315 Storch St · Saginaw, MI 48602

$100,000

3 bd · 1.0 ba · 1,024 sqft · SingleFamily public records · 160 Days on market

Built 1924 4,792 sqft lot Est $83k · 21% over

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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 +20.5/30.0
• DSCR +6.5/10.0
• 1% rule +6.3/10.0
• Rent growth +3.5/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Landlords/Investors, enjoy the guaranteed rental payments with this Section 8 rental property. This 3-bedroom property has undergone many recent updates. Section 8 pays directly to the owner, with a total monthly rent of $1363. This 3-bedroom investment property is located in a well-maintained neighborhood, close to schools and shopping. This home comes with all appliances, including a washer and dryer. Central air and the roof are newer. Do Not Disturb tenants! Serious buyers only!

Key facts

• Close to schools
• Recent updates
• All appliances

Tags

• RECENT UPDATES
• WELL-MAINTAINED NEIGHBORHOOD
• CLOSE TO SCHOOLS
• CLOSE TO SHOPPING
• ALL APPLIANCES
• CENTRAL AIR

Property features AI

Exterior

• Parking: Detached garage (1.5 spaces)
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One level; Ground-level entry with steps
• Construction: Aluminum siding; Block foundation
• Exterior features: Paved road access; Lot dimensions approximately 40 x 125 (0.11 acre)

Interior

• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating (natural gas); No cooling
• Interior features: Unfinished basement; Total of 5 rooms

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $100k.

Deal economics

• At list price, monthly cash flow is $131 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $100k).
• Recommended offer: $88k (12.0% below list) — sets the bar for market timing.

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: Rents rising (+4.0%/yr); 250 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 $691 of loan paydown is wiped out by about $3k 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 160 days — a 12% lower offer ($88k) is reasonable based on typical stale-listing flexibility.
• 13 sale attempts since 25y ago; this cycle's ask has dropped $15k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $37k; list at $100k implies a 170% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1924 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $88,000 (12.0% below list)

Questions for the listing agent

1. It's been on market 160 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1924 — 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. 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?
8. 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.
9. 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.
10. 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: 1.13% ✓
• Cap rate: 7.87%
• Cash-on-cash: 5.62%
• DSCR: 1.25
• GRM: 7.4

CMA / ARV

• ARV (on-the-fly): $82,944
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
310 S Bates St	0.31mi	3/1.0	1,069 (+4%)	2mo	$42,000	$39	77
1511 Osborn St	0.42mi	2/1.0 (-1)	1,041 (+2%)	1mo	$90,000	$86	72
250 Goetz St	0.21mi	3/1.0	1,120 (+9%)	4mo	$79,900	$71	71
1415 Lyon St	0.35mi	2/1.0 (-1)	1,068 (+4%)	0mo	$74,900	$70	71
1715 Hancock St	0.34mi	2/1.0 (-1)	970 (-5%)	1mo	$42,500	$44	70
35 Congress Court A	0.63mi	3/1.5	1,026 (+0%)	0mo	$115,000	$112	68
1902 Newberry St	0.67mi	3/1.0	1,004 (-2%)	4mo	$139,900	$139	62
144 Lockwood St	0.16mi	2/1.0 (-1)	1,164 (+14%)	4mo	$94,000	$81	61
828 Malzahn St	0.49mi	3/1.0	1,138 (+11%)	3mo	$109,900	$97	56
2821 Cooper Ave	0.42mi	2/1.0 (-1)	917 (-10%)	3mo	$95,000	$104	55
809 S Mason St	0.49mi	2/1.0 (-1)	890 (-13%)	7mo	$11,000	$12	45
2016 Houghton Ave	0.71mi	3/1.5	1,152 (+12%)	6mo	$90,000	$78	39

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 · 3.98% rent growth · sell at horizon

5-year hold

• IRR: -6.3%
• Equity multiple: 0.76×
• Total profit: $-6,662
• Equity at exit: $14,910

10-year hold

• IRR: 4.6%
• Equity multiple: 1.35×
• Total profit: $9,916
• Equity at exit: $8,646

Cash invested: $28,000 (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 48602

• Home prices YoY: -19.7%
• Rents YoY: 4.0%
• Active inventory: 250
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,130 medium
• Mortgage (P&I): −$524
• Tax from tax record: −$196 /mo · $2,349/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$237
• Net cashflow: $131

Break-even live

Break-even rent $964

Max offer price $100,000

Occupancy floor 83%

Sensitivity live

Price	-10% $188	-5% $160	+0% $131	+5% $103	+10% $75
Rent	-10% $42	-5% $87	+0% $131	+5% $176	+10% $220
Rate	-1.0pp $182	-0.5pp $157	base $131	+0.5pp $105	+1.0pp $79

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: $25,000
• Closing costs: $3,000
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4156 Ann St Saginaw, MI	4.0	1.5	1387	$1,225	$0.88	44d	1	1.47mi

Listing history 50 events

1. 2026-06-19
   days on market $100,000 Active 160 DOM
2. 2026-06-18
   days on market $100,000 Active 159 DOM
3. 2026-06-17
   days on market $100,000 Active 158 DOM
4. 2026-06-16
   days on market $100,000 Active 157 DOM
5. 2026-06-15
   days on market $100,000 Active 156 DOM
6. 2026-06-14
   days on market $100,000 Active 154 DOM
7. 2026-06-12
   days on market $100,000 Active 153 DOM
8. 2026-06-09
   days on market $100,000 Active 150 DOM
9. 2026-06-08
   days on market $100,000 Active 149 DOM
10. 2026-06-07
    days on market $100,000 Active 148 DOM
11. 2026-06-05
    days on market $100,000 Active 145 DOM
12. 2026-06-03
    days on market $100,000 Active 144 DOM
13. 2026-06-02
    days on market $100,000 Active 143 DOM
14. 2026-06-01
    days on market $100,000 Active 142 DOM
15. 2026-05-31
    days on market $100,000 Active 141 DOM
16. 2026-05-30
    days on market $100,000 Active 140 DOM
17. 2026-04-02
    price $100,000 487-char remark

    Show marketing remark (487 chars)

    Landlords/Investors, enjoy the guaranteed rental payments with this Section 8 rental property. This 3-bedroom property has undergone many recent updates. Section 8 pays directly to the owner, with a total monthly rent of $1363. This 3-bedroom investment property is located in a well-maintained neighborhood, close to schools and shopping. This home comes with all appliances, including a washer and dryer. Central air and the roof are newer. Do Not Disturb tenants! Serious buyers only!

18. 2026-04-02
    price $100,000

    Show marketing remark (487 chars)

    Landlords/Investors, enjoy the guaranteed rental payments with this Section 8 rental property. This 3-bedroom property has undergone many recent updates. Section 8 pays directly to the owner, with a total monthly rent of $1363. This 3-bedroom investment property is located in a well-maintained neighborhood, close to schools and shopping. This home comes with all appliances, including a washer and dryer. Central air and the roof are newer. Do Not Disturb tenants! Serious buyers only!

19. 2026-01-10
    listed $115,000 Active

    Show marketing remark (487 chars)

    Landlords/Investors, enjoy the guaranteed rental payments with this Section 8 rental property. This 3-bedroom property has undergone many recent updates. Section 8 pays directly to the owner, with a total monthly rent of $1363. This 3-bedroom investment property is located in a well-maintained neighborhood, close to schools and shopping. This home comes with all appliances, including a washer and dryer. Central air and the roof are newer. Do Not Disturb tenants! Serious buyers only!

20. 2026-01-10
    listed $115,000 Active 487-char remark

    Show marketing remark (487 chars)

    Landlords/Investors, enjoy the guaranteed rental payments with this Section 8 rental property. This 3-bedroom property has undergone many recent updates. Section 8 pays directly to the owner, with a total monthly rent of $1363. This 3-bedroom investment property is located in a well-maintained neighborhood, close to schools and shopping. This home comes with all appliances, including a washer and dryer. Central air and the roof are newer. Do Not Disturb tenants! Serious buyers only!

21. 2023-07-06
    soldstatus $37,000 Sold 302-char remark

    Show marketing remark (302 chars)

    This cute 3 bedroom home is located in a very quiet, well maintained neighborhood and close to schools and shopping. First time home buyers, this home comes with all appliances and a new central air unit just put in for cooling comfort on those hot summer days. Ready for a new family or an investment.

22. 2023-07-06
    soldstatus $37,000 Closed

    Show marketing remark (302 chars)

    This cute 3 bedroom home is located in a very quiet, well maintained neighborhood and close to schools and shopping. First time home buyers, this home comes with all appliances and a new central air unit just put in for cooling comfort on those hot summer days. Ready for a new family or an investment.

23. 2023-07-06
    soldstatus $47,000

    Show marketing remark (302 chars)

    This cute 3 bedroom home is located in a very quiet, well maintained neighborhood and close to schools and shopping. First time home buyers, this home comes with all appliances and a new central air unit just put in for cooling comfort on those hot summer days. Ready for a new family or an investment.

24. 2023-06-30
    status Pending 302-char remark

    Show marketing remark (302 chars)

    This cute 3 bedroom home is located in a very quiet, well maintained neighborhood and close to schools and shopping. First time home buyers, this home comes with all appliances and a new central air unit just put in for cooling comfort on those hot summer days. Ready for a new family or an investment.

25. 2023-06-30
    status Pending

    Show marketing remark (302 chars)

    This cute 3 bedroom home is located in a very quiet, well maintained neighborhood and close to schools and shopping. First time home buyers, this home comes with all appliances and a new central air unit just put in for cooling comfort on those hot summer days. Ready for a new family or an investment.

26. 2023-06-29
    status Active 302-char remark

    Show marketing remark (302 chars)

    This cute 3 bedroom home is located in a very quiet, well maintained neighborhood and close to schools and shopping. First time home buyers, this home comes with all appliances and a new central air unit just put in for cooling comfort on those hot summer days. Ready for a new family or an investment.

27. 2023-06-29
    status Active

    Show marketing remark (302 chars)

    This cute 3 bedroom home is located in a very quiet, well maintained neighborhood and close to schools and shopping. First time home buyers, this home comes with all appliances and a new central air unit just put in for cooling comfort on those hot summer days. Ready for a new family or an investment.

28. 2023-06-29
    status Pending 302-char remark

    Show marketing remark (302 chars)

    This cute 3 bedroom home is located in a very quiet, well maintained neighborhood and close to schools and shopping. First time home buyers, this home comes with all appliances and a new central air unit just put in for cooling comfort on those hot summer days. Ready for a new family or an investment.

29. 2023-06-29
    status Pending

    Show marketing remark (302 chars)

    This cute 3 bedroom home is located in a very quiet, well maintained neighborhood and close to schools and shopping. First time home buyers, this home comes with all appliances and a new central air unit just put in for cooling comfort on those hot summer days. Ready for a new family or an investment.

30. 2023-06-26
    listed $49,000 Active 302-char remark

    Show marketing remark (302 chars)

    This cute 3 bedroom home is located in a very quiet, well maintained neighborhood and close to schools and shopping. First time home buyers, this home comes with all appliances and a new central air unit just put in for cooling comfort on those hot summer days. Ready for a new family or an investment.

31. 2023-06-26
    listed $49,000 Active

    Show marketing remark (302 chars)

    This cute 3 bedroom home is located in a very quiet, well maintained neighborhood and close to schools and shopping. First time home buyers, this home comes with all appliances and a new central air unit just put in for cooling comfort on those hot summer days. Ready for a new family or an investment.

32. 2019-02-21
    soldstatus $43,900
33. 2019-02-15
    soldstatus $43,900
34. 2019-02-15
    soldstatus $43,900 Closed
35. 2019-02-01
    status Pending
36. 2019-01-10
    historical Keep Showing-Contgcy Appl
37. 2018-12-10
    listed $45,500
38. 2018-12-10
    listed $45,500 Active
39. 2007-06-07
    soldstatus $26,000
40. 2007-06-07
    soldstatus $26,000
41. 2007-06-07
    soldstatus $26,000
42. 2007-04-02
    historical
43. 2007-03-29
    listed $34,900
44. 2007-03-29
    listed $34,900
45. 2007-03-29
    listed $34,900
46. 2002-04-05
    soldstatus $71,900
47. 2002-02-26
    soldstatus $71,900
48. 2002-02-26
    soldstatus $71,900
49. 2001-09-05
    listed $68,900
50. 2001-09-05
    listed $68,900

ⓘ 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: $2,349 · $196/mo
• Projected year-2 tax: $2,349 · $196/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 ≥99°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: $13,565
• − Mortgage interest: −$5,602
• − Property taxes: −$2,349
• − Insurance: −$500
• − Repairs & maintenance: −$1,085
• − Management: −$1,085
• − Depreciation: −$2,909
• Taxable income: $35
• Est. tax owed @ 24.0%: −$8
• After-tax cash flow: $1,566/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
• County: Saginaw County · 54,884 people
• City population: 54,884
• Metro: Saginaw, MI
• Population (ZIP): 27,127
• Household income: $46,984
• Rent vs Own: 35.8% rent · 64.2% own
• Severe rent burden: 1416.0

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 0.64)
• Race & ethnicity: White 50% Black 27% Hispanic / Latino 17% Two or more races 12%
• Hispanic origin (detail): Mexican 14% Puerto Rican 1%
• Common ancestry: Romanian 4% Lithuanian 3% Italian 2%
• Foreign-born: 1% · Canada
• Languages at home: 96% English-only · Spanish 3%

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: ▼ -39.15%
• Current HPI: 159.8807
• Rent YoY: ▲ 3.98%
• Metro: Saginaw, 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

+45.1% since first listed

34 events — show timeline

• 2026-04-02 Price Changed $100,000 MiRealSource-MiMLS
• 2026-04-02 Price Changed $100,000 REALCOMP
• 2026-01-10 Listed $115,000 REALCOMP
• 2026-01-10 Listed $115,000 MiRealSource-MiMLS
• 2023-07-06 Sold (Public Records) $47,000 Public Records
• 2023-07-06 Sold (MLS) $37,000 MiRealSource-MiMLS
• 2023-07-06 Sold (MLS) $37,000 REALCOMP
• 2023-06-30 Pending — REALCOMP
• 2023-06-30 Pending — MiRealSource-MiMLS
• 2023-06-29 Relisted — REALCOMP
• 2023-06-29 Relisted — MiRealSource-MiMLS
• 2023-06-29 Pending — REALCOMP
• 2023-06-29 Pending — MiRealSource-MiMLS
• 2023-06-26 Listed $49,000 MiRealSource-MiMLS
• 2023-06-26 Listed $49,000 REALCOMP
• 2019-02-21 Sold (Public Records) $43,900 Public Records
• 2019-02-15 Sold (MLS) $43,900 MiRealSource-MiMLS
• 2019-02-15 Sold (MLS) $43,900 REALCOMP
• 2019-02-01 Pending — MiRealSource-MiMLS
• 2019-01-10 Contingent — MiRealSource-MiMLS
• 2018-12-10 Listed $45,500 MiRealSource-MiMLS
• 2018-12-10 Listed $45,500 REALCOMP
• 2007-06-07 Sold (MLS) $26,000 MiRealSource-MiMLS
• 2007-06-07 Sold (MLS) $26,000 MiRealSource-MiMLS
• 2007-06-07 Sold (MLS) $26,000 REALCOMP
• 2007-04-02 Listing Removed — MiRealSource-MiMLS
• 2007-03-29 Listed $34,900 MiRealSource-MiMLS
• 2007-03-29 Listed $34,900 MiRealSource-MiMLS
• 2007-03-29 Listed $34,900 REALCOMP
• 2002-04-05 Sold (Public Records) $71,900 Public Records
• 2002-02-26 Sold (MLS) $71,900 REALCOMP
• 2002-02-26 Sold (MLS) $71,900 MiRealSource-MiMLS
• 2001-09-05 Listed $68,900 REALCOMP
• 2001-09-05 Listed $68,900 MiRealSource-MiMLS

Property tax history

+2.6%/yr

Latest (2025): $2,349 · -16.3% YoY. Source: county tax records.