1313 Minnesota Ave · Marysville, MI 48040

$229,900

3 bd · 2.0 ba · 2,844 sqft · SingleFamily · 29 Days on market

Built 1950 6,970 sqft lot $81/sqft · 18% below area Est $281k · 18% under

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Why this score? — see what drove the C 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 +17.6/30.0
• ARV discount +15.0/15.0
• DSCR +5.5/10.0
• 1% rule +4.7/10.0
• Schools +4.2/10.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

This is a spacious Marysville bungalow in a great location. It has 2 fabulous features you will love ! A great room off the back of the home offers a vaulted ceiling, skylights, which adds a lot of additional living space. This charmer also has some beautiful hardwood floors & is open to the great room from the kitchen and breakfast eating area. The great room has space for a larger dining table if desired. This home offers a full basement which has been separated into several rooms, but does need floor coverings and final touches. There are 2 bedrooms on the main floor with one full bath, and there is a larger bedroom upstairs which could be the primary if desired. The second bath is in the full basement & the 1.5 car garage is attached. There is also a deck off the great room and the rear yard is fenced with a shed. The above ground pool has not been used for a couple years but is approx. 5 years old and can stay or go to the new buyer's preference. There may be some updates needed to make this your own, but the mechanicals were replaced by previous owner or this seller. It is larger than many of the bungalows & warrants your immediate attention. Marysville schools is also a bonus !!!

Key facts

• 6,970 sq ft lot
• Garage
• Pool

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $230k.

Deal economics

• At list price, monthly cash flow is $181 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $222k (3.2% below list).
• Recommended offer: $222k (3.2% below list) — sets the bar for 1% rule.
• Cap rate 7.2% vs local median 4.8% in Marysville — 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 78/100 on livability (#114 in MI, #2,700 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, cost of living A+, housing A+; Watch: amenities C-, employment D+, health & safety D.
• Marysville Public Schools (suburban): math 42% / reading 53% proficiency, ranked #115 of 540 in MI (top 21%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 84 active listings in the ZIP; 232 units permitted in St. Clair County in 2024 (0 in 5+ unit buildings).

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.
• St. Clair County population projected at -20% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 29 days — a 2% lower offer ($226k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 26y 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 $180k; 28% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $222,487 (3.2% below list)

Questions for the listing agent

1. Built in 1950 — 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 B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
4. 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.
5. 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.
6. 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: 0.97% ✗
• Cap rate: 7.24%
• Cash-on-cash: 3.37%
• DSCR: 1.15
• GRM: 8.6

CMA / ARV

• ARV (median comp): $280,980
• List price: $229,900
• Delta: -18.18%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 5 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
737 Colorado St	0.51mi	3/2.0	2,816 (-1%)	20mo	$256,000	$91	58
1066 Virginia Ave	0.71mi	3/2.0	3,040 (+7%)	4mo	$252,500	$83	52
1009 Illinois St	0.71mi	3/2.0	2,464 (-13%)	3mo	$280,000	$114	42
598 Tennessee Ave	0.75mi	3/2.5	2,584 (-9%)	8mo	$312,200	$121	41
1770 Georgia Ave	0.71mi	4/2.0 (+1)	2,956 (+4%)	22mo	$340,000	$115	37

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -11.0%
• Equity multiple: 0.60×
• Total profit: $-25,708
• Equity at exit: $34,279

10-year hold

• IRR: -1.7%
• Equity multiple: 0.88×
• Total profit: $-7,446
• Equity at exit: $19,878

Cash invested: $64,372 (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 48040

• Home prices YoY: -34.4%
• Active inventory: 84
• Price-to-rent: 8.6×

Monthly cashflow live

• Estimated rent: $2,225 medium
• Mortgage (P&I): −$1,206
• Tax from tax record: −$275 /mo · $3,304/yr
• Insurance: −$96
• HOA: −$0
• Vacancy / Maint / Mgmt: −$467
• Net cashflow: $181

Break-even live

Break-even rent $1,996

Max offer price $229,900

Occupancy floor 87%

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: $57,475
• Closing costs: $6,897
• Reserves months: —
• Total cash needed: —

Listing history 26 events

1. 2026-05-13
   historical Active Under Contract 1225-char remark

   Show marketing remark (1231 chars)

   This is a spacious Marysville bungalow in a great location. It has 2 fabulous features you will love ! A great room off the back of the home offers a vaulted ceiling, skylights, which adds a lot of additional living space. This charmer also has some beautiful hardwood floors & is open to the great room from the kitchen and breakfast eating area. The great room has space for a larger dining table if desired. This home offers a full basement which has been separated into several rooms, but does need floor coverings and final touches. There are 2 bedrooms on the main floor with one full bath, and there is a larger bedroom upstairs which could be the primary if desired. The second bath is in the full basement & the 1.5 car garage is attached. There is also a deck off the great room and the rear yard is fenced with a shed. The above ground pool has not been used for a couple years but is approx. 5 years old and can stay or go to the new buyer’s preference. There may be some updates needed to make this your own, but the mechanicals were replaced by previous owner or this seller. It is larger than many of the bungalows & warrants your immediate attention. Marysville schools is also a bonus !!!

2. 2026-05-13
   historical Accepting Backup Offers 1231-char remark

   Show marketing remark (1231 chars)

   This is a spacious Marysville bungalow in a great location. It has 2 fabulous features you will love ! A great room off the back of the home offers a vaulted ceiling, skylights, which adds a lot of additional living space. This charmer also has some beautiful hardwood floors & is open to the great room from the kitchen and breakfast eating area. The great room has space for a larger dining table if desired. This home offers a full basement which has been separated into several rooms, but does need floor coverings and final touches. There are 2 bedrooms on the main floor with one full bath, and there is a larger bedroom upstairs which could be the primary if desired. The second bath is in the full basement & the 1.5 car garage is attached. There is also a deck off the great room and the rear yard is fenced with a shed. The above ground pool has not been used for a couple years but is approx. 5 years old and can stay or go to the new buyer’s preference. There may be some updates needed to make this your own, but the mechanicals were replaced by previous owner or this seller. It is larger than many of the bungalows & warrants your immediate attention. Marysville schools is also a bonus !!!

3. 2026-05-01
   price $229,900 1231-char remark

   Show marketing remark (1225 chars)

   This is a spacious Marysville bungalow in a great location. It has 2 fabulous features you will love ! A great room off the back of the home offers a vaulted ceiling, skylights, which adds a lot of additional living space. This charmer also has some beautiful hardwood floors & is open to the great room from the kitchen and breakfast eating area. The great room has space for a larger dining table if desired. This home offers a full basement which has been separated into several rooms, but does need floor coverings and final touches. There are 2 bedrooms on the main floor with one full bath, and there is a larger bedroom upstairs which could be the primary if desired. The second bath is in the full basement & the 1.5 car garage is attached. There is also a deck off the great room and the rear yard is fenced with a shed. The above ground pool has not been used for a couple years but is approx. 5 years old and can stay or go to the new buyer's preference. There may be some updates needed to make this your own, but the mechanicals were replaced by previous owner or this seller. It is larger than many of the bungalows & warrants your immediate attention. Marysville schools is also a bonus !!!

4. 2026-05-01
   price $229,900 1225-char remark

   Show marketing remark (1225 chars)

   This is a spacious Marysville bungalow in a great location. It has 2 fabulous features you will love ! A great room off the back of the home offers a vaulted ceiling, skylights, which adds a lot of additional living space. This charmer also has some beautiful hardwood floors & is open to the great room from the kitchen and breakfast eating area. The great room has space for a larger dining table if desired. This home offers a full basement which has been separated into several rooms, but does need floor coverings and final touches. There are 2 bedrooms on the main floor with one full bath, and there is a larger bedroom upstairs which could be the primary if desired. The second bath is in the full basement & the 1.5 car garage is attached. There is also a deck off the great room and the rear yard is fenced with a shed. The above ground pool has not been used for a couple years but is approx. 5 years old and can stay or go to the new buyer's preference. There may be some updates needed to make this your own, but the mechanicals were replaced by previous owner or this seller. It is larger than many of the bungalows & warrants your immediate attention. Marysville schools is also a bonus !!!

5. 2026-04-20
   listed $239,900 Active 1225-char remark

   Show marketing remark (1231 chars)

   This is a spacious Marysville bungalow in a great location. It has 2 fabulous features you will love ! A great room off the back of the home offers a vaulted ceiling, skylights, which adds a lot of additional living space. This charmer also has some beautiful hardwood floors & is open to the great room from the kitchen and breakfast eating area. The great room has space for a larger dining table if desired. This home offers a full basement which has been separated into several rooms, but does need floor coverings and final touches. There are 2 bedrooms on the main floor with one full bath, and there is a larger bedroom upstairs which could be the primary if desired. The second bath is in the full basement & the 1.5 car garage is attached. There is also a deck off the great room and the rear yard is fenced with a shed. The above ground pool has not been used for a couple years but is approx. 5 years old and can stay or go to the new buyer’s preference. There may be some updates needed to make this your own, but the mechanicals were replaced by previous owner or this seller. It is larger than many of the bungalows & warrants your immediate attention. Marysville schools is also a bonus !!!

6. 2026-04-20
   listed $239,900 Active 1231-char remark

   Show marketing remark (1231 chars)

   This is a spacious Marysville bungalow in a great location. It has 2 fabulous features you will love ! A great room off the back of the home offers a vaulted ceiling, skylights, which adds a lot of additional living space. This charmer also has some beautiful hardwood floors & is open to the great room from the kitchen and breakfast eating area. The great room has space for a larger dining table if desired. This home offers a full basement which has been separated into several rooms, but does need floor coverings and final touches. There are 2 bedrooms on the main floor with one full bath, and there is a larger bedroom upstairs which could be the primary if desired. The second bath is in the full basement & the 1.5 car garage is attached. There is also a deck off the great room and the rear yard is fenced with a shed. The above ground pool has not been used for a couple years but is approx. 5 years old and can stay or go to the new buyer’s preference. There may be some updates needed to make this your own, but the mechanicals were replaced by previous owner or this seller. It is larger than many of the bungalows & warrants your immediate attention. Marysville schools is also a bonus !!!

7. 2022-03-21
   soldstatus $180,000
8. 2022-03-01
   soldstatus $180,000 Closed
9. 2022-03-01
   soldstatus $180,000
10. 2022-02-07
    status Pending
11. 2022-01-30
    listed $194,900 Active
12. 2022-01-30
    listed $194,900
13. 2011-02-14
    soldstatus $105,000
14. 2011-01-24
    soldstatus $105,000
15. 2011-01-24
    soldstatus $105,000
16. 2011-01-24
    soldstatus $105,000
17. 2010-12-06
    historical
18. 2010-08-12
    listed $109,900
19. 2010-08-11
    listed $109,900
20. 2010-08-11
    listed $109,900
21. 2009-07-20
    historical
22. 2009-06-20
    historical
23. 2009-04-21
    listed $130,000
24. 2009-04-18
    listed $130,000
25. 2000-07-07
    soldstatus $125,000
26. 2000-05-24
    listed $124,900

ⓘ 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: $3,304 · $275/mo
• Projected year-2 tax: $3,422 · $285/mo
• Expected delta: +$118/yr (+$10/mo · 3.6%)

ⓘ 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 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $26,698
• − Mortgage interest: −$12,878
• − Property taxes: −$3,304
• − Insurance: −$1,150
• − Repairs & maintenance: −$2,136
• − Management: −$2,136
• − Depreciation: −$6,688
• Taxable loss: −$1,593
• Est. tax savings @ 24.0%: +$382
• After-tax cash flow: $2,553/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: Marysville Public Schools
• NCES district ID: 2623040
• Math proficiency: 42% ▼ -14.00%
• Reading proficiency: 53% ▼ -12.00%
• Median HH income: $58,817
• Composite: 41.51/100
• National rank: #3454
• State rank: #115 of 540 in MI

Livability — Marysville

• Score: 78/100
• State rank: #114
• US rank: #2700

Category grades

Amenities C- Commute F Cost of living A+ Crime A+ Employment D+ Housing A+ Health & safety D User ratings A+

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Marysville, MI
• City population: 9,942
• Population (ZIP): 9,942

Population outlook (St. Clair County) Hauer SSP2

• Today (2025): 154,587 people
• By 2030: 150,031 · -2.9%
• By 2040: 138,177 · -10.6%
• By 2050: 124,390 · -19.5%
• By 2075: 95,825 · -38.0%
• By 2100: 68,672 · -55.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (93%)
• Race & ethnicity: White 93% Two or more races 3% Hispanic / Latino 1% Asian 1% Black 1%
• Common ancestry: Romanian 11% Iranian 6% Lithuanian 5%
• Foreign-born: 2% · Canada, Philippines
• Languages at home: 98% English-only · Other Asian/Pacific 1%

Political lean MEDSL · St. Clair

• 2024 margin: Solid R (+34.6) · D 32.0% · R 66.6% · Other 1.4%
• 2008→2024 swing: -37.3pp toward R · 2008: 2.6pp · 2024: -34.6pp
• All cycles: 2024: R+34.6 2020: R+30.2 2016: R+31.4 2012: R+7.1 2008: D+2.6

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -98.64%
• Current HPI: 188.3932
• 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

+84.1% since first listed

26 events — show timeline

• 2026-05-13 Contingent — REALCOMP
• 2026-05-13 Contingent — MiRealSource-MiMLS
• 2026-05-01 Price Changed $229,900 MiRealSource-MiMLS
• 2026-05-01 Price Changed $229,900 REALCOMP
• 2026-04-20 Listed $239,900 REALCOMP
• 2026-04-20 Listed $239,900 MiRealSource-MiMLS
• 2022-03-21 Sold (Public Records) $180,000 Public Records
• 2022-03-01 Sold (MLS) $180,000 REALCOMP
• 2022-03-01 Sold (MLS) $180,000 MiRealSource-MiMLS
• 2022-02-07 Pending — MiRealSource-MiMLS
• 2022-01-30 Listed $194,900 REALCOMP
• 2022-01-30 Listed $194,900 MiRealSource-MiMLS
• 2011-02-14 Sold (Public Records) $105,000 Public Records
• 2011-01-24 Sold (MLS) $105,000 MiRealSource-MiMLS
• 2011-01-24 Sold (MLS) $105,000 MiRealSource-MiMLS
• 2011-01-24 Sold (MLS) $105,000 REALCOMP
• 2010-12-06 Listing Removed — MiRealSource-MiMLS
• 2010-08-12 Listed $109,900 MiRealSource-MiMLS
• 2010-08-11 Listed $109,900 MiRealSource-MiMLS
• 2010-08-11 Listed $109,900 REALCOMP
• 2009-07-20 Listing Removed — REALCOMP
• 2009-06-20 Listing Removed — MiRealSource-MiMLS
• 2009-04-21 Listed $130,000 REALCOMP
• 2009-04-18 Listed $130,000 MiRealSource-MiMLS
• 2000-07-07 Sold (MLS) $125,000 REALCOMP
• 2000-05-24 Listed $124,900 REALCOMP

Property tax history

+5.1%/yr

Latest (2025): $3,304 · -23.1% YoY. Source: county tax records.