4770 King Rd · Bridgeport, MI 48601

$184,900

4 bd · 1.0 ba · 1,879 sqft · SingleFamily public records · 144 Days on market

Built 1952 9,583 sqft lot $98/sqft · 6% below area Est $196k · 6% under ↓ 4% 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 +15.1/30.0
• ARV discount +10.1/15.0
• DSCR +4.6/10.0
• 1% rule +3.0/10.0
• 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

This residence is crisp, clean, and move-in ready! It features four spacious bedrooms, providing ample space for comfortable living. In addition, two well-appointed bathrooms offer both convenience and comfort for daily routines, making this home ideal for anyone seeking extra space. The kitchen is beautifully designed and includes all kitchen appliances, ensuring that meal preparation is easy and efficient from day one. Adjacent to the kitchen, the dining room serves as a perfect setting for gathering. The large great room and living room offer versatile spaces that are well-suited for relaxing, entertaining guests, or enjoying quiet evenings at home. Throughout the home, newer flooring has been installed, and each room has been freshly painted. These modern updates provide a fresh and contemporary look, creating a welcoming atmosphere that new owners will appreciate. At closing, a 14-month Home Warranty will be included, bringing additional peace of mind and protecting your investment in this property.

Key facts

• Kitchen appliances
• Newer flooring
• Living room

Tags

• MOVE IN READY
• KITCHEN APPLIANCES
• DINING ROOM
• GREAT ROOM
• LIVING ROOM
• NEWER FLOORING

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $185k.

Deal economics

• At list price, monthly cash flow is $62 ($747/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $148k (20.1% below list).
• Recommended offer: $148k (20.1% below list) — sets the bar for 1% rule.

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, amenities 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.
• Zoned schools: Martin G Atkins Elementary School (math 8% / reading 12%, grade F, #1,277 of 1,397 statewide, top 93%, 346 students, 95% FRL); Bridgeportspaulding Middle Schoolschrah (math 7% / reading 20%, grade F, #462 of 493 statewide, top 94%, 365 students, 97% FRL); Bridgeport High School (math 8% / reading 22%, grade F, #640 of 713 statewide, top 91%, 501 students, 88% FRL) — zoned schools average 93% FRL vs 75% district-wide (18 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 200 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 $1k of loan paydown is wiped out by about $6k 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 144 days — a 12% lower offer ($163k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $13k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1952 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $147,660 (20.1% below list)

Questions for the listing agent

1. It's been on market 144 days. Have you received any prior offers? Is the seller open to a 20% concession, seller financing, or rate buy-down credit?
2. Built in 1952 — 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 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?
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: 0.80% ✗
• Cap rate: 6.70%
• Cash-on-cash: 1.44%
• DSCR: 1.06
• GRM: 10.4

CMA / ARV

• ARV (median comp): $196,149
• List price: $184,900
• Delta: -5.74%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2665 S Airport Rd	0.44mi	4/1.0	1,838 (-2%)	11mo	$92,000	$50	67
4590 King Rd	0.17mi	4/1.0	1,713 (-9%)	13mo	$180,000	$105	66
3314 S Airport Rd	0.36mi	3/2.0 (-1)	1,966 (+5%)	21mo	$235,000	$120	49
3590 Airport Rd	0.63mi	4/2.0	2,000 (+6%)	11mo	$240,000	$120	47
5280 Eldorado Dr	0.73mi	3/2.0 (-1)	1,666 (-11%)	12mo	$190,000	$114	28

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: -14.1%
• Equity multiple: 0.50×
• Total profit: $-26,084
• Equity at exit: $27,569

10-year hold

• IRR: -5.3%
• Equity multiple: 0.65×
• Total profit: $-17,954
• Equity at exit: $15,987

Cash invested: $51,772 (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: 200
• Price-to-rent: 10.4×

Monthly cashflow live

• Estimated rent: $1,477 medium
• Mortgage (P&I): −$970
• Tax from tax record: −$58 /mo · $692/yr
• Insurance: −$77
• HOA: −$0
• Vacancy / Maint / Mgmt: −$310
• Net cashflow: $62

Break-even live

Break-even rent $1,398

Max offer price $184,900

Occupancy floor 91%

Sensitivity live

Price	-10% $167	-5% $115	+0% $62	+5% $10	+10% $-42
Rent	-10% $-54	-5% $4	+0% $62	+5% $121	+10% $179
Rate	-1.0pp $155	-0.5pp $109	base $62	+0.5pp $14	+1.0pp $-34

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: $46,225
• Closing costs: $5,547
• Reserves months: —
• Total cash needed: —

Listing history 21 events

1. 2026-06-21
   days on market $184,900 Active 144 DOM
2. 2026-06-21
   days on market $184,900 Active 143 DOM
3. 2026-06-18
   days on market $184,900 Active 141 DOM
4. 2026-06-17
   days on market $184,900 Active 140 DOM
5. 2026-06-16
   days on market $184,900 Active 139 DOM
6. 2026-06-15
   days on market $184,900 Active 138 DOM
7. 2026-06-13
   days on market $184,900 Active 136 DOM
8. 2026-06-12
   days on market $184,900 Active 135 DOM
9. 2026-06-09
   days on market $184,900 Active 132 DOM
10. 2026-06-08
    days on market $184,900 Active 131 DOM
11. 2026-06-07
    days on market $184,900 Active 130 DOM
12. 2026-06-07
    days on market $184,900 Active 129 DOM
13. 2026-06-04
    days on market $184,900 Active 126 DOM
14. 2026-06-02
    pricedays on market $184,900 Active 125 DOM
15. 2026-06-01
    days on market $189,900 Active 124 DOM
16. 2026-05-31
    days on market $189,900 Active 123 DOM
17. 2026-05-31
    days on market $189,900 Active 122 DOM
18. 2026-02-18
    price $189,900 1019-char remark

    Show marketing remark (1019 chars)

    This residence is crisp, clean, and move-in ready! It features four spacious bedrooms, providing ample space for comfortable living. In addition, two well-appointed bathrooms offer both convenience and comfort for daily routines, making this home ideal for anyone seeking extra space. The kitchen is beautifully designed and includes all kitchen appliances, ensuring that meal preparation is easy and efficient from day one. Adjacent to the kitchen, the dining room serves as a perfect setting for gathering. The large great room and living room offer versatile spaces that are well-suited for relaxing, entertaining guests, or enjoying quiet evenings at home. Throughout the home, newer flooring has been installed, and each room has been freshly painted. These modern updates provide a fresh and contemporary look, creating a welcoming atmosphere that new owners will appreciate. At closing, a 14-month Home Warranty will be included, bringing additional peace of mind and protecting your investment in this property.

19. 2026-02-17
    price $189,900 1019-char remark

    Show marketing remark (1019 chars)

    This residence is crisp, clean, and move-in ready! It features four spacious bedrooms, providing ample space for comfortable living. In addition, two well-appointed bathrooms offer both convenience and comfort for daily routines, making this home ideal for anyone seeking extra space. The kitchen is beautifully designed and includes all kitchen appliances, ensuring that meal preparation is easy and efficient from day one. Adjacent to the kitchen, the dining room serves as a perfect setting for gathering. The large great room and living room offer versatile spaces that are well-suited for relaxing, entertaining guests, or enjoying quiet evenings at home. Throughout the home, newer flooring has been installed, and each room has been freshly painted. These modern updates provide a fresh and contemporary look, creating a welcoming atmosphere that new owners will appreciate. At closing, a 14-month Home Warranty will be included, bringing additional peace of mind and protecting your investment in this property.

20. 2026-01-28
    listed $198,000 Active 1019-char remark

    Show marketing remark (1019 chars)

    This residence is crisp, clean, and move-in ready! It features four spacious bedrooms, providing ample space for comfortable living. In addition, two well-appointed bathrooms offer both convenience and comfort for daily routines, making this home ideal for anyone seeking extra space. The kitchen is beautifully designed and includes all kitchen appliances, ensuring that meal preparation is easy and efficient from day one. Adjacent to the kitchen, the dining room serves as a perfect setting for gathering. The large great room and living room offer versatile spaces that are well-suited for relaxing, entertaining guests, or enjoying quiet evenings at home. Throughout the home, newer flooring has been installed, and each room has been freshly painted. These modern updates provide a fresh and contemporary look, creating a welcoming atmosphere that new owners will appreciate. At closing, a 14-month Home Warranty will be included, bringing additional peace of mind and protecting your investment in this property.

21. 2026-01-28
    listed $198,000 Active 1019-char remark

    Show marketing remark (1019 chars)

    This residence is crisp, clean, and move-in ready! It features four spacious bedrooms, providing ample space for comfortable living. In addition, two well-appointed bathrooms offer both convenience and comfort for daily routines, making this home ideal for anyone seeking extra space. The kitchen is beautifully designed and includes all kitchen appliances, ensuring that meal preparation is easy and efficient from day one. Adjacent to the kitchen, the dining room serves as a perfect setting for gathering. The large great room and living room offer versatile spaces that are well-suited for relaxing, entertaining guests, or enjoying quiet evenings at home. Throughout the home, newer flooring has been installed, and each room has been freshly painted. These modern updates provide a fresh and contemporary look, creating a welcoming atmosphere that new owners will appreciate. At closing, a 14-month Home Warranty will be included, bringing additional peace of mind and protecting your investment in this property.

ⓘ 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: $692 · $58/mo
• Projected year-2 tax: $1,769 · $147/mo
• Expected delta: +$1,078/yr (+$90/mo · 155.9%)

ⓘ 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: $17,719
• − Mortgage interest: −$10,357
• − Property taxes: −$692
• − Insurance: −$924
• − Repairs & maintenance: −$1,418
• − Management: −$1,418
• − Depreciation: −$5,379
• Taxable loss: −$2,468
• Est. tax savings @ 24.0%: +$592
• After-tax cash flow: $1,339/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

-4.1% since first listed

4 events — show timeline

• 2026-02-18 Price Changed $189,900 MiRealSource-MiMLS
• 2026-02-17 Price Changed $189,900 REALCOMP
• 2026-01-28 Listed $198,000 REALCOMP
• 2026-01-28 Listed $198,000 MiRealSource-MiMLS

Property tax history

-4.7%/yr

Latest (2025): $692 · -81.0% YoY. Source: county tax records.