3102 Coin St · Burton, MI 48519

$165,000

3 bd · 1.0 ba · 1,087 sqft · SingleFamily · 12 Days on market

Built 1952 0.78 ac lot $152/sqft · 23% below area Est $215k · 23% under

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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 +16.0/30.0
• ARV discount +15.0/15.0
• DSCR +4.9/10.0
• 1% rule +4.5/10.0
• Livability +3.1/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.5/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this charming home. This property offers a functional layout with comfortable living spaces, making it a great option for first-time buyers, downsizers, or investors. The home features three well-sized bedrooms, a full bath, and a cozy living area perfect for everyday living. With its manageable size and practical design, it provides an excellent opportunity to add your personal touch and build equity. Conveniently located near local amenities, shopping, and major roadways, this home combines affordability with accessibility. A great opportunity you won't want to miss!

Key facts

• 0.78 acre lot
• 2 garage spots
• Pool

Property features AI

Finance

• Other: Lot approximately 0.78 acres (dimensions 137 x 249); Subdivision: CITY GARDENS; Directions: Off Atherton on Coin St.

Exterior

• Parking: Detached 2-car garage
• Utilities: Private well water; Public sewer; Cable available
• Home design: Single-family residence; One story; Ground-level entry with steps; Aluminum siding, vinyl siding, and block construction
• Construction: Asphalt roof; Crawl space foundation
• Exterior features: Above-ground pool; Paved road access

Interior

• Kitchen: Free-standing gas range; Microwave; Free-standing refrigerator; Dishwasher not listed
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); Central air conditioning
• Interior features: Electric water heater; Thermostat (energy-efficient)
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $165k.

Deal economics

• At list price, monthly cash flow is $80 ($963/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 $157k (5.1% below list).
• Recommended offer: $157k (5.1% below list) — sets the bar for 1% rule.
• Cap rate 6.9% vs local median 3.8% in Burton — 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 61/100 on livability (#555 in MI) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: employment D, schools F, crime F.
• Atherton Community Schools (suburban): math 13% / reading 23% proficiency, ranked #481 of 540 in MI (top 89%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 108 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 419 units permitted in Genesee County in 2024 (68 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 $5k of value loss. Plan a longer hold.
• Genesee County population projected at -27% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 12 days on market — expect competitive offers; lowballing is unlikely to land.
• 9 sale attempts since 4y 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 $135k; 22% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1952 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $156,597 (5.1% below list)

Questions for the listing agent

1. Built in 1952 — 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 F-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. 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?
6. 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.
7. 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.
8. 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: 0.95% ✗
• Cap rate: 6.88%
• Cash-on-cash: 2.08%
• DSCR: 1.09
• GRM: 8.8

CMA / ARV

• ARV (median comp): $214,783
• List price: $165,000
• Delta: -23.18%
• 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
4441 Sunnymead Ave	0.44mi	3/1.0	1,064 (-2%)	3mo	$200,000	$188	74
3173 Coin St	0.13mi	2/1.5 (-1)	1,008 (-7%)	3mo	$159,900	$159	72
4497 Sunnymead Ave	0.41mi	3/1.5	1,196 (+10%)	0mo	$219,100	$183	62
5048 E Atherton Rd	0.17mi	3/1.0	959 (-12%)	13mo	$160,000	$167	61
3122 Eastgate St	0.65mi	3/1.5	1,056 (-3%)	4mo	$168,000	$159	60
3088 Wild Orchid Ln	0.46mi	3/2.0	1,172 (+8%)	6mo	$228,000	$195	57
4350 Chicory Ln	0.60mi	3/1.0	1,008 (-7%)	6mo	$221,350	$220	55
4269 E Atherton Rd	0.61mi	3/1.5	1,180 (+9%)	6mo	$200,000	$169	50
3243 S Genesee Rd	0.28mi	2/1.0 (-1)	1,220 (+12%)	14mo	$165,000	$135	50
5369 Sitka St	0.74mi	2/1.0 (-1)	1,121 (+3%)	14mo	$172,000	$153	43
3132 Daisy Way	0.54mi	3/2.0	1,245 (+14%)	15mo	$255,000	$205	35
3145 Dahlia Dr	0.63mi	3/2.0	1,250 (+15%)	15mo	$255,000	$204	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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -13.0%
• Equity multiple: 0.53×
• Total profit: $-21,594
• Equity at exit: $24,602

10-year hold

• IRR: -3.9%
• Equity multiple: 0.74×
• Total profit: $-12,087
• Equity at exit: $14,266

Cash invested: $46,200 (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 48519

• Home prices YoY: -20.5%
• Active inventory: 108
• Price-to-rent: 8.8×

Monthly cashflow live

• Estimated rent: $1,566 medium
• Mortgage (P&I): −$865
• Tax from tax record: −$223 /mo · $2,674/yr
• Insurance: −$69
• HOA: −$0
• Vacancy / Maint / Mgmt: −$329
• Net cashflow: $80

Break-even live

Break-even rent $1,464

Max offer price $165,000

Occupancy floor 90%

Sensitivity live

Price	-10% $174	-5% $127	+0% $80	+5% $34	+10% $-13
Rent	-10% $-43	-5% $18	+0% $80	+5% $142	+10% $204
Rate	-1.0pp $163	-0.5pp $122	base $80	+0.5pp $37	+1.0pp $-6

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: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3440 Creekside Blvd Burton, MI	3.0	2.0	1512	$1,424	$0.94	14d	1	1.00mi
5403 E Bristol Rd Burton, MI	3.0	1.0	1050	$1,675	$1.60	44d	1	1.03mi

Listing history 16 events

1. 2026-05-16
   status Pending 586-char remark

   Show marketing remark (586 chars)

   Welcome to this charming home. This property offers a functional layout with comfortable living spaces, making it a great option for first-time buyers, downsizers, or investors. The home features three well-sized bedrooms, a full bath, and a cozy living area perfect for everyday living. With its manageable size and practical design, it provides an excellent opportunity to add your personal touch and build equity. Conveniently located near local amenities, shopping, and major roadways, this home combines affordability with accessibility. A great opportunity you won't want to miss!

2. 2026-05-16
   status Pending 592-char remark

   Show marketing remark (586 chars)

   Welcome to this charming home. This property offers a functional layout with comfortable living spaces, making it a great option for first-time buyers, downsizers, or investors. The home features three well-sized bedrooms, a full bath, and a cozy living area perfect for everyday living. With its manageable size and practical design, it provides an excellent opportunity to add your personal touch and build equity. Conveniently located near local amenities, shopping, and major roadways, this home combines affordability with accessibility. A great opportunity you won't want to miss!

3. 2026-05-13
   status Active 586-char remark

   Show marketing remark (586 chars)

   Welcome to this charming home. This property offers a functional layout with comfortable living spaces, making it a great option for first-time buyers, downsizers, or investors. The home features three well-sized bedrooms, a full bath, and a cozy living area perfect for everyday living. With its manageable size and practical design, it provides an excellent opportunity to add your personal touch and build equity. Conveniently located near local amenities, shopping, and major roadways, this home combines affordability with accessibility. A great opportunity you won't want to miss!

4. 2026-05-13
   status Active 592-char remark

   Show marketing remark (586 chars)

   Welcome to this charming home. This property offers a functional layout with comfortable living spaces, making it a great option for first-time buyers, downsizers, or investors. The home features three well-sized bedrooms, a full bath, and a cozy living area perfect for everyday living. With its manageable size and practical design, it provides an excellent opportunity to add your personal touch and build equity. Conveniently located near local amenities, shopping, and major roadways, this home combines affordability with accessibility. A great opportunity you won't want to miss!

5. 2026-05-07
   status Pending 586-char remark

   Show marketing remark (586 chars)

   Welcome to this charming home. This property offers a functional layout with comfortable living spaces, making it a great option for first-time buyers, downsizers, or investors. The home features three well-sized bedrooms, a full bath, and a cozy living area perfect for everyday living. With its manageable size and practical design, it provides an excellent opportunity to add your personal touch and build equity. Conveniently located near local amenities, shopping, and major roadways, this home combines affordability with accessibility. A great opportunity you won't want to miss!

6. 2026-05-07
   status Pending 592-char remark

   Show marketing remark (586 chars)

   Welcome to this charming home. This property offers a functional layout with comfortable living spaces, making it a great option for first-time buyers, downsizers, or investors. The home features three well-sized bedrooms, a full bath, and a cozy living area perfect for everyday living. With its manageable size and practical design, it provides an excellent opportunity to add your personal touch and build equity. Conveniently located near local amenities, shopping, and major roadways, this home combines affordability with accessibility. A great opportunity you won't want to miss!

7. 2026-05-01
   listed $169,900 Active 586-char remark

   Show marketing remark (586 chars)

   Welcome to this charming home. This property offers a functional layout with comfortable living spaces, making it a great option for first-time buyers, downsizers, or investors. The home features three well-sized bedrooms, a full bath, and a cozy living area perfect for everyday living. With its manageable size and practical design, it provides an excellent opportunity to add your personal touch and build equity. Conveniently located near local amenities, shopping, and major roadways, this home combines affordability with accessibility. A great opportunity you won't want to miss!

8. 2026-05-01
   listed $169,900 Active 592-char remark

   Show marketing remark (586 chars)

   Welcome to this charming home. This property offers a functional layout with comfortable living spaces, making it a great option for first-time buyers, downsizers, or investors. The home features three well-sized bedrooms, a full bath, and a cozy living area perfect for everyday living. With its manageable size and practical design, it provides an excellent opportunity to add your personal touch and build equity. Conveniently located near local amenities, shopping, and major roadways, this home combines affordability with accessibility. A great opportunity you won't want to miss!

9. 2022-10-20
   soldstatus $135,000
10. 2022-10-19
    soldstatus $135,000 Closed

    Show marketing remark (593 chars)

    3 Bed, 1 Full Bath, Sprawling Ranch, with just under a 3 Car Detached Garage, and 10x12 Shed on just under an Acre. TALK ABOUT TURN KEY, THIS IS IT!! The home that will feel like home with many updates. Updated Kitchen and Bathroom with Beautiful White Cabinets with Stainless Steel Appliances, coveted Granite in the Kitchen and Quartz in the Bathroom. Main floor laundry, Freshly Painted House, inside and outside. Newer Roof. This is a RARE find for a beautiful home, Do not hesitate or it will be TOO LATE. BAVAI, BAVAM. Buyer must have Pre-Approval to view Property. Agent Owned Property.

11. 2022-10-19
    soldstatus $135,000

    Show marketing remark (593 chars)

    3 Bed, 1 Full Bath, Sprawling Ranch, with just under a 3 Car Detached Garage, and 10x12 Shed on just under an Acre. TALK ABOUT TURN KEY, THIS IS IT!! The home that will feel like home with many updates. Updated Kitchen and Bathroom with Beautiful White Cabinets with Stainless Steel Appliances, coveted Granite in the Kitchen and Quartz in the Bathroom. Main floor laundry, Freshly Painted House, inside and outside. Newer Roof. This is a RARE find for a beautiful home, Do not hesitate or it will be TOO LATE. BAVAI, BAVAM. Buyer must have Pre-Approval to view Property. Agent Owned Property.

12. 2022-10-07
    status Pending

    Show marketing remark (593 chars)

    3 Bed, 1 Full Bath, Sprawling Ranch, with just under a 3 Car Detached Garage, and 10x12 Shed on just under an Acre. TALK ABOUT TURN KEY, THIS IS IT!! The home that will feel like home with many updates. Updated Kitchen and Bathroom with Beautiful White Cabinets with Stainless Steel Appliances, coveted Granite in the Kitchen and Quartz in the Bathroom. Main floor laundry, Freshly Painted House, inside and outside. Newer Roof. This is a RARE find for a beautiful home, Do not hesitate or it will be TOO LATE. BAVAI, BAVAM. Buyer must have Pre-Approval to view Property. Agent Owned Property.

13. 2022-09-26
    status Active

    Show marketing remark (593 chars)

    3 Bed, 1 Full Bath, Sprawling Ranch, with just under a 3 Car Detached Garage, and 10x12 Shed on just under an Acre. TALK ABOUT TURN KEY, THIS IS IT!! The home that will feel like home with many updates. Updated Kitchen and Bathroom with Beautiful White Cabinets with Stainless Steel Appliances, coveted Granite in the Kitchen and Quartz in the Bathroom. Main floor laundry, Freshly Painted House, inside and outside. Newer Roof. This is a RARE find for a beautiful home, Do not hesitate or it will be TOO LATE. BAVAI, BAVAM. Buyer must have Pre-Approval to view Property. Agent Owned Property.

14. 2022-09-26
    status Pending

    Show marketing remark (593 chars)

    3 Bed, 1 Full Bath, Sprawling Ranch, with just under a 3 Car Detached Garage, and 10x12 Shed on just under an Acre. TALK ABOUT TURN KEY, THIS IS IT!! The home that will feel like home with many updates. Updated Kitchen and Bathroom with Beautiful White Cabinets with Stainless Steel Appliances, coveted Granite in the Kitchen and Quartz in the Bathroom. Main floor laundry, Freshly Painted House, inside and outside. Newer Roof. This is a RARE find for a beautiful home, Do not hesitate or it will be TOO LATE. BAVAI, BAVAM. Buyer must have Pre-Approval to view Property. Agent Owned Property.

15. 2022-09-22
    listed $139,990 Active

    Show marketing remark (593 chars)

    3 Bed, 1 Full Bath, Sprawling Ranch, with just under a 3 Car Detached Garage, and 10x12 Shed on just under an Acre. TALK ABOUT TURN KEY, THIS IS IT!! The home that will feel like home with many updates. Updated Kitchen and Bathroom with Beautiful White Cabinets with Stainless Steel Appliances, coveted Granite in the Kitchen and Quartz in the Bathroom. Main floor laundry, Freshly Painted House, inside and outside. Newer Roof. This is a RARE find for a beautiful home, Do not hesitate or it will be TOO LATE. BAVAI, BAVAM. Buyer must have Pre-Approval to view Property. Agent Owned Property.

16. 2022-09-22
    listed $139,990

    Show marketing remark (593 chars)

    3 Bed, 1 Full Bath, Sprawling Ranch, with just under a 3 Car Detached Garage, and 10x12 Shed on just under an Acre. TALK ABOUT TURN KEY, THIS IS IT!! The home that will feel like home with many updates. Updated Kitchen and Bathroom with Beautiful White Cabinets with Stainless Steel Appliances, coveted Granite in the Kitchen and Quartz in the Bathroom. Main floor laundry, Freshly Painted House, inside and outside. Newer Roof. This is a RARE find for a beautiful home, Do not hesitate or it will be TOO LATE. BAVAI, BAVAM. Buyer must have Pre-Approval to view Property. Agent Owned Property.

ⓘ 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: $2,674 · $223/mo
• Projected year-2 tax: $2,674 · $223/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 2/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥96°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $18,792
• − Mortgage interest: −$9,243
• − Property taxes: −$2,674
• − Insurance: −$825
• − Repairs & maintenance: −$1,503
• − Management: −$1,503
• − Depreciation: −$4,800
• Taxable loss: −$1,757
• Est. tax savings @ 24.0%: +$422
• After-tax cash flow: $1,384/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: Atherton Community Schools
• NCES district ID: 2603540
• Math proficiency: 13% ▼ -2.00%
• Reading proficiency: 23% ▼ -9.00%
• Median HH income: $39,416
• Composite: 15.21/100
• National rank: #9341
• State rank: #481 of 540 in MI

Livability — Burton

• Score: 61/100
• State rank: #555
• US rank: #17380

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Burton, MI
• City population: 26,014
• Population (ZIP): 7,523

Population outlook (Genesee County) Hauer SSP2

• Today (2025): 381,312 people
• By 2030: 362,731 · -4.9%
• By 2040: 321,550 · -15.7%
• By 2050: 279,212 · -26.8%
• By 2075: 193,336 · -49.3%
• By 2100: 128,118 · -66.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (76%)
• Race & ethnicity: White 76% Black 14% Hispanic / Latino 5% Two or more races 5%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Romanian 6% Lithuanian 3% Slovak 2%
• Foreign-born: 1%
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · Genesee

• 2024 margin: Toss-up / Even · D 51.4% · R 47.2% · Other 1.4%
• 2008→2024 swing: -28.3pp toward R · 2008: 32.5pp · 2024: 4.2pp
• All cycles: 2024: D+4.2 2020: D+9.3 2016: D+9.5 2012: D+28.2 2008: D+32.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -65.66%
• Current HPI: 255.0753
• 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

+17.9% since first listed

22 events — show timeline

• 2026-05-23 Pending — MiRealSource-MiMLS
• 2026-05-23 Pending — REALCOMP
• 2026-05-21 Price Changed $165,000 MiRealSource-MiMLS
• 2026-05-20 Relisted — MiRealSource-MiMLS
• 2026-05-20 Relisted — REALCOMP
• 2026-05-20 Price Changed $165,000 REALCOMP
• 2026-05-16 Pending — MiRealSource-MiMLS
• 2026-05-16 Pending — REALCOMP
• 2026-05-13 Relisted — MiRealSource-MiMLS
• 2026-05-13 Relisted — REALCOMP
• 2026-05-07 Pending — MiRealSource-MiMLS
• 2026-05-07 Pending — REALCOMP
• 2026-05-01 Listed $169,900 REALCOMP
• 2026-05-01 Listed $169,900 MiRealSource-MiMLS
• 2022-10-20 Sold (Public Records) $135,000 Public Records
• 2022-10-19 Sold (MLS) $135,000 REALCOMP
• 2022-10-19 Sold (MLS) $135,000 MiRealSource-MiMLS
• 2022-10-07 Pending — MiRealSource-MiMLS
• 2022-09-26 Relisted — MiRealSource-MiMLS
• 2022-09-26 Pending — MiRealSource-MiMLS
• 2022-09-22 Listed $139,990 REALCOMP
• 2022-09-22 Listed $139,990 MiRealSource-MiMLS

Property tax history

+7.2%/yr

Latest (2025): $2,674 · +2.8% YoY. Source: county tax records.