309 W Ruth Ave · Flint, MI 48505

$30,000

2 bd · 1.0 ba · 1,008 sqft · SingleFamily public records · 23 Days on market

Built 1955 4,356 sqft lot Est $33k · 10% 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 +30.0/30.0
• ARV discount +11.9/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Appreciation +6.3/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.1/10.0

Listing remarks MLS

Cute 2 bedroom 1 bath home with full basement.

Key facts

• 4,356 sq ft lot
• Built 1955
• Listed 23 days

Property features AI

Finance

• Financial info: Annual tax amount reported
• HOA & community: Homeowners association present

Exterior

• Utilities: Public water; Public sewer
• Home design: Single-family residence; One story
• Construction: Vinyl siding
• Exterior features: Lot in the Robinwood subdivision; Lot dimensions approximately 4,356 sq ft (0.1 acre); Cross street: South of Carpenter / North of Homes

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); No cooling
• Interior features: One-level layout; Basement present; Total of 2 rooms

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $30k.

Deal economics

• At list price, monthly cash flow is $526 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($941 rent vs $30k).
• Recommended offer: $30k (1.5% below list) — sets the bar for market timing.
• Cap rate 27.3% vs local median 11.5% in Flint — 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 74/100 on livability (#196 in MI, #4,946 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: schools F, crime F, employment F.
• Flint School District (urban): math 7% / reading 13% proficiency, ranked #714 of 760 in MI (top 94%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 83% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 99 active listings in the ZIP; 8 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); lower-income renter base — watch delinquency; 419 units permitted in Genesee County in 2024 (68 in 5+ unit buildings).
• This rent runs 34% of the median local income ($33k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $1k of equity ($207 loan paydown + $802 appreciation (2.7% local appreciation)).
• Genesee County population projected at -27% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (2.7% appreciation + 3.0% rent growth), your $8k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($30k) 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 1955 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $29,550 (1.5% below list)

Questions for the listing agent

1. Built in 1955 — 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: 3.14% ✓
• Cap rate: 27.32%
• Cash-on-cash: 75.08%
• DSCR: 4.34
• GRM: 2.7

CMA / ARV

• ARV (on-the-fly): $33,264
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
309 W Ruth Ave	0.00mi	2/1.0	1,008 (0%)	0mo	$27,000	$27	100
813 Chatham Dr	0.37mi	3/1.5 (+1)	942 (-6%)	1mo	$33,700	$36	64
626 W Austin Ave	0.22mi	3/1.5 (+1)	869 (-14%)	1mo	$34,000	$39	59
402 W Gracelawn Ave	0.29mi	2/1.0	864 (-14%)	8mo	$4,669	$5	56
5722 Susan St	0.62mi	3/1.0 (+1)	989 (-2%)	8mo	$33,000	$33	56
5909 Edwards Ave	0.42mi	3/1.0 (+1)	936 (-7%)	10mo	$20,600	$22	55
306 W Parkway Ave	0.51mi	2/1.0	918 (-9%)	8mo	$14,900	$16	55
6611 Sally Ct	0.58mi	3/1.0 (+1)	1,120 (+11%)	2mo	$21,420	$19	48
7005 Daryll St	0.59mi	3/1.5 (+1)	1,093 (+8%)	8mo	$43,000	$39	44
329 W Pulaski Ave	0.69mi	3/1.0 (+1)	923 (-8%)	9mo	$31,000	$34	41
1510 Juliah Ave	0.62mi	3/1.0 (+1)	864 (-14%)	11mo	$39,969	$46	33
638 W Pulaski Ave	0.71mi	3/1.0 (+1)	870 (-14%)	9mo	$13,000	$15	32

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

2.67% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 79.4%
• Equity multiple: 5.36×
• Total profit: $36,595
• Equity at exit: $12,942

10-year hold

• IRR: 79.1%
• Equity multiple: 11.01×
• Total profit: $84,043
• Equity at exit: $19,530

Cash invested: $8,400 (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 48505

• Home prices YoY: 1.3%
• Active inventory: 99
• Price-to-rent: 2.7×

Monthly cashflow live

• Estimated rent: $941 high
• Mortgage (P&I): −$157
• Tax from tax record: −$48 /mo · $580/yr
• Insurance: −$12
• HOA: −$0
• Vacancy / Maint / Mgmt: −$198
• Net cashflow: $526

Break-even live

Break-even rent $276

Max offer price $30,000

Occupancy floor 39%

Sensitivity live

Price	-10% $543	-5% $534	+0% $526	+5% $517	+10% $509
Rent	-10% $451	-5% $488	+0% $526	+5% $563	+10% $600
Rate	-1.0pp $541	-0.5pp $533	base $526	+0.5pp $518	+1.0pp $510

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: $7,500
• Closing costs: $900
• Reserves months: —
• Total cash needed: —

Rent comps 8 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
514 W Alma Ave Flint, MI	3.0	1.0	894	$925	$1.03	14d	1	0.24mi
6802 DuPont St Flint, MI	3.0	1.0	1200	$1,000	$0.83	22d	1	0.33mi
100 Rosewood Mnr Flint, MI	2.0	1.5	1159	$947	$0.82	14d	1	0.41mi
5813 Edwards Ave Flint, MI	3.0	1.0	1500	$899	$0.60	14d	1	0.42mi
246 E York Ave Flint, MI	2.0	1.0	800	$895	$1.12	14d	1	0.43mi
411 W Marengo Ave Flint, MI	3.0	1.0	1350	$1,072	$0.79	14d	1	0.74mi
5905 Griggs Dr Flint, MI	3.0	1.0	940	$1,000	$1.06	14d	1	0.94mi
5280 Cedar Shores Ct Flint, MI	2.0–3.0	2.0	1150	$881	$0.77	14d	6	1.45mi

Listing history 7 events

1. 2026-06-03
   status $30,000 Pending 23 DOM
2. 2026-06-02
   days on market $30,000 Active 23 DOM
3. 2026-06-01
   days on market $30,000 Active 22 DOM
4. 2026-05-31
   days on market $30,000 Active 21 DOM
5. 2026-05-30
   days on market $30,000 Active 20 DOM
6. 2026-05-11
   listed $30,000 Active
7. 2026-05-10
   listed $30,000 Active 46-char remark

   Show marketing remark (46 chars)

   Cute 2 bedroom 1 bath home with full basement.

ⓘ 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: $580 · $48/mo
• Projected year-2 tax: $580 · $48/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 ≥97°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,298
• − Mortgage interest: −$1,680
• − Property taxes: −$580
• − Insurance: −$150
• − Repairs & maintenance: −$904
• − Management: −$904
• − Depreciation: −$873
• Taxable income: $6,207
• Est. tax owed @ 24.0%: −$1,490
• After-tax cash flow: $4,817/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: Flint School District
• NCES district ID: 2614520
• Math proficiency: 7% ▬ 0.00%
• Reading proficiency: 13% ▲ 3.00%
• Median HH income: $25,954
• Composite: 10.97/100
• National rank: #14642
• State rank: #714 of 760 in MI

Livability — Flint

• Score: 74/100
• State rank: #196
• US rank: #4946

Category grades

Amenities A- Commute A+ 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: Flint, MI
• County: Genesee County · 221,329 people
• City population: 93,814
• Metro: Flint, MI
• Population (ZIP): 18,032
• Household income: $33,283
• Rent vs Own: 51.7% rent · 48.3% own
• Severe rent burden: 960.0

Population outlook (Genesee County) Hauer SSP2

• Today (2025): 381,312 people
• By 2030: 362,731 · -4.9%
• By 2040: 321,550 · -15.7%
• By 2050: 279,212 · -26.8%
• By 2075: 193,336 · -49.3%
• By 2100: 128,118 · -66.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (79%)
• Race & ethnicity: Black 79% White 11% Two or more races 6% Hispanic / Latino 3%
• Common ancestry: Romanian 1% Iranian 1% Lithuanian 1%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Genesee

• 2024 margin: Toss-up / Even · D 51.4% · R 47.2% · Other 1.4%
• 2008→2024 swing: -28.3pp toward R · 2008: 32.5pp · 2024: 4.2pp
• All cycles: 2024: D+4.2 2020: D+9.3 2016: D+9.5 2012: D+28.2 2008: D+32.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 2.67%
• Current HPI: 202.4878
• Rent YoY: —
• Metro: Flint, 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

• 2026-05-11 Listed $30,000 REALCOMP
• 2026-05-10 Listed $30,000 MiRealSource-MiMLS

Property tax history

+0.8%/yr

Latest (2025): $580 · +4.8% YoY. Source: county tax records.