2221 Howard Ave · Flint, MI 48503

$15,000

2 bd · 1.0 ba · 560 sqft · SingleFamily public records · 210 Days on market

Built 1923 5,227 sqft lot ↓ 40% since listing

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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 +15.0/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +5.0/10.0
• 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

Charming fixer-upper with potential! Located near Thread Lake, this property offers a partial view of the water and a peaceful residential setting. With a bit of TLC, this home could be restored to its full charm — perfect for a first-time buyer looking to build equity or an investor seeking a project with solid upside potential. The home features a traditional layout with generous yard space and convenient access to local parks, schools, and expressways. Sold as-is; buyer to verify all information. BATVAI

Key facts

• Generous yard space
• 5,227 sq ft lot
• Built 1923

Tags

• GENEROUS YARD SPACE
• CONVENIENT ACCESS TO SCHOOLS

Property features AI

Finance

• HOA & community: Homeowners association present

Exterior

• Utilities: Public water; Public sewer
• Home design: Single-family residence; One story
• Construction: Aluminum siding
• Exterior features: Lot dimensions approximately 106 x 53; Lot size about 0.12 acres

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); No cooling
• Interior features: Basement present; Total of 2 rooms

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $15k.

Deal economics

• At list price, monthly cash flow is $614 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($908 rent vs $15k).
• Recommended offer: $13k (12.0% below list) — sets the bar for market timing.
• Cap rate 55.4% vs local median 11.5% in Flint — 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 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; 2 comparable units currently listed for rent nearby; 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 $104 of loan paydown is wiped out by about $450 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 $4k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 210 days — a 12% lower offer ($13k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 23y 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.

Risks & watch-outs

• Watch-outs: built in 1923 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $13,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 210 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1923 — 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. 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?
8. 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.
9. 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.
10. 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: 6.06% ✓
• Cap rate: 55.42%
• Cash-on-cash: 175.44%
• DSCR: 8.81
• GRM: 1.4

CMA / ARV

• ARV (on-the-fly): $61,040
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
133 Orville St	0.40mi	1/1.0 (-1)	610 (+9%)	0mo	$66,500	$109	61

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: —
• Equity multiple: 10.88×
• Total profit: $41,493
• Equity at exit: $2,237

10-year hold

• IRR: —
• Equity multiple: 26.81×
• Total profit: $108,397
• Equity at exit: $1,297

Cash invested: $4,200 (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 48503

• Home prices YoY: -27.7%
• Rents YoY: 12.3%
• Active inventory: 135
• Price-to-rent: 1.4×

Monthly cashflow live

• Estimated rent: $908 medium
• Mortgage (P&I): −$79
• Tax est. 1.5%: −$19 /mo · $225/yr
• Insurance: −$6
• HOA: −$0
• Vacancy / Maint / Mgmt: −$191
• Net cashflow: $614

Break-even live

Break-even rent $131

Max offer price $15,000

Occupancy floor 27%

Sensitivity live

Price	-10% $624	-5% $619	+0% $614	+5% $609	+10% $604
Rent	-10% $542	-5% $578	+0% $614	+5% $650	+10% $686
Rate	-1.0pp $622	-0.5pp $618	base $614	+0.5pp $610	+1.0pp $606

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: $3,750
• Closing costs: $450
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1023 Barrie Ave Flint, MI	2.0	1.0	660	$775	$1.17	21d	1	1.35mi
813 Alvord Ave Flint, MI	2.0	1.0	724	$850	$1.17	14d	1	1.45mi

Listing history 22 events

1. 2026-06-13
   statusdays on market $15,000 Pending 210 DOM
2. 2026-06-10
   days on market $15,000 Active 209 DOM
3. 2026-06-09
   days on market $15,000 Active 208 DOM
4. 2026-06-08
   days on market $15,000 Active 207 DOM
5. 2026-06-07
   days on market $15,000 Active 206 DOM
6. 2026-06-05
   days on market $15,000 Active 203 DOM
7. 2026-06-03
   days on market $15,000 Active 202 DOM
8. 2026-06-02
   days on market $15,000 Active 201 DOM
9. 2026-06-01
   days on market $15,000 Active 200 DOM
10. 2026-05-31
    days on market $15,000 Active 199 DOM
11. 2026-05-30
    days on market $15,000 Active 198 DOM
12. 2025-11-12
    listed $15,000 Active 517-char remark

    Show marketing remark (517 chars)

    Charming fixer-upper with potential! Located near Thread Lake, this property offers a partial view of the water and a peaceful residential setting. With a bit of TLC, this home could be restored to its full charm — perfect for a first-time buyer looking to build equity or an investor seeking a project with solid upside potential. The home features a traditional layout with generous yard space and convenient access to local parks, schools, and expressways. Sold as-is; buyer to verify all information. BATVAI

13. 2025-11-12
    listed $15,000 Active

    Show marketing remark (517 chars)

    Charming fixer-upper with potential! Located near Thread Lake, this property offers a partial view of the water and a peaceful residential setting. With a bit of TLC, this home could be restored to its full charm — perfect for a first-time buyer looking to build equity or an investor seeking a project with solid upside potential. The home features a traditional layout with generous yard space and convenient access to local parks, schools, and expressways. Sold as-is; buyer to verify all information. BATVAI

14. 2010-12-06
    historical
15. 2010-12-06
    historical
16. 2006-06-12
    soldstatus $25,000
17. 2004-05-20
    historical
18. 2003-12-23
    listed $19,000
19. 2003-12-23
    listed $19,000
20. 2003-02-12
    listed $24,900
21. 2003-02-12
    listed $24,900
22. 2003-02-12
    historical

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

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 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,902
• − Mortgage interest: −$840
• − Property taxes: −$225
• − Insurance: −$75
• − Repairs & maintenance: −$872
• − Management: −$872
• − Depreciation: −$436
• Taxable income: $7,581
• Est. tax owed @ 24.0%: −$1,819
• After-tax cash flow: $5,549/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

-39.8% since first listed

11 events — show timeline

• 2025-11-12 Listed $15,000 REALCOMP
• 2025-11-12 Listed $15,000 MiRealSource-MiMLS
• 2010-12-06 Listing Removed — REALCOMP
• 2010-12-06 Listing Removed — REALCOMP
• 2006-06-12 Sold (Public Records) $25,000 Public Records
• 2004-05-20 Listing Removed — MiRealSource-MiMLS
• 2003-12-23 Listed $19,000 MiRealSource-MiMLS
• 2003-12-23 Listed $19,000 REALCOMP
• 2003-02-12 Listing Removed — MiRealSource-MiMLS
• 2003-02-12 Listed $24,900 MiRealSource-MiMLS
• 2003-02-12 Listed $24,900 REALCOMP

Property tax history

+7.3%/yr

Latest (2025): $845 · +1.5% YoY. Source: county tax records.