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1608 S Hamilton St, Saginaw, MI, 48602

2beds
2baths
964sqft
$62,000
$64price/sqft
$667/moest. monthly cost
$26,680/yrincome needed

About This Home

Great rental opportunity in the heart of Saginaw! This single-family home offers an affordable investment with steady rental income already in place. Featuring a functional layout with a spacious living area, updated carpet, and neutral tones throughout, this property is easy to maintain and appealing to tenants. The main level includes a generous living room, dining space, and an efficient kitchen with ample cabinet storage. Upstairs offers additional living space. deep lot with room for outdoor use. Conveniently located near local schools, parks, shopping, and major roadways, this home provides excellent long-term rental potential.

Getting Around

52
WalkingSomewhat Walkable
0
TransitVery Limited Transit
47
BikeSomewhat Bikeable

Schools

4/10
4/10
Arthur Hill High SchoolGrades 9-121.7 mi

Construction

Condition

  • Year built: 1874

Materials

  • Foundation: Basement
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Bungalow
  • Property subType: Single Family Residence

Interior

Basement

  • Has basement: Yes

Bathroom1

  • Level: Entry

Bathroom2

  • Level: Entry

Bedroom1

  • Level: Entry
  • Area: 168

Bedroom2

  • Level: Entry
  • Area: 168

Bedrooms & Bathrooms

  • Bedrooms: 2
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Finished area below ground: 0
  • Finished area above ground: 964

Heating

  • Heating features: Forced Air,Natural Gas

Interior Area

  • Total structure area: 1,928
  • Total interior livable area: 964 sqft

Kitchen

  • Area: 288

Property

Details

  • Parcel number: 91900665000000

Features

  • Levels: One and One Half
  • Stories: 1
  • Frontage type: Road
  • Frontage length: 128

Lot

  • Lot size: 4,356 sqft
  • Lot size dimensions: 7405

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Winter Weather
    Winter WeatherRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Cold Wave
Winter Weather
Inland Flooding
Strong Wind
Tornado

FEMA Declared Disasters in Saginaw County and Michigan

Severe Ice Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $313$3,756
Home Insurance *$97$1,164
Property Taxes $69$828
Electricity $188$2,259
Total$667$8,004
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$22,868/yr
40% on housing$20,010/yr
45% on housing$17,786/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 12.8%
12.8%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 1.2%
1.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$64This listing

vs Other Active Listings

Avg $/sqft

ZIP 48602$52
Saginaw County$85

vs Homes Sold Last Month

Median $/sqft

ZIP 48602$71
Saginaw County$108

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-01-26Price change$62,000
2025-12-01Listed for sale$67,000
2021-03-24Listing removed--
2019-05-21Listing removed$750
2019-05-15Listed for rent$750
2019-04-26Sold$21,000
2018-11-26Sold$6,250
2000-03-10Sold$26,000

For Sale by Agent

AgentTroy Schearer
BrokerageJPAR - Great Lakes Bay Region

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