1701 Park St · Flint, MI 48503

$60,000

3 bd · 1.0 ba · 1,008 sqft · SingleFamily public records · 112 Days on market

Built 1944 5,663 sqft lot ↓ 20% since listing

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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
• Rent growth +5.0/5.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

2 Bedrooms | Flexible Layout | Bonus Basement Space! This home features an expanded living area (converted 3rd bedroom), partially finished basement with wet bar, fenced backyard, covered porch, and 2-car garage. Needs a little TLC but offers tremendous potential. Perfect starter home or investment property!

Key facts

• Covered porch
• Wet bar
• Bonus basement space

Tags

• BONUS BASEMENT SPACE
• EXPANDED LIVING AREA
• PARTIALLY FINISHED BASEMENT
• WET BAR
• FENCED BACKYARD
• COVERED PORCH

Property features AI

Finance

• Other: Located in the Woodward subdivision; cross streets Lapeer Rd and E 12th St; directions: east of 475, south of 69

Exterior

• Parking: Detached 2-car garage
• Utilities: Water available; Public sewer
• Home design: Single-family residence; One and one-half stories
• Construction: Aluminum siding and brick exterior; Block foundation; Above-grade finished area approximately 1,008; Below-grade finished area approximately 672
• Exterior features: Paved road access; Lot approximately 0.13 acre (55 x 100); Ground-level entry with steps

Interior

• Bedrooms: Total rooms: 3
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Natural gas heating; No central air conditioning
• Interior features: Partially finished basement; Basement present

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $60k.

Deal economics

• At list price, monthly cash flow is $301 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($910 rent vs $60k).
• Recommended offer: $55k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 74/100 on livability (#196 in MI, #4,946 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: schools F, crime F, employment F.
• Flint School District (urban): math 7% / reading 13% proficiency, ranked #714 of 760 in MI (top 94%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 83% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising fast (+12.3%/yr); 135 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 14d on market — plan ~1-2 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 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 $415 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $17k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 112 days — a 9% lower offer ($55k) is reasonable based on typical stale-listing flexibility.
• 7 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.

Risks & watch-outs

• Watch-outs: built in 1944 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $54,600 (9.0% below list)

Questions for the listing agent

1. It's been on market 112 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1944 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.52% ✓
• Cap rate: 12.31%
• Cash-on-cash: 21.48%
• DSCR: 1.96
• GRM: 5.5

CMA / ARV

• ARV (on-the-fly): $37,296
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2041 Warner Ave	0.34mi	3/1.0	1,001 (-1%)	0mo	$24,000	$24	83
2029 Winans Ave	0.52mi	2/1.5 (-1)	992 (-2%)	1mo	$30,000	$30	65
2002 Ferris Ave	0.26mi	4/1.0 (+1)	1,087 (+8%)	8mo	$29,000	$27	63
609 Lippincott Blvd	0.39mi	3/1.0	1,080 (+7%)	9mo	$40,000	$37	62
930 Belmont Ave	0.33mi	2/1.0 (-1)	1,083 (+7%)	6mo	$22,300	$21	62
920 Belmont Ave	0.31mi	2/1.0 (-1)	927 (-8%)	8mo	$130,000	$140	61
1608 Broad Ct	0.04mi	3/1.5	1,130 (+12%)	18mo	$92,500	$82	61
2037 Blades Ave	0.56mi	3/1.0	923 (-8%)	10mo	$20,000	$22	52
1110 Pingree Ave	0.45mi	2/1.0 (-1)	888 (-12%)	4mo	$50,000	$56	51
1517 Tacoma St	0.66mi	3/1.0	875 (-13%)	1mo	$46,500	$53	46
2054 Dwight Ave	0.39mi	3/1.0	864 (-14%)	18mo	$40,000	$46	43
401 Monroe St	0.68mi	3/1.0	912 (-10%)	13mo	$10,000	$11	42

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: 19.6%
• Equity multiple: 1.85×
• Total profit: $14,254
• Equity at exit: $8,946

10-year hold

• IRR: 31.2%
• Equity multiple: 4.51×
• Total profit: $59,027
• Equity at exit: $5,188

Cash invested: $16,800 (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 48503

• Home prices YoY: -27.7%
• Rents YoY: 12.3%
• Active inventory: 135
• Price-to-rent: 5.5×

Monthly cashflow live

• Estimated rent: $910 medium
• Mortgage (P&I): −$315
• Tax from tax record: −$79 /mo · $944/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$191
• Net cashflow: $301

Break-even live

Break-even rent $530

Max offer price $60,000

Occupancy floor 62%

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: $15,000
• Closing costs: $1,800
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
410 Lippincott Blvd Flint, MI	2.0	1.0	800	$695	$0.87	13d	1	0.41mi
501 S Meade St Flint, MI	2.0	1.0	850	$695	$0.82	13d	1	1.31mi
1605 Kearsley Park Blvd Flint, MI	2.0	1.0	875	$975	$1.11	13d	1	1.46mi

Listing history 30 events

1. 2026-06-15
   status $60,000 Pending 112 DOM
2. 2026-06-15
   days on market $60,000 Active Under Contract 112 DOM
3. 2026-06-14
   days on market $60,000 Active Under Contract 110 DOM
4. 2026-06-13
   days on market $60,000 Active Under Contract 109 DOM
5. 2026-06-10
   days on market $60,000 Active Under Contract 107 DOM
6. 2026-06-09
   days on market $60,000 Active Under Contract 106 DOM
7. 2026-06-08
   days on market $60,000 Active Under Contract 105 DOM
8. 2026-06-07
   days on market $60,000 Active Under Contract 104 DOM
9. 2026-06-05
   days on market $60,000 Active Under Contract 101 DOM
10. 2026-06-03
    days on market $60,000 Active Under Contract 100 DOM
11. 2026-06-02
    days on market $60,000 Active Under Contract 99 DOM
12. 2026-06-01
    days on market $60,000 Active Under Contract 98 DOM
13. 2026-05-31
    days on market $60,000 Active Under Contract 97 DOM
14. 2026-05-30
    days on market $60,000 Active Under Contract 96 DOM
15. 2026-05-13
    historical Active Under Contract

    Show marketing remark (309 chars)

    2 Bedrooms | Flexible Layout | Bonus Basement Space! This home features an expanded living area (converted 3rd bedroom), partially finished basement with wet bar, fenced backyard, covered porch, and 2-car garage. Needs a little TLC but offers tremendous potential. Perfect starter home or investment property!

16. 2026-05-13
    historical Accepting Backup Offers 309-char remark

    Show marketing remark (309 chars)

    2 Bedrooms | Flexible Layout | Bonus Basement Space! This home features an expanded living area (converted 3rd bedroom), partially finished basement with wet bar, fenced backyard, covered porch, and 2-car garage. Needs a little TLC but offers tremendous potential. Perfect starter home or investment property!

17. 2026-02-23
    listed $60,000 Active

    Show marketing remark (309 chars)

    2 Bedrooms | Flexible Layout | Bonus Basement Space! This home features an expanded living area (converted 3rd bedroom), partially finished basement with wet bar, fenced backyard, covered porch, and 2-car garage. Needs a little TLC but offers tremendous potential. Perfect starter home or investment property!

18. 2026-02-23
    listed $60,000 Active 309-char remark

    Show marketing remark (309 chars)

    2 Bedrooms | Flexible Layout | Bonus Basement Space! This home features an expanded living area (converted 3rd bedroom), partially finished basement with wet bar, fenced backyard, covered porch, and 2-car garage. Needs a little TLC but offers tremendous potential. Perfect starter home or investment property!

19. 2026-02-19
    historical $975
20. 2025-10-29
    listed $975
21. 2025-10-29
    historical $975
22. 2025-10-29
    listed $975
23. 2025-09-04
    historical $925
24. 2025-08-29
    listed $925
25. 2025-08-29
    historical
26. 2025-08-29
    historical
27. 2025-04-16
    price $69,900
28. 2025-04-15
    price $69,900
29. 2025-02-26
    listed $75,000 Active
30. 2025-02-26
    listed $75,000 Active

ⓘ 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: $944 · $79/mo
• Projected year-2 tax: $944 · $79/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 · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,921
• − Mortgage interest: −$3,361
• − Property taxes: −$944
• − Insurance: −$300
• − Repairs & maintenance: −$874
• − Management: −$874
• − Depreciation: −$1,745
• Taxable income: $2,824
• Est. tax owed @ 24.0%: −$678
• After-tax cash flow: $2,931/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: Flint School District
• NCES district ID: 2614520
• Math proficiency: 7% ▬ 0.00%
• Reading proficiency: 13% ▲ 3.00%
• Median HH income: $25,954
• Composite: 10.97/100
• National rank: #14642
• State rank: #714 of 760 in MI

Livability — Flint

• Score: 74/100
• State rank: #196
• US rank: #4946

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Flint, MI
• County: Genesee County · 221,329 people
• City population: 93,814
• Metro: Flint, MI
• Population (ZIP): 22,347
• Household income: $44,411
• Rent vs Own: 49.3% rent · 50.7% own
• Severe rent burden: 1293.0

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: Diverse neighborhood (Simpson 0.56)
• Race & ethnicity: Black 55% White 36% Two or more races 4% Hispanic / Latino 3%
• Common ancestry: Romanian 2% Lithuanian 2% Slovak 1%
• Foreign-born: 5% · China, Canada
• Languages at home: 93% English-only · Arabic 4% Spanish 1% Chinese 1%

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: ▼ -49.84%
• Current HPI: 130.1152
• Rent YoY: ▲ 12.35%
• Metro: Flint, 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

-20.0% since first listed

16 events — show timeline

• 2026-05-13 Contingent — REALCOMP
• 2026-05-13 Contingent — MiRealSource-MiMLS
• 2026-02-23 Listed $60,000 REALCOMP
• 2026-02-23 Listed $60,000 MiRealSource-MiMLS
• 2026-02-19 Rental Removed $975 REALSOURCE
• 2025-10-29 Listed for Rent $975 REALSOURCE
• 2025-10-29 Rental Removed $975 REALCOMP
• 2025-10-29 Listed for Rent $975 REALCOMP
• 2025-09-04 Rental Removed $925 RENTSPREE
• 2025-08-29 Listed for Rent $925 RENTSPREE
• 2025-08-29 Listing Removed — REALCOMP
• 2025-08-29 Listing Removed — MiRealSource-MiMLS
• 2025-04-16 Price Changed $69,900 MiRealSource-MiMLS
• 2025-04-15 Price Changed $69,900 REALCOMP
• 2025-02-26 Listed $75,000 REALCOMP
• 2025-02-26 Listed $75,000 MiRealSource-MiMLS

Property tax history

+2.8%/yr

Latest (2025): $944 · +1.6% YoY. Source: county tax records.