2419 North Blvd · Port Huron, MI 48060

$100,000

24 bd · 16.0 ba · 2,700 sqft · SingleFamily · 21 Days on market

Built 1912 6,098 sqft lot

---

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
• ARV discount +7.5/15.0
• Rent growth +3.4/5.0
• Livability +3.2/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

INVESTOR OPPORTUNITY Rare multi-family investment property with strong income potential in Port Huron. Originally constructed as a 4-unit apartment building, all four units still exist; however, buyers are responsible for verifying permitted unit count and zoning compliance with the City of Port Huron. The property features two 2-bedroom units and two 1-bedroom units, offering excellent flexibility for long-term rental income and portfolio expansion. With solid rental potential and value-add opportunities, this property is ideal for investors, landlords, or rehab specialists seeking a multi-unit asset. Property is being sold strictly “As-Is, ” and purchaser assumes the property in its current condition.

Key facts

• 6,098 sq ft lot
• Built 1912
• Listed 21 days

Property features AI

Finance

• Other: Pets allowed; Paved road access with alley frontage; Lot approximately 0.14 acres (50 x 120); Zoned residential

Exterior

• Utilities: Public water; Public sewer
• Home design: Multi-family residential property; Two stories
• Construction: Aluminum siding; Block foundation
• Exterior features: Covered porch

Interior

• Bathrooms: 4 full bathrooms
• Heating & cooling: Hot water heating (natural gas); No central air conditioning
• Interior features: Full unfinished walk-out basement

What this means for you Summary

Snapshot

• This is a 24-bed/16.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $674 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $100k).
• Recommended offer: $98k (1.5% below list) — sets the bar for market timing.
• Cap rate 14.4% vs local median 4.6% in Port Huron — 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 65/100 on livability (#445 in MI) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: amenities C-, health & safety D, schools F.
• Port Huron Area School District (suburban): math 23% / reading 37% proficiency, ranked #368 of 540 in MI (top 68%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+3.6%/yr); 220 active listings in the ZIP; 232 units permitted in St. Clair County in 2024 (0 in 5+ unit buildings).
• This rent runs 41% of the median local income ($53k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $691 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• St. Clair County population projected at -20% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.6% rent growth), your $28k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 21 days — a 2% lower offer ($98k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts 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 1912 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $98,500 (1.5% below list)

Questions for the listing agent

1. Built in 1912 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
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: 1.82% ✓
• Cap rate: 14.38%
• Cash-on-cash: 28.90%
• DSCR: 2.29
• GRM: 4.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 3.61% rent growth · sell at horizon

5-year hold

• IRR: 24.0%
• Equity multiple: 2.00×
• Total profit: $27,944
• Equity at exit: $14,910

10-year hold

• IRR: 32.3%
• Equity multiple: 4.02×
• Total profit: $84,617
• Equity at exit: $8,646

Cash invested: $28,000 (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 48060

• Rents YoY: 3.6%
• Active inventory: 220
• Price-to-rent: 4.6×

Monthly cashflow live

• Estimated rent: $1,825 medium
• Mortgage (P&I): −$524
• Tax from tax record: −$201 /mo · $2,412/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$383
• Net cashflow: $674

Break-even live

Break-even rent $971

Max offer price $100,000

Occupancy floor 58%

Sensitivity live

Price	-10% $731	-5% $703	+0% $674	+5% $646	+10% $618
Rent	-10% $530	-5% $602	+0% $674	+5% $746	+10% $818
Rate	-1.0pp $725	-0.5pp $700	base $674	+0.5pp $648	+1.0pp $622

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: $25,000
• Closing costs: $3,000
• Reserves months: —
• Total cash needed: —

Listing history 16 events

1. 2026-06-18
   days on market $100,000 Active 21 DOM
2. 2026-06-17
   days on market $100,000 Active 20 DOM
3. 2026-06-16
   days on market $100,000 Active 19 DOM
4. 2026-06-15
   days on market $100,000 Active 18 DOM
5. 2026-06-13
   days on market $100,000 Active 16 DOM
6. 2026-06-13
   days on market $100,000 Active 15 DOM
7. 2026-06-09
   days on market $100,000 Active 12 DOM
8. 2026-06-08
   days on market $100,000 Active 11 DOM
9. 2026-06-07
   days on market $100,000 Active 10 DOM
10. 2026-06-04
    days on market $100,000 Active 7 DOM
11. 2026-06-03
    days on market $100,000 Active 6 DOM
12. 2026-06-02
    days on market $100,000 Active 5 DOM
13. 2026-06-01
    days on market $100,000 Active 4 DOM
14. 2026-05-31
    days on market $100,000 Active 3 DOM
15. 2026-05-28
    listed $100,000 Active

    Show marketing remark (744 chars)

    INVESTOR OPPORTUNITY Rare multi-family investment property with strong income potential in Port Huron. Originally constructed as a 4-unit apartment building, all four units still exist; however, buyers are responsible for verifying permitted unit count and zoning compliance with the City of Port Huron. The property features two 2-bedroom units and two 1-bedroom units, offering excellent flexibility for long-term rental income and portfolio expansion. With solid rental potential and value-add opportunities, this property is ideal for investors, landlords, or rehab specialists seeking a multi-unit asset. Property is being sold strictly “As-Is, ” and purchaser assumes the property in its current condition.

16. 2026-05-28
    listed $100,000 Active 744-char remark

    Show marketing remark (744 chars)

    INVESTOR OPPORTUNITY Rare multi-family investment property with strong income potential in Port Huron. Originally constructed as a 4-unit apartment building, all four units still exist; however, buyers are responsible for verifying permitted unit count and zoning compliance with the City of Port Huron. The property features two 2-bedroom units and two 1-bedroom units, offering excellent flexibility for long-term rental income and portfolio expansion. With solid rental potential and value-add opportunities, this property is ideal for investors, landlords, or rehab specialists seeking a multi-unit asset. Property is being sold strictly “As-Is, ” and purchaser assumes the property in its current condition.

ⓘ 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: $2,412 · $201/mo
• Projected year-2 tax: $2,412 · $201/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 ≥99°F today · 14 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $21,895
• − Mortgage interest: −$5,602
• − Property taxes: −$2,412
• − Insurance: −$500
• − Repairs & maintenance: −$1,752
• − Management: −$1,752
• − Depreciation: −$2,909
• Taxable income: $6,969
• Est. tax owed @ 24.0%: −$1,673
• After-tax cash flow: $6,419/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: Port Huron Area School District
• NCES district ID: 2628830
• Math proficiency: 23% ▼ -5.00%
• Reading proficiency: 37% ▼ -2.00%
• Median HH income: $42,093
• Composite: 25.4/100
• National rank: #7462
• State rank: #368 of 540 in MI

Livability — Port Huron

• Score: 65/100
• State rank: #445
• US rank: #12478

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Port Huron, MI
• County: Saint Clair County · 44,760 people
• City population: 39,342
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 39,342
• Household income: $53,018
• Rent vs Own: 37.0% rent · 63.0% own
• Severe rent burden: 1808.0

Population outlook (St. Clair County) Hauer SSP2

• Today (2025): 154,587 people
• By 2030: 150,031 · -2.9%
• By 2040: 138,177 · -10.6%
• By 2050: 124,390 · -19.5%
• By 2075: 95,825 · -38.0%
• By 2100: 68,672 · -55.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (80%)
• Race & ethnicity: White 80% Black 7% Two or more races 7% Hispanic / Latino 6%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Romanian 6% Lithuanian 4% Slovak 3%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · St. Clair

• 2024 margin: Solid R (+34.6) · D 32.0% · R 66.6% · Other 1.4%
• 2008→2024 swing: -37.3pp toward R · 2008: 2.6pp · 2024: -34.6pp
• All cycles: 2024: R+34.6 2020: R+30.2 2016: R+31.4 2012: R+7.1 2008: D+2.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -134.75%
• Current HPI: 177.2401
• Rent YoY: ▲ 3.61%
• Metro: Detroit-Warren-Dearborn, 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

+0.0% since first listed

2 events — show timeline

• 2026-05-28 Listed $100,000 REALCOMP
• 2026-05-28 Listed $100,000 MiRealSource-MiMLS

Property tax history

+4.8%/yr

Latest (2025): $2,412 · -5.8% YoY. Source: county tax records.