2002 Marquette St · Saginaw, MI 48602

$79,000

3 bd · 1.0 ba · 1,194 sqft · SingleFamily public records · 99 Days on market

Built 1951 5,663 sqft lot Est $87k · 9% under

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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 +26.5/30.0
• ARV discount +11.7/15.0
• DSCR +9.1/10.0
• 1% rule +8.0/10.0
• Rent growth +3.5/5.0
• Livability +3.2/5.0
• Condition / age +2.5/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to this well-maintained 3-bedroom, 1-bath home situated on a corner lot with a fenced-in yard, perfect for added privacy and outdoor enjoyment. The home features an attached garage for convenient parking and storage, along with spacious closets and a handy laundry chute. Recent updates include a new roof installed in 2022 and a fully updated bathroom in 2025. With its manageable size, great layout, and recent improvements, this home is an excellent option for first-time home buyers. It also presents a strong investment opportunity with consistent rental income. Schedule your showing today!

Key facts

• Laundry chute
• Attached garage
• Spacious closets

Tags

• CORNER LOT
• FENCED-IN YARD
• ATTACHED GARAGE
• SPACIOUS CLOSETS
• LAUNDRY CHUTE
• NEW ROOF

Property features AI

Finance

• HOA & community: Homeowners association present

Exterior

• Parking: Attached garage with about 1.5 spaces
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One-story
• Construction: Aluminum and vinyl siding
• Exterior features: Lot approximately 50 x 120

Interior

• Kitchen: Oven, Refrigerator, Range
• Flooring: Hardwood
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Natural gas heating; No central cooling
• Interior features: Oven, Refrigerator, Range; Hardwood flooring; Basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $79k.

Deal economics

• At list price, monthly cash flow is $210 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $79k).
• Recommended offer: $72k (9.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 63/100 on livability (#521 in MI) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools F, crime F, amenities F.
• Saginaw School District (urban): math 20% / reading 29% proficiency, ranked #444 of 540 in MI (top 82%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 76% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+4.0%/yr); 250 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 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 $546 of loan paydown is wiped out by about $2k 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.
• At projected returns (-3.0% appreciation + 4.0% rent growth), your $22k cash investment doubles in ~9 years — after that, you're playing with house money.

Negotiation context

• It's been on market 99 days — a 9% lower offer ($72k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 17y ago; this cycle's ask has dropped $6k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $15k; list at $79k implies a 430% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1951 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $71,890 (9.0% below list)

Questions for the listing agent

1. It's been on market 99 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
2. Built in 1951 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.30% ✓
• Cap rate: 9.48%
• Cash-on-cash: 11.37%
• DSCR: 1.51
• GRM: 6.4

CMA / ARV

• ARV (on-the-fly): $87,162
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
202 S Wheeler St	0.22mi	3/1.0	1,228 (+3%)	2mo	$96,900	$79	83
819 Grove St	0.26mi	3/1.0	1,298 (+9%)	3mo	$85,000	$65	70
1 Southlawn Ct	0.27mi	3/1.0	1,090 (-9%)	4mo	$116,900	$107	70
1843 Kendrick St	0.42mi	3/1.0	1,296 (+8%)	4mo	$47,000	$36	63
1521 Chestnut St	0.43mi	3/1.5	1,118 (-6%)	6mo	$102,000	$91	63
1811 Allegan St	0.39mi	3/1.0	1,316 (+10%)	3mo	$70,000	$53	62
1830 Jordan St	0.34mi	3/2.0	1,095 (-8%)	7mo	$80,000	$73	60
2116 W Michigan Ave	0.69mi	3/1.0	1,159 (-3%)	4mo	$125,000	$108	59
1430 Marquette St	0.51mi	3/1.0	1,301 (+9%)	5mo	$30,000	$23	57
1013 Maple St	0.42mi	3/1.0	1,034 (-13%)	2mo	$66,000	$64	56
1757 Burnham Dr	0.57mi	4/1.0 (+1)	1,097 (-8%)	2mo	$63,000	$57	53
1511 Osborn St	0.71mi	2/1.0 (-1)	1,041 (-13%)	1mo	$90,000	$86	40

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 · 3.98% rent growth · sell at horizon

5-year hold

• IRR: 1.9%
• Equity multiple: 1.07×
• Total profit: $1,623
• Equity at exit: $11,779

10-year hold

• IRR: 12.5%
• Equity multiple: 2.04×
• Total profit: $23,089
• Equity at exit: $6,830

Cash invested: $22,120 (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 48602

• Home prices YoY: -19.7%
• Rents YoY: 4.0%
• Active inventory: 250
• Price-to-rent: 6.4×

Monthly cashflow live

• Estimated rent: $1,027 medium
• Mortgage (P&I): −$414
• Tax from tax record: −$155 /mo · $1,854/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$216
• Net cashflow: $210

Break-even live

Break-even rent $762

Max offer price $79,000

Occupancy floor 75%

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: $19,750
• Closing costs: $2,370
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1827 Gilbert St Saginaw, MI	3.0	2.0	1008	$695	$0.69	43d	1	0.86mi
2021 Grout St Saginaw, MI	1.0–2.0	1.0	862	$995	$1.15	43d	1	0.97mi

Listing history 25 events

1. 2026-06-14
   days on market $79,000 Active 99 DOM
2. 2026-06-12
   days on market $79,000 Active 98 DOM
3. 2026-06-09
   days on market $79,000 Active 95 DOM
4. 2026-06-08
   days on market $79,000 Active 94 DOM
5. 2026-06-07
   days on market $79,000 Active 93 DOM
6. 2026-06-05
   days on market $79,000 Active 90 DOM
7. 2026-06-03
   days on market $79,000 Active 89 DOM
8. 2026-06-02
   days on market $79,000 Active 88 DOM
9. 2026-06-01
   days on market $79,000 Active 87 DOM
10. 2026-05-31
    days on market $79,000 Active 86 DOM
11. 2026-05-30
    days on market $79,000 Active 85 DOM
12. 2026-04-21
    price $79,000 604-char remark

    Show marketing remark (604 chars)

    Welcome to this well-maintained 3-bedroom, 1-bath home situated on a corner lot with a fenced-in yard, perfect for added privacy and outdoor enjoyment. The home features an attached garage for convenient parking and storage, along with spacious closets and a handy laundry chute. Recent updates include a new roof installed in 2022 and a fully updated bathroom in 2025. With its manageable size, great layout, and recent improvements, this home is an excellent option for first-time home buyers. It also presents a strong investment opportunity with consistent rental income. Schedule your showing today!

13. 2026-04-20
    price $79,000
14. 2026-03-06
    listed $85,000 Active 604-char remark

    Show marketing remark (604 chars)

    Welcome to this well-maintained 3-bedroom, 1-bath home situated on a corner lot with a fenced-in yard, perfect for added privacy and outdoor enjoyment. The home features an attached garage for convenient parking and storage, along with spacious closets and a handy laundry chute. Recent updates include a new roof installed in 2022 and a fully updated bathroom in 2025. With its manageable size, great layout, and recent improvements, this home is an excellent option for first-time home buyers. It also presents a strong investment opportunity with consistent rental income. Schedule your showing today!

15. 2026-03-06
    listed $85,000 Active

    Show marketing remark (604 chars)

    Welcome to this well-maintained 3-bedroom, 1-bath home situated on a corner lot with a fenced-in yard, perfect for added privacy and outdoor enjoyment. The home features an attached garage for convenient parking and storage, along with spacious closets and a handy laundry chute. Recent updates include a new roof installed in 2022 and a fully updated bathroom in 2025. With its manageable size, great layout, and recent improvements, this home is an excellent option for first-time home buyers. It also presents a strong investment opportunity with consistent rental income. Schedule your showing today!

16. 2026-02-25
    historical
17. 2026-02-25
    historical
18. 2026-01-31
    listed $85,000 Active
19. 2026-01-31
    listed $85,000 Active
20. 2009-06-16
    soldstatus $14,900
21. 2009-06-16
    soldstatus $14,900
22. 2009-05-18
    historical
23. 2009-03-13
    listed $14,900
24. 2009-03-13
    listed $14,900
25. 2007-12-19
    soldstatus $59,000

ⓘ 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: $1,854 · $155/mo
• Projected year-2 tax: $1,854 · $155/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,324
• − Mortgage interest: −$4,425
• − Property taxes: −$1,854
• − Insurance: −$395
• − Repairs & maintenance: −$986
• − Management: −$986
• − Depreciation: −$2,298
• Taxable income: $1,380
• Est. tax owed @ 24.0%: −$331
• After-tax cash flow: $2,185/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: Saginaw School District
• NCES district ID: 2630390
• Math proficiency: 20% ▼ -5.00%
• Reading proficiency: 29% ▼ -3.00%
• Median HH income: $28,940
• Composite: 19.6/100
• National rank: #8755
• State rank: #444 of 540 in MI

Livability — Saginaw

• Score: 63/100
• State rank: #521
• US rank: #15424

Category grades

Amenities F Commute F 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: Saginaw, MI
• County: Saginaw County · 54,884 people
• City population: 54,884
• Metro: Saginaw, MI
• Population (ZIP): 27,127
• Household income: $46,984
• Rent vs Own: 35.8% rent · 64.2% own
• Severe rent burden: 1416.0

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: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: White 50% Black 27% Hispanic / Latino 17% Two or more races 12%
• Hispanic origin (detail): Mexican 14% Puerto Rican 1%
• Common ancestry: Romanian 4% Lithuanian 3% Italian 2%
• Foreign-born: 1% · Canada
• Languages at home: 96% English-only · Spanish 3%

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: ▼ -39.15%
• Current HPI: 159.8807
• Rent YoY: ▲ 3.98%
• Metro: Saginaw, 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

+33.9% since first listed

14 events — show timeline

• 2026-04-21 Price Changed $79,000 MiRealSource-MiMLS
• 2026-04-20 Price Changed $79,000 REALCOMP
• 2026-03-06 Listed $85,000 REALCOMP
• 2026-03-06 Listed $85,000 MiRealSource-MiMLS
• 2026-02-25 Listing Removed — REALCOMP
• 2026-02-25 Listing Removed — MiRealSource-MiMLS
• 2026-01-31 Listed $85,000 REALCOMP
• 2026-01-31 Listed $85,000 MiRealSource-MiMLS
• 2009-06-16 Sold (MLS) $14,900 MiRealSource-MiMLS
• 2009-06-16 Sold (MLS) $14,900 REALCOMP
• 2009-05-18 Listing Removed — MiRealSource-MiMLS
• 2009-03-13 Listed $14,900 MiRealSource-MiMLS
• 2009-03-13 Listed $14,900 REALCOMP
• 2007-12-19 Sold (Public Records) $59,000 Public Records

Property tax history

+0.3%/yr

Latest (2025): $1,854 · -9.4% YoY. Source: county tax records.