6080 Shattuck Rd · Shields, MI 48603

$150,000

3 bd · 1.0 ba · 1,048 sqft · SingleFamily public records · 24 Days on market

Built 1968 0.41 ac lot $143/sqft · at area comps Est $243k · 38% under

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Why this score? — see what drove the C- 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 +16.7/30.0
• ARV discount +15.0/15.0
• DSCR +5.2/10.0
• Rent growth +4.4/5.0
• Livability +4.0/5.0
• 1% rule +3.7/10.0
• Schools +3.1/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Classic 1960s brick ranch hitting the market in a great location just outside of the city, offering 3 bedrooms, 1 full bath, and the kind of solid construction buyers are always searching for. This home has been well-maintained and features a functional layout with comfortable living spaces. The chimney fireplace anchors the main living area and adds that warm, inviting feel that never goes out of style. A newer furnace provides peace of mind, and the partially finished basement offers additional space for entertaining, storage, or future expansion. Step outside to a spacious backyard with plenty of room to relax, host, or create your own outdoor setup. While the interior reflects its original character, the home presents a clear opportunity for cosmetic updates and immediate equity. That combination of condition, location, and potential is exactly what today's buyers are looking for. Opportunities like this don't last. If you've been waiting for something you can make your own without overpaying, this is it.

Key facts

• 0.41 acre lot
• 2 garage spots
• Built 1968

Property features AI

Exterior

• Parking: Attached heated 2-car garage
• Utilities: Public water; Septic sewer
• Home design: Single-family residence; One level; Ground-level entry with steps
• Construction: Brick construction; Block foundation
• Exterior features: Paved road access; Lot roughly 0.41 acres (100 x 211)

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Natural gas heating; No cooling (no central air)
• Interior features: Partially finished basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $94 ($1k/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 $131k (12.5% below list).
• Recommended offer: $131k (12.5% below list) — sets the bar for 1% rule.
• Cap rate 7.0% vs local median 4.5% in Shields — 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 81/100 on livability (#59 in MI, #1,310 nationally) — a professional / high-income tenant draw. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F.
• Saginaw Township Community Schools (suburban): math 27% / reading 45% proficiency, ranked #265 of 540 in MI (top 49%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+7.7%/yr); 156 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 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 $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 24 days — a 2% lower offer ($148k) is reasonable based on typical stale-listing flexibility.
• 2 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 $131,189 (12.5% below list)

Questions for the listing agent

1. Built in 1968 — 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 B-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: 0.87% ✗
• Cap rate: 7.04%
• Cash-on-cash: 2.68%
• DSCR: 1.12
• GRM: 9.5

CMA / ARV

• ARV (median comp): $242,963
• List price: $150,000
• Delta: -38.26%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3455 Mannion Rd	0.68mi	3/1.0	1,190 (+14%)	0mo	$190,000	$160	45

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 · 7.71% rent growth · sell at horizon

5-year hold

• IRR: -7.3%
• Equity multiple: 0.72×
• Total profit: $-11,847
• Equity at exit: $22,365

10-year hold

• IRR: 7.1%
• Equity multiple: 1.64×
• Total profit: $26,695
• Equity at exit: $12,969

Cash invested: $42,000 (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 48603

• Rents YoY: 7.7%
• Active inventory: 156
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $1,312 medium
• Mortgage (P&I): −$787
• Tax from tax record: −$93 /mo · $1,120/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$275
• Net cashflow: $94

Break-even live

Break-even rent $1,193

Max offer price $150,000

Occupancy floor 88%

Sensitivity live

Price	-10% $179	-5% $136	+0% $94	+5% $52	+10% $9
Rent	-10% $-10	-5% $42	+0% $94	+5% $146	+10% $198
Rate	-1.0pp $170	-0.5pp $132	base $94	+0.5pp $55	+1.0pp $16

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: $37,500
• Closing costs: $4,500
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
6301 Fox Glen Dr Saginaw, MI	2.0	1.0	662	$1,125	$1.70	44d	1	1.31mi
4509 Longmeadow Blvd W Saginaw, MI	2.0–3.0	1.0–2.0	1056	$1,199	$1.14	44d	1	1.47mi

Listing history 5 events

1. 2026-05-06
   historical Accepting Backup Offers 1024-char remark

   Show marketing remark (1024 chars)

   Classic 1960s brick ranch hitting the market in a great location just outside of the city, offering 3 bedrooms, 1 full bath, and the kind of solid construction buyers are always searching for. This home has been well-maintained and features a functional layout with comfortable living spaces. The chimney fireplace anchors the main living area and adds that warm, inviting feel that never goes out of style. A newer furnace provides peace of mind, and the partially finished basement offers additional space for entertaining, storage, or future expansion. Step outside to a spacious backyard with plenty of room to relax, host, or create your own outdoor setup. While the interior reflects its original character, the home presents a clear opportunity for cosmetic updates and immediate equity. That combination of condition, location, and potential is exactly what today's buyers are looking for. Opportunities like this don't last. If you've been waiting for something you can make your own without overpaying, this is it.

2. 2026-05-06
   historical Active Under Contract 1042-char remark

   Show marketing remark (1024 chars)

   Classic 1960s brick ranch hitting the market in a great location just outside of the city, offering 3 bedrooms, 1 full bath, and the kind of solid construction buyers are always searching for. This home has been well-maintained and features a functional layout with comfortable living spaces. The chimney fireplace anchors the main living area and adds that warm, inviting feel that never goes out of style. A newer furnace provides peace of mind, and the partially finished basement offers additional space for entertaining, storage, or future expansion. Step outside to a spacious backyard with plenty of room to relax, host, or create your own outdoor setup. While the interior reflects its original character, the home presents a clear opportunity for cosmetic updates and immediate equity. That combination of condition, location, and potential is exactly what today's buyers are looking for. Opportunities like this don't last. If you've been waiting for something you can make your own without overpaying, this is it.

3. 2026-05-03
   listed $150,000 Active 1024-char remark

   Show marketing remark (1024 chars)

   Classic 1960s brick ranch hitting the market in a great location just outside of the city, offering 3 bedrooms, 1 full bath, and the kind of solid construction buyers are always searching for. This home has been well-maintained and features a functional layout with comfortable living spaces. The chimney fireplace anchors the main living area and adds that warm, inviting feel that never goes out of style. A newer furnace provides peace of mind, and the partially finished basement offers additional space for entertaining, storage, or future expansion. Step outside to a spacious backyard with plenty of room to relax, host, or create your own outdoor setup. While the interior reflects its original character, the home presents a clear opportunity for cosmetic updates and immediate equity. That combination of condition, location, and potential is exactly what today's buyers are looking for. Opportunities like this don't last. If you've been waiting for something you can make your own without overpaying, this is it.

4. 2026-05-03
   listed $150,000 Active 1042-char remark

   Show marketing remark (1024 chars)

   Classic 1960s brick ranch hitting the market in a great location just outside of the city, offering 3 bedrooms, 1 full bath, and the kind of solid construction buyers are always searching for. This home has been well-maintained and features a functional layout with comfortable living spaces. The chimney fireplace anchors the main living area and adds that warm, inviting feel that never goes out of style. A newer furnace provides peace of mind, and the partially finished basement offers additional space for entertaining, storage, or future expansion. Step outside to a spacious backyard with plenty of room to relax, host, or create your own outdoor setup. While the interior reflects its original character, the home presents a clear opportunity for cosmetic updates and immediate equity. That combination of condition, location, and potential is exactly what today's buyers are looking for. Opportunities like this don't last. If you've been waiting for something you can make your own without overpaying, this is it.

5. 2026-04-29
   historical $150,000 1024-char remark

   Show marketing remark (1024 chars)

   Classic 1960s brick ranch hitting the market in a great location just outside of the city, offering 3 bedrooms, 1 full bath, and the kind of solid construction buyers are always searching for. This home has been well-maintained and features a functional layout with comfortable living spaces. The chimney fireplace anchors the main living area and adds that warm, inviting feel that never goes out of style. A newer furnace provides peace of mind, and the partially finished basement offers additional space for entertaining, storage, or future expansion. Step outside to a spacious backyard with plenty of room to relax, host, or create your own outdoor setup. While the interior reflects its original character, the home presents a clear opportunity for cosmetic updates and immediate equity. That combination of condition, location, and potential is exactly what today's buyers are looking for. Opportunities like this don't last. If you've been waiting for something you can make your own without overpaying, this is it.

ⓘ 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: $1,120 · $93/mo
• Projected year-2 tax: $1,715 · $143/mo
• Expected delta: +$595/yr (+$50/mo · 53.2%)

ⓘ 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 · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,743
• − Mortgage interest: −$8,402
• − Property taxes: −$1,120
• − Insurance: −$750
• − Repairs & maintenance: −$1,259
• − Management: −$1,259
• − Depreciation: −$4,364
• Taxable loss: −$1,412
• Est. tax savings @ 24.0%: +$339
• After-tax cash flow: $1,467/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: Saginaw Township Community Schools
• NCES district ID: 2630450
• Math proficiency: 27% ▼ -9.00%
• Reading proficiency: 45% ▼ -4.00%
• Median HH income: $48,971
• Composite: 31.01/100
• National rank: #6094
• State rank: #265 of 540 in MI

Livability — Shields

• Score: 81/100
• State rank: #59
• US rank: #1310

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Saginaw County · 54,884 people
• Metro: Saginaw, MI
• Population (ZIP): 27,757
• Household income: $66,352
• Rent vs Own: 33.1% rent · 66.9% own
• Severe rent burden: 1106.0

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: Predominantly White (70%)
• Race & ethnicity: White 70% Black 12% Hispanic / Latino 10% Asian 5% Two or more races 5%
• Hispanic origin (detail): Mexican 8%
• Common ancestry: Romanian 8% Lithuanian 7% Slovak 3%
• Foreign-born: 6% · Canada, China
• Languages at home: 93% English-only · Other Indo-European 3% Spanish 2% Other Asian/Pacific 1%

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: ▼ -103.35%
• Current HPI: 152.7507
• Rent YoY: ▲ 7.71%
• Metro: Saginaw, 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

+0.0% since first listed

7 events — show timeline

• 2026-05-26 Pending — MiRealSource-MiMLS
• 2026-05-26 Pending — REALCOMP
• 2026-05-06 Contingent — MiRealSource-MiMLS
• 2026-05-06 Contingent — REALCOMP
• 2026-05-03 Listed $150,000 MiRealSource-MiMLS
• 2026-05-03 Listed $150,000 REALCOMP
• 2026-04-29 Coming Soon $150,000 MiRealSource-MiMLS

Property tax history

-2.2%/yr

Latest (2025): $1,120 · -47.6% YoY. Source: county tax records.