1913 Basil Ln · Flint, MI 48504

$67,999

3 bd · 1.0 ba · 1,212 sqft · SingleFamily public records · 37 Days on market

Built 1955 6,970 sqft lot

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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
• DSCR +10.0/10.0
• 1% rule +9.3/10.0
• ARV discount +7.5/15.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.1/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Turnkey Opportunity! This move-in ready Flint home has been extensively renovated and is nearing completion, making it an excellent option for both owner-occupants and investors seeking a low-maintenance property with strong rental or resale potential. Featuring updated finishes throughout and a functional layout, this property offers comfortable living with modern improvements already in place. Conveniently located near major roads, shopping, schools, and everyday amenities, the home provides easy access to everything needed while being situated in an established residential neighborhood. Vacant and ready for its next owner, this property presents an ideal opportunity as a starter home, long-term rental, or addition to an investment portfolio. Final renovation touches are currently being completed, adding even more value and appeal. Novation: Buyer has equitable interest in the property and is marketing the property with the owner's authorization in order to locate a new buyer.

Key facts

• Easy access
• Updated finishes
• Vacant and ready

Tags

• EXTENSIVELY RENOVATED
• UPDATED FINISHES
• FUNCTIONAL LAYOUT
• CONVENIENTLY LOCATED
• EASY ACCESS
• VACANT AND READY

Property features AI

Finance

• Other: Subdivision: BEL-AIRE WOODS 1; Directions: From Clio Rd, head east on W Carpenter Rd, then turn north onto Basil Ln; property on the right (east side of the street)

Exterior

• Parking: Detached 1-car garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One story; Ground-level entry with steps; Brick construction
• Construction: Brick construction
• Exterior features: Paved road access; Lot approximately 0.16 acres (59.33 x 107)

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); No central cooling
• Interior features: Basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $68k.

Deal economics

• At list price, monthly cash flow is $302 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($972 rent vs $68k).
• Recommended offer: $66k (3.0% below list) — sets the bar for market timing.

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: 131 active listings in the ZIP; 10 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); 419 units permitted in Genesee County in 2024 (68 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $470 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Genesee County population projected at -27% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $19k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 37 days — a 3% lower offer ($66k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts since 31y 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 $33k; list at $68k implies a 107% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1955 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $65,959 (3.0% below list)

Questions for the listing agent

1. It's been on market 37 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1955 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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.
7. 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.
8. 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: 1.43% ✓
• Cap rate: 11.62%
• Cash-on-cash: 19.01%
• DSCR: 1.85
• GRM: 5.8

CMA / ARV

• ARV (on-the-fly): $35,148
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1909 Basil Ln	0.01mi	3/1.0	1,200 (-1%)	8mo	$21,025	$18	91
4911 Birchcrest Dr	0.28mi	3/2.0	1,310 (+8%)	0mo	$30,000	$23	69
4201 Winona St	0.65mi	3/1.0	1,212 (0%)	7mo	$34,900	$29	64
4319 Greenlawn Dr	0.40mi	3/1.0	1,310 (+8%)	10mo	$38,500	$29	60
5913 Glenn Ave	0.61mi	3/1.5	1,272 (+5%)	4mo	$35,000	$28	58
3145 Gracelawn Ave	0.60mi	3/2.0	1,300 (+7%)	0mo	$135,500	$104	55
3330 Maywood Dr	0.59mi	3/1.0	1,120 (-8%)	5mo	$14,000	$13	55
1511 W Home Ave	0.43mi	3/1.5	1,042 (-14%)	3mo	$35,500	$34	52
5705 Winthrop Blvd	0.50mi	3/1.0	1,375 (+13%)	4mo	$55,000	$40	51
6611 Sally Ct	0.75mi	3/1.0	1,120 (-8%)	2mo	$21,420	$19	51
6310 Valorie Ln	0.53mi	3/1.0	1,040 (-14%)	4mo	$49,900	$48	48
1323 Chatham Dr	0.63mi	3/1.5	1,374 (+13%)	2mo	$51,000	$37	45

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: 10.9%
• Equity multiple: 1.43×
• Total profit: $8,208
• Equity at exit: $10,139

10-year hold

• IRR: 19.9%
• Equity multiple: 2.68×
• Total profit: $31,939
• Equity at exit: $5,879

Cash invested: $19,040 (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 48504

• Active inventory: 131
• Price-to-rent: 5.8×

Monthly cashflow live

• Estimated rent: $972 high
• Mortgage (P&I): −$357
• Tax from tax record: −$81 /mo · $972/yr
• Insurance: −$28
• HOA: −$0
• Vacancy / Maint / Mgmt: −$204
• Net cashflow: $302

Break-even live

Break-even rent $590

Max offer price $67,999

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: $17,000
• Closing costs: $2,040
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5905 Griggs Dr Flint, MI	3.0	1.0	940	$1,000	$1.06	13d	1	0.31mi
5413 DuPont St Flint, MI	4.0	1.5	1038	$900	$0.87	20d	1	0.70mi
5813 Edwards Ave Flint, MI	3.0	1.0	1500	$899	$0.60	13d	1	0.70mi
411 W Marengo Ave Flint, MI	3.0	1.0	1350	$1,072	$0.79	13d	1	0.98mi
6802 DuPont St Flint, MI	3.0	1.0	1200	$1,000	$0.83	20d	1	1.06mi
100 Rosewood Mnr Flint, MI	2.0	1.5	1159	$947	$0.82	13d	1	1.10mi
514 W Alma Ave Flint, MI	3.0	1.0	894	$925	$1.03	13d	1	1.16mi
3221 Burgess St Flint, MI	2.0	1.0	755	$875	$1.16	20d	1	1.19mi
711 W Dewey St Flint, MI	3.0	1.0	1011	$925	$0.91	20d	1	1.35mi
5280 Cedar Shores Ct Flint, MI	2.0–3.0	2.0	1150	$1,148	$1.00	13d	6	1.48mi

Listing history 22 events

1. 2026-06-17
   days on market $67,999 Active 37 DOM
2. 2026-06-16
   days on market $67,999 Active 36 DOM
3. 2026-06-15
   days on market $67,999 Active 35 DOM
4. 2026-06-14
   days on market $67,999 Active 33 DOM
5. 2026-06-13
   days on market $67,999 Active 32 DOM
6. 2026-06-10
   days on market $67,999 Active 30 DOM
7. 2026-06-09
   days on market $67,999 Active 29 DOM
8. 2026-06-08
   days on market $67,999 Active 28 DOM
9. 2026-06-07
   days on market $67,999 Active 27 DOM
10. 2026-06-05
    days on market $67,999 Active 24 DOM
11. 2026-06-03
    days on market $67,999 Active 23 DOM
12. 2026-06-02
    days on market $67,999 Active 22 DOM
13. 2026-06-01
    days on market $67,999 Active 21 DOM
14. 2026-05-31
    days on market $67,999 Active 20 DOM
15. 2026-05-30
    days on market $67,999 Active 19 DOM
16. 2026-05-07
    listed $69,999 Active

    Show marketing remark (993 chars)

    Turnkey Opportunity! This move-in ready Flint home has been extensively renovated and is nearing completion, making it an excellent option for both owner-occupants and investors seeking a low-maintenance property with strong rental or resale potential. Featuring updated finishes throughout and a functional layout, this property offers comfortable living with modern improvements already in place. Conveniently located near major roads, shopping, schools, and everyday amenities, the home provides easy access to everything needed while being situated in an established residential neighborhood. Vacant and ready for its next owner, this property presents an ideal opportunity as a starter home, long-term rental, or addition to an investment portfolio. Final renovation touches are currently being completed, adding even more value and appeal. Novation: Buyer has equitable interest in the property and is marketing the property with the owner's authorization in order to locate a new buyer.

17. 2026-05-07
    listed $69,999 Active 993-char remark

    Show marketing remark (993 chars)

    Turnkey Opportunity! This move-in ready Flint home has been extensively renovated and is nearing completion, making it an excellent option for both owner-occupants and investors seeking a low-maintenance property with strong rental or resale potential. Featuring updated finishes throughout and a functional layout, this property offers comfortable living with modern improvements already in place. Conveniently located near major roads, shopping, schools, and everyday amenities, the home provides easy access to everything needed while being situated in an established residential neighborhood. Vacant and ready for its next owner, this property presents an ideal opportunity as a starter home, long-term rental, or addition to an investment portfolio. Final renovation touches are currently being completed, adding even more value and appeal. Novation: Buyer has equitable interest in the property and is marketing the property with the owner's authorization in order to locate a new buyer.

18. 1995-07-20
    soldstatus $32,900 179-char remark

    Show marketing remark (179 chars)

    Attractive 3 Bdrm Brick Ranch. Family Room. Garage. Well Land- Scaped Yard, Fenced. This Neat Home Is Ready To Move Into And Won't Last. Pending Before Print!! * Sac/Bbc Mls $20.

19. 1995-07-20
    soldstatus $32,900

    Show marketing remark (179 chars)

    Attractive 3 Bdrm Brick Ranch. Family Room. Garage. Well Land- Scaped Yard, Fenced. This Neat Home Is Ready To Move Into And Won't Last. Pending Before Print!! * Sac/Bbc Mls $20.

20. 1995-06-05
    historical 179-char remark

    Show marketing remark (179 chars)

    Attractive 3 Bdrm Brick Ranch. Family Room. Garage. Well Land- Scaped Yard, Fenced. This Neat Home Is Ready To Move Into And Won't Last. Pending Before Print!! * Sac/Bbc Mls $20.

21. 1995-05-26
    listed $31,900 179-char remark

    Show marketing remark (179 chars)

    Attractive 3 Bdrm Brick Ranch. Family Room. Garage. Well Land- Scaped Yard, Fenced. This Neat Home Is Ready To Move Into And Won't Last. Pending Before Print!! * Sac/Bbc Mls $20.

22. 1995-05-26
    listed $31,900

    Show marketing remark (179 chars)

    Attractive 3 Bdrm Brick Ranch. Family Room. Garage. Well Land- Scaped Yard, Fenced. This Neat Home Is Ready To Move Into And Won't Last. Pending Before Print!! * Sac/Bbc Mls $20.

ⓘ 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: $972 · $81/mo
• Projected year-2 tax: $1,009 · $84/mo
• Expected delta: +$38/yr (+$3/mo · 3.9%)

ⓘ 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: $11,660
• − Mortgage interest: −$3,809
• − Property taxes: −$972
• − Insurance: −$340
• − Repairs & maintenance: −$933
• − Management: −$933
• − Depreciation: −$1,978
• Taxable income: $2,695
• Est. tax owed @ 24.0%: −$647
• After-tax cash flow: $2,973/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
• City population: 93,814
• Population (ZIP): 23,873

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 (66%)
• Race & ethnicity: Black 66% White 24% Two or more races 6% Hispanic / Latino 5% Asian 1%
• Common ancestry: Romanian 2% Lithuanian 1% Italian 1%
• Foreign-born: 3% · Canada, China
• Languages at home: 96% English-only · Spanish 2%

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: ▼ -101.67%
• Current HPI: 94.3111
• 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

+119.4% since first listed

7 events — show timeline

• 2026-05-07 Listed $69,999 MiRealSource-MiMLS
• 2026-05-07 Listed $69,999 REALCOMP
• 1995-07-20 Sold (MLS) $32,900 REALCOMP
• 1995-07-20 Sold (MLS) $32,900 MiRealSource-MiMLS
• 1995-06-05 Listing Removed — MiRealSource-MiMLS
• 1995-05-26 Listed $31,900 REALCOMP
• 1995-05-26 Listed $31,900 MiRealSource-MiMLS

Property tax history

+2.4%/yr

Latest (2025): $972 · +1.6% YoY. Source: county tax records.