1676 Springwood Ave · Bagley, MI 49735

$140,000

4 bd · 1.0 ba · 916 sqft · SingleFamily · 650 Days on market

10,018 sqft lot $153/sqft · 6% below area Est $149k · 6% under

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Why this score? — see what drove the C 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 +22.2/30.0
• ARV discount +10.2/15.0
• DSCR +7.1/10.0
• 1% rule +4.7/10.0
• Schools +4.1/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This beautifully remodeled mobile home seamlessly combines modern amenities with timeless charm, offering a fresh, contemporary living space. Upon entering, you're greeted by an open-concept layout that maximizes space and light. Close to downtown Gaylord and all that it has to offer. Come see this beautiful property while it lasts!

Key facts

• Open-concept layout
• Close to downtown
• 0.23 acre lot

Tags

• REMODELED MOBILE HOME
• OPEN-CONCEPT LAYOUT
• CLOSE TO DOWNTOWN

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $227 ($3k/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 $136k (2.8% below list).
• Recommended offer: $123k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads: area grade C — affects rentability + tenant quality, not the cash-flow math above.
• Gaylord Community Schools (rural): math 43% / reading 53% proficiency, ranked #123 of 540 in MI (top 23%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 206 active listings in the ZIP; 24 units permitted in Otsego County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $968 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Otsego County population projected at -11% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 650 days — a 12% lower offer ($123k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 10y ago; this cycle's ask has dropped $20k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $17k; list at $140k implies a 736% gain — meaningful room to come down on a strong offer.

Recommended offer $123,200 (12.0% below list)

Questions for the listing agent

1. It's been on market 650 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 0.97% ✗
• Cap rate: 8.24%
• Cash-on-cash: 6.95%
• DSCR: 1.31
• GRM: 8.6

CMA / ARV

• ARV (median comp): $148,779
• List price: $140,000
• Delta: -5.90%
• Verdict: FAIR
• Comps: 8 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1336 Groveland Ave	0.40mi	3/1.0 (-1)	900 (-2%)	15mo	$37,000	$41	61
1859 Orange Grove Ave	0.18mi	3/1.5 (-1)	1,000 (+9%)	11mo	$50,000	$50	60
1848 Melvindale Dr	0.20mi	3/2.0 (-1)	1,040 (+14%)	6mo	$164,000	$158	54

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: -5.7%
• Equity multiple: 0.79×
• Total profit: $-8,269
• Equity at exit: $20,874

10-year hold

• IRR: 3.9%
• Equity multiple: 1.29×
• Total profit: $11,217
• Equity at exit: $12,105

Cash invested: $39,200 (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 49735

• Home prices YoY: -27.8%
• Active inventory: 206
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $1,361 medium
• Mortgage (P&I): −$734
• Tax from tax record: −$56 /mo · $670/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$286
• Net cashflow: $227

Break-even live

Break-even rent $1,074

Max offer price $140,000

Occupancy floor 78%

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Listing history 30 events

1. 2026-06-18
   days on market $140,000 Active 650 DOM
2. 2026-06-17
   days on market $140,000 Active 649 DOM
3. 2026-06-16
   days on market $140,000 Active 648 DOM
4. 2026-06-15
   days on market $140,000 Active 647 DOM
5. 2026-06-13
   days on market $140,000 Active 645 DOM
6. 2026-06-12
   days on market $140,000 Active 644 DOM
7. 2026-06-09
   days on market $140,000 Active 641 DOM
8. 2026-06-08
   days on market $140,000 Active 640 DOM
9. 2026-06-07
   days on market $140,000 Active 639 DOM
10. 2026-06-07
    days on market $140,000 Active 638 DOM
11. 2026-06-04
    days on market $140,000 Active 635 DOM
12. 2026-06-02
    days on market $140,000 Active 634 DOM
13. 2026-06-01
    days on market $140,000 Active 633 DOM
14. 2026-05-31
    days on market $140,000 Active 632 DOM
15. 2026-05-31
    days on market $140,000 Active 631 DOM
16. 2026-02-23
    status Active 334-char remark

    Show marketing remark (334 chars)

    This beautifully remodeled mobile home seamlessly combines modern amenities with timeless charm, offering a fresh, contemporary living space. Upon entering, you're greeted by an open-concept layout that maximizes space and light. Close to downtown Gaylord and all that it has to offer. Come see this beautiful property while it lasts!

17. 2026-02-19
    price $140,000 334-char remark

    Show marketing remark (334 chars)

    This beautifully remodeled mobile home seamlessly combines modern amenities with timeless charm, offering a fresh, contemporary living space. Upon entering, you're greeted by an open-concept layout that maximizes space and light. Close to downtown Gaylord and all that it has to offer. Come see this beautiful property while it lasts!

18. 2025-09-10
    status Active 334-char remark

    Show marketing remark (334 chars)

    This beautifully remodeled mobile home seamlessly combines modern amenities with timeless charm, offering a fresh, contemporary living space. Upon entering, you're greeted by an open-concept layout that maximizes space and light. Close to downtown Gaylord and all that it has to offer. Come see this beautiful property while it lasts!

19. 2025-08-09
    historical Active Under Contract 334-char remark

    Show marketing remark (334 chars)

    This beautifully remodeled mobile home seamlessly combines modern amenities with timeless charm, offering a fresh, contemporary living space. Upon entering, you're greeted by an open-concept layout that maximizes space and light. Close to downtown Gaylord and all that it has to offer. Come see this beautiful property while it lasts!

20. 2025-07-02
    status Active 334-char remark

    Show marketing remark (334 chars)

    This beautifully remodeled mobile home seamlessly combines modern amenities with timeless charm, offering a fresh, contemporary living space. Upon entering, you're greeted by an open-concept layout that maximizes space and light. Close to downtown Gaylord and all that it has to offer. Come see this beautiful property while it lasts!

21. 2025-06-20
    historical Active Under Contract 334-char remark

    Show marketing remark (334 chars)

    This beautifully remodeled mobile home seamlessly combines modern amenities with timeless charm, offering a fresh, contemporary living space. Upon entering, you're greeted by an open-concept layout that maximizes space and light. Close to downtown Gaylord and all that it has to offer. Come see this beautiful property while it lasts!

22. 2025-06-04
    status Active 334-char remark

    Show marketing remark (334 chars)

    This beautifully remodeled mobile home seamlessly combines modern amenities with timeless charm, offering a fresh, contemporary living space. Upon entering, you're greeted by an open-concept layout that maximizes space and light. Close to downtown Gaylord and all that it has to offer. Come see this beautiful property while it lasts!

23. 2025-05-21
    historical Active Under Contract 334-char remark

    Show marketing remark (334 chars)

    This beautifully remodeled mobile home seamlessly combines modern amenities with timeless charm, offering a fresh, contemporary living space. Upon entering, you're greeted by an open-concept layout that maximizes space and light. Close to downtown Gaylord and all that it has to offer. Come see this beautiful property while it lasts!

24. 2025-03-24
    price $145,000 334-char remark

    Show marketing remark (334 chars)

    This beautifully remodeled mobile home seamlessly combines modern amenities with timeless charm, offering a fresh, contemporary living space. Upon entering, you're greeted by an open-concept layout that maximizes space and light. Close to downtown Gaylord and all that it has to offer. Come see this beautiful property while it lasts!

25. 2025-03-04
    status Active 334-char remark

    Show marketing remark (334 chars)

    This beautifully remodeled mobile home seamlessly combines modern amenities with timeless charm, offering a fresh, contemporary living space. Upon entering, you're greeted by an open-concept layout that maximizes space and light. Close to downtown Gaylord and all that it has to offer. Come see this beautiful property while it lasts!

26. 2024-12-16
    price $150,000 334-char remark

    Show marketing remark (334 chars)

    This beautifully remodeled mobile home seamlessly combines modern amenities with timeless charm, offering a fresh, contemporary living space. Upon entering, you're greeted by an open-concept layout that maximizes space and light. Close to downtown Gaylord and all that it has to offer. Come see this beautiful property while it lasts!

27. 2024-09-18
    price $155,000 334-char remark

    Show marketing remark (334 chars)

    This beautifully remodeled mobile home seamlessly combines modern amenities with timeless charm, offering a fresh, contemporary living space. Upon entering, you're greeted by an open-concept layout that maximizes space and light. Close to downtown Gaylord and all that it has to offer. Come see this beautiful property while it lasts!

28. 2024-09-03
    listed $160,000 Active 334-char remark

    Show marketing remark (334 chars)

    This beautifully remodeled mobile home seamlessly combines modern amenities with timeless charm, offering a fresh, contemporary living space. Upon entering, you're greeted by an open-concept layout that maximizes space and light. Close to downtown Gaylord and all that it has to offer. Come see this beautiful property while it lasts!

29. 2016-08-19
    listed $16,750
30. 2016-08-17
    soldstatus $16,750

ⓘ 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: $670 · $56/mo
• Projected year-2 tax: $1,413 · $118/mo
• Expected delta: +$743/yr (+$62/mo · 110.9%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 1/10 Low 7 d/yr ≥93°F today · 13 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $16,337
• − Mortgage interest: −$7,842
• − Property taxes: −$670
• − Insurance: −$700
• − Repairs & maintenance: −$1,307
• − Management: −$1,307
• − Depreciation: −$4,073
• Taxable income: $438
• Est. tax owed @ 24.0%: −$105
• After-tax cash flow: $2,621/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: Gaylord Community Schools
• NCES district ID: 2615730
• Math proficiency: 43% ▼ -5.00%
• Reading proficiency: 53% ▼ -5.00%
• Median HH income: $48,682
• Composite: 40.97/100
• National rank: #3597
• State rank: #123 of 540 in MI

Livability — Bagley

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Population (ZIP): 20,678

Population outlook (Otsego County) Hauer SSP2

• Today (2025): 24,175 people
• By 2030: 23,836 · -1.4%
• By 2040: 22,718 · -6.0%
• By 2050: 21,411 · -11.4%
• By 2075: 18,864 · -22.0%
• By 2100: 15,011 · -37.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 4% Hispanic / Latino 2%
• Common ancestry: Romanian 12% Lithuanian 6% Slovak 2%
• Foreign-born: 1% · Canada
• Languages at home: 97% English-only · Other Indo-European 1% German/W. Germanic 1%

Political lean MEDSL · Otsego

• 2024 margin: Solid R (+35.3) · D 31.6% · R 67.0% · Other 1.4%
• 2008→2024 swing: -26.5pp toward R · 2008: -8.9pp · 2024: -35.3pp
• All cycles: 2024: R+35.3 2020: R+34.1 2016: R+37.6 2012: R+19.7 2008: R+8.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -94.52%
• Current HPI: 245.8639
• 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

+735.8% since first listed

15 events — show timeline

• 2026-02-23 Relisted — WWMLS
• 2026-02-19 Price Changed $140,000 WWMLS
• 2025-09-10 Relisted — WWMLS
• 2025-08-09 Contingent — WWMLS
• 2025-07-02 Relisted — WWMLS
• 2025-06-20 Contingent — WWMLS
• 2025-06-04 Relisted — WWMLS
• 2025-05-21 Contingent — WWMLS
• 2025-03-24 Price Changed $145,000 WWMLS
• 2025-03-04 Relisted — WWMLS
• 2024-12-16 Price Changed $150,000 WWMLS
• 2024-09-18 Price Changed $155,000 WWMLS
• 2024-09-03 Listed $160,000 WWMLS
• 2016-08-19 Listed $16,750 WWMLS
• 2016-08-17 Sold (MLS) $16,750 WWMLS

Property tax history

+10.2%/yr

Latest (2025): $670 · +1.1% YoY. Source: county tax records.