3422 Race St · Flint, MI 48504

$8,500

3 bd · 1.0 ba · 1,441 sqft · SingleFamily public records · 208 Days on market

Built 1949 5,227 sqft lot

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

Listing remarks MLS

A property with great potential, ready for renovation or updates to bring it to its full value. Ideal for investors or buyers looking to customize a home to their taste. Homes must be complete with remodeling withing twelve months.

Key facts

• 5,227 sq ft lot
• Built 1949
• Listed 208 days

Property features AI

Exterior

• Parking: No garage
• Utilities: Public water; Public sewer (sewer available)
• Home design: Single-family residence; One and one-half stories; Ground-level entry with steps
• Construction: Wood siding; Block foundation
• Exterior features: Paved road access; Lot approximately 0.12 acres (50 x 100)

Interior

• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating (natural gas); No cooling
• Interior features: Unfinished basement; Six total rooms

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $8k.

Deal economics

• At list price, monthly cash flow is $691 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($948 rent vs $8k).
• Recommended offer: $7k (12.0% below list) — sets the bar for market timing.
• Cap rate 103.8% 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: 131 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals at typical pace (median 14d on market — plan ~3-4 weeks tenant-placement turnaround); 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 $59 of loan paydown is wiped out by about $255 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 + 3.0% rent growth), your $2k cash investment doubles in ~1 year — after that, you're playing with house money.

Negotiation context

• It's been on market 208 days — a 12% lower offer ($7k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 26y ago; this cycle's ask has dropped $1k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $2k; list at $8k implies a 372% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1949 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $7,480 (12.0% below list)

Questions for the listing agent

1. It's been on market 208 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 1949 — 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: 11.16% ✓
• Cap rate: 103.78%
• Cash-on-cash: 348.15%
• DSCR: 16.49
• GRM: 0.7

CMA / ARV

• ARV (on-the-fly): $34,584
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3101 Brynmawr Pl	0.61mi	3/1.0	1,478 (+3%)	1mo	$50,000	$34	66
606 Stewart Ave	0.52mi	3/2.0	1,375 (-5%)	3mo	$5,000	$4	62
3002 Proctor St	0.33mi	4/2.0 (+1)	1,550 (+8%)	7mo	$99,500	$64	57
3505 Cassius St	0.41mi	3/1.5	1,510 (+5%)	18mo	$41,500	$27	55
3002 N Chevrolet Ave	0.28mi	2/1.0 (-1)	1,648 (+14%)	7mo	$29,500	$18	52
506 Green St	0.71mi	3/1.0	1,312 (-9%)	1mo	$52,000	$40	51
325 W Dewey St	0.28mi	4/1.0 (+1)	1,224 (-15%)	7mo	$25,000	$20	51
3913 Sterling St	0.39mi	3/1.5	1,600 (+11%)	15mo	$82,297	$51	49
326 E Mcclellan St	0.75mi	4/1.5 (+1)	1,466 (+2%)	12mo	$9,700	$7	45
3822 Leerda St	0.58mi	2/1.5 (-1)	1,250 (-13%)	9mo	$30,000	$24	36
4118 Lawndale Ave	0.46mi	4/1.0 (+1)	1,262 (-12%)	20mo	$22,500	$18	36
114 W Stewart Ave	0.68mi	2/1.0 (-1)	1,227 (-15%)	7mo	$19,000	$15	32

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: —
• Equity multiple: 18.91×
• Total profit: $42,615
• Equity at exit: $1,267

10-year hold

• IRR: —
• Equity multiple: 40.41×
• Total profit: $93,796
• Equity at exit: $735

Cash invested: $2,380 (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 48504

• Active inventory: 131
• Price-to-rent: 0.7×

Monthly cashflow live

• Estimated rent: $948 high
• Mortgage (P&I): −$45
• Tax est. 1.5%: −$11 /mo · $128/yr
• Insurance: −$4
• HOA: −$0
• Vacancy / Maint / Mgmt: −$199
• Net cashflow: $691

Break-even live

Break-even rent $74

Max offer price $8,500

Occupancy floor 22%

Sensitivity live

Price	-10% $696	-5% $693	+0% $691	+5% $688	+10% $685
Rent	-10% $616	-5% $653	+0% $691	+5% $728	+10% $765
Rate	-1.0pp $695	-0.5pp $693	base $691	+0.5pp $688	+1.0pp $686

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: $2,125
• Closing costs: $255
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
711 W Dewey St Flint, MI	3.0	1.0	1011	$925	$0.91	21d	1	0.12mi
411 W Marengo Ave Flint, MI	3.0	1.0	1350	$1,072	$0.79	14d	1	0.88mi
5413 DuPont St Flint, MI	4.0	1.5	1038	$900	$0.87	21d	1	1.12mi
100 Rosewood Mnr Flint, MI	2.0	1.5	1159	$947	$0.82	14d	1	1.25mi
1540 Garland St Flint, MI	3.0	2.5	1344	$1,017	$0.76	21d	1	1.28mi
5813 Edwards Ave Flint, MI	3.0	1.0	1500	$899	$0.60	14d	1	1.33mi
5905 Griggs Dr Flint, MI	3.0	1.0	940	$1,000	$1.06	14d	1	1.49mi

Listing history 41 events

1. 2026-06-18
   days on market $8,500 Active 208 DOM
2. 2026-06-17
   days on market $8,500 Active 207 DOM
3. 2026-06-16
   days on market $8,500 Active 206 DOM
4. 2026-06-15
   days on market $8,500 Active 205 DOM
5. 2026-06-14
   days on market $8,500 Active 203 DOM
6. 2026-06-13
   days on market $8,500 Active 202 DOM
7. 2026-06-10
   days on market $8,500 Active 200 DOM
8. 2026-06-09
   days on market $8,500 Active 199 DOM
9. 2026-06-08
   days on market $8,500 Active 198 DOM
10. 2026-06-07
    days on market $8,500 Active 197 DOM
11. 2026-06-05
    days on market $8,500 Active 194 DOM
12. 2026-06-03
    days on market $8,500 Active 193 DOM
13. 2026-06-02
    days on market $8,500 Active 192 DOM
14. 2026-06-01
    days on market $8,500 Active 191 DOM
15. 2026-05-31
    days on market $8,500 Active 190 DOM
16. 2026-05-30
    days on market $8,500 Active 189 DOM
17. 2025-12-16
    price $8,500 231-char remark

    Show marketing remark (231 chars)

    A property with great potential, ready for renovation or updates to bring it to its full value. Ideal for investors or buyers looking to customize a home to their taste. Homes must be complete with remodeling withing twelve months.

18. 2025-12-15
    price $8,500
19. 2025-12-01
    status Active
20. 2025-11-30
    historical
21. 2025-11-21
    listed $9,900 Active

    Show marketing remark (231 chars)

    A property with great potential, ready for renovation or updates to bring it to its full value. Ideal for investors or buyers looking to customize a home to their taste. Homes must be complete with remodeling withing twelve months.

22. 2025-11-21
    listed $9,900 Active 231-char remark

    Show marketing remark (231 chars)

    A property with great potential, ready for renovation or updates to bring it to its full value. Ideal for investors or buyers looking to customize a home to their taste. Homes must be complete with remodeling withing twelve months.

23. 2012-03-27
    soldstatus $1,800 111-char remark

    Show marketing remark (111 chars)

    Great Investment Opportunity! This 1.5 story home offers 3 bedrooms, 1 bath, full basement. 2 car garage, deck.

24. 2012-03-27
    soldstatus $1,800

    Show marketing remark (111 chars)

    Great Investment Opportunity! This 1.5 story home offers 3 bedrooms, 1 bath, full basement. 2 car garage, deck.

25. 2012-02-28
    soldstatus $1,800
26. 2012-02-28
    soldstatus $1,800
27. 2012-02-17
    historical 111-char remark

    Show marketing remark (111 chars)

    Great Investment Opportunity! This 1.5 story home offers 3 bedrooms, 1 bath, full basement. 2 car garage, deck.

28. 2012-02-17
    historical

    Show marketing remark (111 chars)

    Great Investment Opportunity! This 1.5 story home offers 3 bedrooms, 1 bath, full basement. 2 car garage, deck.

29. 2011-05-26
    listed $2,499 111-char remark

    Show marketing remark (111 chars)

    Great Investment Opportunity! This 1.5 story home offers 3 bedrooms, 1 bath, full basement. 2 car garage, deck.

30. 2011-05-26
    listed $2,499

    Show marketing remark (111 chars)

    Great Investment Opportunity! This 1.5 story home offers 3 bedrooms, 1 bath, full basement. 2 car garage, deck.

31. 2011-05-26
    listed $2,499

    Show marketing remark (111 chars)

    Great Investment Opportunity! This 1.5 story home offers 3 bedrooms, 1 bath, full basement. 2 car garage, deck.

32. 2011-05-26
    listed $2,499

    Show marketing remark (111 chars)

    Great Investment Opportunity! This 1.5 story home offers 3 bedrooms, 1 bath, full basement. 2 car garage, deck.

33. 2001-01-29
    soldstatus $58,700
34. 2001-01-29
    soldstatus $58,700
35. 2001-01-03
    historical
36. 2000-10-23
    listed $55,000
37. 2000-10-23
    listed $55,000
38. 2000-09-18
    historical
39. 2000-09-18
    listed $50,000
40. 2000-09-18
    historical
41. 2000-09-18
    listed $50,000

ⓘ 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 ≥96°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: $11,381
• − Mortgage interest: −$476
• − Property taxes: −$128
• − Insurance: −$42
• − Repairs & maintenance: −$910
• − Management: −$910
• − Depreciation: −$247
• Taxable income: $8,667
• Est. tax owed @ 24.0%: −$2,080
• After-tax cash flow: $6,206/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
• City population: 93,814
• Population (ZIP): 23,873

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 Black (66%)
• Race & ethnicity: Black 66% White 24% Two or more races 6% Hispanic / Latino 5% Asian 1%
• Common ancestry: Romanian 2% Lithuanian 1% Italian 1%
• Foreign-born: 3% · Canada, China
• Languages at home: 96% 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: ▼ -101.67%
• Current HPI: 94.3111
• 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

-83.0% since first listed

25 events — show timeline

• 2025-12-16 Price Changed $8,500 MiRealSource-MiMLS
• 2025-12-15 Price Changed $8,500 REALCOMP
• 2025-12-01 Relisted — REALCOMP
• 2025-11-30 Listing Removed — REALCOMP
• 2025-11-21 Listed $9,900 REALCOMP
• 2025-11-21 Listed $9,900 MiRealSource-MiMLS
• 2012-03-27 Sold (MLS) $1,800 REALCOMP
• 2012-03-27 Sold (MLS) $1,800 MiRealSource-MiMLS
• 2012-02-28 Sold (MLS) $1,800 MiRealSource-MiMLS
• 2012-02-28 Sold (MLS) $1,800 REALCOMP
• 2012-02-17 Listing Removed — MiRealSource-MiMLS
• 2012-02-17 Listing Removed — MiRealSource-MiMLS
• 2011-05-26 Listed $2,499 MiRealSource-MiMLS
• 2011-05-26 Listed $2,499 REALCOMP
• 2011-05-26 Listed $2,499 REALCOMP
• 2011-05-26 Listed $2,499 MiRealSource-MiMLS
• 2001-01-29 Sold (MLS) $58,700 REALCOMP
• 2001-01-29 Sold (MLS) $58,700 MiRealSource-MiMLS
• 2001-01-03 Listing Removed — MiRealSource-MiMLS
• 2000-10-23 Listed $55,000 REALCOMP
• 2000-10-23 Listed $55,000 MiRealSource-MiMLS
• 2000-09-18 Listed $50,000 MiRealSource-MiMLS
• 2000-09-18 Listing Removed — MiRealSource-MiMLS
• 2000-09-18 Listed $50,000 REALCOMP
• 2000-09-18 Listing Removed — REALCOMP

Property tax history

+25.9%/yr

Latest (2018): $1,999 · +74.6% YoY. Source: county tax records.