2103 Lynnwood Ave · Saginaw, MI 48601

$33,500

3 bd · 1.0 ba · 1,215 sqft · SingleFamily public records · 85 Days on market

Built 1939 6,098 sqft lot Est $34k · at est.

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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 +8.2/15.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks

3 Bedroom, 1 bath Cape Cod Furnace in crawl space. 2 Car det garage for storage. City of Saginaw. Great starter! or investment.

Key facts

• 6,098 sq ft lot
• 2 garage spots
• Built 1939

Property features AI

Exterior

• Parking: Detached 2-car garage
• Utilities: Public water; Public sanitary sewer; Natural gas service
• Home design: Residential property; 1 1/2-story design; Built in 1939
• Construction: Masonite exterior; Crawlspace foundation
• Exterior features: Road frontage; No water features

Interior

• Kitchen: Main-level kitchen (13 x 10) with carpet; Adjacent dining room (14 x 11) on main level
• Bedrooms: Main-level primary bedroom (13 x 9) with carpet; Second-level bedroom (11 x 10) with carpet; Second-level bedroom (approx. 10 wide)
• Flooring: Carpet throughout main living areas and bedrooms
• Bathrooms: One full bathroom on main level
• Heating & cooling: Natural gas heating; Space heater system
• Interior features: Seven total rooms; Living room on main level

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $34k.

Deal economics

• At list price, monthly cash flow is $755 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $34k).
• Recommended offer: $31k (6.0% below list) — sets the bar for market timing.
• Cap rate 33.4% vs local median 8.3% in Saginaw — 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 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: 199 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 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 $232 of loan paydown is wiped out by about $1k 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 $9k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 85 days — a 6% lower offer ($31k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1939 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $31,490 (6.0% below list)

Questions for the listing agent

1. It's been on market 85 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 1939 — 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: 3.73% ✓
• Cap rate: 33.35%
• Cash-on-cash: 96.64%
• DSCR: 5.30
• GRM: 2.2

CMA / ARV

• ARV (on-the-fly): $34,020
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3232 Ruckle St	0.52mi	3/1.0	1,174 (-3%)	4mo	$41,000	$35	67
2312 Parkwood Ave	0.43mi	3/1.0	1,176 (-3%)	14mo	$15,000	$13	63
2401 Parkwood Ave	0.47mi	3/1.0	1,180 (-3%)	14mo	$16,001	$14	62
1928 Parkwood Ave	0.43mi	2/1.0 (-1)	1,105 (-9%)	5mo	$31,100	$28	56
2306 Collingwood Ave	0.16mi	4/1.0 (+1)	1,370 (+13%)	13mo	$38,000	$28	56
2611 Hazelwood Ave	0.32mi	4/2.0 (+1)	1,351 (+11%)	5mo	$35,000	$26	53
2018 S Jefferson Ave	0.70mi	3/1.0	1,272 (+5%)	14mo	$60,000	$47	48
1521 Fenton St	0.63mi	3/1.0	1,100 (-10%)	9mo	$28,000	$25	47
2610 Oakwood Ave	0.43mi	3/1.0	1,345 (+11%)	20mo	$30,000	$22	45
2201 Parkwood Ave	0.44mi	3/1.0	1,042 (-14%)	14mo	$60,000	$58	44
2527 Prescott Ave	0.57mi	2/1.0 (-1)	1,120 (-8%)	20mo	$65,000	$58	39
1432 Cornelia St	0.64mi	3/1.0	1,034 (-15%)	8mo	$23,000	$22	38

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: 97.6%
• Equity multiple: 5.55×
• Total profit: $42,701
• Equity at exit: $4,995

10-year hold

• IRR: —
• Equity multiple: 11.58×
• Total profit: $99,211
• Equity at exit: $2,896

Cash invested: $9,380 (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: 199
• Price-to-rent: 2.2×

Monthly cashflow live

• Estimated rent: $1,250 medium
• Mortgage (P&I): −$176
• Tax from tax record: −$42 /mo · $510/yr
• Insurance: −$14
• HOA: −$0
• Vacancy / Maint / Mgmt: −$262
• Net cashflow: $755

Break-even live

Break-even rent $294

Max offer price $33,500

Occupancy floor 35%

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: $8,375
• Closing costs: $1,005
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3328 Webber St Saginaw, MI	3.0	1.0	878	$1,250	$1.42	43d	1	0.49mi

Listing history 17 events

1. 2026-06-19
   days on market $33,500 Active 85 DOM
2. 2026-06-18
   days on market $33,500 Active 84 DOM
3. 2026-06-17
   days on market $33,500 Active 83 DOM
4. 2026-06-16
   days on market $33,500 Active 82 DOM
5. 2026-06-15
   days on market $33,500 Active 81 DOM
6. 2026-06-14
   days on market $33,500 Active 79 DOM
7. 2026-06-12
   days on market $33,500 Active 78 DOM
8. 2026-06-09
   days on market $33,500 Active 75 DOM
9. 2026-06-08
   days on market $33,500 Active 74 DOM
10. 2026-06-07
    days on market $33,500 Active 73 DOM
11. 2026-06-05
    days on market $33,500 Active 70 DOM
12. 2026-06-03
    days on market $33,500 Active 69 DOM
13. 2026-06-02
    days on market $33,500 Active 68 DOM
14. 2026-06-01
    days on market $33,500 Active 67 DOM
15. 2026-05-31
    days on market $33,500 Active 66 DOM
16. 2026-05-30
    days on market $33,500 Active 65 DOM
17. 2026-03-26
    listed $39,900 Active

ⓘ 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: $510 · $42/mo
• Projected year-2 tax: $513 · $43/mo
• Expected delta: +$3/yr ($0/mo · 0.6%)

ⓘ 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: $15,000
• − Mortgage interest: −$1,877
• − Property taxes: −$510
• − Insurance: −$168
• − Repairs & maintenance: −$1,200
• − Management: −$1,200
• − Depreciation: −$975
• Taxable income: $9,072
• Est. tax owed @ 24.0%: −$2,177
• After-tax cash flow: $6,887/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
• City population: 54,884
• 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

1 event — show timeline

• 2026-03-26 Listed $39,900 MiRealSource-MiMLS

Property tax history

-2.4%/yr

Latest (2025): $510 · -44.7% YoY. Source: county tax records.