575 Lutzke Rd · Shields, MI 48609

$189,000

5 bd · 1.0 ba · 1,768 sqft · SingleFamily public records · 16 Days on market

Built 1940 1.10 ac lot Est $260k · 27% under

---

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 +19.2/30.0
• ARV discount +15.0/15.0
• DSCR +6.1/10.0
• Schools +4.2/10.0
• 1% rule +4.0/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Highest and Best due by 5/12/2026 at noon. Welcome to peaceful country living with space to spread out and make your own! Nestled in desirable Thomas Township, this charming home features 5 bedrooms, over 1,600 square feet of living space, and sits on a beautiful 1+ acre lot offering privacy and a serene setting. Inside, you’ll find inviting living areas filled with natural light and endless potential to personalize to your style. Enjoy the best of both worlds with a quiet rural atmosphere while still being conveniently located near schools, shopping, and dining. Whether you’re looking for extra space, room to grow, or simply a place to enjoy the outdoors, this property is full of opportunity. Don’t miss your chance to own your own slice of country serenity — call your favorite Realtor today!

Key facts

• Natural light
• 1 acre lot
• Conveniently located

Tags

• 1 ACRE LOT
• NATURAL LIGHT
• QUIET RURAL ATMOSPHERE
• CONVENIENTLY LOCATED

Property features AI

Finance

• HOA & community: Homeowners association present

Exterior

• Parking: Detached 2-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One and one-half story; Vinyl siding
• Construction: Vinyl siding construction
• Exterior features: Lot approximately 150 x 330 (about 1.1 acres); No pool

Interior

• Kitchen: Dishwasher; Oven; Range; Refrigerator
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); Central air conditioning
• Interior features: Bay windows; Unfinished basement with sump pump
• Laundry & utility: Gas water heater

What this means for you Summary

Snapshot

• This is a 5-bed/1.0-bath single-family listed at $189k.

Deal economics

• At list price, monthly cash flow is $204 ($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 $169k (10.4% below list).
• Recommended offer: $169k (10.4% below list) — sets the bar for 1% rule.
• Cap rate 7.6% vs local median 4.5% in Shields — 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 81/100 on livability (#59 in MI, #1,310 nationally) — a professional / high-income tenant draw. Strengths: cost of living A+, housing A+, health & safety A+; Watch: amenities F, commute F.
• Swan Valley School District (suburban): math 42% / reading 56% proficiency, ranked #104 of 540 in MI (top 19%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 72 active listings in the ZIP; 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 $1k of loan paydown is wiped out by about $6k 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 16 days — a 2% lower offer ($186k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 2y 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 $140k; 35% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $169,405 (10.4% below list)

Questions for the listing agent

1. Built in 1940 — 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: 0.90% ✗
• Cap rate: 7.59%
• Cash-on-cash: 4.64%
• DSCR: 1.21
• GRM: 9.3

CMA / ARV

• ARV (on-the-fly): $259,896
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
7245 Burmeister	0.22mi	4/2.0 (-1)	1,650 (-7%)	10mo	$242,500	$147	61
370 Adams Rd	0.52mi	4/2.0 (-1)	1,700 (-4%)	2mo	$249,000	$146	59
1140 Curwood Rd	0.37mi	4/1.5 (-1)	1,660 (-6%)	12mo	$252,000	$152	55
365 S Miller Rd	0.54mi	4/2.0 (-1)	1,963 (+11%)	12mo	$162,000	$83	38
7105 Terry St	0.54mi	4/1.5 (-1)	1,508 (-15%)	22mo	$223,900	$148	25
723 Sparling Dr Dr	0.63mi	4/2.5 (-1)	2,020 (+14%)	22mo	$250,000	$124	18

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: -9.1%
• Equity multiple: 0.67×
• Total profit: $-17,688
• Equity at exit: $28,181

10-year hold

• IRR: 0.3%
• Equity multiple: 1.02×
• Total profit: $1,036
• Equity at exit: $16,341

Cash invested: $52,920 (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 48609

• Home prices YoY: -34.2%
• Active inventory: 72
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $1,694 medium
• Mortgage (P&I): −$991
• Tax from tax record: −$64 /mo · $768/yr
• Insurance: −$79
• HOA: −$0
• Vacancy / Maint / Mgmt: −$356
• Net cashflow: $204

Break-even live

Break-even rent $1,435

Max offer price $189,000

Occupancy floor 83%

Sensitivity live

Price	-10% $311	-5% $258	+0% $204	+5% $151	+10% $97
Rent	-10% $71	-5% $137	+0% $204	+5% $271	+10% $338
Rate	-1.0pp $300	-0.5pp $252	base $204	+0.5pp $155	+1.0pp $106

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: $47,250
• Closing costs: $5,670
• Reserves months: —
• Total cash needed: —

Listing history 23 events

1. 2026-06-19
   days on market $189,000 Active 16 DOM
2. 2026-06-18
   days on market $189,000 Active 15 DOM
3. 2026-06-17
   days on market $189,000 Active 14 DOM
4. 2026-06-16
   days on market $189,000 Active 13 DOM
5. 2026-06-15
   days on market $189,000 Active 12 DOM
6. 2026-06-14
   days on market $189,000 Active 10 DOM
7. 2026-06-12
   statusdays on market $189,000 Active 9 DOM
8. 2026-05-15
   status Pending

   Show marketing remark (827 chars)

   Highest and Best due by 5/12/2026 at noon. Welcome to peaceful country living with space to spread out and make your own! Nestled in desirable Thomas Township, this charming home features 5 bedrooms, over 1,600 square feet of living space, and sits on a beautiful 1+ acre lot offering privacy and a serene setting. Inside, you’ll find inviting living areas filled with natural light and endless potential to personalize to your style. Enjoy the best of both worlds with a quiet rural atmosphere while still being conveniently located near schools, shopping, and dining. Whether you’re looking for extra space, room to grow, or simply a place to enjoy the outdoors, this property is full of opportunity. Don’t miss your chance to own your own slice of country serenity — call your favorite Realtor today!

9. 2026-05-15
   status Pending 827-char remark

   Show marketing remark (827 chars)

   Highest and Best due by 5/12/2026 at noon. Welcome to peaceful country living with space to spread out and make your own! Nestled in desirable Thomas Township, this charming home features 5 bedrooms, over 1,600 square feet of living space, and sits on a beautiful 1+ acre lot offering privacy and a serene setting. Inside, you’ll find inviting living areas filled with natural light and endless potential to personalize to your style. Enjoy the best of both worlds with a quiet rural atmosphere while still being conveniently located near schools, shopping, and dining. Whether you’re looking for extra space, room to grow, or simply a place to enjoy the outdoors, this property is full of opportunity. Don’t miss your chance to own your own slice of country serenity — call your favorite Realtor today!

10. 2026-05-08
    listed $189,000 Active

    Show marketing remark (827 chars)

    Highest and Best due by 5/12/2026 at noon. Welcome to peaceful country living with space to spread out and make your own! Nestled in desirable Thomas Township, this charming home features 5 bedrooms, over 1,600 square feet of living space, and sits on a beautiful 1+ acre lot offering privacy and a serene setting. Inside, you’ll find inviting living areas filled with natural light and endless potential to personalize to your style. Enjoy the best of both worlds with a quiet rural atmosphere while still being conveniently located near schools, shopping, and dining. Whether you’re looking for extra space, room to grow, or simply a place to enjoy the outdoors, this property is full of opportunity. Don’t miss your chance to own your own slice of country serenity — call your favorite Realtor today!

11. 2026-05-08
    listed $189,000 Active 827-char remark

    Show marketing remark (827 chars)

    Highest and Best due by 5/12/2026 at noon. Welcome to peaceful country living with space to spread out and make your own! Nestled in desirable Thomas Township, this charming home features 5 bedrooms, over 1,600 square feet of living space, and sits on a beautiful 1+ acre lot offering privacy and a serene setting. Inside, you’ll find inviting living areas filled with natural light and endless potential to personalize to your style. Enjoy the best of both worlds with a quiet rural atmosphere while still being conveniently located near schools, shopping, and dining. Whether you’re looking for extra space, room to grow, or simply a place to enjoy the outdoors, this property is full of opportunity. Don’t miss your chance to own your own slice of country serenity — call your favorite Realtor today!

12. 2024-07-12
    soldstatus $140,000
13. 2024-07-09
    soldstatus $140,000 Sold 1816-char remark

    Show marketing remark (1816 chars)

    Motivated sellers Nestled at the end of a tranquil dead-end road, this captivating 5-bedroom, 1-bathroom home in Thomas Township promises a serene lifestyle in the desirable Swan Valley School District. Spanning over a generous acre of lush land, this residence offers the perfect blend of comfort and privacy, making it an ideal haven for families and outdoor enthusiasts alike. As you step inside, you're greeted by a welcoming interior that effortlessly combines functionality with a cozy ambiance. The heart of the home is undoubtedly its spacious living area, which is perfect for gatherings and creating unforgettable memories with loved ones. The five bedrooms offer flexibility and space for a growing family, home office, or guest rooms to accommodate any of your needs. The kitchen, practical and inviting, is ready for your culinary adventures. Whether it's a quiet breakfast or a festive dinner, this space is equipped to handle it all with ease. Stepping outside, the property truly shines with its expansive over 1-acre lot, offering endless possibilities for outdoor activities, gardening, pool for the kids to enjoy all summer or simply soaking up the beauty of your surroundings in complete privacy. For the hobbyist or craftsman, the pole barn is a dream come true. Featuring a concrete floor and a sturdy workbench, it's the perfect spot for projects, storage, or converting into your personalized workshop. Located in the highly sought-after Swan Valley School District, this home is not just a place to live but a community to belong to. With its mix of privacy, space, and convenience, this property is a rare find that's waiting to be called home. Seller is offering sellers concessions or an escrow to buyers for installing a BDry in basement. Contingent on Seller securing suitable housing.

14. 2024-07-09
    soldstatus $140,000 Closed

    Show marketing remark (1816 chars)

    Motivated sellers Nestled at the end of a tranquil dead-end road, this captivating 5-bedroom, 1-bathroom home in Thomas Township promises a serene lifestyle in the desirable Swan Valley School District. Spanning over a generous acre of lush land, this residence offers the perfect blend of comfort and privacy, making it an ideal haven for families and outdoor enthusiasts alike. As you step inside, you're greeted by a welcoming interior that effortlessly combines functionality with a cozy ambiance. The heart of the home is undoubtedly its spacious living area, which is perfect for gatherings and creating unforgettable memories with loved ones. The five bedrooms offer flexibility and space for a growing family, home office, or guest rooms to accommodate any of your needs. The kitchen, practical and inviting, is ready for your culinary adventures. Whether it's a quiet breakfast or a festive dinner, this space is equipped to handle it all with ease. Stepping outside, the property truly shines with its expansive over 1-acre lot, offering endless possibilities for outdoor activities, gardening, pool for the kids to enjoy all summer or simply soaking up the beauty of your surroundings in complete privacy. For the hobbyist or craftsman, the pole barn is a dream come true. Featuring a concrete floor and a sturdy workbench, it's the perfect spot for projects, storage, or converting into your personalized workshop. Located in the highly sought-after Swan Valley School District, this home is not just a place to live but a community to belong to. With its mix of privacy, space, and convenience, this property is a rare find that's waiting to be called home. Seller is offering sellers concessions or an escrow to buyers for installing a BDry in basement. Contingent on Seller securing suitable housing.

15. 2024-05-16
    status Pending 1816-char remark

    Show marketing remark (1816 chars)

    Motivated sellers Nestled at the end of a tranquil dead-end road, this captivating 5-bedroom, 1-bathroom home in Thomas Township promises a serene lifestyle in the desirable Swan Valley School District. Spanning over a generous acre of lush land, this residence offers the perfect blend of comfort and privacy, making it an ideal haven for families and outdoor enthusiasts alike. As you step inside, you're greeted by a welcoming interior that effortlessly combines functionality with a cozy ambiance. The heart of the home is undoubtedly its spacious living area, which is perfect for gatherings and creating unforgettable memories with loved ones. The five bedrooms offer flexibility and space for a growing family, home office, or guest rooms to accommodate any of your needs. The kitchen, practical and inviting, is ready for your culinary adventures. Whether it's a quiet breakfast or a festive dinner, this space is equipped to handle it all with ease. Stepping outside, the property truly shines with its expansive over 1-acre lot, offering endless possibilities for outdoor activities, gardening, pool for the kids to enjoy all summer or simply soaking up the beauty of your surroundings in complete privacy. For the hobbyist or craftsman, the pole barn is a dream come true. Featuring a concrete floor and a sturdy workbench, it's the perfect spot for projects, storage, or converting into your personalized workshop. Located in the highly sought-after Swan Valley School District, this home is not just a place to live but a community to belong to. With its mix of privacy, space, and convenience, this property is a rare find that's waiting to be called home. Seller is offering sellers concessions or an escrow to buyers for installing a BDry in basement. Contingent on Seller securing suitable housing.

16. 2024-05-16
    status Pending

    Show marketing remark (1816 chars)

    Motivated sellers Nestled at the end of a tranquil dead-end road, this captivating 5-bedroom, 1-bathroom home in Thomas Township promises a serene lifestyle in the desirable Swan Valley School District. Spanning over a generous acre of lush land, this residence offers the perfect blend of comfort and privacy, making it an ideal haven for families and outdoor enthusiasts alike. As you step inside, you're greeted by a welcoming interior that effortlessly combines functionality with a cozy ambiance. The heart of the home is undoubtedly its spacious living area, which is perfect for gatherings and creating unforgettable memories with loved ones. The five bedrooms offer flexibility and space for a growing family, home office, or guest rooms to accommodate any of your needs. The kitchen, practical and inviting, is ready for your culinary adventures. Whether it's a quiet breakfast or a festive dinner, this space is equipped to handle it all with ease. Stepping outside, the property truly shines with its expansive over 1-acre lot, offering endless possibilities for outdoor activities, gardening, pool for the kids to enjoy all summer or simply soaking up the beauty of your surroundings in complete privacy. For the hobbyist or craftsman, the pole barn is a dream come true. Featuring a concrete floor and a sturdy workbench, it's the perfect spot for projects, storage, or converting into your personalized workshop. Located in the highly sought-after Swan Valley School District, this home is not just a place to live but a community to belong to. With its mix of privacy, space, and convenience, this property is a rare find that's waiting to be called home. Seller is offering sellers concessions or an escrow to buyers for installing a BDry in basement. Contingent on Seller securing suitable housing.

17. 2024-04-23
    price $179,900
18. 2024-04-22
    price $179,900 1816-char remark

    Show marketing remark (1816 chars)

    Motivated sellers Nestled at the end of a tranquil dead-end road, this captivating 5-bedroom, 1-bathroom home in Thomas Township promises a serene lifestyle in the desirable Swan Valley School District. Spanning over a generous acre of lush land, this residence offers the perfect blend of comfort and privacy, making it an ideal haven for families and outdoor enthusiasts alike. As you step inside, you're greeted by a welcoming interior that effortlessly combines functionality with a cozy ambiance. The heart of the home is undoubtedly its spacious living area, which is perfect for gatherings and creating unforgettable memories with loved ones. The five bedrooms offer flexibility and space for a growing family, home office, or guest rooms to accommodate any of your needs. The kitchen, practical and inviting, is ready for your culinary adventures. Whether it's a quiet breakfast or a festive dinner, this space is equipped to handle it all with ease. Stepping outside, the property truly shines with its expansive over 1-acre lot, offering endless possibilities for outdoor activities, gardening, pool for the kids to enjoy all summer or simply soaking up the beauty of your surroundings in complete privacy. For the hobbyist or craftsman, the pole barn is a dream come true. Featuring a concrete floor and a sturdy workbench, it's the perfect spot for projects, storage, or converting into your personalized workshop. Located in the highly sought-after Swan Valley School District, this home is not just a place to live but a community to belong to. With its mix of privacy, space, and convenience, this property is a rare find that's waiting to be called home. Seller is offering sellers concessions or an escrow to buyers for installing a BDry in basement. Contingent on Seller securing suitable housing.

19. 2024-04-11
    price $194,900

    Show marketing remark (1816 chars)

    Motivated sellers Nestled at the end of a tranquil dead-end road, this captivating 5-bedroom, 1-bathroom home in Thomas Township promises a serene lifestyle in the desirable Swan Valley School District. Spanning over a generous acre of lush land, this residence offers the perfect blend of comfort and privacy, making it an ideal haven for families and outdoor enthusiasts alike. As you step inside, you're greeted by a welcoming interior that effortlessly combines functionality with a cozy ambiance. The heart of the home is undoubtedly its spacious living area, which is perfect for gatherings and creating unforgettable memories with loved ones. The five bedrooms offer flexibility and space for a growing family, home office, or guest rooms to accommodate any of your needs. The kitchen, practical and inviting, is ready for your culinary adventures. Whether it's a quiet breakfast or a festive dinner, this space is equipped to handle it all with ease. Stepping outside, the property truly shines with its expansive over 1-acre lot, offering endless possibilities for outdoor activities, gardening, pool for the kids to enjoy all summer or simply soaking up the beauty of your surroundings in complete privacy. For the hobbyist or craftsman, the pole barn is a dream come true. Featuring a concrete floor and a sturdy workbench, it's the perfect spot for projects, storage, or converting into your personalized workshop. Located in the highly sought-after Swan Valley School District, this home is not just a place to live but a community to belong to. With its mix of privacy, space, and convenience, this property is a rare find that's waiting to be called home. Seller is offering sellers concessions or an escrow to buyers for installing a BDry in basement. Contingent on Seller securing suitable housing.

20. 2024-04-11
    price $194,900 1816-char remark

    Show marketing remark (1816 chars)

    Motivated sellers Nestled at the end of a tranquil dead-end road, this captivating 5-bedroom, 1-bathroom home in Thomas Township promises a serene lifestyle in the desirable Swan Valley School District. Spanning over a generous acre of lush land, this residence offers the perfect blend of comfort and privacy, making it an ideal haven for families and outdoor enthusiasts alike. As you step inside, you're greeted by a welcoming interior that effortlessly combines functionality with a cozy ambiance. The heart of the home is undoubtedly its spacious living area, which is perfect for gatherings and creating unforgettable memories with loved ones. The five bedrooms offer flexibility and space for a growing family, home office, or guest rooms to accommodate any of your needs. The kitchen, practical and inviting, is ready for your culinary adventures. Whether it's a quiet breakfast or a festive dinner, this space is equipped to handle it all with ease. Stepping outside, the property truly shines with its expansive over 1-acre lot, offering endless possibilities for outdoor activities, gardening, pool for the kids to enjoy all summer or simply soaking up the beauty of your surroundings in complete privacy. For the hobbyist or craftsman, the pole barn is a dream come true. Featuring a concrete floor and a sturdy workbench, it's the perfect spot for projects, storage, or converting into your personalized workshop. Located in the highly sought-after Swan Valley School District, this home is not just a place to live but a community to belong to. With its mix of privacy, space, and convenience, this property is a rare find that's waiting to be called home. Seller is offering sellers concessions or an escrow to buyers for installing a BDry in basement. Contingent on Seller securing suitable housing.

21. 2024-03-25
    listed $199,900 Active 1816-char remark

    Show marketing remark (1816 chars)

    Motivated sellers Nestled at the end of a tranquil dead-end road, this captivating 5-bedroom, 1-bathroom home in Thomas Township promises a serene lifestyle in the desirable Swan Valley School District. Spanning over a generous acre of lush land, this residence offers the perfect blend of comfort and privacy, making it an ideal haven for families and outdoor enthusiasts alike. As you step inside, you're greeted by a welcoming interior that effortlessly combines functionality with a cozy ambiance. The heart of the home is undoubtedly its spacious living area, which is perfect for gatherings and creating unforgettable memories with loved ones. The five bedrooms offer flexibility and space for a growing family, home office, or guest rooms to accommodate any of your needs. The kitchen, practical and inviting, is ready for your culinary adventures. Whether it's a quiet breakfast or a festive dinner, this space is equipped to handle it all with ease. Stepping outside, the property truly shines with its expansive over 1-acre lot, offering endless possibilities for outdoor activities, gardening, pool for the kids to enjoy all summer or simply soaking up the beauty of your surroundings in complete privacy. For the hobbyist or craftsman, the pole barn is a dream come true. Featuring a concrete floor and a sturdy workbench, it's the perfect spot for projects, storage, or converting into your personalized workshop. Located in the highly sought-after Swan Valley School District, this home is not just a place to live but a community to belong to. With its mix of privacy, space, and convenience, this property is a rare find that's waiting to be called home. Seller is offering sellers concessions or an escrow to buyers for installing a BDry in basement. Contingent on Seller securing suitable housing.

22. 2024-03-25
    listed $199,900 Active

    Show marketing remark (1816 chars)

    Motivated sellers Nestled at the end of a tranquil dead-end road, this captivating 5-bedroom, 1-bathroom home in Thomas Township promises a serene lifestyle in the desirable Swan Valley School District. Spanning over a generous acre of lush land, this residence offers the perfect blend of comfort and privacy, making it an ideal haven for families and outdoor enthusiasts alike. As you step inside, you're greeted by a welcoming interior that effortlessly combines functionality with a cozy ambiance. The heart of the home is undoubtedly its spacious living area, which is perfect for gatherings and creating unforgettable memories with loved ones. The five bedrooms offer flexibility and space for a growing family, home office, or guest rooms to accommodate any of your needs. The kitchen, practical and inviting, is ready for your culinary adventures. Whether it's a quiet breakfast or a festive dinner, this space is equipped to handle it all with ease. Stepping outside, the property truly shines with its expansive over 1-acre lot, offering endless possibilities for outdoor activities, gardening, pool for the kids to enjoy all summer or simply soaking up the beauty of your surroundings in complete privacy. For the hobbyist or craftsman, the pole barn is a dream come true. Featuring a concrete floor and a sturdy workbench, it's the perfect spot for projects, storage, or converting into your personalized workshop. Located in the highly sought-after Swan Valley School District, this home is not just a place to live but a community to belong to. With its mix of privacy, space, and convenience, this property is a rare find that's waiting to be called home. Seller is offering sellers concessions or an escrow to buyers for installing a BDry in basement. Contingent on Seller securing suitable housing.

23. 2005-03-03
    soldstatus $50,000

ⓘ 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: $768 · $64/mo
• Projected year-2 tax: $1,839 · $153/mo
• Expected delta: +$1,071/yr (+$89/mo · 139.5%)

ⓘ 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 · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥98°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: $20,329
• − Mortgage interest: −$10,587
• − Property taxes: −$768
• − Insurance: −$945
• − Repairs & maintenance: −$1,626
• − Management: −$1,626
• − Depreciation: −$5,498
• Taxable loss: −$722
• Est. tax savings @ 24.0%: +$173
• After-tax cash flow: $2,626/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: Swan Valley School District
• NCES district ID: 2633410
• Math proficiency: 42% ▼ -10.00%
• Reading proficiency: 56% ▼ -6.00%
• Median HH income: $54,994
• Composite: 42.38/100
• National rank: #3241
• State rank: #104 of 540 in MI

Livability — Shields

• Score: 81/100
• State rank: #59
• US rank: #1310

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Shields, MI
• Population (ZIP): 12,206

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 (91%)
• Race & ethnicity: White 91% Hispanic / Latino 5% Two or more races 4%
• Common ancestry: Romanian 11% Lithuanian 5% Slovak 3%
• Foreign-born: 5% · Canada
• Languages at home: 93% English-only · Other Indo-European 6% Spanish 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: ▼ -93.03%
• Current HPI: 179.2881
• 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

+278.0% since first listed

16 events — show timeline

• 2026-05-15 Pending — REALCOMP
• 2026-05-15 Pending — MiRealSource-MiMLS
• 2026-05-08 Listed $189,000 MiRealSource-MiMLS
• 2026-05-08 Listed $189,000 REALCOMP
• 2024-07-12 Sold (Public Records) $140,000 Public Records
• 2024-07-09 Sold (MLS) $140,000 MiRealSource-MiMLS
• 2024-07-09 Sold (MLS) $140,000 REALCOMP
• 2024-05-16 Pending — REALCOMP
• 2024-05-16 Pending — MiRealSource-MiMLS
• 2024-04-23 Price Changed $179,900 MiRealSource-MiMLS
• 2024-04-22 Price Changed $179,900 REALCOMP
• 2024-04-11 Price Changed $194,900 MiRealSource-MiMLS
• 2024-04-11 Price Changed $194,900 REALCOMP
• 2024-03-25 Listed $199,900 MiRealSource-MiMLS
• 2024-03-25 Listed $199,900 REALCOMP
• 2005-03-03 Sold (Public Records) $50,000 Public Records

Property tax history

-5.1%/yr

Latest (2025): $768 · -63.3% YoY. Source: county tax records.