1080 Saratoga Rd · Bridgeport, MI 48601

$61,000

4 bd · 1.0 ba · 780 sqft · SingleFamily public records · 3 Days on market

Built 1954 0.27 ac lot

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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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +2.9/5.0
• 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

Investor Special! With some TLC, this could be a great first home or rental to add to your portfolio. 4th bedroom was used as a laundry room in the past. Seller loves the neighborhood and hopes the next owner does as well. Spaulding Township home with lots of potential. Great location just off Sheridan Rd, making commuting easy! Birch Run bus pickup locations are very close. Garage may need to be torn down for financing. Sold AS with immediate occupancy.

Key facts

• 0.27 acre lot
• Garage
• Built 1954

Property features AI

Finance

• HOA & community: Homeowners association present

Exterior

• Parking: Detached garage
• Utilities: Public water; Septic tank sewer
• Home design: Single-family residence; One-and-a-half story
• Construction: Vinyl siding
• Exterior features: Lot approximately 100 x 105 (0.27 acre)

Interior

• Flooring: Hardwood floors
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); No central cooling
• Interior features: High-speed internet; Crawl space basement with sump pump

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $61k.

Deal economics

• At list price, monthly cash flow is $514 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $61k).
• Cap rate 16.4% vs local median 6.3% 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: 199 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 $422 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $17k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 4 sale attempts since 17y ago 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.
• Current owner paid $25k; list at $61k implies a 144% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1954 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $61,000

Questions for the listing agent

1. Built in 1954 — 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 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.83% ✓
• Cap rate: 16.41%
• Cash-on-cash: 36.11%
• DSCR: 2.61
• GRM: 4.6

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 31.8%
• Equity multiple: 2.34×
• Total profit: $22,838
• Equity at exit: $9,095

10-year hold

• IRR: 38.9%
• Equity multiple: 4.63×
• Total profit: $61,978
• Equity at exit: $5,274

Cash invested: $17,080 (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: 199
• Price-to-rent: 4.6×

Monthly cashflow live

• Estimated rent: $1,116 medium
• Mortgage (P&I): −$320
• Tax from tax record: −$22 /mo · $268/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$234
• Net cashflow: $514

Break-even live

Break-even rent $465

Max offer price $61,000

Occupancy floor 49%

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: $15,250
• Closing costs: $1,830
• Reserves months: —
• Total cash needed: —

Listing history 7 events

1. 2026-05-24
   listed $61,000 Active

   Show marketing remark (459 chars)

   Investor Special! With some TLC, this could be a great first home or rental to add to your portfolio. 4th bedroom was used as a laundry room in the past. Seller loves the neighborhood and hopes the next owner does as well. Spaulding Township home with lots of potential. Great location just off Sheridan Rd, making commuting easy! Birch Run bus pickup locations are very close. Garage may need to be torn down for financing. Sold AS with immediate occupancy.

2. 2026-05-24
   listed $61,000 Active 459-char remark

   Show marketing remark (459 chars)

   Investor Special! With some TLC, this could be a great first home or rental to add to your portfolio. 4th bedroom was used as a laundry room in the past. Seller loves the neighborhood and hopes the next owner does as well. Spaulding Township home with lots of potential. Great location just off Sheridan Rd, making commuting easy! Birch Run bus pickup locations are very close. Garage may need to be torn down for financing. Sold AS with immediate occupancy.

3. 2010-06-02
   soldstatus $25,000 328-char remark

   Show marketing remark (328 chars)

   HUD home. Sold 'AS IS' by Elec Bid only. For Prop. conditions, Forms, Discl, Avail see Website in Agent Remarks * . Insured. Bids due by 03-23-10 11:59 PM or daily until sold. MCB makes no warranty as to current or future existence of mold in this property and is not liable for the potentially harmful effects thereof. Reduced.

4. 2010-06-02
   soldstatus $25,000

   Show marketing remark (328 chars)

   HUD home. Sold 'AS IS' by Elec Bid only. For Prop. conditions, Forms, Discl, Avail see Website in Agent Remarks * . Insured. Bids due by 03-23-10 11:59 PM or daily until sold. MCB makes no warranty as to current or future existence of mold in this property and is not liable for the potentially harmful effects thereof. Reduced.

5. 2010-03-24
   historical 328-char remark

   Show marketing remark (328 chars)

   HUD home. Sold 'AS IS' by Elec Bid only. For Prop. conditions, Forms, Discl, Avail see Website in Agent Remarks * . Insured. Bids due by 03-23-10 11:59 PM or daily until sold. MCB makes no warranty as to current or future existence of mold in this property and is not liable for the potentially harmful effects thereof. Reduced.

6. 2009-10-09
   listed $31,500 328-char remark

   Show marketing remark (328 chars)

   HUD home. Sold 'AS IS' by Elec Bid only. For Prop. conditions, Forms, Discl, Avail see Website in Agent Remarks * . Insured. Bids due by 03-23-10 11:59 PM or daily until sold. MCB makes no warranty as to current or future existence of mold in this property and is not liable for the potentially harmful effects thereof. Reduced.

7. 2009-10-09
   listed $31,500

   Show marketing remark (328 chars)

   HUD home. Sold 'AS IS' by Elec Bid only. For Prop. conditions, Forms, Discl, Avail see Website in Agent Remarks * . Insured. Bids due by 03-23-10 11:59 PM or daily until sold. MCB makes no warranty as to current or future existence of mold in this property and is not liable for the potentially harmful effects thereof. Reduced.

ⓘ 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: $268 · $22/mo
• Projected year-2 tax: $604 · $50/mo
• Expected delta: +$335/yr (+$28/mo · 125.0%)

ⓘ 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: $13,393
• − Mortgage interest: −$3,417
• − Property taxes: −$268
• − Insurance: −$305
• − Repairs & maintenance: −$1,071
• − Management: −$1,071
• − Depreciation: −$1,775
• Taxable income: $5,485
• Est. tax owed @ 24.0%: −$1,316
• After-tax cash flow: $4,852/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

• 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

+93.7% since first listed

7 events — show timeline

• 2026-05-24 Listed $61,000 REALCOMP
• 2026-05-24 Listed $61,000 MiRealSource-MiMLS
• 2010-06-02 Sold (MLS) $25,000 REALCOMP
• 2010-06-02 Sold (MLS) $25,000 MiRealSource-MiMLS
• 2010-03-24 Listing Removed — MiRealSource-MiMLS
• 2009-10-09 Listed $31,500 REALCOMP
• 2009-10-09 Listed $31,500 MiRealSource-MiMLS

Property tax history

-9.0%/yr

Latest (2025): $268 · -74.2% YoY. Source: county tax records.