4402 Crissman St · Flint, MI 48505

$53,967

2 bd · 1.0 ba · 821 sqft · SingleFamily public records · 23 Days on market

Built 1915

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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 +6.3/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.1/10.0

Listing remarks

Beautiful fully remodeled home featuring 2 spacious bedrooms and 1 modern bathroom. This charming property offers a finished basement with extra living or storage space, an excellent patio perfect for entertaining, relaxing, or family gatherings, and a warm, move-in-ready atmosphere. The home has been updated with modern finishes while maintaining comfort and functionality. Ideal for first-time buyers, small families, or investors looking for a great opportunity. Conveniently located and ready for its new owners.

Key facts

• Excellent patio
• Finished basement
• Modern finishes

Tags

• REMODELED HOME
• FINISHED BASEMENT
• EXCELLENT PATIO
• MODERN FINISHES
• MOVE-IN-READY ATMOSPHERE

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $54k.

Deal economics

• At list price, monthly cash flow is $358 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($917 rent vs $54k).
• Recommended offer: $53k (1.5% below list) — sets the bar for market timing.
• Cap rate 14.3% vs local median 11.5% in Flint — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 74/100 on livability (#196 in MI, #4,946 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: schools F, crime F, employment F.
• Flint School District (urban): math 7% / reading 13% proficiency, ranked #714 of 760 in MI (top 94%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 83% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: 99 active listings in the ZIP; 2 comparable units currently listed for rent nearby; lower-income renter base — watch delinquency; 419 units permitted in Genesee County in 2024 (68 in 5+ unit buildings).
• This rent runs 33% of the median local income ($33k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• In year one you build about $2k of equity ($373 loan paydown + $1k appreciation (2.7% local appreciation)).
• Genesee County population projected at -27% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (2.7% appreciation + 3.0% rent growth), your $15k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 23 days — a 2% lower offer ($53k) is reasonable based on typical stale-listing flexibility.

Risks & watch-outs

• Watch-outs: built in 1915 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $53,157 (1.5% below list)

Questions for the listing agent

1. Built in 1915 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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?
5. 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.
6. 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.
7. 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: 1.70% ✓
• Cap rate: 14.25%
• Cash-on-cash: 28.42%
• DSCR: 2.26
• GRM: 4.9

CMA / ARV

• ARV (on-the-fly): $21,346
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
618 E Pulaski Ave	0.42mi	2/1.0	836 (+2%)	5mo	$24,000	$29	73
370 E Moore St	0.42mi	2/1.0	790 (-4%)	4mo	$9,900	$13	70
521 E Marengo Ave	0.42mi	2/1.0	779 (-5%)	8mo	$20,000	$26	65
634 Spencer St	0.66mi	3/1.0 (+1)	870 (+6%)	9mo	$10,000	$11	46
342 E Baltimore Blvd	0.48mi	2/1.0	940 (+14%)	14mo	$34,000	$36	42
154 E Stewart Ave	0.57mi	3/1.0 (+1)	904 (+10%)	15mo	$3,500	$4	39

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

2.67% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 33.8%
• Equity multiple: 2.88×
• Total profit: $28,379
• Equity at exit: $23,282

10-year hold

• IRR: 34.3%
• Equity multiple: 5.65×
• Total profit: $70,271
• Equity at exit: $35,133

Cash invested: $15,111 (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 48505

• Home prices YoY: 1.3%
• Active inventory: 99
• Price-to-rent: 4.9×

Monthly cashflow live

• Estimated rent: $917 medium
• Mortgage (P&I): −$283
• Tax from tax record: −$61 /mo · $732/yr
• Insurance: −$22
• HOA: −$0
• Vacancy / Maint / Mgmt: −$193
• Net cashflow: $358

Break-even live

Break-even rent $464

Max offer price $53,967

Occupancy floor 56%

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: $13,492
• Closing costs: $1,619
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
711 W Dewey St Flint, MI	3.0	1.0	1011	$925	$0.91	20d	1	1.35mi
246 E York Ave Flint, MI	2.0	1.0	800	$895	$1.12	13d	1	1.40mi

Listing history 17 events

1. 2026-06-18
   days on market $53,967 Active 23 DOM
2. 2026-06-17
   days on market $53,967 Active 22 DOM
3. 2026-06-16
   days on market $53,967 Active 21 DOM
4. 2026-06-15
   days on market $53,967 Active 20 DOM
5. 2026-06-14
   days on market $53,967 Active 18 DOM
6. 2026-06-13
   days on market $53,967 Active 17 DOM
7. 2026-06-10
   days on market $53,967 Active 15 DOM
8. 2026-06-09
   days on market $53,967 Active 14 DOM
9. 2026-06-08
   days on market $53,967 Active 13 DOM
10. 2026-06-07
    days on market $53,967 Active 12 DOM
11. 2026-06-05
    days on market $53,967 Active 9 DOM
12. 2026-06-03
    days on market $53,967 Active 8 DOM
13. 2026-06-02
    days on market $53,967 Active 7 DOM
14. 2026-06-01
    days on market $53,967 Active 6 DOM
15. 2026-05-31
    days on market $53,967 Active 5 DOM
16. 2026-05-30
    days on market $53,967 Active 4 DOM
17. 2026-05-27
    listed $53,967 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: $732 · $61/mo
• Projected year-2 tax: $782 · $65/mo
• Expected delta: +$49/yr (+$4/mo · 6.7%)

ⓘ 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 ≥96°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $11,004
• − Mortgage interest: −$3,023
• − Property taxes: −$732
• − Insurance: −$270
• − Repairs & maintenance: −$880
• − Management: −$880
• − Depreciation: −$1,570
• Taxable income: $3,648
• Est. tax owed @ 24.0%: −$875
• After-tax cash flow: $3,419/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: Flint School District
• NCES district ID: 2614520
• Math proficiency: 7% ▬ 0.00%
• Reading proficiency: 13% ▲ 3.00%
• Median HH income: $25,954
• Composite: 10.97/100
• National rank: #14642
• State rank: #714 of 760 in MI

Livability — Flint

• Score: 74/100
• State rank: #196
• US rank: #4946

Category grades

Amenities A- Commute A+ 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: Flint, MI
• County: Genesee County · 221,329 people
• City population: 93,814
• Metro: Flint, MI
• Population (ZIP): 18,032
• Household income: $33,283
• Rent vs Own: 51.7% rent · 48.3% own
• Severe rent burden: 960.0

Population outlook (Genesee County) Hauer SSP2

• Today (2025): 381,312 people
• By 2030: 362,731 · -4.9%
• By 2040: 321,550 · -15.7%
• By 2050: 279,212 · -26.8%
• By 2075: 193,336 · -49.3%
• By 2100: 128,118 · -66.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly Black (79%)
• Race & ethnicity: Black 79% White 11% Two or more races 6% Hispanic / Latino 3%
• Common ancestry: Romanian 1% Iranian 1% Lithuanian 1%
• Foreign-born: 1% · Canada
• Languages at home: 98% English-only · Spanish 1%

Political lean MEDSL · Genesee

• 2024 margin: Toss-up / Even · D 51.4% · R 47.2% · Other 1.4%
• 2008→2024 swing: -28.3pp toward R · 2008: 32.5pp · 2024: 4.2pp
• All cycles: 2024: D+4.2 2020: D+9.3 2016: D+9.5 2012: D+28.2 2008: D+32.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 2.67%
• Current HPI: 202.4878
• Rent YoY: —
• Metro: Flint, 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

1 event — show timeline

• 2026-05-27 Listed $53,967 FSBO.com

Property tax history

+4.9%/yr

Latest (2025): $732 · +1.4% YoY. Source: county tax records.