2360 E Burt Rd · Taymouth, MI 48417

$220,000

6 bd · 3.0 ba · 2,733 sqft · SingleFamily public records · 37 Days on market

Built 1966 1.10 ac lot

---

Why this score? — see what drove the D 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 +15.9/30.0
• ARV discount +7.5/15.0
• DSCR +4.9/10.0
• Schools +3.4/10.0
• 1% rule +3.2/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

3000 sq ft 60's built schoolhouse, converted into 3 unit i bedroom each seperately metered (gas/electric) with entrance on 1st level (no stairs) . 2 Units move in ready 3rd blank slate ready to convert to your desires. Surrounded on 3 sides (and fenced) by Taymouth Township Park. All new remodeled in 2023 including roof, 2 1000 gallon concrete septic tanks, 3 mini splits, asphalt parking lot, new windows. skylights in each unit, extra large 1,000sq ft apartments.

Key facts

• Asphalt parking lot
• Remodeled in 2023
• New windows

Tags

• CONVERTED INTO 3 UNIT
• ENTRANCE ON 1ST LEVEL
• REMODELED IN 2023
• NEW WINDOWS
• SKYLIGHTS IN EACH UNIT
• ASPHALT PARKING LOT

Property features AI

Exterior

• Utilities: Private well water; Septic tank sewer
• Home design: Multi-family residential income property; One story
• Construction: Slab foundation; About 3,000 above-grade finished square feet
• Exterior features: Lot dimensions approximately 180 x 294 x 180 x 294; Approximately 1.1-acre lot

Interior

• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating (natural gas); No central cooling
• Interior features: Separate utility meters

What this means for you Summary

Snapshot

• This is a 6-bed/3.0-bath single-family listed at $220k.

Deal economics

• At list price, monthly cash flow is $104 ($1k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $181k (17.6% below list).
• Recommended offer: $181k (17.6% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• Birch Run Area Schools (rural): math 33% / reading 44% proficiency, ranked #223 of 540 in MI (top 41%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 10 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 $2k of loan paydown is wiped out by about $7k 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.

Negotiation context

• It's been on market 37 days — a 3% lower offer ($213k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 27y ago; this cycle's ask has dropped $50k (19%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $90k; list at $220k implies a 145% gain — meaningful room to come down on a strong offer.

Recommended offer $181,197 (17.6% below list)

Questions for the listing agent

1. It's been on market 37 days. Have you received any prior offers? Is the seller open to a 18% concession, seller financing, or rate buy-down credit?
2. Built in 1966 — 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.82% ✗
• Cap rate: 6.86%
• Cash-on-cash: 2.03%
• DSCR: 1.09
• GRM: 10.1

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -13.1%
• Equity multiple: 0.53×
• Total profit: $-29,098
• Equity at exit: $32,803

10-year hold

• IRR: -4.2%
• Equity multiple: 0.72×
• Total profit: $-17,155
• Equity at exit: $19,022

Cash invested: $61,600 (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 48417

• Home prices YoY: -29.9%
• Active inventory: 10
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $1,812 medium
• Mortgage (P&I): −$1,154
• Tax from tax record: −$82 /mo · $981/yr
• Insurance: −$92
• HOA: −$0
• Vacancy / Maint / Mgmt: −$381
• Net cashflow: $104

Break-even live

Break-even rent $1,680

Max offer price $220,000

Occupancy floor 89%

Sensitivity live

Price	-10% $229	-5% $167	+0% $104	+5% $42	+10% $-20
Rent	-10% $-39	-5% $33	+0% $104	+5% $176	+10% $247
Rate	-1.0pp $215	-0.5pp $160	base $104	+0.5pp $47	+1.0pp $-11

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: $55,000
• Closing costs: $6,600
• Reserves months: —
• Total cash needed: —

Listing history 31 events

1. 2026-06-21
   status $220,000 Pending 37 DOM
2. 2026-06-18
   days on market $220,000 Active 37 DOM
3. 2026-06-17
   days on market $220,000 Active 36 DOM
4. 2026-06-16
   days on market $220,000 Active 35 DOM
5. 2026-06-15
   days on market $220,000 Active 34 DOM
6. 2026-06-13
   days on market $220,000 Active 32 DOM
7. 2026-06-12
   days on market $220,000 Active 31 DOM
8. 2026-06-09
   days on market $220,000 Active 28 DOM
9. 2026-06-08
   days on market $220,000 Active 27 DOM
10. 2026-06-07
    days on market $220,000 Active 26 DOM
11. 2026-06-07
    days on market $220,000 Active 25 DOM
12. 2026-06-04
    days on market $220,000 Active 22 DOM
13. 2026-06-02
    pricedays on market $220,000 Active 21 DOM

    Show marketing remark (467 chars)

    3000 sq ft 60's built schoolhouse, converted into 3 unit i bedroom each seperately metered (gas/electric) with entrance on 1st level (no stairs) . 2 Units move in ready 3rd blank slate ready to convert to your desires. Surrounded on 3 sides (and fenced) by Taymouth Township Park. All new remodeled in 2023 including roof, 2 1000 gallon concrete septic tanks, 3 mini splits, asphalt parking lot, new windows. skylights in each unit, extra large 1,000sq ft apartments.

14. 2026-06-01
    days on market $240,000 Active 20 DOM
15. 2026-05-31
    days on market $240,000 Active 19 DOM
16. 2026-05-31
    days on market $240,000 Active 18 DOM
17. 2026-05-12
    listed $270,000 Active 467-char remark

    Show marketing remark (467 chars)

    3000 sq ft 60's built schoolhouse, converted into 3 unit i bedroom each seperately metered (gas/electric) with entrance on 1st level (no stairs) . 2 Units move in ready 3rd blank slate ready to convert to your desires. Surrounded on 3 sides (and fenced) by Taymouth Township Park. All new remodeled in 2023 including roof, 2 1000 gallon concrete septic tanks, 3 mini splits, asphalt parking lot, new windows. skylights in each unit, extra large 1,000sq ft apartments.

18. 2026-05-12
    listed $270,000 Active 467-char remark

    Show marketing remark (467 chars)

    3000 sq ft 60's built schoolhouse, converted into 3 unit i bedroom each seperately metered (gas/electric) with entrance on 1st level (no stairs) . 2 Units move in ready 3rd blank slate ready to convert to your desires. Surrounded on 3 sides (and fenced) by Taymouth Township Park. All new remodeled in 2023 including roof, 2 1000 gallon concrete septic tanks, 3 mini splits, asphalt parking lot, new windows. skylights in each unit, extra large 1,000sq ft apartments.

19. 2006-07-12
    soldstatus $89,900

    Show marketing remark (88 chars)

    BIRCH RUN AREA - 3 unit - Spacious over 3,000 sq. ft. located next to Taymouth Twp. Park

20. 2006-03-08
    historical

    Show marketing remark (88 chars)

    BIRCH RUN AREA - 3 unit - Spacious over 3,000 sq. ft. located next to Taymouth Twp. Park

21. 2005-02-07
    listed $97,900

    Show marketing remark (88 chars)

    BIRCH RUN AREA - 3 unit - Spacious over 3,000 sq. ft. located next to Taymouth Twp. Park

22. 2003-09-21
    historical
23. 2002-09-21
    listed $94,900
24. 2002-08-26
    historical
25. 2002-02-26
    listed $94,900
26. 2001-12-16
    historical
27. 2001-04-16
    listed $97,900
28. 2000-11-09
    historical
29. 2000-05-09
    listed $99,900
30. 2000-03-30
    historical
31. 1999-03-30
    listed $99,900

ⓘ 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: $981 · $82/mo
• Projected year-2 tax: $2,185 · $182/mo
• Expected delta: +$1,203/yr (+$100/mo · 122.6%)

ⓘ 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 3/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥98°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: $21,744
• − Mortgage interest: −$12,323
• − Property taxes: −$981
• − Insurance: −$1,100
• − Repairs & maintenance: −$1,739
• − Management: −$1,739
• − Depreciation: −$6,400
• Taxable loss: −$2,540
• Est. tax savings @ 24.0%: +$610
• After-tax cash flow: $1,861/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: Birch Run Area Schools
• NCES district ID: 2605820
• Math proficiency: 33% ▼ -7.00%
• Reading proficiency: 44% ▼ -4.00%
• Median HH income: $53,432
• Composite: 33.54/100
• National rank: #5430
• State rank: #223 of 540 in MI

Livability — Taymouth

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: Burt, MI
• Population (ZIP): 2,310

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: Predominantly White (86%)
• Race & ethnicity: White 86% Two or more races 10% Hispanic / Latino 7% Asian 1%
• Hispanic origin (detail): Mexican 5%
• Common ancestry: Lithuanian 11% Romanian 9% Slovak 2%
• Foreign-born: 1%
• Languages at home: 98% English-only · Spanish 2%

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: ▼ -86.25%
• Current HPI: 202.2839
• 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

+120.2% since first listed

19 events — show timeline

• 2026-06-02 Price Changed $220,000 MiRealSource-MiMLS
• 2026-06-02 Price Changed $220,000 REALCOMP
• 2026-05-21 Price Changed $240,000 MiRealSource-MiMLS
• 2026-05-21 Price Changed $240,000 REALCOMP
• 2026-05-12 Listed $270,000 REALCOMP
• 2026-05-12 Listed $270,000 MiRealSource-MiMLS
• 2006-07-12 Sold (MLS) $89,900 MiRealSource-MiMLS
• 2006-03-08 Listing Removed — MiRealSource-MiMLS
• 2005-02-07 Listed $97,900 MiRealSource-MiMLS
• 2003-09-21 Listing Removed — MiRealSource-MiMLS
• 2002-09-21 Listed $94,900 MiRealSource-MiMLS
• 2002-08-26 Listing Removed — MiRealSource-MiMLS
• 2002-02-26 Listed $94,900 MiRealSource-MiMLS
• 2001-12-16 Listing Removed — MiRealSource-MiMLS
• 2001-04-16 Listed $97,900 MiRealSource-MiMLS
• 2000-11-09 Listing Removed — MiRealSource-MiMLS
• 2000-05-09 Listed $99,900 MiRealSource-MiMLS
• 2000-03-30 Listing Removed — MiRealSource-MiMLS
• 1999-03-30 Listed $99,900 MiRealSource-MiMLS

Property tax history

-8.1%/yr

Latest (2025): $981 · -78.6% YoY. Source: county tax records.