1409 Kearney St · Port Huron, MI 48060

$115,000

2 bd · 1.0 ba · 1,101 sqft · SingleFamily · 47 Days on market

Built 1918 3,920 sqft lot $104/sqft · 14% below area Est $133k · 14% under

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Why this score? — see what drove the C+ 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 +22.0/30.0
• ARV discount +13.6/15.0
• DSCR +7.0/10.0
• 1% rule +6.2/10.0
• Rent growth +3.4/5.0
• Livability +3.2/5.0
• Schools +2.5/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Back on the market through no fault of this house! Buyer vanished on closing day. This house passed inspection and appraisal. Welcome home to this cozy and well maintained 1101 sq ft bungalow offering comfort, convenience, and key updates throughout. Featuring a 4 year old roof and fully fenced yard complete with a parking pad to accommodate your boat or RV. Step inside to find a spacious living area filled with natural light, a large kitchen with plenty of cabinet and counter space, and separate dining room. The smart layout includes a spacious living room, 2 bedrooms and the convenience of main floor laundry, and all laminate flooring making everyday living easy and efficient. Whether you're a first time buyer, investor, or looking for a low-maintenance home, this home is truly move-in ready. This home is certified by the City of Port Huron for a rental property.

Key facts

• Laminate flooring
• Main floor laundry
• Parking pad

Tags

• 4 YEAR OLD ROOF
• FULLY FENCED YARD
• PARKING PAD
• MAIN FLOOR LAUNDRY
• LAMINATE FLOORING

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $115k.

Deal economics

• At list price, monthly cash flow is $183 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $115k).
• Recommended offer: $112k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.2% vs local median 4.6% in Port Huron — 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 65/100 on livability (#445 in MI) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: amenities C-, health & safety D, schools F.
• Port Huron Area School District (suburban): math 23% / reading 37% proficiency, ranked #368 of 540 in MI (top 68%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising (+3.6%/yr); 220 active listings in the ZIP; 14 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 57% of comp listings sitting > 30 days — soft ceiling on asking rent; 232 units permitted in St. Clair County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $795 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• St. Clair County population projected at -20% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 47 days — a 3% lower offer ($112k) is reasonable based on typical stale-listing flexibility.
• 4 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 1918 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $111,550 (3.0% below list)

Questions for the listing agent

1. It's been on market 47 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 1918 — 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: 1.12% ✓
• Cap rate: 8.20%
• Cash-on-cash: 6.83%
• DSCR: 1.30
• GRM: 7.5

CMA / ARV

• ARV (median comp): $133,091
• List price: $115,000
• Delta: -13.59%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1409 Kearney St	0.00mi	2/1.0	1,101 (0%)	0mo	$105,000	$95	100
1507 Elk St	0.27mi	3/1.0 (+1)	1,118 (+2%)	3mo	$205,000	$183	77
713 Rawlins St	0.39mi	3/1.0 (+1)	1,082 (-2%)	6mo	$160,000	$148	69
1123 Wells St	0.54mi	3/1.0 (+1)	1,100 (-0%)	6mo	$47,000	$43	64
1434 Nelson St	0.48mi	3/1.0 (+1)	1,120 (+2%)	6mo	$139,900	$125	64
113 Runnels St	0.59mi	3/1.0 (+1)	1,138 (+3%)	2mo	$65,000	$57	60
1503 Elk St	0.27mi	3/1.0 (+1)	952 (-14%)	6mo	$162,000	$170	55
1620 Mcbrady St	0.44mi	2/1.0	960 (-13%)	5mo	$109,000	$114	54
1523 Elk St	0.31mi	3/2.0 (+1)	1,240 (+13%)	2mo	$175,000	$141	54
1819 Riverside Dr	0.62mi	2/2.0	1,200 (+9%)	5mo	$430,000	$358	48
1649 Whipple St	0.46mi	3/1.0 (+1)	950 (-14%)	6mo	$159,900	$168	46
1216 Lapeer Ave	0.72mi	3/1.0 (+1)	1,222 (+11%)	6mo	$129,000	$106	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 · 3.61% rent growth · sell at horizon

5-year hold

• IRR: -5.1%
• Equity multiple: 0.81×
• Total profit: $-6,135
• Equity at exit: $17,147

10-year hold

• IRR: 5.4%
• Equity multiple: 1.41×
• Total profit: $13,142
• Equity at exit: $9,943

Cash invested: $32,200 (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 48060

• Rents YoY: 3.6%
• Active inventory: 220
• Price-to-rent: 7.5×

Monthly cashflow live

• Estimated rent: $1,283 high
• Mortgage (P&I): −$603
• Tax from tax record: −$180 /mo · $2,157/yr
• Insurance: −$48
• HOA: −$0
• Vacancy / Maint / Mgmt: −$270
• Net cashflow: $183

Break-even live

Break-even rent $1,052

Max offer price $115,000

Occupancy floor 81%

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: $28,750
• Closing costs: $3,450
• Reserves months: —
• Total cash needed: —

Rent comps 14 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
909 Stone St Unit 1 Port Huron, MI	3.0	1.0	1100	$1,250	$1.14	43d	1	0.24mi
145 Rural St Unit 145 Port Huron, MI	2.0	1.5	950	$1,190	$1.25	24d	1	0.70mi
1820 Kern St Port Huron, MI	2.0	1.0	950	$1,000	$1.05	24d	1	0.74mi
1613 Lapeer Ave Unit 2 Port Huron, MI	2.0	1.0	800	$875	$1.09	43d	1	0.78mi
937 Howard St Port Huron, MI	3.0	1.0	1080	$1,500	$1.39	18d	1	0.78mi
512 Quay St Port Huron, MI	1.0	1.0	1054	$1,700	$1.61	43d	1	0.82mi
218 Huron Ave Apt 204 Port Huron, MI	2.0	2.0	1086	$1,700	$1.57	43d	1	0.82mi
218 Huron Ave Unit 303 Port Huron, MI	2.0	2.0	1239	$1,600	$1.29	43d	1	0.82mi
508 Quay St Unit 3 Port Huron, MI	1.0	1.0	840	$2,500	$2.98	43d	1	0.82mi
208 Huron Ave Unit 202-2B Port Huron, MI	2.0	2.0	1096	$1,600	$1.46	43d	1	0.83mi
619 Taylor St Port Huron, MI	2.0–3.0	1.0–1.5	716	$780	$1.09	1d	1	1.21mi
2622 Maple St Port Huron, MI	2.0	1.0	1200	$1,050	$0.88	43d	1	1.23mi
2849 15th Ave Port Huron, MI	1.0–2.0	1.0	1140	$1,995	$1.75	1d	4	1.34mi
415 Griswold St Unit 3 Port Huron, MI	1.0	1.0	700	$875	$1.25	16d	1	1.36mi

Listing history 8 events

1. 2026-05-08
   status Pending 877-char remark

   Show marketing remark (877 chars)

   Back on the market through no fault of this house! Buyer vanished on closing day. This house passed inspection and appraisal. Welcome home to this cozy and well maintained 1101 sq ft bungalow offering comfort, convenience, and key updates throughout. Featuring a 4 year old roof and fully fenced yard complete with a parking pad to accommodate your boat or RV. Step inside to find a spacious living area filled with natural light, a large kitchen with plenty of cabinet and counter space, and separate dining room. The smart layout includes a spacious living room, 2 bedrooms and the convenience of main floor laundry, and all laminate flooring making everyday living easy and efficient. Whether you're a first time buyer, investor, or looking for a low-maintenance home, this home is truly move-in ready. This home is certified by the City of Port Huron for a rental property.

2. 2026-05-08
   status Pending 877-char remark

   Show marketing remark (877 chars)

   Back on the market through no fault of this house! Buyer vanished on closing day. This house passed inspection and appraisal. Welcome home to this cozy and well maintained 1101 sq ft bungalow offering comfort, convenience, and key updates throughout. Featuring a 4 year old roof and fully fenced yard complete with a parking pad to accommodate your boat or RV. Step inside to find a spacious living area filled with natural light, a large kitchen with plenty of cabinet and counter space, and separate dining room. The smart layout includes a spacious living room, 2 bedrooms and the convenience of main floor laundry, and all laminate flooring making everyday living easy and efficient. Whether you're a first time buyer, investor, or looking for a low-maintenance home, this home is truly move-in ready. This home is certified by the City of Port Huron for a rental property.

3. 2026-04-06
   status Active 877-char remark

   Show marketing remark (877 chars)

   Back on the market through no fault of this house! Buyer vanished on closing day. This house passed inspection and appraisal. Welcome home to this cozy and well maintained 1101 sq ft bungalow offering comfort, convenience, and key updates throughout. Featuring a 4 year old roof and fully fenced yard complete with a parking pad to accommodate your boat or RV. Step inside to find a spacious living area filled with natural light, a large kitchen with plenty of cabinet and counter space, and separate dining room. The smart layout includes a spacious living room, 2 bedrooms and the convenience of main floor laundry, and all laminate flooring making everyday living easy and efficient. Whether you're a first time buyer, investor, or looking for a low-maintenance home, this home is truly move-in ready. This home is certified by the City of Port Huron for a rental property.

4. 2026-04-06
   status Active 877-char remark

   Show marketing remark (877 chars)

   Back on the market through no fault of this house! Buyer vanished on closing day. This house passed inspection and appraisal. Welcome home to this cozy and well maintained 1101 sq ft bungalow offering comfort, convenience, and key updates throughout. Featuring a 4 year old roof and fully fenced yard complete with a parking pad to accommodate your boat or RV. Step inside to find a spacious living area filled with natural light, a large kitchen with plenty of cabinet and counter space, and separate dining room. The smart layout includes a spacious living room, 2 bedrooms and the convenience of main floor laundry, and all laminate flooring making everyday living easy and efficient. Whether you're a first time buyer, investor, or looking for a low-maintenance home, this home is truly move-in ready. This home is certified by the City of Port Huron for a rental property.

5. 2026-03-15
   status Pending 877-char remark

   Show marketing remark (877 chars)

   Back on the market through no fault of this house! Buyer vanished on closing day. This house passed inspection and appraisal. Welcome home to this cozy and well maintained 1101 sq ft bungalow offering comfort, convenience, and key updates throughout. Featuring a 4 year old roof and fully fenced yard complete with a parking pad to accommodate your boat or RV. Step inside to find a spacious living area filled with natural light, a large kitchen with plenty of cabinet and counter space, and separate dining room. The smart layout includes a spacious living room, 2 bedrooms and the convenience of main floor laundry, and all laminate flooring making everyday living easy and efficient. Whether you're a first time buyer, investor, or looking for a low-maintenance home, this home is truly move-in ready. This home is certified by the City of Port Huron for a rental property.

6. 2026-03-15
   status Pending 877-char remark

   Show marketing remark (877 chars)

   Back on the market through no fault of this house! Buyer vanished on closing day. This house passed inspection and appraisal. Welcome home to this cozy and well maintained 1101 sq ft bungalow offering comfort, convenience, and key updates throughout. Featuring a 4 year old roof and fully fenced yard complete with a parking pad to accommodate your boat or RV. Step inside to find a spacious living area filled with natural light, a large kitchen with plenty of cabinet and counter space, and separate dining room. The smart layout includes a spacious living room, 2 bedrooms and the convenience of main floor laundry, and all laminate flooring making everyday living easy and efficient. Whether you're a first time buyer, investor, or looking for a low-maintenance home, this home is truly move-in ready. This home is certified by the City of Port Huron for a rental property.

7. 2026-02-28
   listed $115,000 Active 877-char remark

   Show marketing remark (877 chars)

   Back on the market through no fault of this house! Buyer vanished on closing day. This house passed inspection and appraisal. Welcome home to this cozy and well maintained 1101 sq ft bungalow offering comfort, convenience, and key updates throughout. Featuring a 4 year old roof and fully fenced yard complete with a parking pad to accommodate your boat or RV. Step inside to find a spacious living area filled with natural light, a large kitchen with plenty of cabinet and counter space, and separate dining room. The smart layout includes a spacious living room, 2 bedrooms and the convenience of main floor laundry, and all laminate flooring making everyday living easy and efficient. Whether you're a first time buyer, investor, or looking for a low-maintenance home, this home is truly move-in ready. This home is certified by the City of Port Huron for a rental property.

8. 2026-02-28
   listed $115,000 Active 877-char remark

   Show marketing remark (877 chars)

   Back on the market through no fault of this house! Buyer vanished on closing day. This house passed inspection and appraisal. Welcome home to this cozy and well maintained 1101 sq ft bungalow offering comfort, convenience, and key updates throughout. Featuring a 4 year old roof and fully fenced yard complete with a parking pad to accommodate your boat or RV. Step inside to find a spacious living area filled with natural light, a large kitchen with plenty of cabinet and counter space, and separate dining room. The smart layout includes a spacious living room, 2 bedrooms and the convenience of main floor laundry, and all laminate flooring making everyday living easy and efficient. Whether you're a first time buyer, investor, or looking for a low-maintenance home, this home is truly move-in ready. This home is certified by the City of Port Huron for a rental property.

ⓘ 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: $2,157 · $180/mo
• Projected year-2 tax: $2,157 · $180/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 ≥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: $15,401
• − Mortgage interest: −$6,442
• − Property taxes: −$2,157
• − Insurance: −$575
• − Repairs & maintenance: −$1,232
• − Management: −$1,232
• − Depreciation: −$3,345
• Taxable income: $418
• Est. tax owed @ 24.0%: −$100
• After-tax cash flow: $2,098/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: Port Huron Area School District
• NCES district ID: 2628830
• Math proficiency: 23% ▼ -5.00%
• Reading proficiency: 37% ▼ -2.00%
• Median HH income: $42,093
• Composite: 25.4/100
• National rank: #7462
• State rank: #368 of 540 in MI

Livability — Port Huron

• Score: 65/100
• State rank: #445
• US rank: #12478

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Port Huron, MI
• County: Saint Clair County · 44,760 people
• City population: 39,342
• Metro: Detroit-Warren-Dearborn, MI
• Population (ZIP): 39,342
• Household income: $53,018
• Rent vs Own: 37.0% rent · 63.0% own
• Severe rent burden: 1808.0

Population outlook (St. Clair County) Hauer SSP2

• Today (2025): 154,587 people
• By 2030: 150,031 · -2.9%
• By 2040: 138,177 · -10.6%
• By 2050: 124,390 · -19.5%
• By 2075: 95,825 · -38.0%
• By 2100: 68,672 · -55.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (80%)
• Race & ethnicity: White 80% Black 7% Two or more races 7% Hispanic / Latino 6%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Romanian 6% Lithuanian 4% Slovak 3%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 2%

Political lean MEDSL · St. Clair

• 2024 margin: Solid R (+34.6) · D 32.0% · R 66.6% · Other 1.4%
• 2008→2024 swing: -37.3pp toward R · 2008: 2.6pp · 2024: -34.6pp
• All cycles: 2024: R+34.6 2020: R+30.2 2016: R+31.4 2012: R+7.1 2008: D+2.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -134.75%
• Current HPI: 177.2401
• Rent YoY: ▲ 3.61%
• Metro: Detroit-Warren-Dearborn, 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

8 events — show timeline

• 2026-05-08 Pending — MiRealSource-MiMLS
• 2026-05-08 Pending — REALCOMP
• 2026-04-06 Relisted — MiRealSource-MiMLS
• 2026-04-06 Relisted — REALCOMP
• 2026-03-15 Pending — MiRealSource-MiMLS
• 2026-03-15 Pending — REALCOMP
• 2026-02-28 Listed $115,000 REALCOMP
• 2026-02-28 Listed $115,000 MiRealSource-MiMLS

Property tax history

+7.0%/yr

Latest (2025): $2,157 · +22.7% YoY. Source: county tax records.