4335 S Wayside Dr · Saginaw, MI 48603

$225,000

4 bd · 1.5 ba · 2,154 sqft · SingleFamily public records · 15 Days on market

Built 1965 10,454 sqft lot $104/sqft · 10% above area Est $233k · at est.

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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 +12.5/30.0
• ARV discount +9.0/15.0
• Rent growth +4.4/5.0
• DSCR +3.7/10.0
• Livability +3.2/5.0
• Schools +3.1/10.0
• 1% rule +2.7/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Discover this spacious 4-bedroom, 2-bathroom traditional home nestled in the quiet Ferndale Park subdivision. Built in 1965, this residence offers nearly 2,000 square feet of living space on a generous 0.24-acre lot. The interior features a functional layout characteristic of its mid-century roots, providing ample room for family living and entertaining. Four well-sized bedrooms on the second floor and a secluded office or entertainment room on the first floor.

Key facts

• Quiet subdivision
• Secluded office
• Entertainment room

Tags

• QUIET SUBDIVISION
• FUNCTIONAL LAYOUT
• SECLUDED OFFICE
• ENTERTAINMENT ROOM

Property features AI

Finance

• HOA & community: Homeowners association present

Exterior

• Parking: Attached 2-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; Two levels
• Construction: Brick and vinyl siding exterior; Finished area above grade approximately 1,954; Finished area below grade approximately 500
• Exterior features: Lot in Ferndale Park subdivision; Lot dimensions approx. 10,454 sq ft (0.24 acres)

Interior

• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating (natural gas); No central cooling
• Interior features: Basement

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $225k.

Deal economics

• At list price, monthly cash flow is $-34 ($-405/yr) — negative.
• To cash-flow at today's rent, offer at most $219k (2.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $174k (22.8% below list).
• Recommended offer: $174k (22.8% below list) — sets the bar for 1% rule.
• Cap rate 6.1% vs local median 8.2% in Saginaw — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

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 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; 154 units permitted in Saginaw County in 2024 (0 in 5+ unit buildings).
• This rent runs 31% of the median local income ($66k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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 15 days — a 2% lower offer ($222k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 15y ago; this cycle's ask has dropped $20k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $173,602 (22.8% 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 1965 — 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 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. 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: 0.77% ✗
• Cap rate: 6.11%
• Cash-on-cash: -0.64%
• DSCR: 0.97
• GRM: 10.8

CMA / ARV

• ARV (median comp): $233,010
• List price: $225,000
• Delta: -3.44%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
4396 Bradford Dr	0.07mi	4/3.0	2,130 (-1%)	6mo	$265,000	$124	84
2688 Linda St	0.16mi	3/1.5 (-1)	2,124 (-1%)	7mo	$210,000	$99	79
4301 Bradford Dr	0.07mi	4/2.0	2,386 (+11%)	2mo	$278,000	$117	75
4335 S Wayside Dr	0.00mi	4/2.0	2,454 (+14%)	1mo	$215,000	$88	74
2652 Duane Dr St	0.29mi	3/1.5 (-1)	2,341 (+9%)	4mo	$169,900	$73	64
3152 Setting Sun Blvd	0.35mi	4/2.5	2,306 (+7%)	5mo	$354,000	$154	63
2795 Bradford Dr	0.28mi	3/1.5 (-1)	2,434 (+13%)	0mo	$216,500	$89	60
2312 Passolt St	0.71mi	3/2.0 (-1)	2,098 (-3%)	5mo	$188,900	$90	51
4291 Ann St	0.62mi	3/1.5 (-1)	1,836 (-15%)	1mo	$140,000	$76	40
4057 Morning Dawn Dr	0.38mi	3/3.0 (-1)	2,468 (+15%)	9mo	$287,000	$116	40
2711 Willard St	0.73mi	3/2.0 (-1)	1,935 (-10%)	7mo	$173,000	$89	36
4541 Still Meadow Dr	0.74mi	3/4.0 (-1)	2,284 (+6%)	8mo	$340,000	$149	34

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: -12.7%
• Equity multiple: 0.52×
• Total profit: $-30,056
• Equity at exit: $33,548

10-year hold

• IRR: 1.8%
• Equity multiple: 1.16×
• Total profit: $9,777
• Equity at exit: $19,454

Cash invested: $63,000 (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: 10.8×

Monthly cashflow live

• Estimated rent: $1,736 medium
• Mortgage (P&I): −$1,180
• Tax from tax record: −$132 /mo · $1,578/yr
• Insurance: −$94
• HOA: −$0
• Vacancy / Maint / Mgmt: −$365
• Net cashflow: $-34

Break-even live

Break-even rent $1,779

Max offer price $219,041

Occupancy floor 97%

Sensitivity live

Price	-10% $94	-5% $30	+0% $-34	+5% $-97	+10% $-161
Rent	-10% $-171	-5% $-102	+0% $-34	+5% $35	+10% $103
Rate	-1.0pp $80	-0.5pp $23	base $-34	+0.5pp $-92	+1.0pp $-151

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: $56,250
• Closing costs: $6,750
• Reserves months: —
• Total cash needed: —

Listing history 15 events

1. 2026-05-12
   status Pending 465-char remark

   Show marketing remark (465 chars)

   Discover this spacious 4-bedroom, 2-bathroom traditional home nestled in the quiet Ferndale Park subdivision. Built in 1965, this residence offers nearly 2,000 square feet of living space on a generous 0.24-acre lot. The interior features a functional layout characteristic of its mid-century roots, providing ample room for family living and entertaining. Four well-sized bedrooms on the second floor and a secluded office or entertainment room on the first floor.

2. 2026-05-12
   status Pending 465-char remark

   Show marketing remark (465 chars)

   Discover this spacious 4-bedroom, 2-bathroom traditional home nestled in the quiet Ferndale Park subdivision. Built in 1965, this residence offers nearly 2,000 square feet of living space on a generous 0.24-acre lot. The interior features a functional layout characteristic of its mid-century roots, providing ample room for family living and entertaining. Four well-sized bedrooms on the second floor and a secluded office or entertainment room on the first floor.

3. 2026-05-07
   status Active 465-char remark
4. 2026-05-06
   status Active 465-char remark

   Show marketing remark (465 chars)

   Discover this spacious 4-bedroom, 2-bathroom traditional home nestled in the quiet Ferndale Park subdivision. Built in 1965, this residence offers nearly 2,000 square feet of living space on a generous 0.24-acre lot. The interior features a functional layout characteristic of its mid-century roots, providing ample room for family living and entertaining. Four well-sized bedrooms on the second floor and a secluded office or entertainment room on the first floor.

5. 2026-05-03
   status Pending 465-char remark

   Show marketing remark (465 chars)

   Discover this spacious 4-bedroom, 2-bathroom traditional home nestled in the quiet Ferndale Park subdivision. Built in 1965, this residence offers nearly 2,000 square feet of living space on a generous 0.24-acre lot. The interior features a functional layout characteristic of its mid-century roots, providing ample room for family living and entertaining. Four well-sized bedrooms on the second floor and a secluded office or entertainment room on the first floor.

6. 2026-05-03
   status Pending 465-char remark

   Show marketing remark (465 chars)

   Discover this spacious 4-bedroom, 2-bathroom traditional home nestled in the quiet Ferndale Park subdivision. Built in 1965, this residence offers nearly 2,000 square feet of living space on a generous 0.24-acre lot. The interior features a functional layout characteristic of its mid-century roots, providing ample room for family living and entertaining. Four well-sized bedrooms on the second floor and a secluded office or entertainment room on the first floor.

7. 2026-05-02
   price $225,000 465-char remark

   Show marketing remark (465 chars)

   Discover this spacious 4-bedroom, 2-bathroom traditional home nestled in the quiet Ferndale Park subdivision. Built in 1965, this residence offers nearly 2,000 square feet of living space on a generous 0.24-acre lot. The interior features a functional layout characteristic of its mid-century roots, providing ample room for family living and entertaining. Four well-sized bedrooms on the second floor and a secluded office or entertainment room on the first floor.

8. 2026-05-01
   price $225,000 465-char remark
9. 2026-04-24
   listed $245,000 Active 465-char remark

   Show marketing remark (465 chars)

   Discover this spacious 4-bedroom, 2-bathroom traditional home nestled in the quiet Ferndale Park subdivision. Built in 1965, this residence offers nearly 2,000 square feet of living space on a generous 0.24-acre lot. The interior features a functional layout characteristic of its mid-century roots, providing ample room for family living and entertaining. Four well-sized bedrooms on the second floor and a secluded office or entertainment room on the first floor.

10. 2026-04-24
    listed $245,000 Active 465-char remark

    Show marketing remark (465 chars)

    Discover this spacious 4-bedroom, 2-bathroom traditional home nestled in the quiet Ferndale Park subdivision. Built in 1965, this residence offers nearly 2,000 square feet of living space on a generous 0.24-acre lot. The interior features a functional layout characteristic of its mid-century roots, providing ample room for family living and entertaining. Four well-sized bedrooms on the second floor and a secluded office or entertainment room on the first floor.

11. 2011-09-29
    soldstatus $60,000

    Show marketing remark (278 chars)

    Large 2 story with full partially finished basement and 4 bedrooms. In-ground pool with fenced yard. Covered front porch. Coved ceilings in Livingroom for added character. Home has ton of potential. Some work needed. This one won't last long. Call now for your personal showing.

12. 2011-09-29
    soldstatus $60,000

    Show marketing remark (278 chars)

    Large 2 story with full partially finished basement and 4 bedrooms. In-ground pool with fenced yard. Covered front porch. Coved ceilings in Livingroom for added character. Home has ton of potential. Some work needed. This one won't last long. Call now for your personal showing.

13. 2011-09-21
    historical
14. 2011-08-24
    listed $63,000

    Show marketing remark (278 chars)

    Large 2 story with full partially finished basement and 4 bedrooms. In-ground pool with fenced yard. Covered front porch. Coved ceilings in Livingroom for added character. Home has ton of potential. Some work needed. This one won't last long. Call now for your personal showing.

15. 2011-08-24
    listed $63,000

    Show marketing remark (278 chars)

    Large 2 story with full partially finished basement and 4 bedrooms. In-ground pool with fenced yard. Covered front porch. Coved ceilings in Livingroom for added character. Home has ton of potential. Some work needed. This one won't last long. Call now for your personal showing.

ⓘ 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: $1,578 · $132/mo
• Projected year-2 tax: $2,522 · $210/mo
• Expected delta: +$943/yr (+$79/mo · 59.8%)

ⓘ 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: $20,832
• − Mortgage interest: −$12,603
• − Property taxes: −$1,578
• − Insurance: −$1,125
• − Repairs & maintenance: −$1,667
• − Management: −$1,667
• − Depreciation: −$6,545
• Taxable loss: −$4,353
• Est. tax savings @ 24.0%: +$1,045
• After-tax cash flow: $640/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 — 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

• County: Saginaw County · 54,884 people
• City population: 54,884
• 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

+241.3% since first listed

18 events — show timeline

• 2026-06-01 Sold (Public Records) $215,000 Public Records
• 2026-05-22 Sold (MLS) $215,000 MiRealSource-MiMLS
• 2026-05-22 Sold (MLS) $215,000 REALCOMP
• 2026-05-12 Pending — REALCOMP
• 2026-05-12 Pending — MiRealSource-MiMLS
• 2026-05-07 Relisted — REALCOMP
• 2026-05-06 Relisted — MiRealSource-MiMLS
• 2026-05-03 Pending — REALCOMP
• 2026-05-03 Pending — MiRealSource-MiMLS
• 2026-05-02 Price Changed $225,000 MiRealSource-MiMLS
• 2026-05-01 Price Changed $225,000 REALCOMP
• 2026-04-24 Listed $245,000 MiRealSource-MiMLS
• 2026-04-24 Listed $245,000 REALCOMP
• 2011-09-29 Sold (MLS) $60,000 MiRealSource-MiMLS
• 2011-09-29 Sold (MLS) $60,000 REALCOMP
• 2011-09-21 Listing Removed — MiRealSource-MiMLS
• 2011-08-24 Listed $63,000 MiRealSource-MiMLS
• 2011-08-24 Listed $63,000 REALCOMP

Property tax history

-1.7%/yr

Latest (2025): $1,578 · -46.1% YoY. Source: county tax records.