2 Congress Court D · Saginaw, MI 48602

$99,000

3 bd · 1.5 ba · 1,218 sqft · SingleFamily public records · 324 Days on market

Built 1949 6,970 sqft lot Est $86k · 14% over

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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 +21.1/30.0
• 1% rule +6.7/10.0
• DSCR +6.7/10.0
• Rent growth +3.5/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• ARV discount +1.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Landlords/Investors, enjoy the guaranteed rental payments with this rental property. This 3-bedroom property has undergone many recent updates. Tenant $850 directly to the owner. Do Not Disturb tenants! Serious buyers only!

Key facts

• 6,970 sq ft lot
• Garage
• Built 1949

Property features AI

Exterior

• Parking: Detached 1-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One-story entry at ground level with steps
• Construction: Aluminum siding; Block foundation
• Exterior features: Paved road access; Lot roughly 65 x 111 (0.16 acre)

Interior

• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating (natural gas); No central cooling
• Interior features: Unfinished basement; Total of 5 rooms

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $99k.

Deal economics

• At list price, monthly cash flow is $142 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $99k).
• Recommended offer: $87k (12.0% below list) — sets the bar for market timing.

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 $684 of loan paydown is wiped out by about $3k 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 324 days — a 12% lower offer ($87k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 22y 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: property tax is 2.6% of price; built in 1949 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $87,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 324 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1949 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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?
8. 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?
9. 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.
10. 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.
11. 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: 1.17% ✓
• Cap rate: 8.02%
• Cash-on-cash: 6.15%
• DSCR: 1.27
• GRM: 7.1

CMA / ARV

• ARV (on-the-fly): $86,478
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2844 Schemm St	0.08mi	3/1.0	1,336 (+10%)	3mo	$40,000	$30	76
251 Trier St	0.54mi	3/1.5	1,262 (+4%)	2mo	$147,000	$116	68
144 Lockwood St	0.46mi	2/1.0 (-1)	1,164 (-4%)	4mo	$94,000	$81	61
1016 Thurman St	0.74mi	3/1.0	1,230 (+1%)	3mo	$69,900	$57	60
3458 Mackinaw St	0.64mi	3/1.0	1,275 (+5%)	3mo	$119,900	$94	58
2408 State St	0.43mi	3/1.0	1,362 (+12%)	1mo	$40,000	$29	58
250 Goetz St	0.52mi	3/1.0	1,120 (-8%)	4mo	$79,900	$71	57
3030 Brockton Pl	0.54mi	3/1.0	1,123 (-8%)	4mo	$137,000	$122	56
1610 Cleveland St	0.64mi	3/1.0	1,279 (+5%)	4mo	$45,000	$35	56
2208 W Genesee St	0.50mi	3/2.0	1,102 (-10%)	5mo	$75,000	$68	55
2512 WITTERS St	0.73mi	3/1.0	1,095 (-10%)	3mo	$109,900	$100	45
1920 W Genesee St	0.65mi	4/2.0 (+1)	1,391 (+14%)	3mo	$53,500	$38	36

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: -5.5%
• Equity multiple: 0.79×
• Total profit: $-5,763
• Equity at exit: $14,761

10-year hold

• IRR: 5.5%
• Equity multiple: 1.42×
• Total profit: $11,774
• Equity at exit: $8,560

Cash invested: $27,720 (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: 7.1×

Monthly cashflow live

• Estimated rent: $1,161 medium
• Mortgage (P&I): −$519
• Tax from tax record: −$215 /mo · $2,581/yr
• Insurance: −$41
• HOA: −$0
• Vacancy / Maint / Mgmt: −$244
• Net cashflow: $142

Break-even live

Break-even rent $982

Max offer price $99,000

Occupancy floor 83%

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: $24,750
• Closing costs: $2,970
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4156 Ann St Saginaw, MI	4.0	1.5	1387	$1,225	$0.88	44d	1	1.08mi

Listing history 39 events

1. 2026-06-19
   days on market $99,000 Active 324 DOM
2. 2026-06-18
   days on market $99,000 Active 323 DOM
3. 2026-06-17
   days on market $99,000 Active 322 DOM
4. 2026-06-16
   days on market $99,000 Active 321 DOM
5. 2026-06-15
   days on market $99,000 Active 320 DOM
6. 2026-06-14
   days on market $99,000 Active 318 DOM
7. 2026-06-12
   days on market $99,000 Active 317 DOM
8. 2026-06-09
   days on market $99,000 Active 314 DOM
9. 2026-06-08
   days on market $99,000 Active 313 DOM
10. 2026-06-07
    days on market $99,000 Active 312 DOM
11. 2026-06-05
    days on market $99,000 Active 309 DOM
12. 2026-06-03
    days on market $99,000 Active 308 DOM
13. 2026-06-02
    days on market $99,000 Active 307 DOM
14. 2026-06-01
    days on market $99,000 Active 306 DOM
15. 2026-05-31
    days on market $99,000 Active 305 DOM
16. 2026-05-30
    days on market $99,000 Active 304 DOM
17. 2025-07-30
    listed $99,000 Active

    Show marketing remark (223 chars)

    Landlords/Investors, enjoy the guaranteed rental payments with this rental property. This 3-bedroom property has undergone many recent updates. Tenant $850 directly to the owner. Do Not Disturb tenants! Serious buyers only!

18. 2025-07-30
    listed $99,000 Active 223-char remark

    Show marketing remark (223 chars)

    Landlords/Investors, enjoy the guaranteed rental payments with this rental property. This 3-bedroom property has undergone many recent updates. Tenant $850 directly to the owner. Do Not Disturb tenants! Serious buyers only!

19. 2023-10-11
    historical
20. 2023-10-11
    historical
21. 2023-08-01
    historical
22. 2023-08-01
    listed $59,900 Active
23. 2023-08-01
    listed $59,900 Active
24. 2023-08-01
    historical
25. 2023-06-22
    listed $59,900 Active
26. 2023-06-22
    listed $59,900 Active
27. 2021-07-23
    soldstatus $100,000
28. 2009-09-22
    soldstatus $30,500
29. 2009-09-22
    soldstatus $30,500
30. 2009-07-17
    historical
31. 2009-06-05
    listed $36,900
32. 2009-06-05
    listed $36,900
33. 2005-03-29
    soldstatus $97,700
34. 2005-03-15
    historical
35. 2005-03-11
    soldstatus $97,700
36. 2005-03-11
    soldstatus $97,700
37. 2004-07-15
    listed $93,900
38. 2004-07-15
    listed $93,900
39. 1999-08-30
    soldstatus $78,550

ⓘ 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: $2,581 · $215/mo
• Projected year-2 tax: $2,581 · $215/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 3/10 Moderate 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: $13,938
• − Mortgage interest: −$5,546
• − Property taxes: −$2,581
• − Insurance: −$495
• − Repairs & maintenance: −$1,115
• − Management: −$1,115
• − Depreciation: −$2,880
• Taxable income: $206
• Est. tax owed @ 24.0%: −$50
• After-tax cash flow: $1,655/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

+26.0% since first listed

23 events — show timeline

• 2025-07-30 Listed $99,000 REALCOMP
• 2025-07-30 Listed $99,000 MiRealSource-MiMLS
• 2023-10-11 Listing Removed — MiRealSource-MiMLS
• 2023-10-11 Listing Removed — REALCOMP
• 2023-08-01 Listing Removed — MiRealSource-MiMLS
• 2023-08-01 Listed $59,900 MiRealSource-MiMLS
• 2023-08-01 Listed $59,900 REALCOMP
• 2023-08-01 Listing Removed — REALCOMP
• 2023-06-22 Listed $59,900 MiRealSource-MiMLS
• 2023-06-22 Listed $59,900 REALCOMP
• 2021-07-23 Sold (Public Records) $100,000 Public Records
• 2009-09-22 Sold (MLS) $30,500 REALCOMP
• 2009-09-22 Sold (MLS) $30,500 MiRealSource-MiMLS
• 2009-07-17 Listing Removed — MiRealSource-MiMLS
• 2009-06-05 Listed $36,900 REALCOMP
• 2009-06-05 Listed $36,900 MiRealSource-MiMLS
• 2005-03-29 Sold (Public Records) $97,700 Public Records
• 2005-03-15 Listing Removed — MiRealSource-MiMLS
• 2005-03-11 Sold (MLS) $97,700 REALCOMP
• 2005-03-11 Sold (MLS) $97,700 MiRealSource-MiMLS
• 2004-07-15 Listed $93,900 REALCOMP
• 2004-07-15 Listed $93,900 MiRealSource-MiMLS
• 1999-08-30 Sold (Public Records) $78,550 Public Records

Property tax history

+2.2%/yr

Latest (2025): $2,581 · -16.3% YoY. Source: county tax records.