1239 Poplar St · Flint, MI 48503

$29,999

3 bd · 1.0 ba · 1,008 sqft · SingleFamily public records · 83 Days on market

Built 1910 3,049 sqft lot Est $28k · 6% over

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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
• Rent growth +5.0/5.0
• ARV discount +4.7/15.0
• Livability +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

New roof and several updates already completed. Property includes heating, electricity, and plumbing systems in place. Located near downtown, offering convenient access to local amenities. Features include a basement and a garage, providing additional functionality and space. Home is in need of completion, making it a great opportunity for a buyer looking to add value or customize to their own preferences. Property is being sold as-is.

Key facts

• Heating systems
• Plumbing systems
• Convenient access

Tags

• NEW ROOF
• HEATING SYSTEMS
• ELECTRICITY SYSTEMS
• PLUMBING SYSTEMS
• LOCATED NEAR DOWNTOWN
• CONVENIENT ACCESS

Property features AI

Exterior

• Parking: Detached 1-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Two levels; Ground-level entry with steps
• Construction: Vinyl siding; Block foundation; Above-grade finished area approximately 1,030
• Exterior features: Paved road access; Lot dimensions approximately 25 x 120 feet

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); No central cooling
• Interior features: Unfinished basement; Total of 4 rooms

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $30k.

Deal economics

• At list price, monthly cash flow is $577 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $30k).
• Recommended offer: $28k (6.0% below list) — sets the bar for market timing.
• Cap rate 29.4% 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); 136 active listings in the ZIP; 5 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 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 $207 of loan paydown is wiped out by about $900 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 $8k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 83 days — a 6% lower offer ($28k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 13y ago; this cycle's ask has dropped $5k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

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

Recommended offer $28,199 (6.0% below list)

Questions for the listing agent

1. It's been on market 83 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1910 — 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: 3.39% ✓
• Cap rate: 29.39%
• Cash-on-cash: 82.48%
• DSCR: 4.67
• GRM: 2.5

CMA / ARV

• ARV (on-the-fly): $28,224
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1241 Poplar St	0.01mi	4/2.0 (+1)	1,030 (+2%)	1mo	$25,650	$25	87
5206 Winsford By Way	0.41mi	3/1.0	986 (-2%)	10mo	$52,000	$53	69
1215 Bennett Ave	0.61mi	2/1.0 (-1)	1,001 (-1%)	5mo	$31,000	$31	61
1106 Decker St	0.24mi	3/1.0	1,056 (+5%)	24mo	$30,000	$28	61
1702 Nebraska Ave	0.58mi	2/1.0 (-1)	998 (-1%)	10mo	$28,000	$28	58
1809 Kentucky Ave	0.68mi	3/1.0	1,038 (+3%)	10mo	$24,000	$23	55
1640 Kentucky Ave	0.54mi	3/1.5	1,060 (+5%)	14mo	$12,000	$11	53
1041 Nelson St	0.32mi	4/1.5 (+1)	912 (-10%)	15mo	$38,500	$42	50
1729 Ohio Ave	0.67mi	3/1.0	1,056 (+5%)	18mo	$25,000	$24	45
1220 Minnesota Ave	0.59mi	2/1.0 (-1)	884 (-12%)	7mo	$26,500	$30	41
1629 Ohio Ave	0.56mi	2/1.0 (-1)	1,092 (+8%)	18mo	$20,000	$18	40
1818 Kansas Ave	0.70mi	2/1.5 (-1)	858 (-15%)	9mo	$14,000	$16	28

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: 88.5%
• Equity multiple: 5.44×
• Total profit: $37,306
• Equity at exit: $4,473

10-year hold

• IRR: 92.7%
• Equity multiple: 13.43×
• Total profit: $104,386
• Equity at exit: $2,594

Cash invested: $8,400 (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 48503

• Home prices YoY: -27.7%
• Rents YoY: 12.3%
• Active inventory: 136
• Price-to-rent: 2.5×

Monthly cashflow live

• Estimated rent: $1,016 high
• Mortgage (P&I): −$157
• Tax from tax record: −$56 /mo · $669/yr
• Insurance: −$12
• HOA: −$0
• Vacancy / Maint / Mgmt: −$213
• Net cashflow: $577

Break-even live

Break-even rent $286

Max offer price $29,999

Occupancy floor 38%

Sensitivity live

Price	-10% $594	-5% $586	+0% $577	+5% $569	+10% $560
Rent	-10% $497	-5% $537	+0% $577	+5% $617	+10% $658
Rate	-1.0pp $592	-0.5pp $585	base $577	+0.5pp $570	+1.0pp $562

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: $7,500
• Closing costs: $900
• Reserves months: —
• Total cash needed: —

Rent comps 5 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1605 Kearsley Park Blvd Flint, MI	2.0	1.0	875	$975	$1.11	14d	1	0.50mi
1553 Illinois Ave Flint, MI	2.0	1.0	702	$900	$1.28	22d	1	0.54mi
2621 Churchill Ave Flint, MI	2.0	1.0	736	$795	$1.08	14d	1	1.23mi
501 S Meade St Flint, MI	2.0	1.0	850	$695	$0.82	14d	1	1.23mi
1540 Garland St Flint, MI	3.0	2.5	1344	$1,017	$0.76	22d	1	1.27mi

Listing history 25 events

1. 2026-06-21
   days on market $29,999 Active 83 DOM
2. 2026-06-18
   days on market $29,999 Active 80 DOM
3. 2026-06-17
   days on market $29,999 Active 79 DOM
4. 2026-06-16
   days on market $29,999 Active 78 DOM
5. 2026-06-15
   days on market $29,999 Active 77 DOM
6. 2026-06-14
   days on market $29,999 Active 75 DOM
7. 2026-06-13
   days on market $29,999 Active 74 DOM
8. 2026-06-10
   days on market $29,999 Active 72 DOM
9. 2026-06-09
   days on market $29,999 Active 71 DOM
10. 2026-06-08
    days on market $29,999 Active 70 DOM
11. 2026-06-07
    days on market $29,999 Active 69 DOM
12. 2026-06-05
    days on market $29,999 Active 66 DOM
13. 2026-06-03
    days on market $29,999 Active 65 DOM
14. 2026-06-02
    days on market $29,999 Active 64 DOM
15. 2026-06-01
    days on market $29,999 Active 63 DOM
16. 2026-05-31
    days on market $29,999 Active 62 DOM
17. 2026-05-30
    days on market $29,999 Active 61 DOM
18. 2026-05-07
    price $29,999 439-char remark

    Show marketing remark (439 chars)

    New roof and several updates already completed. Property includes heating, electricity, and plumbing systems in place. Located near downtown, offering convenient access to local amenities. Features include a basement and a garage, providing additional functionality and space. Home is in need of completion, making it a great opportunity for a buyer looking to add value or customize to their own preferences. Property is being sold as-is.

19. 2026-05-06
    price $29,999
20. 2026-03-30
    listed $35,000 Active 439-char remark

    Show marketing remark (439 chars)

    New roof and several updates already completed. Property includes heating, electricity, and plumbing systems in place. Located near downtown, offering convenient access to local amenities. Features include a basement and a garage, providing additional functionality and space. Home is in need of completion, making it a great opportunity for a buyer looking to add value or customize to their own preferences. Property is being sold as-is.

21. 2026-03-30
    listed $35,000 Active

    Show marketing remark (439 chars)

    New roof and several updates already completed. Property includes heating, electricity, and plumbing systems in place. Located near downtown, offering convenient access to local amenities. Features include a basement and a garage, providing additional functionality and space. Home is in need of completion, making it a great opportunity for a buyer looking to add value or customize to their own preferences. Property is being sold as-is.

22. 2013-10-09
    historical
23. 2013-10-08
    historical
24. 2013-07-31
    listed $7,500
25. 2013-07-31
    listed $7,500

ⓘ 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: $669 · $56/mo
• Projected year-2 tax: $669 · $56/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 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,196
• − Mortgage interest: −$1,680
• − Property taxes: −$669
• − Insurance: −$150
• − Repairs & maintenance: −$976
• − Management: −$976
• − Depreciation: −$873
• Taxable income: $6,872
• Est. tax owed @ 24.0%: −$1,649
• After-tax cash flow: $5,278/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

+300.0% since first listed

8 events — show timeline

• 2026-05-07 Price Changed $29,999 MiRealSource-MiMLS
• 2026-05-06 Price Changed $29,999 REALCOMP
• 2026-03-30 Listed $35,000 REALCOMP
• 2026-03-30 Listed $35,000 MiRealSource-MiMLS
• 2013-10-09 Listing Removed — MiRealSource-MiMLS
• 2013-10-08 Listing Removed — REALCOMP
• 2013-07-31 Listed $7,500 REALCOMP
• 2013-07-31 Listed $7,500 MiRealSource-MiMLS

Property tax history

+2.0%/yr

Latest (2025): $669 · +1.3% YoY. Source: county tax records.