,373 · +2.6% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…