2434 Thornton Ave · Flint, MI 48504

$59,900

2 bd · 1.0 ba · 990 sqft · SingleFamily · 27 Days on market

Built 1952 0.25 ac lot Est $61k · at est. ↓ 4% since listing

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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 +9.9/10.0
• ARV discount +8.6/15.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great two bedroom ranch freshly painted with new carpet in bedrooms and Living room. Good size garage, fenced in yard and a full basement. 2 year old furnace abd water heater with 6 year old roof

Key facts

• New carpet
• Full basement
• Two bedroom ranch

Tags

• FENCED IN YARD
• FULL BASEMENT
• NEW CARPET
• TWO BEDROOM RANCH

Property features AI

Exterior

• Parking: Detached garage with direct access (1 garage space) with basement access
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One story
• Construction: Aluminum siding; Block foundation
• Exterior features: Paved road access; Lot approximately 0.25 acre (86 x 124); Ground-level entry

Interior

• Bedrooms: Total of 4 rooms (bedrooms included)
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); No central cooling
• Interior features: Full unfinished basement

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $60k.

Deal economics

• At list price, monthly cash flow is $292 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($890 rent vs $60k).
• Recommended offer: $59k (1.5% 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.
• Carman-Ainsworth Community Schools (suburban): math 12% / reading 28% proficiency, ranked #468 of 540 in MI (top 87%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 64% 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 lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 70% of comp listings sitting > 30 days — soft ceiling on asking rent; 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 $414 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 $17k cash investment doubles in ~6 years — after that, you're playing with house money.

Negotiation context

• It's been on market 27 days — a 2% lower offer ($59k) is reasonable based on typical stale-listing flexibility.
• 14 sale attempts since 20y ago; this cycle's ask has dropped $5k (8%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $12k; list at $60k implies a 399% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1952 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $59,001 (1.5% below list)

Questions for the listing agent

1. Built in 1952 — 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: 1.49% ✓
• Cap rate: 12.15%
• Cash-on-cash: 20.90%
• DSCR: 1.93
• GRM: 5.6

CMA / ARV

• ARV (on-the-fly): $61,380
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2214 Mack Ave	0.18mi	3/1.0 (+1)	1,008 (+2%)	6mo	$26,500	$26	78
2331 Welch Blvd	0.19mi	3/1.0 (+1)	912 (-8%)	7mo	$69,900	$77	67
2613 Brownell Blvd	0.30mi	3/1.0 (+1)	911 (-8%)	4mo	$78,000	$86	64
1818 Parkfront Dr	0.55mi	3/1.0 (+1)	972 (-2%)	4mo	$63,000	$65	63
2038 Copeman Blvd	0.41mi	3/1.0 (+1)	1,077 (+9%)	0mo	$67,000	$62	61
3210 Emerson St	0.24mi	3/1.5 (+1)	1,120 (+13%)	0mo	$86,500	$77	60
3432 Concord St	0.55mi	2/1.0	910 (-8%)	2mo	$47,000	$52	59
1705 W Pasadena Ave	0.63mi	3/1.5 (+1)	1,008 (+2%)	7mo	$9,000	$9	55
3384 Clement St	0.53mi	3/1.0 (+1)	1,080 (+9%)	1mo	$94,000	$87	54
3419 Leerda St	0.65mi	3/1.0 (+1)	938 (-5%)	4mo	$25,500	$27	52
3143 Maywood Dr	0.73mi	3/1.0 (+1)	882 (-11%)	1mo	$35,000	$40	42
3819 Brownell Blvd	0.75mi	3/1.0 (+1)	1,137 (+15%)	5mo	$69,900	$61	31

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: 13.3%
• Equity multiple: 1.53×
• Total profit: $8,910
• Equity at exit: $8,931

10-year hold

• IRR: 22.2%
• Equity multiple: 2.89×
• Total profit: $31,762
• Equity at exit: $5,179

Cash invested: $16,772 (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: 5.6×

Monthly cashflow live

• Estimated rent: $890 high
• Mortgage (P&I): −$314
• Tax from tax record: −$72 /mo · $859/yr
• Insurance: −$25
• HOA: −$0
• Vacancy / Maint / Mgmt: −$187
• Net cashflow: $292

Break-even live

Break-even rent $520

Max offer price $59,900

Occupancy floor 62%

Sensitivity live

Price	-10% $326	-5% $309	+0% $292	+5% $275	+10% $258
Rent	-10% $222	-5% $257	+0% $292	+5% $327	+10% $362
Rate	-1.0pp $322	-0.5pp $307	base $292	+0.5pp $277	+1.0pp $261

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: $14,975
• Closing costs: $1,797
• Reserves months: —
• Total cash needed: —

Rent comps 10 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
3506 Brownell Blvd Flint, MI	2.0	1.0	600	$825	$1.38	14d	1	0.60mi
3221 Burgess St Flint, MI	2.0	1.0	755	$875	$1.16	21d	1	0.68mi
2410 Gena Ann Ln Flint, MI	3.0	2.0	960	$895	$0.93	45d	1	0.69mi
2410 Gena Ann Ln Unit GEN2410 Flint, MI	3.0	2.0	960	$895	$0.93	44d	1	0.69mi
2419 Gena Ann Ln Unit GEN2419 Flint, MI	3.0	2.0	960	$895	$0.93	44d	1	0.72mi
2462 Gena Ann Ln Unit GEN2462 Flint, MI	3.0	2.0	960	$895	$0.93	44d	1	0.73mi
3376 Preston Pl Unit PRE3376 Flint, MI	3.0	2.0	960	$895	$0.93	44d	1	0.75mi
3616 Concord St Unit CON3616 Flint, MI	3.0	2.0	960	$895	$0.93	44d	1	0.78mi
2332 Fredonia Ave Unit FRE2332 Flint, MI	3.0	2.0	960	$895	$0.93	44d	1	0.82mi
711 W Dewey St Flint, MI	3.0	1.0	1011	$925	$0.91	21d	1	1.07mi

Listing history 45 events

1. 2026-06-18
   days on market $59,900 Active 27 DOM
2. 2026-06-17
   days on market $59,900 Active 26 DOM
3. 2026-06-16
   days on market $59,900 Active 25 DOM
4. 2026-06-15
   days on market $59,900 Active 24 DOM
5. 2026-06-14
   days on market $59,900 Active 22 DOM
6. 2026-06-13
   days on market $59,900 Active 21 DOM
7. 2026-06-10
   days on market $59,900 Active 19 DOM
8. 2026-06-09
   days on market $59,900 Active 18 DOM
9. 2026-06-08
   days on market $59,900 Active 17 DOM
10. 2026-06-07
    days on market $59,900 Active 16 DOM
11. 2026-06-05
    days on market $59,900 Active 13 DOM
12. 2026-06-02
    days on market $59,900 Active 11 DOM
13. 2026-06-01
    days on market $59,900 Active 10 DOM
14. 2026-05-31
    price $59,900 Active 9 DOM
15. 2026-05-31
    days on market $64,900 Active 9 DOM
16. 2026-05-30
    days on market $64,900 Active 8 DOM
17. 2026-05-22
    listed $64,900 Active

    Show marketing remark (195 chars)

    Great two bedroom ranch freshly painted with new carpet in bedrooms and Living room. Good size garage, fenced in yard and a full basement. 2 year old furnace abd water heater with 6 year old roof

18. 2026-05-22
    listed $64,900 Active 195-char remark

    Show marketing remark (195 chars)

    Great two bedroom ranch freshly painted with new carpet in bedrooms and Living room. Good size garage, fenced in yard and a full basement. 2 year old furnace abd water heater with 6 year old roof

19. 2020-01-31
    soldstatus $12,000 Sold 172-char remark

    Show marketing remark (172 chars)

    GREAT STARTER! Charming ranch with 2 bedrooms & full bath. Located on a nice sized lot. Convenient location - easy access to shopping, schools & expressways, .

20. 2020-01-31
    soldstatus $12,000 Closed

    Show marketing remark (172 chars)

    GREAT STARTER! Charming ranch with 2 bedrooms & full bath. Located on a nice sized lot. Convenient location - easy access to shopping, schools & expressways, .

21. 2019-12-17
    status Pending

    Show marketing remark (172 chars)

    GREAT STARTER! Charming ranch with 2 bedrooms & full bath. Located on a nice sized lot. Convenient location - easy access to shopping, schools & expressways, .

22. 2019-12-17
    status Pending 172-char remark

    Show marketing remark (172 chars)

    GREAT STARTER! Charming ranch with 2 bedrooms & full bath. Located on a nice sized lot. Convenient location - easy access to shopping, schools & expressways, .

23. 2019-12-10
    status Active

    Show marketing remark (172 chars)

    GREAT STARTER! Charming ranch with 2 bedrooms & full bath. Located on a nice sized lot. Convenient location - easy access to shopping, schools & expressways, .

24. 2019-12-10
    status Active 172-char remark

    Show marketing remark (172 chars)

    GREAT STARTER! Charming ranch with 2 bedrooms & full bath. Located on a nice sized lot. Convenient location - easy access to shopping, schools & expressways, .

25. 2019-12-10
    status Pending

    Show marketing remark (172 chars)

    GREAT STARTER! Charming ranch with 2 bedrooms & full bath. Located on a nice sized lot. Convenient location - easy access to shopping, schools & expressways, .

26. 2019-12-09
    status Pending 172-char remark

    Show marketing remark (172 chars)

    GREAT STARTER! Charming ranch with 2 bedrooms & full bath. Located on a nice sized lot. Convenient location - easy access to shopping, schools & expressways, .

27. 2019-12-08
    status Active

    Show marketing remark (172 chars)

    GREAT STARTER! Charming ranch with 2 bedrooms & full bath. Located on a nice sized lot. Convenient location - easy access to shopping, schools & expressways, .

28. 2019-12-08
    status Active 172-char remark

    Show marketing remark (172 chars)

    GREAT STARTER! Charming ranch with 2 bedrooms & full bath. Located on a nice sized lot. Convenient location - easy access to shopping, schools & expressways, .

29. 2019-11-20
    status Pending

    Show marketing remark (172 chars)

    GREAT STARTER! Charming ranch with 2 bedrooms & full bath. Located on a nice sized lot. Convenient location - easy access to shopping, schools & expressways, .

30. 2019-11-20
    status Pending 172-char remark

    Show marketing remark (172 chars)

    GREAT STARTER! Charming ranch with 2 bedrooms & full bath. Located on a nice sized lot. Convenient location - easy access to shopping, schools & expressways, .

31. 2019-11-14
    listed $14,900 Active 172-char remark

    Show marketing remark (172 chars)

    GREAT STARTER! Charming ranch with 2 bedrooms & full bath. Located on a nice sized lot. Convenient location - easy access to shopping, schools & expressways, .

32. 2019-11-14
    listed $14,900 Active

    Show marketing remark (172 chars)

    GREAT STARTER! Charming ranch with 2 bedrooms & full bath. Located on a nice sized lot. Convenient location - easy access to shopping, schools & expressways, .

33. 2012-05-08
    historical
34. 2012-05-08
    historical
35. 2012-01-24
    listed $14,900
36. 2012-01-24
    listed $14,900
37. 2010-12-06
    historical
38. 2007-10-30
    soldstatus $44,000
39. 2007-10-30
    soldstatus $44,000
40. 2007-10-08
    historical
41. 2007-04-05
    listed $54,900
42. 2007-04-05
    listed $54,900
43. 2007-04-01
    historical
44. 2006-10-03
    listed $67,900
45. 2006-10-03
    listed $67,900

ⓘ 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: $859 · $72/mo
• Projected year-2 tax: $891 · $74/mo
• Expected delta: +$32/yr (+$3/mo · 3.7%)

ⓘ 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 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $10,675
• − Mortgage interest: −$3,355
• − Property taxes: −$859
• − Insurance: −$300
• − Repairs & maintenance: −$854
• − Management: −$854
• − Depreciation: −$1,743
• Taxable income: $2,711
• Est. tax owed @ 24.0%: −$651
• After-tax cash flow: $2,855/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: Carman-Ainsworth Community Schools
• NCES district ID: 2607890
• Math proficiency: 12% ▼ -14.00%
• Reading proficiency: 28% ▼ -8.00%
• Median HH income: $39,394
• Composite: 16.84/100
• National rank: #9149
• State rank: #468 of 540 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

• 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

-4.4% since first listed

29 events — show timeline

• 2026-05-22 Listed $64,900 MiRealSource-MiMLS
• 2026-05-22 Listed $64,900 REALCOMP
• 2020-01-31 Sold (MLS) $12,000 MiRealSource-MiMLS
• 2020-01-31 Sold (MLS) $12,000 REALCOMP
• 2019-12-17 Pending — MiRealSource-MiMLS
• 2019-12-17 Pending — REALCOMP
• 2019-12-10 Relisted — MiRealSource-MiMLS
• 2019-12-10 Relisted — REALCOMP
• 2019-12-10 Pending — MiRealSource-MiMLS
• 2019-12-09 Pending — REALCOMP
• 2019-12-08 Relisted — MiRealSource-MiMLS
• 2019-12-08 Relisted — REALCOMP
• 2019-11-20 Pending — MiRealSource-MiMLS
• 2019-11-20 Pending — REALCOMP
• 2019-11-14 Listed $14,900 MiRealSource-MiMLS
• 2019-11-14 Listed $14,900 REALCOMP
• 2012-05-08 Listing Removed — REALCOMP
• 2012-05-08 Listing Removed — MiRealSource-MiMLS
• 2012-01-24 Listed $14,900 REALCOMP
• 2012-01-24 Listed $14,900 MiRealSource-MiMLS
• 2010-12-06 Listing Removed — REALCOMP
• 2007-10-30 Sold (MLS) $44,000 MiRealSource-MiMLS
• 2007-10-30 Sold (MLS) $44,000 REALCOMP
• 2007-10-08 Listing Removed — MiRealSource-MiMLS
• 2007-04-05 Listed $54,900 MiRealSource-MiMLS
• 2007-04-05 Listed $54,900 REALCOMP
• 2007-04-01 Listing Removed — MiRealSource-MiMLS
• 2006-10-03 Listed $67,900 MiRealSource-MiMLS
• 2006-10-03 Listed $67,900 REALCOMP

Property tax history

+3.2%/yr

Latest (2025): $859 · +3.1% YoY. Source: county tax records.