1415 Lyon St · Saginaw, MI 48602

$74,900

2 bd · 1.0 ba · 1,067 sqft · SingleFamily public records · 5 Days on market

Built 1918 6,534 sqft lot Est $86k · 13% under

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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 +28.5/30.0
• ARV discount +13.5/15.0
• DSCR +10.0/10.0
• 1% rule +8.4/10.0
• Rent growth +3.5/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

* Seller requests all highest and best offers by tomorrow Tuesday, 4/28/26 @ 6pm. Seller will not consider any escalation term offers, asking only for buyer's highest and best offer. * Move in ready two bed / one bath home with detached garage. Refinished hardwood floors throughout, original woodwork and built ins. New paint, newer furnace/hot water heater and new storm windows. Fully fenced backyard - book your showing today!

Key facts

• Built ins
• New storm windows
• Original woodwork

Tags

• REFINISHED HARDWOOD FLOORS
• ORIGINAL WOODWORK
• BUILT INS
• NEW STORM WINDOWS
• FULLY FENCED BACKYARD

Property features AI

Finance

• HOA & community: Homeowners association present

Exterior

• Parking: Detached garage with garage door opener; Approximately 1.5 garage spaces
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One story
• Construction: Aluminum siding; Brick/mortar foundation
• Exterior features: Fenced yard; Public-maintained road access; Lot approximately 65 x 100 (0.15 acres)

Interior

• Kitchen: Dishwasher; Oven; Range; Refrigerator
• Bedrooms: Total of 6 rooms (includes bedrooms and living spaces)
• Flooring: Hardwood
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); No central cooling listed
• Interior features: High-speed internet access; Walk-in closet(s); Basement (partial, crawl space)
• Laundry & utility: Washer; Dryer; Gas water heater

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $246 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $75k).
• Cap rate 10.2% vs local median 8.3% in Saginaw — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 63/100 on livability (#521 in MI) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools F, crime F, amenities F.
• Saginaw School District (urban): math 20% / reading 29% proficiency, ranked #444 of 540 in MI (top 82%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 76% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+4.0%/yr); 250 active listings in the ZIP; 154 units permitted in Saginaw County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $518 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Saginaw County population projected at -25% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 4.0% rent growth), your $21k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 13 sale attempts since 22y ago 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.
• Current owner paid $18k; list at $75k implies a 305% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1918 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $74,900

Questions for the listing agent

1. Built in 1918 — 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: 1.34% ✓
• Cap rate: 10.23%
• Cash-on-cash: 14.06%
• DSCR: 1.63
• GRM: 6.2

CMA / ARV

• ARV (on-the-fly): $86,427
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1415 Lyon St	0.00mi	2/1.0	1,068 (+0%)	0mo	$74,900	$70	100
310 S Bates St	0.16mi	3/1.0 (+1)	1,069 (+0%)	2mo	$42,000	$39	86
1511 Osborn St	0.29mi	2/1.0	1,041 (-2%)	1mo	$90,000	$86	82
719 S Bond St	0.22mi	3/1.0 (+1)	1,191 (+12%)	0mo	$52,500	$44	65
1715 Hancock St	0.48mi	2/1.0	970 (-9%)	1mo	$42,500	$44	62
144 Lockwood St	0.50mi	2/1.0	1,164 (+9%)	4mo	$94,000	$81	58
250 Goetz St	0.55mi	3/1.0 (+1)	1,120 (+5%)	4mo	$79,900	$71	58
1 Southlawn Ct	0.72mi	3/1.0 (+1)	1,090 (+2%)	4mo	$116,900	$107	55
828 Malzahn St	0.61mi	3/1.0 (+1)	1,138 (+7%)	3mo	$109,900	$97	53
1902 Newberry St	0.64mi	3/1.0 (+1)	1,004 (-6%)	4mo	$139,900	$139	52
1514 Marquette St	0.70mi	2/1.5	986 (-8%)	2mo	$50,000	$51	51
2821 Cooper Ave	0.74mi	2/1.0	917 (-14%)	3mo	$95,000	$104	39

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 · 3.98% rent growth · sell at horizon

5-year hold

• IRR: 5.5%
• Equity multiple: 1.22×
• Total profit: $4,548
• Equity at exit: $11,168

10-year hold

• IRR: 15.9%
• Equity multiple: 2.36×
• Total profit: $28,433
• Equity at exit: $6,476

Cash invested: $20,972 (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 48602

• Home prices YoY: -19.7%
• Rents YoY: 4.0%
• Active inventory: 250
• Price-to-rent: 6.2×

Monthly cashflow live

• Estimated rent: $1,003 medium
• Mortgage (P&I): −$393
• Tax from tax record: −$123 /mo · $1,474/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$211
• Net cashflow: $246

Break-even live

Break-even rent $692

Max offer price $74,900

Occupancy floor 70%

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: $18,725
• Closing costs: $2,247
• Reserves months: —
• Total cash needed: —

Listing history 29 events

1. 2026-04-29
   status Pending

   Show marketing remark (432 chars)

   * Seller requests all highest and best offers by tomorrow Tuesday, 4/28/26 @ 6pm. Seller will not consider any escalation term offers, asking only for buyer's highest and best offer. * Move in ready two bed / one bath home with detached garage. Refinished hardwood floors throughout, original woodwork and built ins. New paint, newer furnace/hot water heater and new storm windows. Fully fenced backyard - book your showing today!

2. 2026-04-29
   status Pending 432-char remark

   Show marketing remark (432 chars)

   * Seller requests all highest and best offers by tomorrow Tuesday, 4/28/26 @ 6pm. Seller will not consider any escalation term offers, asking only for buyer's highest and best offer. * Move in ready two bed / one bath home with detached garage. Refinished hardwood floors throughout, original woodwork and built ins. New paint, newer furnace/hot water heater and new storm windows. Fully fenced backyard - book your showing today!

3. 2026-04-24
   listed $74,900 Active

   Show marketing remark (432 chars)

   * Seller requests all highest and best offers by tomorrow Tuesday, 4/28/26 @ 6pm. Seller will not consider any escalation term offers, asking only for buyer's highest and best offer. * Move in ready two bed / one bath home with detached garage. Refinished hardwood floors throughout, original woodwork and built ins. New paint, newer furnace/hot water heater and new storm windows. Fully fenced backyard - book your showing today!

4. 2026-04-24
   listed $74,900 Active 432-char remark

   Show marketing remark (432 chars)

   * Seller requests all highest and best offers by tomorrow Tuesday, 4/28/26 @ 6pm. Seller will not consider any escalation term offers, asking only for buyer's highest and best offer. * Move in ready two bed / one bath home with detached garage. Refinished hardwood floors throughout, original woodwork and built ins. New paint, newer furnace/hot water heater and new storm windows. Fully fenced backyard - book your showing today!

5. 2018-08-24
   soldstatus $18,500 356-char remark

   Show marketing remark (356 chars)

   NEW Listing. 2 bedroom, single bath home with abundant original wood work throughout. Built in cabinetry in dining area. Full basement, 1 1/2 care detached garage and fenced back yard. HUD Home Sold AS IS without any guarantee or warranty by Seller. Buyers may go to www. sageacq.com for generic information on Lead-based paint, Radon Gas and Mold notices.

6. 2018-08-24
   soldstatus $18,500 Closed

   Show marketing remark (356 chars)

   NEW Listing. 2 bedroom, single bath home with abundant original wood work throughout. Built in cabinetry in dining area. Full basement, 1 1/2 care detached garage and fenced back yard. HUD Home Sold AS IS without any guarantee or warranty by Seller. Buyers may go to www. sageacq.com for generic information on Lead-based paint, Radon Gas and Mold notices.

7. 2018-08-10
   status Pending
8. 2018-07-30
   status Back on Market
9. 2018-07-26
   status Pending
10. 2018-07-16
    listed $19,000 356-char remark

    Show marketing remark (356 chars)

    NEW Listing. 2 bedroom, single bath home with abundant original wood work throughout. Built in cabinetry in dining area. Full basement, 1 1/2 care detached garage and fenced back yard. HUD Home Sold AS IS without any guarantee or warranty by Seller. Buyers may go to www. sageacq.com for generic information on Lead-based paint, Radon Gas and Mold notices.

11. 2018-07-16
    listed $19,000 Active

    Show marketing remark (356 chars)

    NEW Listing. 2 bedroom, single bath home with abundant original wood work throughout. Built in cabinetry in dining area. Full basement, 1 1/2 care detached garage and fenced back yard. HUD Home Sold AS IS without any guarantee or warranty by Seller. Buyers may go to www. sageacq.com for generic information on Lead-based paint, Radon Gas and Mold notices.

12. 2018-06-25
    historical
13. 2018-06-25
    historical
14. 2018-06-19
    listed $22,649 Active
15. 2018-06-19
    listed $22,649 Active
16. 2008-06-12
    soldstatus $46,155
17. 2008-05-22
    historical
18. 2008-05-21
    soldstatus $46,155
19. 2008-05-21
    soldstatus $46,155
20. 2007-06-27
    listed $49,900
21. 2007-06-27
    listed $49,900
22. 2007-06-08
    historical
23. 2007-06-08
    historical
24. 2006-12-08
    listed $59,900
25. 2006-12-08
    listed $59,900
26. 2005-04-15
    historical
27. 2005-04-15
    historical
28. 2004-10-15
    listed $49,000
29. 2004-10-15
    listed $49,000

ⓘ 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: $1,474 · $123/mo
• Projected year-2 tax: $1,474 · $123/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 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,039
• − Mortgage interest: −$4,196
• − Property taxes: −$1,474
• − Insurance: −$374
• − Repairs & maintenance: −$963
• − Management: −$963
• − Depreciation: −$2,179
• Taxable income: $1,890
• Est. tax owed @ 24.0%: −$454
• After-tax cash flow: $2,496/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: Saginaw School District
• NCES district ID: 2630390
• Math proficiency: 20% ▼ -5.00%
• Reading proficiency: 29% ▼ -3.00%
• Median HH income: $28,940
• Composite: 19.6/100
• National rank: #8755
• State rank: #444 of 540 in MI

Livability — Saginaw

• Score: 63/100
• State rank: #521
• US rank: #15424

Category grades

Amenities F Commute F 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: Saginaw, MI
• County: Saginaw County · 54,884 people
• City population: 54,884
• Metro: Saginaw, MI
• Population (ZIP): 27,127
• Household income: $46,984
• Rent vs Own: 35.8% rent · 64.2% own
• Severe rent burden: 1416.0

Population outlook (Saginaw County) Hauer SSP2

• Today (2025): 180,568 people
• By 2030: 172,302 · -4.6%
• By 2040: 153,919 · -14.8%
• By 2050: 135,519 · -24.9%
• By 2075: 97,199 · -46.2%
• By 2100: 65,037 · -64.0%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: White 50% Black 27% Hispanic / Latino 17% Two or more races 12%
• Hispanic origin (detail): Mexican 14% Puerto Rican 1%
• Common ancestry: Romanian 4% Lithuanian 3% Italian 2%
• Foreign-born: 1% · Canada
• Languages at home: 96% English-only · Spanish 3%

Political lean MEDSL · Saginaw

• 2024 margin: Toss-up / Even · D 47.7% · R 51.0% · Other 1.4%
• 2008→2024 swing: -20.6pp toward R · 2008: 17.3pp · 2024: -3.3pp
• All cycles: 2024: R+3.3 2020: D+0.3 2016: R+1.1 2012: D+11.9 2008: D+17.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -39.15%
• Current HPI: 159.8807
• Rent YoY: ▲ 3.98%
• Metro: Saginaw, 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

+52.9% since first listed

29 events — show timeline

• 2026-04-29 Pending — REALCOMP
• 2026-04-29 Pending — MiRealSource-MiMLS
• 2026-04-24 Listed $74,900 MiRealSource-MiMLS
• 2026-04-24 Listed $74,900 REALCOMP
• 2018-08-24 Sold (MLS) $18,500 MiRealSource-MiMLS
• 2018-08-24 Sold (MLS) $18,500 REALCOMP
• 2018-08-10 Pending — MiRealSource-MiMLS
• 2018-07-30 Relisted — MiRealSource-MiMLS
• 2018-07-26 Pending — MiRealSource-MiMLS
• 2018-07-16 Listed $19,000 MiRealSource-MiMLS
• 2018-07-16 Listed $19,000 REALCOMP
• 2018-06-25 Listing Removed — REALCOMP
• 2018-06-25 Listing Removed — MiRealSource-MiMLS
• 2018-06-19 Listed $22,649 MiRealSource-MiMLS
• 2018-06-19 Listed $22,649 REALCOMP
• 2008-06-12 Sold (Public Records) $46,155 Public Records
• 2008-05-22 Listing Removed — MiRealSource-MiMLS
• 2008-05-21 Sold (MLS) $46,155 REALCOMP
• 2008-05-21 Sold (MLS) $46,155 MiRealSource-MiMLS
• 2007-06-27 Listed $49,900 REALCOMP
• 2007-06-27 Listed $49,900 MiRealSource-MiMLS
• 2007-06-08 Listing Removed — REALCOMP
• 2007-06-08 Listing Removed — MiRealSource-MiMLS
• 2006-12-08 Listed $59,900 REALCOMP
• 2006-12-08 Listed $59,900 MiRealSource-MiMLS
• 2005-04-15 Listing Removed — REALCOMP
• 2005-04-15 Listing Removed — MiRealSource-MiMLS
• 2004-10-15 Listed $49,000 REALCOMP
• 2004-10-15 Listed $49,000 MiRealSource-MiMLS

Property tax history

+2.5%/yr

Latest (2025): $1,474 · -16.3% YoY. Source: county tax records.