802 S Woodbridge St · Saginaw, MI 48602

$77,900

3 bd · 2.0 ba · 1,228 sqft · SingleFamily public records · 64 Days on market

Built 1884 5,280 sqft lot Est $97k · 20% 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 +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.6/10.0
• 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

MONTHLY RENT $1650, ANNUAL INCOME: $19800 ESTIMATED GROSS ROI:25% BOTH UNITS OCCUPIED STONG CASH FLOW PROPERTY LOCATED IN A DESIRABLE, HIGH DEMAND AREA PERFECT FOR INVESTORS LOOKING TO SCALE FAST AT THIS PRICE AND INCOME, DEALS LIKE HTSI DONT LAST! BUY AND HOLD INVESTORS OUT-OF-STATE INVESTORS

Key facts

• 5,280 sq ft lot
• Garage
• Built 1884

Property features AI

Exterior

• Parking: Detached 1-car garage
• Utilities: Public water; Public sewer (sewer available)
• Home design: Multi-family residential income property; One and one-half stories
• Construction: Pillar/post/pier foundation
• Exterior features: Lot dimensions 44 x 120

Interior

• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating; Natural gas heating; No central cooling
• Interior features: Separate utility meters

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $78k.

Deal economics

• At list price, monthly cash flow is $324 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $78k).
• Recommended offer: $73k (6.0% below list) — sets the bar for market timing.
• Cap rate 11.3% 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: Rents rising (+4.0%/yr); 250 active listings in the ZIP; 1 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 $539 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 $22k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 64 days — a 6% lower offer ($73k) is reasonable based on typical stale-listing flexibility.
• 11 sale attempts since 25y 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 $28k; list at $78k implies a 173% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1884 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $73,226 (6.0% below list)

Questions for the listing agent

1. It's been on market 64 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 1884 — 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: 1.36% ✓
• Cap rate: 11.29%
• Cash-on-cash: 17.84%
• DSCR: 1.79
• GRM: 6.1

CMA / ARV

• ARV (on-the-fly): $97,012
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
719 S Bond St	0.15mi	3/1.0	1,191 (-3%)	0mo	$52,500	$44	84
1016 Thurman St	0.52mi	3/1.0	1,230 (+0%)	3mo	$69,900	$57	69
251 Trier St	0.60mi	3/1.5	1,262 (+3%)	2mo	$147,000	$116	64
1415 Lyon St	0.12mi	2/1.0 (-1)	1,068 (-13%)	0mo	$74,900	$70	63
202 S Wheeler St	0.72mi	3/1.0	1,228 (0%)	2mo	$96,900	$79	61
310 S Bates St	0.28mi	3/1.0	1,069 (-13%)	2mo	$42,000	$39	60
1811 Allegan St	0.53mi	3/1.0	1,316 (+7%)	3mo	$70,000	$53	57
828 Malzahn St	0.61mi	3/1.0	1,138 (-7%)	3mo	$109,900	$97	53
144 Lockwood St	0.60mi	2/1.0 (-1)	1,164 (-5%)	4mo	$94,000	$81	51
278 Wylie St	0.45mi	3/1.5	1,411 (+15%)	4mo	$148,000	$105	49
250 Goetz St	0.63mi	3/1.0	1,120 (-9%)	4mo	$79,900	$71	49
1 Southlawn Ct	0.61mi	3/1.0	1,090 (-11%)	4mo	$116,900	$107	46

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: 10.4%
• Equity multiple: 1.42×
• Total profit: $9,087
• Equity at exit: $11,615

10-year hold

• IRR: 20.3%
• Equity multiple: 2.79×
• Total profit: $38,940
• Equity at exit: $6,735

Cash invested: $21,812 (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: 6.1×

Monthly cashflow live

• Estimated rent: $1,063 medium
• Mortgage (P&I): −$409
• Tax from tax record: −$74 /mo · $892/yr
• Insurance: −$32
• HOA: −$0
• Vacancy / Maint / Mgmt: −$223
• Net cashflow: $324

Break-even live

Break-even rent $652

Max offer price $77,900

Occupancy floor 64%

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: $19,475
• Closing costs: $2,337
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1827 Gilbert St Saginaw, MI	3.0	2.0	1008	$695	$0.69	43d	1	1.44mi

Listing history 38 events

1. 2026-06-19
   days on market $77,900 Active 64 DOM
2. 2026-06-18
   days on market $77,900 Active 63 DOM
3. 2026-06-17
   days on market $77,900 Active 62 DOM
4. 2026-06-16
   days on market $77,900 Active 61 DOM
5. 2026-06-15
   days on market $77,900 Active 60 DOM
6. 2026-06-14
   days on market $77,900 Active 58 DOM
7. 2026-06-12
   days on market $77,900 Active 57 DOM
8. 2026-06-09
   days on market $77,900 Active 54 DOM
9. 2026-06-08
   days on market $77,900 Active 53 DOM
10. 2026-06-07
    days on market $77,900 Active 52 DOM
11. 2026-06-05
    days on market $77,900 Active 49 DOM
12. 2026-06-03
    days on market $77,900 Active 48 DOM
13. 2026-06-02
    days on market $77,900 Active 47 DOM
14. 2026-06-01
    days on market $77,900 Active 46 DOM
15. 2026-05-31
    days on market $77,900 Active 45 DOM
16. 2026-05-30
    days on market $77,900 Active 44 DOM
17. 2026-04-16
    listed $79,900 Active

    Show marketing remark (294 chars)

    MONTHLY RENT $1650, ANNUAL INCOME: $19800 ESTIMATED GROSS ROI:25% BOTH UNITS OCCUPIED STONG CASH FLOW PROPERTY LOCATED IN A DESIRABLE, HIGH DEMAND AREA PERFECT FOR INVESTORS LOOKING TO SCALE FAST AT THIS PRICE AND INCOME, DEALS LIKE HTSI DONT LAST! BUY AND HOLD INVESTORS OUT-OF-STATE INVESTORS

18. 2026-04-16
    listed $79,900 Active 294-char remark

    Show marketing remark (294 chars)

    MONTHLY RENT $1650, ANNUAL INCOME: $19800 ESTIMATED GROSS ROI:25% BOTH UNITS OCCUPIED STONG CASH FLOW PROPERTY LOCATED IN A DESIRABLE, HIGH DEMAND AREA PERFECT FOR INVESTORS LOOKING TO SCALE FAST AT THIS PRICE AND INCOME, DEALS LIKE HTSI DONT LAST! BUY AND HOLD INVESTORS OUT-OF-STATE INVESTORS

19. 2018-05-18
    soldstatus $28,500 250-char remark

    Show marketing remark (250 chars)

    Great investment Opportunity! 802 S. Woodbridge is a low maintenance 2 unit. Both units are occupied and have a good rental history. Many updates, and you won't want to miss this rare find. Priced at $28,900. Call listing agent for more information.

20. 2018-05-18
    soldstatus $28,500 Closed

    Show marketing remark (250 chars)

    Great investment Opportunity! 802 S. Woodbridge is a low maintenance 2 unit. Both units are occupied and have a good rental history. Many updates, and you won't want to miss this rare find. Priced at $28,900. Call listing agent for more information.

21. 2018-05-09
    status Pending
22. 2018-05-06
    historical Keep Showing-Contgcy Appl
23. 2018-05-01
    listed $28,900 250-char remark

    Show marketing remark (250 chars)

    Great investment Opportunity! 802 S. Woodbridge is a low maintenance 2 unit. Both units are occupied and have a good rental history. Many updates, and you won't want to miss this rare find. Priced at $28,900. Call listing agent for more information.

24. 2018-05-01
    listed $28,900 Active

    Show marketing remark (250 chars)

    Great investment Opportunity! 802 S. Woodbridge is a low maintenance 2 unit. Both units are occupied and have a good rental history. Many updates, and you won't want to miss this rare find. Priced at $28,900. Call listing agent for more information.

25. 2011-09-09
    historical
26. 2011-09-09
    historical
27. 2011-09-09
    historical
28. 2011-03-10
    listed $27,900
29. 2011-03-09
    listed $27,900
30. 2011-03-09
    listed $27,900
31. 2010-11-27
    historical
32. 2010-11-27
    historical
33. 2010-11-27
    historical
34. 2010-06-01
    listed $30,000
35. 2010-05-27
    listed $30,000
36. 2010-05-27
    listed $30,000
37. 2001-05-16
    historical
38. 2001-05-16
    listed $29,900

ⓘ 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: $892 · $74/mo
• Projected year-2 tax: $1,046 · $87/mo
• Expected delta: +$154/yr (+$13/mo · 17.3%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 66% 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: $12,752
• − Mortgage interest: −$4,364
• − Property taxes: −$892
• − Insurance: −$390
• − Repairs & maintenance: −$1,020
• − Management: −$1,020
• − Depreciation: −$2,266
• Taxable income: $2,801
• Est. tax owed @ 24.0%: −$672
• After-tax cash flow: $3,219/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

+167.2% since first listed

22 events — show timeline

• 2026-04-16 Listed $79,900 REALCOMP
• 2026-04-16 Listed $79,900 MiRealSource-MiMLS
• 2018-05-18 Sold (MLS) $28,500 MiRealSource-MiMLS
• 2018-05-18 Sold (MLS) $28,500 REALCOMP
• 2018-05-09 Pending — MiRealSource-MiMLS
• 2018-05-06 Contingent — MiRealSource-MiMLS
• 2018-05-01 Listed $28,900 MiRealSource-MiMLS
• 2018-05-01 Listed $28,900 REALCOMP
• 2011-09-09 Listing Removed — MiRealSource-MiMLS
• 2011-09-09 Listing Removed — MiRealSource-MiMLS
• 2011-09-09 Listing Removed — MiRealSource-MiMLS
• 2011-03-10 Listed $27,900 MiRealSource-MiMLS
• 2011-03-09 Listed $27,900 MiRealSource-MiMLS
• 2011-03-09 Listed $27,900 MiRealSource-MiMLS
• 2010-11-27 Listing Removed — MiRealSource-MiMLS
• 2010-11-27 Listing Removed — MiRealSource-MiMLS
• 2010-11-27 Listing Removed — MiRealSource-MiMLS
• 2010-06-01 Listed $30,000 MiRealSource-MiMLS
• 2010-05-27 Listed $30,000 MiRealSource-MiMLS
• 2010-05-27 Listed $30,000 MiRealSource-MiMLS
• 2001-05-16 Listed $29,900 MiRealSource-MiMLS
• 2001-05-16 Listing Removed — MiRealSource-MiMLS

Property tax history

+0.5%/yr

Latest (2025): $892 · -16.3% YoY. Source: county tax records.