3241 Walton Ave · Flint, MI 48504

$64,900

4 bd · 1.0 ba · 1,100 sqft · SingleFamily · 71 Days on market

Built 1940 0.34 ac lot $59/sqft · 15% below area Est $77k · 15% 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 +14.4/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This 4 bedroom, 1 bath bungalow offers 1,100 sq ft of comfortable living space with thoughtful updates throughout. Step inside to a spacious living room filled with natural light and highlighted by a classic arched doorway that adds character and architectural interest. The kitchen features stainless steel appliances and flows easily into the main living areas, making everyday living and entertaining simple and convenient. Newer flooring and carpet throughout provide a fresh, updated feel, while the remodeled bathroom adds modern style and function. Outside, enjoy relaxing mornings on the covered front porch and take advantage of the nice-sized backyard - perfect for outdoor gatherings, pets, or gardening. With four bedrooms and inviting living spaces, this home offers flexibility, comfort, and move-in ready appeal.

Key facts

• 0.34 acre lot
• Built 1940
• Listed 71 days

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $65k.

Deal economics

• At list price, monthly cash flow is $331 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $65k).
• Recommended offer: $61k (6.0% below list) — sets the bar for market timing.

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.
• Carman-Ainsworth Community Schools (suburban): math 12% / reading 28% proficiency, ranked #468 of 540 in MI (top 87%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 131 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 71% of comp listings sitting > 30 days — soft ceiling on asking rent; 419 units permitted in Genesee County in 2024 (68 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $449 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Genesee County population projected at -27% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $18k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 71 days — a 6% lower offer ($61k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 26y ago; this cycle's ask has dropped $4k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $8k; list at $65k implies a 710% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $61,006 (6.0% below list)

Questions for the listing agent

1. It's been on market 71 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1940 — 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. 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: 1.62% ✓
• Cap rate: 12.40%
• Cash-on-cash: 21.83%
• DSCR: 1.97
• GRM: 5.2

CMA / ARV

• ARV (median comp): $76,704
• List price: $64,900
• Delta: -15.39%
• 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
3216 Walton Ave	0.05mi	3/1.0 (-1)	1,040 (-6%)	0mo	$50,000	$48	83
1287 Maxson Rd	0.09mi	3/1.5 (-1)	1,185 (+8%)	7mo	$23,000	$19	70
2713 Norbert St	0.62mi	3/1.0 (-1)	1,076 (-2%)	7mo	$36,000	$33	57
2821 Prospect St	0.73mi	3/1.5 (-1)	1,127 (+2%)	10mo	$27,000	$24	46
1364 Sutton Ave	0.57mi	3/1.0 (-1)	996 (-10%)	9mo	$35,000	$35	45
G-3447 Barth St	0.66mi	3/1.5 (-1)	1,040 (-6%)	10mo	$37,000	$36	44
3025 Wolcott St	0.54mi	3/1.0 (-1)	996 (-10%)	13mo	$47,000	$47	43
2825 Raskob St	0.57mi	3/1.0 (-1)	975 (-11%)	10mo	$70,000	$72	41
801 Fremont St	0.69mi	3/1.0 (-1)	1,019 (-7%)	12mo	$86,500	$85	40
2555 Norbert St	0.68mi	3/1.0 (-1)	1,005 (-9%)	10mo	$52,000	$52	40
1043 Lask Dr	0.61mi	3/2.0 (-1)	1,196 (+9%)	10mo	$165,900	$139	39
2852 Wolcott St	0.68mi	3/1.0 (-1)	942 (-14%)	8mo	$34,000	$36	32

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: 14.5%
• Equity multiple: 1.58×
• Total profit: $10,582
• Equity at exit: $9,677

10-year hold

• IRR: 23.3%
• Equity multiple: 3.01×
• Total profit: $36,512
• Equity at exit: $5,611

Cash invested: $18,172 (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 48504

• Active inventory: 131
• Price-to-rent: 5.2×

Monthly cashflow live

• Estimated rent: $1,049 high
• Mortgage (P&I): −$340
• Tax from tax record: −$131 /mo · $1,572/yr
• Insurance: −$27
• HOA: −$0
• Vacancy / Maint / Mgmt: −$220
• Net cashflow: $331

Break-even live

Break-even rent $631

Max offer price $64,900

Occupancy floor 64%

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: $16,225
• Closing costs: $1,947
• Reserves months: —
• Total cash needed: —

Rent comps 7 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2428 Norbert St Flint, MI	3.0	1.0	1200	$1,250	$1.04	21d	1	0.89mi
3713 Gratiot Ave Flint, MI	4.0	1.0	1400	$1,400	$1.00	21d	1	0.94mi
3616 Concord St Unit CON3616 Flint, MI	3.0	2.0	960	$895	$0.93	43d	1	1.24mi
2332 Fredonia Ave Unit FRE2332 Flint, MI	3.0	2.0	960	$895	$0.93	43d	1	1.31mi
2410 Gena Ann Ln Unit GEN2410 Flint, MI	3.0	2.0	960	$895	$0.93	43d	1	1.40mi
2410 Gena Ann Ln Flint, MI	3.0	2.0	960	$895	$0.93	44d	1	1.40mi
2419 Gena Ann Ln Unit GEN2419 Flint, MI	3.0	2.0	960	$895	$0.93	43d	1	1.43mi

Listing history 33 events

1. 2026-06-18
   days on market $64,900 Active 71 DOM
2. 2026-06-17
   days on market $64,900 Active 70 DOM
3. 2026-06-16
   days on market $64,900 Active 69 DOM
4. 2026-06-15
   days on market $64,900 Active 68 DOM
5. 2026-06-14
   days on market $64,900 Active 66 DOM
6. 2026-06-13
   days on market $64,900 Active 65 DOM
7. 2026-06-10
   days on market $64,900 Active 63 DOM
8. 2026-06-09
   days on market $64,900 Active 62 DOM
9. 2026-06-08
   days on market $64,900 Active 61 DOM
10. 2026-06-07
    days on market $64,900 Active 60 DOM
11. 2026-06-05
    days on market $64,900 Active 57 DOM
12. 2026-06-02
    days on market $64,900 Active 55 DOM
13. 2026-06-01
    days on market $64,900 Active 54 DOM
14. 2026-05-31
    days on market $64,900 Active 53 DOM
15. 2026-05-30
    days on market $64,900 Active 52 DOM
16. 2026-05-14
    status Active 827-char remark

    Show marketing remark (831 chars)

    This 4 bedroom, 1 bath bungalow offers 1,100 sq ft of comfortable living space with thoughtful updates throughout. Step inside to a spacious living room filled with natural light and highlighted by a classic arched doorway that adds character and architectural interest. The kitchen features stainless steel appliances and flows easily into the main living areas, making everyday living and entertaining simple and convenient. Newer flooring and carpet throughout provide a fresh, updated feel, while the remodeled bathroom adds modern style and function. Outside, enjoy relaxing mornings on the covered front porch and take advantage of the nice-sized backyard—perfect for outdoor gatherings, pets, or gardening. With four bedrooms and inviting living spaces, this home offers flexibility, comfort, and move-in ready appeal.

17. 2026-05-14
    status Active 831-char remark

    Show marketing remark (831 chars)

    This 4 bedroom, 1 bath bungalow offers 1,100 sq ft of comfortable living space with thoughtful updates throughout. Step inside to a spacious living room filled with natural light and highlighted by a classic arched doorway that adds character and architectural interest. The kitchen features stainless steel appliances and flows easily into the main living areas, making everyday living and entertaining simple and convenient. Newer flooring and carpet throughout provide a fresh, updated feel, while the remodeled bathroom adds modern style and function. Outside, enjoy relaxing mornings on the covered front porch and take advantage of the nice-sized backyard—perfect for outdoor gatherings, pets, or gardening. With four bedrooms and inviting living spaces, this home offers flexibility, comfort, and move-in ready appeal.

18. 2026-04-09
    status Pending 827-char remark

    Show marketing remark (831 chars)

    This 4 bedroom, 1 bath bungalow offers 1,100 sq ft of comfortable living space with thoughtful updates throughout. Step inside to a spacious living room filled with natural light and highlighted by a classic arched doorway that adds character and architectural interest. The kitchen features stainless steel appliances and flows easily into the main living areas, making everyday living and entertaining simple and convenient. Newer flooring and carpet throughout provide a fresh, updated feel, while the remodeled bathroom adds modern style and function. Outside, enjoy relaxing mornings on the covered front porch and take advantage of the nice-sized backyard—perfect for outdoor gatherings, pets, or gardening. With four bedrooms and inviting living spaces, this home offers flexibility, comfort, and move-in ready appeal.

19. 2026-04-09
    status Pending 831-char remark

    Show marketing remark (831 chars)

    This 4 bedroom, 1 bath bungalow offers 1,100 sq ft of comfortable living space with thoughtful updates throughout. Step inside to a spacious living room filled with natural light and highlighted by a classic arched doorway that adds character and architectural interest. The kitchen features stainless steel appliances and flows easily into the main living areas, making everyday living and entertaining simple and convenient. Newer flooring and carpet throughout provide a fresh, updated feel, while the remodeled bathroom adds modern style and function. Outside, enjoy relaxing mornings on the covered front porch and take advantage of the nice-sized backyard—perfect for outdoor gatherings, pets, or gardening. With four bedrooms and inviting living spaces, this home offers flexibility, comfort, and move-in ready appeal.

20. 2026-03-05
    listed $68,900 Active 827-char remark

    Show marketing remark (831 chars)

    This 4 bedroom, 1 bath bungalow offers 1,100 sq ft of comfortable living space with thoughtful updates throughout. Step inside to a spacious living room filled with natural light and highlighted by a classic arched doorway that adds character and architectural interest. The kitchen features stainless steel appliances and flows easily into the main living areas, making everyday living and entertaining simple and convenient. Newer flooring and carpet throughout provide a fresh, updated feel, while the remodeled bathroom adds modern style and function. Outside, enjoy relaxing mornings on the covered front porch and take advantage of the nice-sized backyard—perfect for outdoor gatherings, pets, or gardening. With four bedrooms and inviting living spaces, this home offers flexibility, comfort, and move-in ready appeal.

21. 2026-03-05
    listed $68,900 Active 831-char remark

    Show marketing remark (831 chars)

    This 4 bedroom, 1 bath bungalow offers 1,100 sq ft of comfortable living space with thoughtful updates throughout. Step inside to a spacious living room filled with natural light and highlighted by a classic arched doorway that adds character and architectural interest. The kitchen features stainless steel appliances and flows easily into the main living areas, making everyday living and entertaining simple and convenient. Newer flooring and carpet throughout provide a fresh, updated feel, while the remodeled bathroom adds modern style and function. Outside, enjoy relaxing mornings on the covered front porch and take advantage of the nice-sized backyard—perfect for outdoor gatherings, pets, or gardening. With four bedrooms and inviting living spaces, this home offers flexibility, comfort, and move-in ready appeal.

22. 2026-03-03
    historical $68,900 827-char remark

    Show marketing remark (827 chars)

    This 4 bedroom, 1 bath bungalow offers 1,100 sq ft of comfortable living space with thoughtful updates throughout. Step inside to a spacious living room filled with natural light and highlighted by a classic arched doorway that adds character and architectural interest. The kitchen features stainless steel appliances and flows easily into the main living areas, making everyday living and entertaining simple and convenient. Newer flooring and carpet throughout provide a fresh, updated feel, while the remodeled bathroom adds modern style and function. Outside, enjoy relaxing mornings on the covered front porch and take advantage of the nice-sized backyard - perfect for outdoor gatherings, pets, or gardening. With four bedrooms and inviting living spaces, this home offers flexibility, comfort, and move-in ready appeal.

23. 2015-09-03
    soldstatus $8,008
24. 2015-08-03
    historical
25. 2015-08-03
    historical
26. 2015-06-25
    listed $11,000
27. 2015-06-25
    listed $11,000
28. 2000-08-18
    soldstatus $59,000
29. 2000-07-25
    soldstatus $59,000
30. 2000-07-25
    soldstatus $59,000
31. 2000-06-20
    historical
32. 2000-05-15
    listed $61,000
33. 2000-05-15
    listed $61,000

ⓘ 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: $1,572 · $131/mo
• Projected year-2 tax: $1,572 · $131/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 ≥96°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,591
• − Mortgage interest: −$3,635
• − Property taxes: −$1,572
• − Insurance: −$324
• − Repairs & maintenance: −$1,007
• − Management: −$1,007
• − Depreciation: −$1,888
• Taxable income: $3,157
• Est. tax owed @ 24.0%: −$758
• After-tax cash flow: $3,209/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: Carman-Ainsworth Community Schools
• NCES district ID: 2607890
• Math proficiency: 12% ▼ -14.00%
• Reading proficiency: 28% ▼ -8.00%
• Median HH income: $39,394
• Composite: 16.84/100
• National rank: #9149
• State rank: #468 of 540 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

• City population: 93,814
• Population (ZIP): 23,873

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 (66%)
• Race & ethnicity: Black 66% White 24% Two or more races 6% Hispanic / Latino 5% Asian 1%
• Common ancestry: Romanian 2% Lithuanian 1% Italian 1%
• Foreign-born: 3% · Canada, China
• Languages at home: 96% English-only · Spanish 2%

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: ▼ -101.67%
• Current HPI: 94.3111
• 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

+13.0% since first listed

18 events — show timeline

• 2026-05-14 Relisted — MiRealSource-MiMLS
• 2026-05-14 Relisted — REALCOMP
• 2026-04-09 Pending — MiRealSource-MiMLS
• 2026-04-09 Pending — REALCOMP
• 2026-03-05 Listed $68,900 MiRealSource-MiMLS
• 2026-03-05 Listed $68,900 REALCOMP
• 2026-03-03 Coming Soon $68,900 MiRealSource-MiMLS
• 2015-09-03 Sold (MLS) $8,008 REALCOMP
• 2015-08-03 Listing Removed — MiRealSource-MiMLS
• 2015-08-03 Listing Removed — REALCOMP
• 2015-06-25 Listed $11,000 MiRealSource-MiMLS
• 2015-06-25 Listed $11,000 REALCOMP
• 2000-08-18 Sold (Public Records) $59,000 Public Records
• 2000-07-25 Sold (MLS) $59,000 MiRealSource-MiMLS
• 2000-07-25 Sold (MLS) $59,000 REALCOMP
• 2000-06-20 Listing Removed — MiRealSource-MiMLS
• 2000-05-15 Listed $61,000 MiRealSource-MiMLS
• 2000-05-15 Listed $61,000 REALCOMP

Property tax history

+2.3%/yr

Latest (2025): $1,572 · +3.0% YoY. Source: county tax records.