647 N Washington St · Owosso, MI 48867

$170,000

3 bd · 2.0 ba · 1,857 sqft · SingleFamily public records · 6 Days on market

Built 1900 4,792 sqft lot $92/sqft · 5% below area Est $199k · 14% under

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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).

• ARV discount +14.0/15.0
• Cash flow +9.8/30.0
• Livability +3.8/5.0
• 1% rule +3.4/10.0
• DSCR +2.8/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

This historic home in the heart of Owosso is ready for new owners! YES, a home filled with character, warmth, and timeless detail. From the moment you step inside, the rich wood trim, grand staircase, tall ceilings, and charming original features set the tone. All reasons that the sellers fell in love with the home, and sure to be the reasons you will too. After stepping through the front entry way, you'll find an inviting layout with a spacious foyer, comfortable living area, formal dining room, and a bright kitchen with abundant cabinetry and generous counter space. The first floor also hosts a bedroom, full bath and laundry room. With additional hidden storage in the laundry and built in cabinets, it would be hard to overfill! Additionally, just adjacent to the kitchen is a mudroom for the rear entry way. Upstairs, the home's cozy feel continues! A landing and hallway with storage and natural light sprouts off to the bedrooms and full bath. Both rooms have beautiful wood floors, and ample closet space and floor space for large bed frames or bedroom sets. You will also find that the partially finished basement is largely usable and allows for storage and potentially a small recreation room. Outside, enjoy a covered front porch, fenced backyard, patio area, and oversized one car garage. It is rare to find a home that blends classic charm with everyday function. The past owners have preserved much of the home's original beauty, and there is no shortage of original hardwood flooring and detailed trim work. The sellers have made some key updates including the large windows throughout the home which bring in an abundance of lighting. With its lovely interior, private yard, and convenient Owosso location, this home is a great opportunity for anyone looking for well rounded value.

Key facts

• 4,792 sq ft lot
• Garage
• Built 1900

Property features AI

Exterior

• Parking: Detached garage (1.5 car)
• Utilities: Public water; Public sewer; Forced air heating (natural gas); No central cooling
• Home design: Single-family residence; Two levels with ground-level entry and steps; Vinyl siding
• Construction: Asphalt roof; Stone foundation; Vinyl siding construction; Built with two stories
• Exterior features: Fenced yard; Paved road access; Lot dimensions approximately 34 x 143 (0.11 acre)

Interior

• Kitchen: Dishwasher; Free-standing electric range; Microwave; Free-standing refrigerator
• Bedrooms: Total of 7 rooms (including bedrooms and living spaces)
• Bathrooms: Two full bathrooms
• Interior features: Wood-burning fireplace in the living room; Partially finished basement with crawl space
• Laundry & utility: Dedicated laundry room; Washer and dryer included

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $170k.

Deal economics

• At list price, monthly cash flow is $-109 ($-1k/yr) — negative.
• To cash-flow at today's rent, offer at most $151k (11.3% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $142k (16.3% below list).
• Recommended offer: $142k (16.3% below list) — sets the bar for 1% rule.
• Cap rate 5.5% vs local median 4.2% in Owosso — 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 76/100 on livability (#147 in MI, #3,704 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime D-, commute F, employment D-.
• Owosso Public Schools (town): math 21% / reading 33% proficiency, ranked #401 of 540 in MI (top 74%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Zoned schools: Central School (math 32% / reading 42%, grade F, #685 of 1,397 statewide, top 51%, 423 students, 48% FRL); Owosso Middle School (math 15% / reading 36%, grade F, #385 of 493 statewide, top 78%, 643 students, 63% FRL); Owosso High School (math 32% / reading 52%, grade F, #264 of 713 statewide, top 41%, 843 students, 61% FRL).
• Market conditions: 167 active listings in the ZIP; 74 units permitted in Shiawassee 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 $5k of value loss. Plan a longer hold.
• Shiawassee County population projected at -25% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 20 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.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $142,237 (16.3% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
5. 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?
6. 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?
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: 0.84% ✗
• Cap rate: 5.53%
• Cash-on-cash: -2.74%
• DSCR: 0.88
• GRM: 10.0

CMA / ARV

• ARV (median comp): $198,559
• List price: $170,000
• Delta: -14.38%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
647 N Washington St	0.00mi	3/2.0	2,057 (+11%)	0mo	$182,000	$88	82
303 W Williams St	0.28mi	3/2.5	1,790 (-4%)	1mo	$225,000	$126	78
323 Goodhue St	0.22mi	4/1.5 (+1)	1,927 (+4%)	1mo	$196,700	$102	76
1102 N Ball St	0.33mi	3/2.0	1,804 (-3%)	5mo	$280,800	$156	76
723 Adams St	0.21mi	4/1.0 (+1)	1,938 (+4%)	3mo	$190,000	$98	72
1004 N Ball St	0.26mi	2/2.0 (-1)	1,719 (-7%)	5mo	$172,500	$100	67
705 Campbell Dr	0.48mi	3/1.5	1,924 (+4%)	5mo	$145,000	$75	65
309 Goodhue St	0.20mi	4/2.0 (+1)	2,102 (+13%)	2mo	$154,000	$73	62
331 N Saginaw St	0.29mi	3/1.0	1,583 (-15%)	3mo	$55,000	$35	55
615 Clark Ave	0.48mi	4/1.5 (+1)	2,068 (+11%)	0mo	$189,000	$91	52
1104 Riverside Dr	0.63mi	3/3.5	1,980 (+7%)	5mo	$350,000	$177	50
1119 Dingwall Dr	0.46mi	4/1.0 (+1)	1,582 (-15%)	2mo	$160,000	$101	44

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: -20.8%
• Equity multiple: 0.28×
• Total profit: $-34,412
• Equity at exit: $25,348

10-year hold

• IRR: -14.1%
• Equity multiple: 0.19×
• Total profit: $-38,648
• Equity at exit: $14,698

Cash invested: $47,600 (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 48867

• Active inventory: 167
• Price-to-rent: 10.0×

Monthly cashflow live

• Estimated rent: $1,422 medium
• Mortgage (P&I): −$891
• Tax from tax record: −$270 /mo · $3,240/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$299
• Net cashflow: $-109

Break-even live

Break-even rent $1,560

Max offer price $150,802

Occupancy floor —

Sensitivity live

Price	-10% $-12	-5% $-61	+0% $-109	+5% $-157	+10% $-205
Rent	-10% $-221	-5% $-165	+0% $-109	+5% $-52	+10% $4
Rate	-1.0pp $-23	-0.5pp $-65	base $-109	+0.5pp $-153	+1.0pp $-198

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: $42,500
• Closing costs: $5,100
• Reserves months: —
• Total cash needed: —

Listing history 48 events

1. 2026-05-06
   status Pending 1806-char remark

   Show marketing remark (1806 chars)

   This historic home in the heart of Owosso is ready for new owners! YES, a home filled with character, warmth, and timeless detail. From the moment you step inside, the rich wood trim, grand staircase, tall ceilings, and charming original features set the tone. All reasons that the sellers fell in love with the home, and sure to be the reasons you will too. After stepping through the front entry way, you'll find an inviting layout with a spacious foyer, comfortable living area, formal dining room, and a bright kitchen with abundant cabinetry and generous counter space. The first floor also hosts a bedroom, full bath and laundry room. With additional hidden storage in the laundry and built in cabinets, it would be hard to overfill! Additionally, just adjacent to the kitchen is a mudroom for the rear entry way. Upstairs, the home's cozy feel continues! A landing and hallway with storage and natural light sprouts off to the bedrooms and full bath. Both rooms have beautiful wood floors, and ample closet space and floor space for large bed frames or bedroom sets. You will also find that the partially finished basement is largely usable and allows for storage and potentially a small recreation room. Outside, enjoy a covered front porch, fenced backyard, patio area, and oversized one car garage. It is rare to find a home that blends classic charm with everyday function. The past owners have preserved much of the home's original beauty, and there is no shortage of original hardwood flooring and detailed trim work. The sellers have made some key updates including the large windows throughout the home which bring in an abundance of lighting. With its lovely interior, private yard, and convenient Owosso location, this home is a great opportunity for anyone looking for well rounded value.

2. 2026-05-06
   status Pending 1812-char remark

   Show marketing remark (1806 chars)

   This historic home in the heart of Owosso is ready for new owners! YES, a home filled with character, warmth, and timeless detail. From the moment you step inside, the rich wood trim, grand staircase, tall ceilings, and charming original features set the tone. All reasons that the sellers fell in love with the home, and sure to be the reasons you will too. After stepping through the front entry way, you'll find an inviting layout with a spacious foyer, comfortable living area, formal dining room, and a bright kitchen with abundant cabinetry and generous counter space. The first floor also hosts a bedroom, full bath and laundry room. With additional hidden storage in the laundry and built in cabinets, it would be hard to overfill! Additionally, just adjacent to the kitchen is a mudroom for the rear entry way. Upstairs, the home's cozy feel continues! A landing and hallway with storage and natural light sprouts off to the bedrooms and full bath. Both rooms have beautiful wood floors, and ample closet space and floor space for large bed frames or bedroom sets. You will also find that the partially finished basement is largely usable and allows for storage and potentially a small recreation room. Outside, enjoy a covered front porch, fenced backyard, patio area, and oversized one car garage. It is rare to find a home that blends classic charm with everyday function. The past owners have preserved much of the home's original beauty, and there is no shortage of original hardwood flooring and detailed trim work. The sellers have made some key updates including the large windows throughout the home which bring in an abundance of lighting. With its lovely interior, private yard, and convenient Owosso location, this home is a great opportunity for anyone looking for well rounded value.

3. 2026-04-30
   listed $170,000 Active 1806-char remark

   Show marketing remark (1806 chars)

   This historic home in the heart of Owosso is ready for new owners! YES, a home filled with character, warmth, and timeless detail. From the moment you step inside, the rich wood trim, grand staircase, tall ceilings, and charming original features set the tone. All reasons that the sellers fell in love with the home, and sure to be the reasons you will too. After stepping through the front entry way, you'll find an inviting layout with a spacious foyer, comfortable living area, formal dining room, and a bright kitchen with abundant cabinetry and generous counter space. The first floor also hosts a bedroom, full bath and laundry room. With additional hidden storage in the laundry and built in cabinets, it would be hard to overfill! Additionally, just adjacent to the kitchen is a mudroom for the rear entry way. Upstairs, the home's cozy feel continues! A landing and hallway with storage and natural light sprouts off to the bedrooms and full bath. Both rooms have beautiful wood floors, and ample closet space and floor space for large bed frames or bedroom sets. You will also find that the partially finished basement is largely usable and allows for storage and potentially a small recreation room. Outside, enjoy a covered front porch, fenced backyard, patio area, and oversized one car garage. It is rare to find a home that blends classic charm with everyday function. The past owners have preserved much of the home's original beauty, and there is no shortage of original hardwood flooring and detailed trim work. The sellers have made some key updates including the large windows throughout the home which bring in an abundance of lighting. With its lovely interior, private yard, and convenient Owosso location, this home is a great opportunity for anyone looking for well rounded value.

4. 2026-04-30
   listed $170,000 Active 1812-char remark

   Show marketing remark (1806 chars)

   This historic home in the heart of Owosso is ready for new owners! YES, a home filled with character, warmth, and timeless detail. From the moment you step inside, the rich wood trim, grand staircase, tall ceilings, and charming original features set the tone. All reasons that the sellers fell in love with the home, and sure to be the reasons you will too. After stepping through the front entry way, you'll find an inviting layout with a spacious foyer, comfortable living area, formal dining room, and a bright kitchen with abundant cabinetry and generous counter space. The first floor also hosts a bedroom, full bath and laundry room. With additional hidden storage in the laundry and built in cabinets, it would be hard to overfill! Additionally, just adjacent to the kitchen is a mudroom for the rear entry way. Upstairs, the home's cozy feel continues! A landing and hallway with storage and natural light sprouts off to the bedrooms and full bath. Both rooms have beautiful wood floors, and ample closet space and floor space for large bed frames or bedroom sets. You will also find that the partially finished basement is largely usable and allows for storage and potentially a small recreation room. Outside, enjoy a covered front porch, fenced backyard, patio area, and oversized one car garage. It is rare to find a home that blends classic charm with everyday function. The past owners have preserved much of the home's original beauty, and there is no shortage of original hardwood flooring and detailed trim work. The sellers have made some key updates including the large windows throughout the home which bring in an abundance of lighting. With its lovely interior, private yard, and convenient Owosso location, this home is a great opportunity for anyone looking for well rounded value.

5. 2023-01-13
   soldstatus $142,000
6. 2023-01-09
   historical

   Show marketing remark (1031 chars)

   HERE IS YOUR PERFECT HISTORIC BEAUTY! Step into a luxurious lifestyle that offers an original vintage design! The spacious living room is delightful with a lovely fireplace surrounded by antique pristine tile! Since the kitchen is the heart of this home, the remodeled kitchen with make your Gourmet Chef smile! All appliances stay for the new owners! Family gatherings will be enjoyable in the sunlit dining room! You will be pleased with 3 large bedrooms and 2 full baths. The primary bedroom and main bath are conveniently located on the entry level! Every season is a pleasure as you relax on the front porch and, as winter settles in, you will love relaxing in the year-round hot tub! This location is superb since you will be within walking distance to downtown Owosso, the largest city in Shiawassee County offering exceptional dining, shopping, and recreational activities! Everything your lifestyle desires is right here waiting for you. The current owner loves this home but a job promotion requires a home move.

7. 2023-01-06
   soldstatus $142,000 Sold

   Show marketing remark (1031 chars)

   HERE IS YOUR PERFECT HISTORIC BEAUTY! Step into a luxurious lifestyle that offers an original vintage design! The spacious living room is delightful with a lovely fireplace surrounded by antique pristine tile! Since the kitchen is the heart of this home, the remodeled kitchen with make your Gourmet Chef smile! All appliances stay for the new owners! Family gatherings will be enjoyable in the sunlit dining room! You will be pleased with 3 large bedrooms and 2 full baths. The primary bedroom and main bath are conveniently located on the entry level! Every season is a pleasure as you relax on the front porch and, as winter settles in, you will love relaxing in the year-round hot tub! This location is superb since you will be within walking distance to downtown Owosso, the largest city in Shiawassee County offering exceptional dining, shopping, and recreational activities! Everything your lifestyle desires is right here waiting for you. The current owner loves this home but a job promotion requires a home move.

8. 2023-01-06
   soldstatus $142,000 Closed

   Show marketing remark (1031 chars)

   HERE IS YOUR PERFECT HISTORIC BEAUTY! Step into a luxurious lifestyle that offers an original vintage design! The spacious living room is delightful with a lovely fireplace surrounded by antique pristine tile! Since the kitchen is the heart of this home, the remodeled kitchen with make your Gourmet Chef smile! All appliances stay for the new owners! Family gatherings will be enjoyable in the sunlit dining room! You will be pleased with 3 large bedrooms and 2 full baths. The primary bedroom and main bath are conveniently located on the entry level! Every season is a pleasure as you relax on the front porch and, as winter settles in, you will love relaxing in the year-round hot tub! This location is superb since you will be within walking distance to downtown Owosso, the largest city in Shiawassee County offering exceptional dining, shopping, and recreational activities! Everything your lifestyle desires is right here waiting for you. The current owner loves this home but a job promotion requires a home move.

9. 2022-12-06
   status Pending

   Show marketing remark (1031 chars)

   HERE IS YOUR PERFECT HISTORIC BEAUTY! Step into a luxurious lifestyle that offers an original vintage design! The spacious living room is delightful with a lovely fireplace surrounded by antique pristine tile! Since the kitchen is the heart of this home, the remodeled kitchen with make your Gourmet Chef smile! All appliances stay for the new owners! Family gatherings will be enjoyable in the sunlit dining room! You will be pleased with 3 large bedrooms and 2 full baths. The primary bedroom and main bath are conveniently located on the entry level! Every season is a pleasure as you relax on the front porch and, as winter settles in, you will love relaxing in the year-round hot tub! This location is superb since you will be within walking distance to downtown Owosso, the largest city in Shiawassee County offering exceptional dining, shopping, and recreational activities! Everything your lifestyle desires is right here waiting for you. The current owner loves this home but a job promotion requires a home move.

10. 2022-12-06
    status Pending

    Show marketing remark (1031 chars)

    HERE IS YOUR PERFECT HISTORIC BEAUTY! Step into a luxurious lifestyle that offers an original vintage design! The spacious living room is delightful with a lovely fireplace surrounded by antique pristine tile! Since the kitchen is the heart of this home, the remodeled kitchen with make your Gourmet Chef smile! All appliances stay for the new owners! Family gatherings will be enjoyable in the sunlit dining room! You will be pleased with 3 large bedrooms and 2 full baths. The primary bedroom and main bath are conveniently located on the entry level! Every season is a pleasure as you relax on the front porch and, as winter settles in, you will love relaxing in the year-round hot tub! This location is superb since you will be within walking distance to downtown Owosso, the largest city in Shiawassee County offering exceptional dining, shopping, and recreational activities! Everything your lifestyle desires is right here waiting for you. The current owner loves this home but a job promotion requires a home move.

11. 2022-11-19
    listed $142,000 Active

    Show marketing remark (1031 chars)

    HERE IS YOUR PERFECT HISTORIC BEAUTY! Step into a luxurious lifestyle that offers an original vintage design! The spacious living room is delightful with a lovely fireplace surrounded by antique pristine tile! Since the kitchen is the heart of this home, the remodeled kitchen with make your Gourmet Chef smile! All appliances stay for the new owners! Family gatherings will be enjoyable in the sunlit dining room! You will be pleased with 3 large bedrooms and 2 full baths. The primary bedroom and main bath are conveniently located on the entry level! Every season is a pleasure as you relax on the front porch and, as winter settles in, you will love relaxing in the year-round hot tub! This location is superb since you will be within walking distance to downtown Owosso, the largest city in Shiawassee County offering exceptional dining, shopping, and recreational activities! Everything your lifestyle desires is right here waiting for you. The current owner loves this home but a job promotion requires a home move.

12. 2022-11-19
    listed $142,000 Active

    Show marketing remark (1031 chars)

    HERE IS YOUR PERFECT HISTORIC BEAUTY! Step into a luxurious lifestyle that offers an original vintage design! The spacious living room is delightful with a lovely fireplace surrounded by antique pristine tile! Since the kitchen is the heart of this home, the remodeled kitchen with make your Gourmet Chef smile! All appliances stay for the new owners! Family gatherings will be enjoyable in the sunlit dining room! You will be pleased with 3 large bedrooms and 2 full baths. The primary bedroom and main bath are conveniently located on the entry level! Every season is a pleasure as you relax on the front porch and, as winter settles in, you will love relaxing in the year-round hot tub! This location is superb since you will be within walking distance to downtown Owosso, the largest city in Shiawassee County offering exceptional dining, shopping, and recreational activities! Everything your lifestyle desires is right here waiting for you. The current owner loves this home but a job promotion requires a home move.

13. 2021-10-07
    soldstatus $127,500
14. 2021-09-30
    soldstatus $127,500 Sold
15. 2021-09-30
    soldstatus $127,500 Closed
16. 2021-08-10
    status Pending
17. 2021-08-10
    status Pending
18. 2021-08-06
    status Active
19. 2021-08-06
    status Active
20. 2021-07-30
    historical Contingent - Continue To Show
21. 2021-07-30
    historical Keep Showing-Contgcy Appl
22. 2021-07-28
    listed $130,000 Active
23. 2021-07-28
    listed $130,000 Active
24. 2014-06-18
    soldstatus $75,000
25. 2014-06-16
    soldstatus $75,000
26. 2014-06-16
    soldstatus $75,000
27. 2013-11-13
    listed $79,900
28. 2013-11-13
    listed $79,900
29. 2013-11-02
    historical
30. 2013-11-02
    historical
31. 2013-05-01
    listed $83,900
32. 2013-05-01
    listed $83,900
33. 2013-04-29
    historical
34. 2013-04-29
    historical
35. 2013-04-29
    historical
36. 2013-04-01
    listed $88,500
37. 2013-04-01
    listed $88,500
38. 2013-04-01
    listed $88,500
39. 2013-03-21
    historical
40. 2013-03-21
    historical
41. 2013-03-21
    historical
42. 2012-01-18
    listed $89,900
43. 2012-01-18
    listed $89,900
44. 2012-01-18
    listed $89,900
45. 2009-12-25
    historical
46. 2009-11-02
    historical
47. 2009-06-30
    listed $119,900
48. 2009-06-30
    listed $119,900

ⓘ 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: $3,240 · $270/mo
• Projected year-2 tax: $3,240 · $270/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 ≥98°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,068
• − Mortgage interest: −$9,523
• − Property taxes: −$3,240
• − Insurance: −$850
• − Repairs & maintenance: −$1,365
• − Management: −$1,365
• − Depreciation: −$4,945
• Taxable loss: −$4,221
• Est. tax savings @ 24.0%: +$1,013
• After-tax cash flow: $-291/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: Owosso Public Schools
• NCES district ID: 2627210
• Math proficiency: 21% ▼ -6.00%
• Reading proficiency: 33% ▲ 1.00%
• Median HH income: $40,656
• Composite: 22.78/100
• National rank: #8025
• State rank: #401 of 540 in MI

Livability — Owosso

• Score: 76/100
• State rank: #147
• US rank: #3704

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Owosso, MI
• City population: 27,399
• Population (ZIP): 27,399

Population outlook (Shiawassee County) Hauer SSP2

• Today (2025): 64,238 people
• By 2030: 61,434 · -4.4%
• By 2040: 55,054 · -14.3%
• By 2050: 48,426 · -24.6%
• By 2075: 35,995 · -44.0%
• By 2100: 26,678 · -58.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Hispanic / Latino 4% Two or more races 3%
• Common ancestry: Romanian 6% Lithuanian 3% Iranian 3%
• Foreign-born: 1%
• Languages at home: 98% English-only · Spanish 1% Arabic 1%

Political lean MEDSL · Shiawassee

• 2024 margin: Strong R (+23.1) · D 37.7% · R 60.8% · Other 1.6%
• 2008→2024 swing: -31.7pp toward R · 2008: 8.6pp · 2024: -23.1pp
• All cycles: 2024: R+23.1 2020: R+19.9 2016: R+19.6 2012: D+3.7 2008: D+8.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -234.79%
• Current HPI: 190.5775
• 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

+51.8% since first listed

50 events — show timeline

• 2026-06-12 Sold (MLS) $182,000 MiRealSource-MiMLS
• 2026-06-12 Sold (MLS) $182,000 REALCOMP
• 2026-05-06 Pending — MiRealSource-MiMLS
• 2026-05-06 Pending — REALCOMP
• 2026-04-30 Listed $170,000 MiRealSource-MiMLS
• 2026-04-30 Listed $170,000 REALCOMP
• 2023-01-13 Sold (Public Records) $142,000 Public Records
• 2023-01-09 Listing Removed — REALCOMP
• 2023-01-06 Sold (MLS) $142,000 MiRealSource-MiMLS
• 2023-01-06 Sold (MLS) $142,000 REALCOMP
• 2022-12-06 Pending — REALCOMP
• 2022-12-06 Pending — MiRealSource-MiMLS
• 2022-11-19 Listed $142,000 MiRealSource-MiMLS
• 2022-11-19 Listed $142,000 REALCOMP
• 2021-10-07 Sold (Public Records) $127,500 Public Records
• 2021-09-30 Sold (MLS) $127,500 MiRealSource-MiMLS
• 2021-09-30 Sold (MLS) $127,500 REALCOMP
• 2021-08-10 Pending — REALCOMP
• 2021-08-10 Pending — MiRealSource-MiMLS
• 2021-08-06 Relisted — REALCOMP
• 2021-08-06 Relisted — MiRealSource-MiMLS
• 2021-07-30 Contingent — REALCOMP
• 2021-07-30 Contingent — MiRealSource-MiMLS
• 2021-07-28 Listed $130,000 MiRealSource-MiMLS
• 2021-07-28 Listed $130,000 REALCOMP
• 2014-06-18 Sold (Public Records) $75,000 Public Records
• 2014-06-16 Sold (MLS) $75,000 REALCOMP
• 2014-06-16 Sold (MLS) $75,000 MiRealSource-MiMLS
• 2013-11-13 Listed $79,900 REALCOMP
• 2013-11-13 Listed $79,900 MiRealSource-MiMLS
• 2013-11-02 Listing Removed — REALCOMP
• 2013-11-02 Listing Removed — MiRealSource-MiMLS
• 2013-05-01 Listed $83,900 REALCOMP
• 2013-05-01 Listed $83,900 MiRealSource-MiMLS
• 2013-04-29 Listing Removed — MiRealSource-MiMLS
• 2013-04-29 Listing Removed — REALCOMP
• 2013-04-29 Listing Removed — MiRealSource-MiMLS
• 2013-04-01 Listed $88,500 MiRealSource-MiMLS
• 2013-04-01 Listed $88,500 REALCOMP
• 2013-04-01 Listed $88,500 MiRealSource-MiMLS
• 2013-03-21 Listing Removed — MiRealSource-MiMLS
• 2013-03-21 Listing Removed — REALCOMP
• 2013-03-21 Listing Removed — MiRealSource-MiMLS
• 2012-01-18 Listed $89,900 MiRealSource-MiMLS
• 2012-01-18 Listed $89,900 REALCOMP
• 2012-01-18 Listed $89,900 MiRealSource-MiMLS
• 2009-12-25 Listing Removed — REALCOMP
• 2009-11-02 Listing Removed — REALCOMP
• 2009-06-30 Listed $119,900 REALCOMP
• 2009-06-30 Listed $119,900 REALCOMP

Property tax history

+7.0%/yr

Latest (2025): $3,240 · +4.0% YoY. Source: county tax records.