60 S Birchcrest Dr · Midland, MI 48640

$140,000

3 bd · 1.0 ba · 1,420 sqft · SingleFamily public records · 24 Days on market

Built 1960 0.42 ac lot $99/sqft · 31% below area Est $206k · 32% under

---

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 +27.0/30.0
• ARV discount +15.0/15.0
• DSCR +9.4/10.0
• 1% rule +6.7/10.0
• Schools +4.9/10.0
• Livability +4.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

BELOVED ON BIRCHCREST! Estate sale opportunity tucked in a quiet Midland subdivision, just 5 miles west of downtown. This single-story ranch stretches 1,436 square feet across a layout that gives you real room to work with - separate living and family rooms, an eat-in kitchen, a formal dining room, three bedrooms, a full bath, and a 2-car attached garage all under one roof. The corner lot is a standout. At 185x104 feet, you're getting one of the more generous parcels in the neighborhood with solid street presence, room to breathe, and outdoor space that opens up a lot of possibilities depending on your vision. The bones are here. The square footage is here. The lot is here. What this home needs now is the right buyer to bring it back to life. If you're an investor looking for your next project, a handy buyer ready to build equity from day one, or someone who just wants space and the chance to put their own stamp on something You'll want to see this one.

Key facts

• Generous parcels
• Outdoor space
• Corner lot

Tags

• QUIET MIDLAND SUBDIVISION
• CORNER LOT
• GENEROUS PARCELS
• OUTDOOR SPACE

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $393 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $140k).
• Recommended offer: $138k (1.5% below list) — sets the bar for market timing.
• Cap rate 9.7% vs local median 4.4% in Midland — 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 85/100 on livability (#28 in MI, #578 nationally) — a professional / high-income tenant draw. Strengths: crime A+, cost of living A+, housing A+; Watch: commute F.
• Midland Public Schools (urban): math 49% / reading 64% proficiency, ranked #62 of 540 in MI (top 12%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease.
• Market conditions: 111 active listings in the ZIP; solid renter incomes; 320 units permitted in Midland County in 2024 (204 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $968 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Midland County population projected to shrink 9% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $39k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 24 days — a 2% lower offer ($138k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts; this cycle's ask has dropped $20k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $46k; list at $140k implies a 205% gain — meaningful room to come down on a strong offer.

Recommended offer $137,900 (1.5% below list)

Questions for the listing agent

1. Built in 1960 — 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 A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
4. 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.
5. 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.
6. 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: 1.17% ✓
• Cap rate: 9.66%
• Cash-on-cash: 12.03%
• DSCR: 1.54
• GRM: 7.1

CMA / ARV

• ARV (median comp): $206,011
• List price: $140,000
• Delta: -32.04%
• Verdict: UNDERPRICED
• Comps: 8 within 1.0 mi

Projected returns pro-forma

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

5-year hold

• IRR: 1.6%
• Equity multiple: 1.06×
• Total profit: $2,330
• Equity at exit: $20,874

10-year hold

• IRR: 11.2%
• Equity multiple: 1.87×
• Total profit: $34,199
• Equity at exit: $12,105

Cash invested: $39,200 (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 48640

• Home prices YoY: -21.7%
• Active inventory: 111
• Price-to-rent: 7.1×

Monthly cashflow live

• Estimated rent: $1,640 medium
• Mortgage (P&I): −$734
• Tax from tax record: −$110 /mo · $1,316/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$344
• Net cashflow: $393

Break-even live

Break-even rent $1,142

Max offer price $140,000

Occupancy floor 71%

Sensitivity live

Price	-10% $472	-5% $433	+0% $393	+5% $353	+10% $314
Rent	-10% $263	-5% $328	+0% $393	+5% $458	+10% $523
Rate	-1.0pp $464	-0.5pp $429	base $393	+0.5pp $357	+1.0pp $320

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: $35,000
• Closing costs: $4,200
• Reserves months: —
• Total cash needed: —

Listing history 11 events

1. 2026-05-18
   status Pending 967-char remark

   Show marketing remark (967 chars)

   BELOVED ON BIRCHCREST! Estate sale opportunity tucked in a quiet Midland subdivision, just 5 miles west of downtown. This single-story ranch stretches 1,436 square feet across a layout that gives you real room to work with - separate living and family rooms, an eat-in kitchen, a formal dining room, three bedrooms, a full bath, and a 2-car attached garage all under one roof. The corner lot is a standout. At 185x104 feet, you're getting one of the more generous parcels in the neighborhood with solid street presence, room to breathe, and outdoor space that opens up a lot of possibilities depending on your vision. The bones are here. The square footage is here. The lot is here. What this home needs now is the right buyer to bring it back to life. If you're an investor looking for your next project, a handy buyer ready to build equity from day one, or someone who just wants space and the chance to put their own stamp on something You'll want to see this one.

2. 2026-05-18
   status Pending 967-char remark

   Show marketing remark (967 chars)

   BELOVED ON BIRCHCREST! Estate sale opportunity tucked in a quiet Midland subdivision, just 5 miles west of downtown. This single-story ranch stretches 1,436 square feet across a layout that gives you real room to work with - separate living and family rooms, an eat-in kitchen, a formal dining room, three bedrooms, a full bath, and a 2-car attached garage all under one roof. The corner lot is a standout. At 185x104 feet, you're getting one of the more generous parcels in the neighborhood with solid street presence, room to breathe, and outdoor space that opens up a lot of possibilities depending on your vision. The bones are here. The square footage is here. The lot is here. What this home needs now is the right buyer to bring it back to life. If you're an investor looking for your next project, a handy buyer ready to build equity from day one, or someone who just wants space and the chance to put their own stamp on something You'll want to see this one.

3. 2026-05-15
   price $140,000 967-char remark

   Show marketing remark (967 chars)

   BELOVED ON BIRCHCREST! Estate sale opportunity tucked in a quiet Midland subdivision, just 5 miles west of downtown. This single-story ranch stretches 1,436 square feet across a layout that gives you real room to work with - separate living and family rooms, an eat-in kitchen, a formal dining room, three bedrooms, a full bath, and a 2-car attached garage all under one roof. The corner lot is a standout. At 185x104 feet, you're getting one of the more generous parcels in the neighborhood with solid street presence, room to breathe, and outdoor space that opens up a lot of possibilities depending on your vision. The bones are here. The square footage is here. The lot is here. What this home needs now is the right buyer to bring it back to life. If you're an investor looking for your next project, a handy buyer ready to build equity from day one, or someone who just wants space and the chance to put their own stamp on something You'll want to see this one.

4. 2026-05-14
   price $140,000 967-char remark

   Show marketing remark (967 chars)

   BELOVED ON BIRCHCREST! Estate sale opportunity tucked in a quiet Midland subdivision, just 5 miles west of downtown. This single-story ranch stretches 1,436 square feet across a layout that gives you real room to work with - separate living and family rooms, an eat-in kitchen, a formal dining room, three bedrooms, a full bath, and a 2-car attached garage all under one roof. The corner lot is a standout. At 185x104 feet, you're getting one of the more generous parcels in the neighborhood with solid street presence, room to breathe, and outdoor space that opens up a lot of possibilities depending on your vision. The bones are here. The square footage is here. The lot is here. What this home needs now is the right buyer to bring it back to life. If you're an investor looking for your next project, a handy buyer ready to build equity from day one, or someone who just wants space and the chance to put their own stamp on something You'll want to see this one.

5. 2026-04-29
   status Active 967-char remark

   Show marketing remark (967 chars)

   BELOVED ON BIRCHCREST! Estate sale opportunity tucked in a quiet Midland subdivision, just 5 miles west of downtown. This single-story ranch stretches 1,436 square feet across a layout that gives you real room to work with - separate living and family rooms, an eat-in kitchen, a formal dining room, three bedrooms, a full bath, and a 2-car attached garage all under one roof. The corner lot is a standout. At 185x104 feet, you're getting one of the more generous parcels in the neighborhood with solid street presence, room to breathe, and outdoor space that opens up a lot of possibilities depending on your vision. The bones are here. The square footage is here. The lot is here. What this home needs now is the right buyer to bring it back to life. If you're an investor looking for your next project, a handy buyer ready to build equity from day one, or someone who just wants space and the chance to put their own stamp on something You'll want to see this one.

6. 2026-04-29
   status Active 967-char remark

   Show marketing remark (967 chars)

   BELOVED ON BIRCHCREST! Estate sale opportunity tucked in a quiet Midland subdivision, just 5 miles west of downtown. This single-story ranch stretches 1,436 square feet across a layout that gives you real room to work with - separate living and family rooms, an eat-in kitchen, a formal dining room, three bedrooms, a full bath, and a 2-car attached garage all under one roof. The corner lot is a standout. At 185x104 feet, you're getting one of the more generous parcels in the neighborhood with solid street presence, room to breathe, and outdoor space that opens up a lot of possibilities depending on your vision. The bones are here. The square footage is here. The lot is here. What this home needs now is the right buyer to bring it back to life. If you're an investor looking for your next project, a handy buyer ready to build equity from day one, or someone who just wants space and the chance to put their own stamp on something You'll want to see this one.

7. 2026-04-21
   status Pending 967-char remark

   Show marketing remark (967 chars)

   BELOVED ON BIRCHCREST! Estate sale opportunity tucked in a quiet Midland subdivision, just 5 miles west of downtown. This single-story ranch stretches 1,436 square feet across a layout that gives you real room to work with - separate living and family rooms, an eat-in kitchen, a formal dining room, three bedrooms, a full bath, and a 2-car attached garage all under one roof. The corner lot is a standout. At 185x104 feet, you're getting one of the more generous parcels in the neighborhood with solid street presence, room to breathe, and outdoor space that opens up a lot of possibilities depending on your vision. The bones are here. The square footage is here. The lot is here. What this home needs now is the right buyer to bring it back to life. If you're an investor looking for your next project, a handy buyer ready to build equity from day one, or someone who just wants space and the chance to put their own stamp on something You'll want to see this one.

8. 2026-04-21
   status Pending 967-char remark

   Show marketing remark (967 chars)

   BELOVED ON BIRCHCREST! Estate sale opportunity tucked in a quiet Midland subdivision, just 5 miles west of downtown. This single-story ranch stretches 1,436 square feet across a layout that gives you real room to work with - separate living and family rooms, an eat-in kitchen, a formal dining room, three bedrooms, a full bath, and a 2-car attached garage all under one roof. The corner lot is a standout. At 185x104 feet, you're getting one of the more generous parcels in the neighborhood with solid street presence, room to breathe, and outdoor space that opens up a lot of possibilities depending on your vision. The bones are here. The square footage is here. The lot is here. What this home needs now is the right buyer to bring it back to life. If you're an investor looking for your next project, a handy buyer ready to build equity from day one, or someone who just wants space and the chance to put their own stamp on something You'll want to see this one.

9. 2026-04-16
   listed $160,000 Active 967-char remark

   Show marketing remark (967 chars)

   BELOVED ON BIRCHCREST! Estate sale opportunity tucked in a quiet Midland subdivision, just 5 miles west of downtown. This single-story ranch stretches 1,436 square feet across a layout that gives you real room to work with - separate living and family rooms, an eat-in kitchen, a formal dining room, three bedrooms, a full bath, and a 2-car attached garage all under one roof. The corner lot is a standout. At 185x104 feet, you're getting one of the more generous parcels in the neighborhood with solid street presence, room to breathe, and outdoor space that opens up a lot of possibilities depending on your vision. The bones are here. The square footage is here. The lot is here. What this home needs now is the right buyer to bring it back to life. If you're an investor looking for your next project, a handy buyer ready to build equity from day one, or someone who just wants space and the chance to put their own stamp on something You'll want to see this one.

10. 2026-04-16
    listed $160,000 Active 967-char remark

    Show marketing remark (967 chars)

    BELOVED ON BIRCHCREST! Estate sale opportunity tucked in a quiet Midland subdivision, just 5 miles west of downtown. This single-story ranch stretches 1,436 square feet across a layout that gives you real room to work with - separate living and family rooms, an eat-in kitchen, a formal dining room, three bedrooms, a full bath, and a 2-car attached garage all under one roof. The corner lot is a standout. At 185x104 feet, you're getting one of the more generous parcels in the neighborhood with solid street presence, room to breathe, and outdoor space that opens up a lot of possibilities depending on your vision. The bones are here. The square footage is here. The lot is here. What this home needs now is the right buyer to bring it back to life. If you're an investor looking for your next project, a handy buyer ready to build equity from day one, or someone who just wants space and the chance to put their own stamp on something You'll want to see this one.

11. 1985-02-01
    soldstatus $45,900

ⓘ 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: $1,316 · $110/mo
• Projected year-2 tax: $1,736 · $145/mo
• Expected delta: +$420/yr (+$35/mo · 31.9%)

ⓘ 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 3/10 Moderate
• 🌡 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: $19,674
• − Mortgage interest: −$7,842
• − Property taxes: −$1,316
• − Insurance: −$700
• − Repairs & maintenance: −$1,574
• − Management: −$1,574
• − Depreciation: −$4,073
• Taxable income: $2,595
• Est. tax owed @ 24.0%: −$623
• After-tax cash flow: $4,093/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: Midland Public Schools
• NCES district ID: 2623820
• Math proficiency: 49% ▼ -6.00%
• Reading proficiency: 64% ▼ -3.00%
• Median HH income: $55,844
• Composite: 48.67/100
• National rank: #2105
• State rank: #62 of 540 in MI

Livability — Midland

• Score: 85/100
• State rank: #28
• US rank: #578

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Midland County · 66,531 people
• City population: 66,531
• Metro: Midland, MI
• Population (ZIP): 32,492
• Household income: $80,574
• Rent vs Own: 25.0% rent · 75.0% own
• Severe rent burden: 939.0

Population outlook (Midland County) Hauer SSP2

• Today (2025): 83,968 people
• By 2030: 83,368 · -0.7%
• By 2040: 80,713 · -3.9%
• By 2050: 76,698 · -8.7%
• By 2075: 67,617 · -19.5%
• By 2100: 57,529 · -31.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 5% Hispanic / Latino 4% Asian 1% Black 1%
• Common ancestry: Romanian 7% Lithuanian 4% Italian 3%
• Foreign-born: 3% · Canada, South Korea, China
• Languages at home: 97% English-only · Spanish 1% Other Indo-European 1% German/W. Germanic 1%

Political lean MEDSL · Midland

• 2024 margin: R (+15.2) · D 41.6% · R 56.8% · Other 1.6%
• 2008→2024 swing: -11.6pp toward R · 2008: -3.6pp · 2024: -15.2pp
• All cycles: 2024: R+15.2 2020: R+14.6 2016: R+19.4 2012: R+15.5 2008: R+3.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -63.88%
• Current HPI: 230.5702
• Rent YoY: —
• Metro: Midland, 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

+205.0% since first listed

11 events — show timeline

• 2026-05-18 Pending — REALCOMP
• 2026-05-18 Pending — MiRealSource-MiMLS
• 2026-05-15 Price Changed $140,000 MiRealSource-MiMLS
• 2026-05-14 Price Changed $140,000 REALCOMP
• 2026-04-29 Relisted — REALCOMP
• 2026-04-29 Relisted — MiRealSource-MiMLS
• 2026-04-21 Pending — REALCOMP
• 2026-04-21 Pending — MiRealSource-MiMLS
• 2026-04-16 Listed $160,000 REALCOMP
• 2026-04-16 Listed $160,000 MiRealSource-MiMLS
• 1985-02-01 Sold (Public Records) $45,900 Public Records

Property tax history

+1.0%/yr

Latest (2024): $1,316 · +6.4% YoY. Source: county tax records.