236 Lynn St · Flushing, MI 48433

$180,000

4 bd · 1.0 ba · 1,562 sqft · SingleFamily · 1 Days on market

Built 1910 10,019 sqft lot Est $208k · 13% under

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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 +25.9/30.0
• ARV discount +13.5/15.0
• DSCR +8.7/10.0
• 1% rule +7.2/10.0
• Livability +3.8/5.0
• Schools +2.9/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to this charming 4-bedroom, 1-bath residence located on a quiet street in the heart of downtown Flushing! Situated within the highly desirable Flushing School District, this well-maintained home offers a spacious and functional layout with three bedrooms on the upper level and one conveniently located on the main floor. The updated kitchen features ample cabinetry, a large eat-in dining area, and all appliances included, making it truly move-in ready. Enjoy additional living space with both a comfortable family room and a separate dining room, perfect for everyday living and entertaining. Outside, you'll find a large fenced backyard ideal for pets, play, or outdoor gatherings, along with a 2-car detached garage for extra storage and parking. Relax and unwind on the inviting oversized front porch, perfect for enjoying quiet evenings in this peaceful neighborhood. Additional features include a Michigan basement, updated kitchen, and a prime location just minutes from downtown shopping, dining, parks, and schools. Don't miss this opportunity to own a spacious home in one of Flushing's most sought-after locations!

Key facts

• Michigan basement
• Updated kitchen
• Prime location

Tags

• UPDATED KITCHEN
• LARGE FENCED BACKYARD
• OVERSIZED FRONT PORCH
• MICHIGAN BASEMENT
• PRIME LOCATION

Property features AI

Finance

• Other: Pets allowed

Exterior

• Parking: Detached 1-car garage; Driveway; Garage faces front
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One and one-half stories; Ground-level entry with steps; Vinyl siding exterior; Composition roof
• Construction: Built with vinyl siding; Block foundation
• Exterior features: Lighting; Deck; Porch; Backyard fencing (fenced); Paved road access

Interior

• Kitchen: Dishwasher; Microwave; Free-standing electric range; Free-standing refrigerator; Stainless steel appliances
• Bathrooms: 1 full bathroom
• Heating & cooling: Central air conditioning; Forced-air heating; Natural gas heating
• Interior features: High-speed internet; Smart thermostat; Unfinished basement
• Laundry & utility: Gas water heater

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $180k.

Deal economics

• At list price, monthly cash flow is $443 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $180k).
• Cap rate 9.2% vs local median 3.4% in Flushing — 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 76/100 on livability (#140 in MI, #3,431 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities F, commute F, health & safety F.
• Flushing Community Schools (suburban): math 25% / reading 41% proficiency, ranked #295 of 540 in MI (top 55%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 156 active listings in the ZIP; 1 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 1 days on market — expect competitive offers; lowballing is unlikely to land.
• 25 sale attempts since 126y 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 $115k; list at $180k implies a 57% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $180,000

Questions for the listing agent

1. Built in 1910 — 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 B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 1.22% ✓
• Cap rate: 9.25%
• Cash-on-cash: 10.55%
• DSCR: 1.47
• GRM: 6.8

CMA / ARV

• ARV (on-the-fly): $207,746
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
220 Oak St	0.08mi	3/1.0 (-1)	1,600 (+2%)	16mo	$170,000	$106	74
214 Terrace St	0.17mi	4/2.0	1,600 (+2%)	13mo	$223,000	$139	73
527 Spring Ln	0.41mi	3/1.5 (-1)	1,444 (-8%)	0mo	$230,000	$159	61
115 Seymour Rd	0.24mi	3/1.5 (-1)	1,685 (+8%)	16mo	$160,000	$95	55
308 N Seymour Rd	0.50mi	3/1.5 (-1)	1,460 (-6%)	6mo	$170,000	$116	54
538 Autumn Dr	0.49mi	3/1.5 (-1)	1,440 (-8%)	6mo	$235,000	$163	52
537 Spring Ln	0.43mi	4/1.5	1,688 (+8%)	15mo	$219,900	$130	52
112 S Mckinley Rd	0.44mi	3/2.0 (-1)	1,645 (+5%)	12mo	$110,000	$67	51
218 N Maple St	0.43mi	3/1.0 (-1)	1,732 (+11%)	12mo	$230,000	$133	47
517 Autumn Dr	0.42mi	3/1.5 (-1)	1,340 (-14%)	10mo	$220,000	$164	42
114 E Henry St	0.49mi	3/1.5 (-1)	1,354 (-13%)	15mo	$125,000	$92	36
500 Windy Blf	0.55mi	3/2.0 (-1)	1,350 (-14%)	9mo	$276,000	$204	35

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: -0.5%
• Equity multiple: 0.98×
• Total profit: $-869
• Equity at exit: $26,839

10-year hold

• IRR: 9.2%
• Equity multiple: 1.71×
• Total profit: $35,861
• Equity at exit: $15,563

Cash invested: $50,400 (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 48433

• Active inventory: 156
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $2,200 medium
• Mortgage (P&I): −$944
• Tax from tax record: −$276 /mo · $3,309/yr
• Insurance: −$75
• HOA: −$0
• Vacancy / Maint / Mgmt: −$462
• Net cashflow: $443

Break-even live

Break-even rent $1,639

Max offer price $180,000

Occupancy floor 75%

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: $45,000
• Closing costs: $5,400
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
620 Carpenter Rd Flushing, MI	3.0	2.0	2244	$2,200	$0.98	21d	1	1.28mi

Listing history 2 events

1. 2026-06-17
   remarks 699-char remark

   Show marketing remark (1140 chars)

   Welcome home to this charming 4-bedroom, 1-bath residence located on a quiet street in the heart of downtown Flushing! Situated within the highly desirable Flushing School District, this well-maintained home offers a spacious and functional layout with three bedrooms on the upper level and one conveniently located on the main floor. The updated kitchen features ample cabinetry, a large eat-in dining area, and all appliances included, making it truly move-in ready. Enjoy additional living space with both a comfortable family room and a separate dining room, perfect for everyday living and entertaining. Outside, you'll find a large fenced backyard ideal for pets, play, or outdoor gatherings, along with a 2-car detached garage for extra storage and parking. Relax and unwind on the inviting oversized front porch, perfect for enjoying quiet evenings in this peaceful neighborhood. Additional features include a Michigan basement, updated kitchen, and a prime location just minutes from downtown shopping, dining, parks, and schools. Don't miss this opportunity to own a spacious home in one of Flushing's most sought-after locations!

2. 2026-06-17
   listed $180,000 Active 1 DOM

   Show marketing remark (1140 chars)

   Welcome home to this charming 4-bedroom, 1-bath residence located on a quiet street in the heart of downtown Flushing! Situated within the highly desirable Flushing School District, this well-maintained home offers a spacious and functional layout with three bedrooms on the upper level and one conveniently located on the main floor. The updated kitchen features ample cabinetry, a large eat-in dining area, and all appliances included, making it truly move-in ready. Enjoy additional living space with both a comfortable family room and a separate dining room, perfect for everyday living and entertaining. Outside, you'll find a large fenced backyard ideal for pets, play, or outdoor gatherings, along with a 2-car detached garage for extra storage and parking. Relax and unwind on the inviting oversized front porch, perfect for enjoying quiet evenings in this peaceful neighborhood. Additional features include a Michigan basement, updated kitchen, and a prime location just minutes from downtown shopping, dining, parks, and schools. Don't miss this opportunity to own a spacious home in one of Flushing's most sought-after locations!

ⓘ 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: $3,309 · $276/mo
• Projected year-2 tax: $3,309 · $276/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 ≥96°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,400
• − Mortgage interest: −$10,083
• − Property taxes: −$3,309
• − Insurance: −$900
• − Repairs & maintenance: −$2,112
• − Management: −$2,112
• − Depreciation: −$5,236
• Taxable income: $2,648
• Est. tax owed @ 24.0%: −$635
• After-tax cash flow: $4,684/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: Flushing Community Schools
• NCES district ID: 2614550
• Math proficiency: 25% ▼ -17.00%
• Reading proficiency: 41% ▼ -11.00%
• Median HH income: $58,883
• Composite: 29.48/100
• National rank: #6506
• State rank: #295 of 540 in MI

Livability — Flushing

• Score: 76/100
• State rank: #140
• US rank: #3431

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Flushing, MI
• Population (ZIP): 25,756

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 (85%)
• Race & ethnicity: White 85% Two or more races 6% Hispanic / Latino 4% Black 4%
• Common ancestry: Romanian 5% Lithuanian 3% Slovak 3%
• Foreign-born: 3% · Canada
• Languages at home: 95% English-only · Arabic 2% Spanish 1% Other Indo-European 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: ▼ -214.10%
• Current HPI: 175.93
• 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

+442.0% since first listed

63 events — show timeline

• 2026-06-17 Listed $180,000 MiRealSource-MiMLS
• 2026-06-17 Listed $180,000 REALCOMP
• 2021-01-20 Sold (Public Records) $114,900 Public Records
• 2020-12-31 Sold (MLS) $114,900 MiRealSource-MiMLS
• 2020-12-31 Sold (MLS) $114,900 REALCOMP
• 2020-10-09 Pending — REALCOMP
• 2020-10-09 Pending — MiRealSource-MiMLS
• 2020-10-06 Contingent — MiRealSource-MiMLS
• 2020-10-06 Contingent — REALCOMP
• 2020-10-01 Relisted — REALCOMP
• 2020-10-01 Relisted — MiRealSource-MiMLS
• 2020-10-01 Pending — MiRealSource-MiMLS
• 2020-09-26 Contingent — REALCOMP
• 2020-09-26 Contingent — MiRealSource-MiMLS
• 2020-09-09 Listed $114,900 REALCOMP
• 2020-09-02 Coming Soon $114,900 REALCOMP
• 2020-09-02 Listed $114,900 MiRealSource-MiMLS
• 2019-01-16 Listing Removed — REALCOMP
• 2019-01-16 Listing Removed — MiRealSource-MiMLS
• 2018-12-24 Listing Removed — REALCOMP
• 2018-11-15 Price Changed $89,900 MiRealSource-MiMLS
• 2018-11-14 Price Changed $89,900 REALCOMP
• 2018-11-06 Listed $99,000 MiRealSource-MiMLS
• 2018-11-06 Listed $99,000 REALCOMP
• 2015-12-02 Listing Removed — MiRealSource-MiMLS
• 2015-09-09 Listed $79,900 MiRealSource-MiMLS
• 2015-09-09 Listed $79,900 REALCOMP
• 2013-05-31 Sold (MLS) $29,180 REALCOMP
• 2013-05-31 Sold (MLS) $29,180 MiRealSource-MiMLS
• 2013-05-31 Sold (MLS) $29,180 REALCOMP
• 2013-05-31 Sold (MLS) $29,180 MiRealSource-MiMLS
• 2013-05-28 Sold (MLS) $29,180 MiRealSource-MiMLS
• 2013-05-28 Sold (MLS) $29,180 REALCOMP
• 2013-05-06 Listing Removed — MiRealSource-MiMLS
• 2013-05-06 Listing Removed — MiRealSource-MiMLS
• 2013-05-06 Listing Removed — MiRealSource-MiMLS
• 2013-02-07 Listed $33,210 MiRealSource-MiMLS
• 2013-02-07 Listed $33,210 REALCOMP
• 2013-02-07 Listed $33,210 REALCOMP
• 2013-02-07 Listed $33,210 MiRealSource-MiMLS
• 2012-10-23 Listing Removed — MiRealSource-MiMLS
• 2012-10-23 Listing Removed — REALCOMP
• 2011-12-20 Listed $43,000 MiRealSource-MiMLS
• 2011-12-20 Listed $43,000 REALCOMP
• 2008-05-27 Listing Removed — REALCOMP
• 2008-05-27 Listing Removed — MiRealSource-MiMLS
• 2008-02-08 Listed $120,000 REALCOMP
• 2008-02-08 Listed $120,000 MiRealSource-MiMLS
• 2006-05-05 Sold (Public Records) $104,000 Public Records
• 2006-04-10 Sold (MLS) $104,000 MiRealSource-MiMLS
• 2006-04-10 Sold (MLS) $95,000 REALCOMP
• 2006-04-10 Sold (MLS) $104,000 REALCOMP
• 2006-03-20 Listing Removed — MiRealSource-MiMLS
• 2006-02-28 Listed $99,900 REALCOMP
• 2006-02-27 Listed $99,900 MiRealSource-MiMLS
• 2006-02-27 Listed $99,900 REALCOMP
• 2000-05-15 Sold (MLS) $84,900 MiRealSource-MiMLS
• 2000-05-15 Sold (MLS) $84,900 REALCOMP
• 2000-03-12 Listing Removed — MiRealSource-MiMLS
• 2000-03-06 Listed $89,900 MiRealSource-MiMLS
• 2000-03-06 Listed $89,900 REALCOMP
• 1900-01-01 Listed $33,210 MiRealSource-MiMLS
• 1900-01-01 Listed $33,210 REALCOMP

Property tax history

+5.6%/yr

Latest (2025): $3,309 · +2.9% YoY. Source: county tax records.