1711 Maine St · Saginaw, MI 48602

$64,900

3 bd · 1.0 ba · 1,161 sqft · SingleFamily public records · 72 Days on market

Built 1909 5,663 sqft lot Est $75k · 14% 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 +13.8/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Rent growth +3.5/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Tired of paying rent? Come check out this three bedroom, one and half baths home ready for new owners. Spacious living room, large eat in kitchen with refrigerator and stove, formal dining room for those large family dinner's. One bedroom, laundry and bath on the main floor. Extra 11 x 6 loft area upstairs would make a great computer room. Main bath has jacuzzie tub. Fenced yard, detached garage and extra lot completes this setting. Call now!

Key facts

• 5,663 sq ft lot
• 2 garage spots
• Built 1909

Property features AI

Finance

• Other: Property type: Residential, single-family
• HOA & community: Homeowners association present

Exterior

• Parking: Detached assigned garage; Approximately 2.5 garage spaces
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Two stories; Residential zoning; Subdivision: GROUTS ADDITION; Cross streets: Wheeler and Maple
• Construction: Vinyl siding; Pillar/post/pier foundation; Built above-grade finished area of about 1,161 (finished on main levels)
• Exterior features: Deck; Porch; Fenced yard; Paved road access

Interior

• Kitchen: Oven; Range; Refrigerator
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Forced air heating; Natural gas heating; No central air
• Interior features: Electric water heater; Oven; Refrigerator; Range; Crawl space basement
• Laundry & utility: Electric water heater

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $65k.

Deal economics

• At list price, monthly cash flow is $354 ($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.
• Cap rate 12.8% vs local median 8.2% in Saginaw — 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 63/100 on livability (#521 in MI) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools F, crime F, amenities F.
• Saginaw School District (urban): math 20% / reading 29% proficiency, ranked #444 of 540 in MI (top 82%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 76% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+4.0%/yr); 250 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 $449 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 + 4.0% rent growth), your $18k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 72 days — a 6% lower offer ($61k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 24y 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 $9k; list at $65k implies a 621% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1909 — 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 72 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 1909 — 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: 1.58% ✓
• Cap rate: 12.83%
• Cash-on-cash: 23.35%
• DSCR: 2.04
• GRM: 5.3

CMA / ARV

• ARV (on-the-fly): $75,465
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1 Southlawn Ct	0.24mi	3/1.0	1,090 (-6%)	4mo	$116,900	$107	76
819 Grove St	0.06mi	3/1.0	1,298 (+12%)	3mo	$85,000	$65	75
1013 Maple St	0.14mi	3/1.0	1,034 (-11%)	2mo	$66,000	$64	73
202 S Wheeler St	0.43mi	3/1.0	1,228 (+6%)	2mo	$96,900	$79	69
1757 Burnham Dr	0.37mi	4/1.0 (+1)	1,097 (-6%)	2mo	$63,000	$57	66
2116 W Michigan Ave	0.65mi	3/1.0	1,159 (-0%)	4mo	$125,000	$108	66
1843 Kendrick St	0.28mi	3/1.0	1,296 (+12%)	4mo	$47,000	$36	64
1514 Marquette St	0.23mi	2/1.5 (-1)	986 (-15%)	2mo	$50,000	$51	56
1522 Gilbert St	0.75mi	2/1.0 (-1)	1,112 (-4%)	1mo	$67,000	$60	52
1811 Allegan St	0.49mi	3/1.0	1,316 (+13%)	3mo	$70,000	$53	52
1902 Newberry St	0.64mi	3/1.0	1,004 (-14%)	4mo	$139,900	$139	44
1511 Osborn St	0.73mi	2/1.0 (-1)	1,041 (-10%)	1mo	$90,000	$86	43

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 · 3.98% rent growth · sell at horizon

5-year hold

• IRR: 17.5%
• Equity multiple: 1.72×
• Total profit: $13,046
• Equity at exit: $9,677

10-year hold

• IRR: 26.7%
• Equity multiple: 3.46×
• Total profit: $44,720
• 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 48602

• Home prices YoY: -19.7%
• Rents YoY: 4.0%
• Active inventory: 250
• Price-to-rent: 5.3×

Monthly cashflow live

• Estimated rent: $1,026 medium
• Mortgage (P&I): −$340
• Tax from tax record: −$90 /mo · $1,078/yr
• Insurance: −$27
• HOA: −$0
• Vacancy / Maint / Mgmt: −$216
• Net cashflow: $354

Break-even live

Break-even rent $579

Max offer price $64,900

Occupancy floor 61%

Sensitivity live

Price	-10% $390	-5% $372	+0% $354	+5% $335	+10% $317
Rent	-10% $273	-5% $313	+0% $354	+5% $394	+10% $435
Rate	-1.0pp $386	-0.5pp $370	base $354	+0.5pp $337	+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: $16,225
• Closing costs: $1,947
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1827 Gilbert St Saginaw, MI	3.0	2.0	1008	$695	$0.69	44d	1	0.71mi
2021 Grout St Saginaw, MI	1.0–2.0	1.0	862	$995	$1.15	44d	1	0.82mi

Listing history 33 events

1. 2026-06-19
   days on market $64,900 Active 72 DOM
2. 2026-06-18
   days on market $64,900 Active 71 DOM
3. 2026-06-17
   days on market $64,900 Active 70 DOM
4. 2026-06-16
   days on market $64,900 Active 69 DOM
5. 2026-06-15
   days on market $64,900 Active 68 DOM
6. 2026-06-14
   days on market $64,900 Active 66 DOM
7. 2026-06-12
   days on market $64,900 Active 65 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. 2026-06-03
    days on market $64,900 Active 56 DOM
13. 2026-06-02
    days on market $64,900 Active 55 DOM
14. 2026-06-01
    days on market $64,900 Active 54 DOM
15. 2026-05-31
    days on market $64,900 Active 53 DOM
16. 2026-05-30
    days on market $64,900 Active 52 DOM
17. 2026-04-22
    price $64,900 446-char remark

    Show marketing remark (446 chars)

    Tired of paying rent? Come check out this three bedroom, one and half baths home ready for new owners. Spacious living room, large eat in kitchen with refrigerator and stove, formal dining room for those large family dinner's. One bedroom, laundry and bath on the main floor. Extra 11 x 6 loft area upstairs would make a great computer room. Main bath has jacuzzie tub. Fenced yard, detached garage and extra lot completes this setting. Call now!

18. 2026-04-22
    price $64,900

    Show marketing remark (446 chars)

    Tired of paying rent? Come check out this three bedroom, one and half baths home ready for new owners. Spacious living room, large eat in kitchen with refrigerator and stove, formal dining room for those large family dinner's. One bedroom, laundry and bath on the main floor. Extra 11 x 6 loft area upstairs would make a great computer room. Main bath has jacuzzie tub. Fenced yard, detached garage and extra lot completes this setting. Call now!

19. 2026-04-08
    listed $67,900 Active

    Show marketing remark (446 chars)

    Tired of paying rent? Come check out this three bedroom, one and half baths home ready for new owners. Spacious living room, large eat in kitchen with refrigerator and stove, formal dining room for those large family dinner's. One bedroom, laundry and bath on the main floor. Extra 11 x 6 loft area upstairs would make a great computer room. Main bath has jacuzzie tub. Fenced yard, detached garage and extra lot completes this setting. Call now!

20. 2026-04-08
    listed $67,900 Active 446-char remark

    Show marketing remark (446 chars)

    Tired of paying rent? Come check out this three bedroom, one and half baths home ready for new owners. Spacious living room, large eat in kitchen with refrigerator and stove, formal dining room for those large family dinner's. One bedroom, laundry and bath on the main floor. Extra 11 x 6 loft area upstairs would make a great computer room. Main bath has jacuzzie tub. Fenced yard, detached garage and extra lot completes this setting. Call now!

21. 2011-07-31
    historical
22. 2011-07-31
    historical
23. 2009-12-05
    listed $59,900
24. 2009-12-05
    listed $59,900
25. 2007-03-09
    historical
26. 2007-03-09
    historical
27. 2006-06-10
    listed $69,900
28. 2006-06-10
    listed $69,900
29. 2003-04-04
    soldstatus $9,000
30. 2003-04-04
    soldstatus $9,000
31. 2003-03-08
    historical
32. 2002-11-19
    listed $12,900
33. 2002-11-19
    listed $12,900

ⓘ 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: $1,078 · $90/mo
• Projected year-2 tax: $1,078 · $90/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 ≥99°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: $12,316
• − Mortgage interest: −$3,635
• − Property taxes: −$1,078
• − Insurance: −$324
• − Repairs & maintenance: −$985
• − Management: −$985
• − Depreciation: −$1,888
• Taxable income: $3,419
• Est. tax owed @ 24.0%: −$821
• After-tax cash flow: $3,422/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 School District
• NCES district ID: 2630390
• Math proficiency: 20% ▼ -5.00%
• Reading proficiency: 29% ▼ -3.00%
• Median HH income: $28,940
• Composite: 19.6/100
• National rank: #8755
• State rank: #444 of 540 in MI

Livability — Saginaw

• Score: 63/100
• State rank: #521
• US rank: #15424

Category grades

Amenities F Commute F 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

• Census place: Saginaw, MI
• County: Saginaw County · 54,884 people
• City population: 54,884
• Metro: Saginaw, MI
• Population (ZIP): 27,127
• Household income: $46,984
• Rent vs Own: 35.8% rent · 64.2% own
• Severe rent burden: 1416.0

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: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: White 50% Black 27% Hispanic / Latino 17% Two or more races 12%
• Hispanic origin (detail): Mexican 14% Puerto Rican 1%
• Common ancestry: Romanian 4% Lithuanian 3% Italian 2%
• Foreign-born: 1% · Canada
• Languages at home: 96% English-only · Spanish 3%

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: ▼ -39.15%
• Current HPI: 159.8807
• Rent YoY: ▲ 3.98%
• 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

+403.1% since first listed

17 events — show timeline

• 2026-04-22 Price Changed $64,900 MiRealSource-MiMLS
• 2026-04-22 Price Changed $64,900 REALCOMP
• 2026-04-08 Listed $67,900 REALCOMP
• 2026-04-08 Listed $67,900 MiRealSource-MiMLS
• 2011-07-31 Listing Removed — MiRealSource-MiMLS
• 2011-07-31 Listing Removed — REALCOMP
• 2009-12-05 Listed $59,900 MiRealSource-MiMLS
• 2009-12-05 Listed $59,900 REALCOMP
• 2007-03-09 Listing Removed — MiRealSource-MiMLS
• 2007-03-09 Listing Removed — REALCOMP
• 2006-06-10 Listed $69,900 MiRealSource-MiMLS
• 2006-06-10 Listed $69,900 REALCOMP
• 2003-04-04 Sold (MLS) $9,000 REALCOMP
• 2003-04-04 Sold (MLS) $9,000 MiRealSource-MiMLS
• 2003-03-08 Listing Removed — MiRealSource-MiMLS
• 2002-11-19 Listed $12,900 REALCOMP
• 2002-11-19 Listed $12,900 MiRealSource-MiMLS

Property tax history

+1.4%/yr

Latest (2025): $1,078 · -16.3% YoY. Source: county tax records.