343 S Silver St · Bad Axe, MI 48413

$89,900

3 bd · 1.5 ba · 1,530 sqft · SingleFamily public records · 146 Days on market

Built 1920 0.57 ac lot $59/sqft · 36% below area Est $141k · 36% under

---

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
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.3/10.0
• Livability +3.7/5.0
• Schools +3.1/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Affordable charm in the heart of the county! Welcome home to this beautifully refreshed 3 bedroom, 1 bath gem tucked away on a quiet street in the heart of the county! With 1,530 sq ft of space, this charming home offers a spacious living room perfect for cozy nights in or entertaining guests. Enjoy peace of mind with vinyl windows, new carpet in the bedrooms, and fresh exterior paint that gives the home a crisp, clean look. Start your mornings or wind down in the evenings on the large refreshed covered front porch - perfect for rocking chairs and coffee time. Sitting on a generous . 57-acre lot, there's plenty of room to garden, play, or even expand. Whether you're just starting out or ready to settle into a more peaceful pace, this home is ready to welcome you.

Key facts

• Vinyl windows
• Generous lot
• New carpet

Tags

• VINYL WINDOWS
• NEW CARPET
• FRESH EXTERIOR PAINT
• LARGE COVERED FRONT PORCH
• GENEROUS LOT

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $90k.

Deal economics

• At list price, monthly cash flow is $335 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $90k).
• Recommended offer: $79k (12.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 74/100 on livability (#179 in MI, #4,614 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools C-, commute F, employment F.
• Bad Axe Public Schools (town): math 33% / reading 41% proficiency, ranked #264 of 540 in MI (top 49%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 16 active listings in the ZIP; 67 units permitted in Huron County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $622 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Huron County population projected at -26% 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 $25k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 146 days — a 12% lower offer ($79k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 19y ago; this cycle's ask has dropped $19k (18%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1920 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $79,112 (12.0% below list)

Questions for the listing agent

1. It's been on market 146 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 1920 — 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. 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.
6. 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.
7. 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: 1.23% ✓
• Cap rate: 10.76%
• Cash-on-cash: 15.95%
• DSCR: 1.71
• GRM: 6.8

CMA / ARV

• ARV (median comp): $141,314
• List price: $89,900
• Delta: -36.38%
• Verdict: UNDERPRICED
• Comps: 19 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
315 N Hanselman St	0.64mi	3/2.0	1,564 (+2%)	23mo	$145,500	$93	45

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: 6.8%
• Equity multiple: 1.27×
• Total profit: $6,705
• Equity at exit: $13,404

10-year hold

• IRR: 16.1%
• Equity multiple: 2.32×
• Total profit: $33,131
• Equity at exit: $7,773

Cash invested: $25,172 (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 48413

• Home prices YoY: -14.6%
• Active inventory: 16
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $1,101 medium
• Mortgage (P&I): −$471
• Tax from tax record: −$27 /mo · $319/yr
• Insurance: −$37
• HOA: −$0
• Vacancy / Maint / Mgmt: −$231
• Net cashflow: $335

Break-even live

Break-even rent $678

Max offer price $89,900

Occupancy floor 65%

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: $22,475
• Closing costs: $2,697
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-05-14
   status Active 775-char remark

   Show marketing remark (791 chars)

   Affordable charm in the heart of the county! Welcome home to this beautifully refreshed 3 bedroom, 1 bath gem tucked away on a quiet street in the heart of the county! With 1,530 sq ft of space, this charming home offers a spacious living room perfect for cozy nights in or entertaining guests. Enjoy peace of mind with vinyl windows, new carpet in the bedrooms, and fresh exterior paint that gives the home a crisp, clean look. Start your mornings or wind down in the evenings on the large refreshed covered front porch — perfect for rocking chairs and coffee time. Sitting on a generous . 57-acre lot, there’s plenty of room to garden, play, or even expand. Whether you’re just starting out or ready to settle into a more peaceful pace, this home is ready to welcome you.

2. 2026-05-14
   status Active 791-char remark

   Show marketing remark (791 chars)

   Affordable charm in the heart of the county! Welcome home to this beautifully refreshed 3 bedroom, 1 bath gem tucked away on a quiet street in the heart of the county! With 1,530 sq ft of space, this charming home offers a spacious living room perfect for cozy nights in or entertaining guests. Enjoy peace of mind with vinyl windows, new carpet in the bedrooms, and fresh exterior paint that gives the home a crisp, clean look. Start your mornings or wind down in the evenings on the large refreshed covered front porch — perfect for rocking chairs and coffee time. Sitting on a generous . 57-acre lot, there’s plenty of room to garden, play, or even expand. Whether you’re just starting out or ready to settle into a more peaceful pace, this home is ready to welcome you.

3. 2026-05-10
   historical Accepting Backup Offers 775-char remark

   Show marketing remark (791 chars)

   Affordable charm in the heart of the county! Welcome home to this beautifully refreshed 3 bedroom, 1 bath gem tucked away on a quiet street in the heart of the county! With 1,530 sq ft of space, this charming home offers a spacious living room perfect for cozy nights in or entertaining guests. Enjoy peace of mind with vinyl windows, new carpet in the bedrooms, and fresh exterior paint that gives the home a crisp, clean look. Start your mornings or wind down in the evenings on the large refreshed covered front porch — perfect for rocking chairs and coffee time. Sitting on a generous . 57-acre lot, there’s plenty of room to garden, play, or even expand. Whether you’re just starting out or ready to settle into a more peaceful pace, this home is ready to welcome you.

4. 2026-05-10
   historical Active Under Contract 791-char remark

   Show marketing remark (791 chars)

   Affordable charm in the heart of the county! Welcome home to this beautifully refreshed 3 bedroom, 1 bath gem tucked away on a quiet street in the heart of the county! With 1,530 sq ft of space, this charming home offers a spacious living room perfect for cozy nights in or entertaining guests. Enjoy peace of mind with vinyl windows, new carpet in the bedrooms, and fresh exterior paint that gives the home a crisp, clean look. Start your mornings or wind down in the evenings on the large refreshed covered front porch — perfect for rocking chairs and coffee time. Sitting on a generous . 57-acre lot, there’s plenty of room to garden, play, or even expand. Whether you’re just starting out or ready to settle into a more peaceful pace, this home is ready to welcome you.

5. 2026-05-08
   price $89,900 775-char remark

   Show marketing remark (791 chars)

   Affordable charm in the heart of the county! Welcome home to this beautifully refreshed 3 bedroom, 1 bath gem tucked away on a quiet street in the heart of the county! With 1,530 sq ft of space, this charming home offers a spacious living room perfect for cozy nights in or entertaining guests. Enjoy peace of mind with vinyl windows, new carpet in the bedrooms, and fresh exterior paint that gives the home a crisp, clean look. Start your mornings or wind down in the evenings on the large refreshed covered front porch — perfect for rocking chairs and coffee time. Sitting on a generous . 57-acre lot, there’s plenty of room to garden, play, or even expand. Whether you’re just starting out or ready to settle into a more peaceful pace, this home is ready to welcome you.

6. 2026-05-08
   price $89,900 791-char remark

   Show marketing remark (791 chars)

   Affordable charm in the heart of the county! Welcome home to this beautifully refreshed 3 bedroom, 1 bath gem tucked away on a quiet street in the heart of the county! With 1,530 sq ft of space, this charming home offers a spacious living room perfect for cozy nights in or entertaining guests. Enjoy peace of mind with vinyl windows, new carpet in the bedrooms, and fresh exterior paint that gives the home a crisp, clean look. Start your mornings or wind down in the evenings on the large refreshed covered front porch — perfect for rocking chairs and coffee time. Sitting on a generous . 57-acre lot, there’s plenty of room to garden, play, or even expand. Whether you’re just starting out or ready to settle into a more peaceful pace, this home is ready to welcome you.

7. 2026-04-10
   price $94,900 775-char remark

   Show marketing remark (775 chars)

   Affordable charm in the heart of the county! Welcome home to this beautifully refreshed 3 bedroom, 1 bath gem tucked away on a quiet street in the heart of the county! With 1,530 sq ft of space, this charming home offers a spacious living room perfect for cozy nights in or entertaining guests. Enjoy peace of mind with vinyl windows, new carpet in the bedrooms, and fresh exterior paint that gives the home a crisp, clean look. Start your mornings or wind down in the evenings on the large refreshed covered front porch - perfect for rocking chairs and coffee time. Sitting on a generous . 57-acre lot, there's plenty of room to garden, play, or even expand. Whether you're just starting out or ready to settle into a more peaceful pace, this home is ready to welcome you.

8. 2026-04-09
   price $94,900 791-char remark

   Show marketing remark (791 chars)

   Affordable charm in the heart of the county! Welcome home to this beautifully refreshed 3 bedroom, 1 bath gem tucked away on a quiet street in the heart of the county! With 1,530 sq ft of space, this charming home offers a spacious living room perfect for cozy nights in or entertaining guests. Enjoy peace of mind with vinyl windows, new carpet in the bedrooms, and fresh exterior paint that gives the home a crisp, clean look. Start your mornings or wind down in the evenings on the large refreshed covered front porch — perfect for rocking chairs and coffee time. Sitting on a generous . 57-acre lot, there’s plenty of room to garden, play, or even expand. Whether you’re just starting out or ready to settle into a more peaceful pace, this home is ready to welcome you.

9. 2026-03-19
   price $99,900 775-char remark

   Show marketing remark (791 chars)

   Affordable charm in the heart of the county! Welcome home to this beautifully refreshed 3 bedroom, 1 bath gem tucked away on a quiet street in the heart of the county! With 1,530 sq ft of space, this charming home offers a spacious living room perfect for cozy nights in or entertaining guests. Enjoy peace of mind with vinyl windows, new carpet in the bedrooms, and fresh exterior paint that gives the home a crisp, clean look. Start your mornings or wind down in the evenings on the large refreshed covered front porch — perfect for rocking chairs and coffee time. Sitting on a generous . 57-acre lot, there’s plenty of room to garden, play, or even expand. Whether you’re just starting out or ready to settle into a more peaceful pace, this home is ready to welcome you.

10. 2026-03-19
    price $99,900 791-char remark

    Show marketing remark (791 chars)

    Affordable charm in the heart of the county! Welcome home to this beautifully refreshed 3 bedroom, 1 bath gem tucked away on a quiet street in the heart of the county! With 1,530 sq ft of space, this charming home offers a spacious living room perfect for cozy nights in or entertaining guests. Enjoy peace of mind with vinyl windows, new carpet in the bedrooms, and fresh exterior paint that gives the home a crisp, clean look. Start your mornings or wind down in the evenings on the large refreshed covered front porch — perfect for rocking chairs and coffee time. Sitting on a generous . 57-acre lot, there’s plenty of room to garden, play, or even expand. Whether you’re just starting out or ready to settle into a more peaceful pace, this home is ready to welcome you.

11. 2026-02-06
    price $104,900 775-char remark

    Show marketing remark (775 chars)

    Affordable charm in the heart of the county! Welcome home to this beautifully refreshed 3 bedroom, 1 bath gem tucked away on a quiet street in the heart of the county! With 1,530 sq ft of space, this charming home offers a spacious living room perfect for cozy nights in or entertaining guests. Enjoy peace of mind with vinyl windows, new carpet in the bedrooms, and fresh exterior paint that gives the home a crisp, clean look. Start your mornings or wind down in the evenings on the large refreshed covered front porch - perfect for rocking chairs and coffee time. Sitting on a generous . 57-acre lot, there's plenty of room to garden, play, or even expand. Whether you're just starting out or ready to settle into a more peaceful pace, this home is ready to welcome you.

12. 2026-02-05
    price $104,900 791-char remark

    Show marketing remark (791 chars)

    Affordable charm in the heart of the county! Welcome home to this beautifully refreshed 3 bedroom, 1 bath gem tucked away on a quiet street in the heart of the county! With 1,530 sq ft of space, this charming home offers a spacious living room perfect for cozy nights in or entertaining guests. Enjoy peace of mind with vinyl windows, new carpet in the bedrooms, and fresh exterior paint that gives the home a crisp, clean look. Start your mornings or wind down in the evenings on the large refreshed covered front porch — perfect for rocking chairs and coffee time. Sitting on a generous . 57-acre lot, there’s plenty of room to garden, play, or even expand. Whether you’re just starting out or ready to settle into a more peaceful pace, this home is ready to welcome you.

13. 2025-12-29
    listed $109,000 Active 775-char remark

    Show marketing remark (791 chars)

    Affordable charm in the heart of the county! Welcome home to this beautifully refreshed 3 bedroom, 1 bath gem tucked away on a quiet street in the heart of the county! With 1,530 sq ft of space, this charming home offers a spacious living room perfect for cozy nights in or entertaining guests. Enjoy peace of mind with vinyl windows, new carpet in the bedrooms, and fresh exterior paint that gives the home a crisp, clean look. Start your mornings or wind down in the evenings on the large refreshed covered front porch — perfect for rocking chairs and coffee time. Sitting on a generous . 57-acre lot, there’s plenty of room to garden, play, or even expand. Whether you’re just starting out or ready to settle into a more peaceful pace, this home is ready to welcome you.

14. 2025-12-29
    listed $109,000 Active 791-char remark

    Show marketing remark (791 chars)

    Affordable charm in the heart of the county! Welcome home to this beautifully refreshed 3 bedroom, 1 bath gem tucked away on a quiet street in the heart of the county! With 1,530 sq ft of space, this charming home offers a spacious living room perfect for cozy nights in or entertaining guests. Enjoy peace of mind with vinyl windows, new carpet in the bedrooms, and fresh exterior paint that gives the home a crisp, clean look. Start your mornings or wind down in the evenings on the large refreshed covered front porch — perfect for rocking chairs and coffee time. Sitting on a generous . 57-acre lot, there’s plenty of room to garden, play, or even expand. Whether you’re just starting out or ready to settle into a more peaceful pace, this home is ready to welcome you.

15. 2008-12-31
    historical
16. 2008-06-06
    listed $59,900
17. 2008-04-23
    historical
18. 2007-07-20
    listed $59,900

ⓘ 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: $319 · $27/mo
• Projected year-2 tax: $852 · $71/mo
• Expected delta: +$533/yr (+$44/mo · 166.9%)

ⓘ 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 1/10 Low 7 d/yr ≥97°F today · 13 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,216
• − Mortgage interest: −$5,036
• − Property taxes: −$319
• − Insurance: −$450
• − Repairs & maintenance: −$1,057
• − Management: −$1,057
• − Depreciation: −$2,615
• Taxable income: $2,682
• Est. tax owed @ 24.0%: −$644
• After-tax cash flow: $3,371/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: Bad Axe Public Schools
• NCES district ID: 2600017
• Math proficiency: 33% ▼ -11.00%
• Reading proficiency: 41% ▼ -12.00%
• Median HH income: $40,106
• Composite: 31.03/100
• National rank: #6088
• State rank: #264 of 540 in MI

Livability — Bad Axe

• Score: 74/100
• State rank: #179
• US rank: #4614

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bad Axe, MI
• City population: 7,404
• Population (ZIP): 7,404

Population outlook (Huron County) Hauer SSP2

• Today (2025): 29,325 people
• By 2030: 27,810 · -5.2%
• By 2040: 24,571 · -16.2%
• By 2050: 21,573 · -26.4%
• By 2075: 16,120 · -45.0%
• By 2100: 11,097 · -62.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Hispanic / Latino 5% Two or more races 4% Asian 1%
• Common ancestry: Romanian 16% Slovak 5% Lithuanian 4%
• Foreign-born: 3% · Canada, Vietnam
• Languages at home: 94% English-only · Spanish 3% Tagalog/Filipino 1% German/W. Germanic 1%

Political lean MEDSL · Huron

• 2024 margin: Solid R (+40.6) · D 29.1% · R 69.7% · Other 1.2%
• 2008→2024 swing: -40.2pp toward R · 2008: -0.4pp · 2024: -40.6pp
• All cycles: 2024: R+40.6 2020: R+39.3 2016: R+38.2 2012: R+14.8 2008: R+0.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -41.35%
• Current HPI: 241.7522
• 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

+50.1% since first listed

18 events — show timeline

• 2026-05-14 Relisted — MiRealSource-MiMLS
• 2026-05-14 Relisted — REALCOMP
• 2026-05-10 Contingent — MiRealSource-MiMLS
• 2026-05-10 Contingent — REALCOMP
• 2026-05-08 Price Changed $89,900 MiRealSource-MiMLS
• 2026-05-08 Price Changed $89,900 REALCOMP
• 2026-04-10 Price Changed $94,900 MiRealSource-MiMLS
• 2026-04-09 Price Changed $94,900 REALCOMP
• 2026-03-19 Price Changed $99,900 MiRealSource-MiMLS
• 2026-03-19 Price Changed $99,900 REALCOMP
• 2026-02-06 Price Changed $104,900 MiRealSource-MiMLS
• 2026-02-05 Price Changed $104,900 REALCOMP
• 2025-12-29 Listed $109,000 REALCOMP
• 2025-12-29 Listed $109,000 MiRealSource-MiMLS
• 2008-12-31 Listing Removed — REALCOMP
• 2008-06-06 Listed $59,900 REALCOMP
• 2008-04-23 Listing Removed — REALCOMP
• 2007-07-20 Listed $59,900 REALCOMP

Property tax history

-9.4%/yr

Latest (2025): $319 · -82.6% YoY. Source: county tax records.