334 S 24th St · Buena Vista, MI 48601

$78,000

3 bd · 1.0 ba · 1,184 sqft · SingleFamily public records · 55 Days on market

Built 1948 10,454 sqft lot

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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
• ARV discount +7.5/15.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Check out this updated 4 bedroom, 1 bath home located in a quiet neighborhood. This property features a functional layout with four well sized bedrooms, a spacious living area, a cozy family room and convenient first floor laundry. Enjoy plenty of natural light throughout, creating a warm and inviting atmosphere. Conveniently situated near local amenities and major highways, this home offers both comfort and accessibility. Whether you're looking for a place to call home or a solid investment opportunity, this property is well positioned to benefit from the area's continued growth. Also enjoy the adjacent empty lot, which is included in the sale. Schedule your showing today!

Key facts

• 0.24 acre lot
• Built 1948
• Listed 54 days

Property features AI

Finance

• HOA & community: Homeowners association present

Exterior

• Utilities: Public water; Public sewer
• Home design: Single-family residence; One story
• Construction: Vinyl siding
• Exterior features: Lot roughly 80 x 133 (0.24 acre); Subdivision: BLUERIDGE; Located near Perkins and Janes

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); No central cooling
• Interior features: Crawl space basement; Total of 6 rooms

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $78k.

Deal economics

• At list price, monthly cash flow is $559 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $78k).
• Recommended offer: $76k (3.0% below list) — sets the bar for market timing.
• Cap rate 14.9% vs local median 11.9% in Buena Vista — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 59/100 on livability (#615 in MI) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing B+; Watch: health & safety C-, schools F, crime 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: 201 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 $539 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 + 3.0% rent growth), your $22k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 55 days — a 3% lower offer ($76k) 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 1948 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $75,660 (3.0% below list)

Questions for the listing agent

1. It's been on market 55 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1948 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 1.71% ✓
• Cap rate: 14.90%
• Cash-on-cash: 30.72%
• DSCR: 2.37
• GRM: 4.9

CMA / ARV

• ARV (on-the-fly): $41,440
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
333 S 23rd St	0.10mi	3/1.0	1,191 (+1%)	14mo	$44,900	$38	83
3333 Janes Ave	0.38mi	3/1.0	1,148 (-3%)	4mo	$40,101	$35	74
3026 Janes Rd	0.07mi	4/1.0 (+1)	1,248 (+5%)	11mo	$44,000	$35	74
541 S 24th St	0.26mi	3/1.0	1,188 (+0%)	17mo	$65,500	$55	73
3026 Janes Rd	0.08mi	4/1.0 (+1)	1,248 (+5%)	11mo	$44,000	$35	73
427 S 24th St	0.10mi	3/1.5	1,040 (-12%)	4mo	$79,900	$77	70
3366 Janes Ave	0.41mi	3/1.0	1,024 (-14%)	3mo	$9,500	$9	56
2317 Annesely St	0.66mi	3/1.0	1,254 (+6%)	17mo	$4,500	$4	45
334 S 31st St	0.40mi	4/1.5 (+1)	1,304 (+10%)	16mo	$29,000	$22	45
3185 Walnut St	0.35mi	3/2.5	1,348 (+14%)	12mo	$139,000	$103	44
2229 Bancroft St	0.67mi	3/1.0	1,092 (-8%)	15mo	$15,000	$14	44
525 S 14th St	0.70mi	3/1.0	1,046 (-12%)	9mo	$48,500	$46	40

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: 25.4%
• Equity multiple: 2.05×
• Total profit: $22,967
• Equity at exit: $11,630

10-year hold

• IRR: 33.2%
• Equity multiple: 4.01×
• Total profit: $65,829
• Equity at exit: $6,744

Cash invested: $21,840 (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 48601

• Home prices YoY: -32.1%
• Active inventory: 201
• Price-to-rent: 4.9×

Monthly cashflow live

• Estimated rent: $1,334 medium
• Mortgage (P&I): −$409
• Tax from tax record: −$53 /mo · $640/yr
• Insurance: −$32
• HOA: −$0
• Vacancy / Maint / Mgmt: −$280
• Net cashflow: $559

Break-even live

Break-even rent $626

Max offer price $78,000

Occupancy floor 53%

Sensitivity live

Price	-10% $603	-5% $581	+0% $559	+5% $537	+10% $515
Rent	-10% $454	-5% $506	+0% $559	+5% $612	+10% $665
Rate	-1.0pp $598	-0.5pp $579	base $559	+0.5pp $539	+1.0pp $518

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: $19,500
• Closing costs: $2,340
• Reserves months: —
• Total cash needed: —

Listing history 18 events

1. 2026-06-19
   days on market $78,000 Active 55 DOM
2. 2026-06-18
   days on market $78,000 Active 54 DOM
3. 2026-06-17
   days on market $78,000 Active 53 DOM
4. 2026-06-16
   days on market $78,000 Active 52 DOM
5. 2026-06-15
   days on market $78,000 Active 51 DOM
6. 2026-06-14
   days on market $78,000 Active 49 DOM
7. 2026-06-12
   days on market $78,000 Active 48 DOM
8. 2026-06-09
   days on market $78,000 Active 45 DOM
9. 2026-06-08
   days on market $78,000 Active 44 DOM
10. 2026-06-07
    days on market $78,000 Active 43 DOM
11. 2026-06-05
    days on market $78,000 Active 40 DOM
12. 2026-06-03
    days on market $78,000 Active 39 DOM
13. 2026-06-02
    days on market $78,000 Active 38 DOM
14. 2026-06-01
    days on market $78,000 Active 37 DOM
15. 2026-05-31
    days on market $78,000 Active 36 DOM
16. 2026-05-30
    days on market $78,000 Active 35 DOM
17. 2026-04-26
    listed $78,000 Active
18. 2026-04-25
    listed $78,000 Active 682-char remark

    Show marketing remark (682 chars)

    Check out this updated 4 bedroom, 1 bath home located in a quiet neighborhood. This property features a functional layout with four well sized bedrooms, a spacious living area, a cozy family room and convenient first floor laundry. Enjoy plenty of natural light throughout, creating a warm and inviting atmosphere. Conveniently situated near local amenities and major highways, this home offers both comfort and accessibility. Whether you're looking for a place to call home or a solid investment opportunity, this property is well positioned to benefit from the area's continued growth. Also enjoy the adjacent empty lot, which is included in the sale. Schedule your showing today!

ⓘ 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: $640 · $53/mo
• Projected year-2 tax: $921 · $77/mo
• Expected delta: +$280/yr (+$23/mo · 43.8%)

ⓘ 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 ≥100°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: $16,011
• − Mortgage interest: −$4,369
• − Property taxes: −$640
• − Insurance: −$390
• − Repairs & maintenance: −$1,281
• − Management: −$1,281
• − Depreciation: −$2,269
• Taxable income: $5,781
• Est. tax owed @ 24.0%: −$1,387
• After-tax cash flow: $5,323/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 — Buena Vista

• Score: 59/100
• State rank: #615
• US rank: #20603

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Buena Vista, MI
• City population: 32,069
• Population (ZIP): 32,069

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 0.56)
• Race & ethnicity: Black 59% White 27% Hispanic / Latino 12% Two or more races 5%
• Hispanic origin (detail): Mexican 10%
• Common ancestry: Romanian 2% Lithuanian 2%
• Foreign-born: 1% · Canada
• Languages at home: 96% English-only · Spanish 4%

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: ▼ -93.46%
• Current HPI: 197.3359
• 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

+0.0% since first listed

2 events — show timeline

• 2026-04-26 Listed $78,000 REALCOMP
• 2026-04-25 Listed $78,000 MiRealSource-MiMLS

Property tax history

-4.9%/yr

Latest (2025): $640 · -49.8% YoY. Source: county tax records.