611 S 4th Ave · Saginaw, MI 48607

$38,500

6 bd · 2.0 ba · 1,698 sqft · SingleFamily public records · 24 Days on market

Built 1904 5,227 sqft 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
• Appreciation +5.9/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0

Listing remarks MLS

Discover a piece of Saginaw's rich heritage at 611 S 4th Ave, a distinguished single-family residence constructed in 1904. Spanning 6 bedrooms, this historic property is prime and ready for its final interior transformation. The heavy lifting has already been done: the home features an entirely rewired electrical system, two brand-new structural foundation walls, and a complete new roof. The basement also features an egress window, providing the perfect opportunity to add a legal 6th bedroom or additional living space. If you are looking for a solid property where you can finish the interior to your exact specifications and capture immediate equity, this is it. Agent Disclosure: Listing agent is a licensed real estate salesperson in the State of Michigan and holds a personal ownership interest in the subject property.

Key facts

• Egress window
• New roof
• 5,227 sq ft lot

Tags

• REWIRED ELECTRICAL SYSTEM
• NEW ROOF
• EGRESS WINDOW

Property features AI

Exterior

• Parking: No garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Two levels; Ground-level entry with steps
• Construction: Block foundation; Block and vinyl siding construction
• Exterior features: Paved road access; Lot approximately 0.12 acres (43.83 x 120)

Interior

• Bathrooms: Two full bathrooms
• Heating & cooling: Forced air heating; Natural gas heating; No central cooling
• Interior features: Unfinished basement; Six total rooms

What this means for you Summary

Snapshot

• This is a 6-bed/2.0-bath single-family listed at $38k.

Deal economics

• At list price, monthly cash flow is $741 ($9k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $38k).
• Recommended offer: $38k (1.5% below list) — sets the bar for market timing.
• Cap rate 29.4% vs local median 8.3% 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: 5 active listings in the ZIP; 154 units permitted in Saginaw County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $931 of equity ($266 loan paydown + $665 appreciation (1.7% local appreciation)).
• Saginaw County population projected at -25% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (1.7% appreciation + 3.0% rent growth), your $11k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 24 days — a 2% lower offer ($38k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 3y 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 $10k; list at $38k implies a 285% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: property tax is 2.7% of price; built in 1904 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $37,922 (1.5% below list)

Questions for the listing agent

1. Built in 1904 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 3.43% ✓
• Cap rate: 29.39%
• Cash-on-cash: 82.48%
• DSCR: 4.67
• GRM: 2.4

CMA / ARV

No comps found within radius.

Projected returns pro-forma

1.73% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 86.0%
• Equity multiple: 5.58×
• Total profit: $49,339
• Equity at exit: $14,619

10-year hold

• IRR: 86.4%
• Equity multiple: 11.47×
• Total profit: $112,892
• Equity at exit: $20,625

Cash invested: $10,780 (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 48607

• Home prices YoY: 1.0%
• Active inventory: 5
• Price-to-rent: 2.4×

Monthly cashflow live

• Estimated rent: $1,322 medium
• Mortgage (P&I): −$202
• Tax from tax record: −$86 /mo · $1,027/yr
• Insurance: −$16
• HOA: −$0
• Vacancy / Maint / Mgmt: −$278
• Net cashflow: $741

Break-even live

Break-even rent $384

Max offer price $38,500

Occupancy floor 39%

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: $9,625
• Closing costs: $1,155
• Reserves months: —
• Total cash needed: —

Listing history 40 events

1. 2026-06-19
   days on market $38,500 Active 24 DOM
2. 2026-06-18
   days on market $38,500 Active 23 DOM
3. 2026-06-17
   days on market $38,500 Active 22 DOM
4. 2026-06-16
   days on market $38,500 Active 21 DOM
5. 2026-06-15
   days on market $38,500 Active 20 DOM
6. 2026-06-14
   days on market $38,500 Active 18 DOM
7. 2026-06-12
   days on market $38,500 Active 17 DOM
8. 2026-06-09
   days on market $38,500 Active 14 DOM
9. 2026-06-08
   days on market $38,500 Active 13 DOM
10. 2026-06-07
    days on market $38,500 Active 12 DOM
11. 2026-06-05
    days on market $38,500 Active 9 DOM
12. 2026-06-03
    days on market $38,500 Active 8 DOM
13. 2026-06-02
    days on market $38,500 Active 7 DOM
14. 2026-06-01
    days on market $38,500 Active 6 DOM
15. 2026-05-31
    days on market $38,500 Active 5 DOM
16. 2026-05-30
    days on market $38,500 Active 4 DOM
17. 2026-05-23
    listed $38,500 Active

    Show marketing remark (829 chars)

    Discover a piece of Saginaw's rich heritage at 611 S 4th Ave, a distinguished single-family residence constructed in 1904. Spanning 6 bedrooms, this historic property is prime and ready for its final interior transformation. The heavy lifting has already been done: the home features an entirely rewired electrical system, two brand-new structural foundation walls, and a complete new roof. The basement also features an egress window, providing the perfect opportunity to add a legal 6th bedroom or additional living space. If you are looking for a solid property where you can finish the interior to your exact specifications and capture immediate equity, this is it. Agent Disclosure: Listing agent is a licensed real estate salesperson in the State of Michigan and holds a personal ownership interest in the subject property.

18. 2026-05-23
    listed $38,500 Active 829-char remark

    Show marketing remark (829 chars)

    Discover a piece of Saginaw's rich heritage at 611 S 4th Ave, a distinguished single-family residence constructed in 1904. Spanning 6 bedrooms, this historic property is prime and ready for its final interior transformation. The heavy lifting has already been done: the home features an entirely rewired electrical system, two brand-new structural foundation walls, and a complete new roof. The basement also features an egress window, providing the perfect opportunity to add a legal 6th bedroom or additional living space. If you are looking for a solid property where you can finish the interior to your exact specifications and capture immediate equity, this is it. Agent Disclosure: Listing agent is a licensed real estate salesperson in the State of Michigan and holds a personal ownership interest in the subject property.

19. 2024-09-30
    soldstatus $10,000 Sold 487-char remark

    Show marketing remark (487 chars)

    Spacious 5-bedroom, 2-bath home awaiting your finishing touches. This property features brand-new windows and fully operational electrical systems. While the furnace is currently non-functional, the home is free of roof leaks, ensuring a dry and secure environment. The basement boasts a recently replaced foundation wall but needs some finishing, offering a solid foundation for future renovations. Bring your vision and transform this house into your dream home! Home being sold AS-IS.

20. 2024-09-30
    soldstatus $10,000 Closed

    Show marketing remark (487 chars)

    Spacious 5-bedroom, 2-bath home awaiting your finishing touches. This property features brand-new windows and fully operational electrical systems. While the furnace is currently non-functional, the home is free of roof leaks, ensuring a dry and secure environment. The basement boasts a recently replaced foundation wall but needs some finishing, offering a solid foundation for future renovations. Bring your vision and transform this house into your dream home! Home being sold AS-IS.

21. 2024-09-19
    status Pending 487-char remark

    Show marketing remark (487 chars)

    Spacious 5-bedroom, 2-bath home awaiting your finishing touches. This property features brand-new windows and fully operational electrical systems. While the furnace is currently non-functional, the home is free of roof leaks, ensuring a dry and secure environment. The basement boasts a recently replaced foundation wall but needs some finishing, offering a solid foundation for future renovations. Bring your vision and transform this house into your dream home! Home being sold AS-IS.

22. 2024-09-19
    status Pending

    Show marketing remark (487 chars)

    Spacious 5-bedroom, 2-bath home awaiting your finishing touches. This property features brand-new windows and fully operational electrical systems. While the furnace is currently non-functional, the home is free of roof leaks, ensuring a dry and secure environment. The basement boasts a recently replaced foundation wall but needs some finishing, offering a solid foundation for future renovations. Bring your vision and transform this house into your dream home! Home being sold AS-IS.

23. 2024-08-20
    price $15,000

    Show marketing remark (487 chars)

    Spacious 5-bedroom, 2-bath home awaiting your finishing touches. This property features brand-new windows and fully operational electrical systems. While the furnace is currently non-functional, the home is free of roof leaks, ensuring a dry and secure environment. The basement boasts a recently replaced foundation wall but needs some finishing, offering a solid foundation for future renovations. Bring your vision and transform this house into your dream home! Home being sold AS-IS.

24. 2024-08-20
    price $15,000 487-char remark

    Show marketing remark (487 chars)

    Spacious 5-bedroom, 2-bath home awaiting your finishing touches. This property features brand-new windows and fully operational electrical systems. While the furnace is currently non-functional, the home is free of roof leaks, ensuring a dry and secure environment. The basement boasts a recently replaced foundation wall but needs some finishing, offering a solid foundation for future renovations. Bring your vision and transform this house into your dream home! Home being sold AS-IS.

25. 2024-07-26
    price $20,000

    Show marketing remark (487 chars)

    Spacious 5-bedroom, 2-bath home awaiting your finishing touches. This property features brand-new windows and fully operational electrical systems. While the furnace is currently non-functional, the home is free of roof leaks, ensuring a dry and secure environment. The basement boasts a recently replaced foundation wall but needs some finishing, offering a solid foundation for future renovations. Bring your vision and transform this house into your dream home! Home being sold AS-IS.

26. 2024-07-26
    price $20,000 487-char remark

    Show marketing remark (487 chars)

    Spacious 5-bedroom, 2-bath home awaiting your finishing touches. This property features brand-new windows and fully operational electrical systems. While the furnace is currently non-functional, the home is free of roof leaks, ensuring a dry and secure environment. The basement boasts a recently replaced foundation wall but needs some finishing, offering a solid foundation for future renovations. Bring your vision and transform this house into your dream home! Home being sold AS-IS.

27. 2024-06-19
    price $25,000

    Show marketing remark (487 chars)

    Spacious 5-bedroom, 2-bath home awaiting your finishing touches. This property features brand-new windows and fully operational electrical systems. While the furnace is currently non-functional, the home is free of roof leaks, ensuring a dry and secure environment. The basement boasts a recently replaced foundation wall but needs some finishing, offering a solid foundation for future renovations. Bring your vision and transform this house into your dream home! Home being sold AS-IS.

28. 2024-06-19
    price $25,000 487-char remark

    Show marketing remark (487 chars)

    Spacious 5-bedroom, 2-bath home awaiting your finishing touches. This property features brand-new windows and fully operational electrical systems. While the furnace is currently non-functional, the home is free of roof leaks, ensuring a dry and secure environment. The basement boasts a recently replaced foundation wall but needs some finishing, offering a solid foundation for future renovations. Bring your vision and transform this house into your dream home! Home being sold AS-IS.

29. 2024-05-23
    listed $30,000 Active 487-char remark

    Show marketing remark (487 chars)

    Spacious 5-bedroom, 2-bath home awaiting your finishing touches. This property features brand-new windows and fully operational electrical systems. While the furnace is currently non-functional, the home is free of roof leaks, ensuring a dry and secure environment. The basement boasts a recently replaced foundation wall but needs some finishing, offering a solid foundation for future renovations. Bring your vision and transform this house into your dream home! Home being sold AS-IS.

30. 2024-05-23
    listed $30,000 Active

    Show marketing remark (487 chars)

    Spacious 5-bedroom, 2-bath home awaiting your finishing touches. This property features brand-new windows and fully operational electrical systems. While the furnace is currently non-functional, the home is free of roof leaks, ensuring a dry and secure environment. The basement boasts a recently replaced foundation wall but needs some finishing, offering a solid foundation for future renovations. Bring your vision and transform this house into your dream home! Home being sold AS-IS.

31. 2023-12-28
    soldstatus $2,500 Sold
32. 2023-12-28
    soldstatus $2,500 Closed
33. 2023-12-25
    status Pending
34. 2023-12-25
    status Pending
35. 2023-12-20
    status Active
36. 2023-12-20
    status Active
37. 2023-12-14
    status Pending
38. 2023-12-14
    status Pending
39. 2023-12-13
    listed $2,500 Active
40. 2023-12-13
    listed $2,500 Active

ⓘ 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: $1,027 · $86/mo
• Projected year-2 tax: $1,027 · $86/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 ≥100°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: $15,864
• − Mortgage interest: −$2,157
• − Property taxes: −$1,027
• − Insurance: −$192
• − Repairs & maintenance: −$1,269
• − Management: −$1,269
• − Depreciation: −$1,120
• Taxable income: $8,830
• Est. tax owed @ 24.0%: −$2,119
• After-tax cash flow: $6,772/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
• City population: 54,884
• Population (ZIP): 1,523

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: Highly diverse neighborhood (Simpson 0.75)
• Race & ethnicity: Black 40% White 29% Two or more races 23% Hispanic / Latino 7% Asian 1%
• Hispanic origin (detail): Mexican 6%
• Common ancestry: Romanian 2% Lithuanian 2% Italian 1%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Spanish 2% Other Indo-European 1% Chinese 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: ▲ 1.73%
• Current HPI: 167.019
• 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

+1440.0% since first listed

24 events — show timeline

• 2026-05-23 Listed $38,500 MiRealSource-MiMLS
• 2026-05-23 Listed $38,500 REALCOMP
• 2024-09-30 Sold (MLS) $10,000 MiRealSource-MiMLS
• 2024-09-30 Sold (MLS) $10,000 REALCOMP
• 2024-09-19 Pending — REALCOMP
• 2024-09-19 Pending — MiRealSource-MiMLS
• 2024-08-20 Price Changed $15,000 MiRealSource-MiMLS
• 2024-08-20 Price Changed $15,000 REALCOMP
• 2024-07-26 Price Changed $20,000 MiRealSource-MiMLS
• 2024-07-26 Price Changed $20,000 REALCOMP
• 2024-06-19 Price Changed $25,000 MiRealSource-MiMLS
• 2024-06-19 Price Changed $25,000 REALCOMP
• 2024-05-23 Listed $30,000 MiRealSource-MiMLS
• 2024-05-23 Listed $30,000 REALCOMP
• 2023-12-28 Sold (MLS) $2,500 MiRealSource-MiMLS
• 2023-12-28 Sold (MLS) $2,500 REALCOMP
• 2023-12-25 Pending — REALCOMP
• 2023-12-25 Pending — MiRealSource-MiMLS
• 2023-12-20 Relisted — REALCOMP
• 2023-12-20 Relisted — MiRealSource-MiMLS
• 2023-12-14 Pending — REALCOMP
• 2023-12-14 Pending — MiRealSource-MiMLS
• 2023-12-13 Listed $2,500 MiRealSource-MiMLS
• 2023-12-13 Listed $2,500 REALCOMP

Property tax history

+4.0%/yr

Latest (2025): $1,027 · -26.7% YoY. Source: county tax records.