3605 Orange St · Bridgeport, MI 48601

$142,500

3 bd · 1.5 ba · 2,536 sqft · SingleFamily public records · 97 Days on market

Built 2003 0.48 ac lot $56/sqft · 10% above area Est $129k · 10% over ↓ 12% since listing

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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 +23.9/30.0
• DSCR +7.7/10.0
• 1% rule +5.0/10.0
• Livability +2.9/5.0
• ARV discount +2.8/15.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this spacious 4-bedroom, 2.5-bath Ranch/Modular home, perfectly situated on just under half an acre. The primary suite offers a private retreat with its own full bath and walk-in closets. You'll love the large kitchen with a center island, perfect for gathering and entertaining, as well as the inviting family room featuring a gas fireplace. An additional bonus room gives you the flexibility to create a home office, playroom, or hobby space. Whatever fits your lifestyle. With a 2-car garage and plenty of room both inside and out, this home is ready for you to bring your vision and make it your own!

Key facts

• Inviting family room
• Walk-in closets
• Gas fireplace

Tags

• FULL BATH
• WALK-IN CLOSETS
• LARGE KITCHEN
• CENTER ISLAND
• INVITING FAMILY ROOM
• GAS FIREPLACE

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $142k.

Deal economics

• At list price, monthly cash flow is $277 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $142k).
• Recommended offer: $130k (9.0% below list) — sets the bar for market timing.
• Cap rate 8.6% vs local median 6.0% in Bridgeport — 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 57/100 on livability (#638 in MI) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A-; Watch: health & safety C-, crime D, schools F.
• Bridgeport-Spaulding Community School District (suburban): math 7% / reading 17% proficiency, ranked #513 of 540 in MI (top 95%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 75% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 201 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 $985 of loan paydown is wiped out by about $4k 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 97 days — a 9% lower offer ($130k) is reasonable based on typical stale-listing flexibility.
• 6 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.

Recommended offer $129,675 (9.0% below list)

Questions for the listing agent

1. It's been on market 97 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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 D 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. 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?
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: 1.00% ✓
• Cap rate: 8.62%
• Cash-on-cash: 8.32%
• DSCR: 1.37
• GRM: 8.3

CMA / ARV

• ARV (median comp): $129,044
• List price: $142,500
• Delta: 10.43%
• Verdict: OVERPRICED
• Comps: 16 within 1.0 mi

Show comp detail 2 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3881 Olive St	0.42mi	3/2.0	2,300 (-9%)	13mo	$60,000	$26	52
2947 Tatham St	0.75mi	4/1.5 (+1)	2,224 (-12%)	22mo	$45,500	$20	22

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: -3.7%
• Equity multiple: 0.86×
• Total profit: $-5,533
• Equity at exit: $21,247

10-year hold

• IRR: 6.0%
• Equity multiple: 1.44×
• Total profit: $17,628
• Equity at exit: $12,321

Cash invested: $39,900 (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: 201
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $1,432 medium
• Mortgage (P&I): −$747
• Tax from tax record: −$48 /mo · $574/yr
• Insurance: −$59
• HOA: −$0
• Vacancy / Maint / Mgmt: −$301
• Net cashflow: $277

Break-even live

Break-even rent $1,082

Max offer price $142,500

Occupancy floor 76%

Sensitivity live

Price	-10% $357	-5% $317	+0% $277	+5% $236	+10% $196
Rent	-10% $163	-5% $220	+0% $277	+5% $333	+10% $390
Rate	-1.0pp $348	-0.5pp $313	base $277	+0.5pp $240	+1.0pp $202

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: $35,625
• Closing costs: $4,275
• Reserves months: —
• Total cash needed: —

Listing history 24 events

1. 2026-06-21
   days on market $142,500 Active 97 DOM
2. 2026-06-18
   days on market $142,500 Active 95 DOM
3. 2026-06-17
   days on market $142,500 Active 94 DOM
4. 2026-06-17
   status $142,500 Active 93 DOM
5. 2026-06-08
   status $142,500 Pending 93 DOM
6. 2026-06-07
   days on market $142,500 Active 93 DOM
7. 2026-06-07
   days on market $142,500 Active 92 DOM
8. 2026-06-04
   days on market $142,500 Active 89 DOM
9. 2026-06-02
   days on market $142,500 Active 88 DOM
10. 2026-06-01
    days on market $142,500 Active 87 DOM
11. 2026-05-31
    price $142,500 Active 86 DOM
12. 2026-05-31
    days on market $149,900 Active 86 DOM
13. 2026-05-31
    days on market $149,900 Active 85 DOM
14. 2026-03-06
    listed $149,900 Active 615-char remark

    Show marketing remark (615 chars)

    Welcome to this spacious 4-bedroom, 2.5-bath Ranch/Modular home, perfectly situated on just under half an acre. The primary suite offers a private retreat with its own full bath and walk-in closets. You'll love the large kitchen with a center island, perfect for gathering and entertaining, as well as the inviting family room featuring a gas fireplace. An additional bonus room gives you the flexibility to create a home office, playroom, or hobby space. Whatever fits your lifestyle. With a 2-car garage and plenty of room both inside and out, this home is ready for you to bring your vision and make it your own!

15. 2026-03-06
    listed $149,900 Active 615-char remark

    Show marketing remark (615 chars)

    Welcome to this spacious 4-bedroom, 2.5-bath Ranch/Modular home, perfectly situated on just under half an acre. The primary suite offers a private retreat with its own full bath and walk-in closets. You'll love the large kitchen with a center island, perfect for gathering and entertaining, as well as the inviting family room featuring a gas fireplace. An additional bonus room gives you the flexibility to create a home office, playroom, or hobby space. Whatever fits your lifestyle. With a 2-car garage and plenty of room both inside and out, this home is ready for you to bring your vision and make it your own!

16. 2026-02-27
    historical
17. 2025-10-06
    price $149,900
18. 2025-10-05
    status Active
19. 2025-10-05
    price $149,900
20. 2025-10-05
    status Active
21. 2025-09-26
    status Pending
22. 2025-09-26
    status Pending
23. 2025-09-11
    listed $169,900 Active
24. 2025-09-11
    listed $169,900 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: $574 · $48/mo
• Projected year-2 tax: $1,384 · $115/mo
• Expected delta: +$810/yr (+$68/mo · 141.1%)

ⓘ 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: $17,181
• − Mortgage interest: −$7,982
• − Property taxes: −$574
• − Insurance: −$712
• − Repairs & maintenance: −$1,375
• − Management: −$1,375
• − Depreciation: −$4,145
• Taxable income: $1,018
• Est. tax owed @ 24.0%: −$244
• After-tax cash flow: $3,075/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: Bridgeport-Spaulding Community School District
• NCES district ID: 2606780
• Math proficiency: 7% ▼ -4.00%
• Reading proficiency: 17% ▼ -5.00%
• Median HH income: $38,403
• Composite: 10.13/100
• National rank: #9800
• State rank: #513 of 540 in MI

Livability — Bridgeport

• Score: 57/100
• State rank: #638
• US rank: #21636

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Bridgeport, MI
• 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

-11.8% since first listed

11 events — show timeline

• 2026-03-06 Listed $149,900 REALCOMP
• 2026-03-06 Listed $149,900 MiRealSource-MiMLS
• 2026-02-27 Listing Removed — MiRealSource-MiMLS
• 2025-10-06 Price Changed $149,900 MiRealSource-MiMLS
• 2025-10-05 Relisted — REALCOMP
• 2025-10-05 Price Changed $149,900 REALCOMP
• 2025-10-05 Relisted — MiRealSource-MiMLS
• 2025-09-26 Pending — REALCOMP
• 2025-09-26 Pending — MiRealSource-MiMLS
• 2025-09-11 Listed $169,900 MiRealSource-MiMLS
• 2025-09-11 Listed $169,900 REALCOMP

Property tax history

-8.5%/yr

Latest (2025): $574 · -73.8% YoY. Source: county tax records.