17064 Atlantic Ave · Atlantic Mine, MI 49905

$85,250

4 bd · 1.0 ba · 1,180 sqft · SingleFamily public records · 14 Days on market

Built 1870

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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 +9.7/10.0
• ARV discount +7.5/15.0
• Schools +3.5/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Located in the convenient community of Atlantic Mine, Michigan this 3-bedroom, 1-bath home offers a fantastic opportunity for buyers looking to build equity or invest in a property with strong potential. Situated near popular snowmobile trails, this location is ideal for outdoor enthusiasts seeking year-round recreation right from their doorstep. The home features a functional layout with three bedrooms and a full bathroom, providing a solid foundation for renovation and personalization. While the property does require updates and repairs, it presents a great canvas for those with vision to restore and add value. Utilities will not be turned on for inspection. Bank Board approval required on all offers. A standout feature is the detached 2-car garage, offering ample storage for vehicles, recreational equipment, or workshop space—perfect for storing snowmobiles and gear during the winter months. Whether you’re an investor, handyman, or someone looking for an affordable home in a desirable area, this property is full of potential. Don’t miss the chance to make it your own in a sought-after location close to trails and all the amenities of the surrounding area. No offers prior to Monday May 11, 2026. Minimum of 72 hour response time on all offers.

Key facts

• Desirable area
• 0.25 acre lot
• 2 garage spots

Tags

• DETACHED 2-CAR GARAGE
• YEAR-ROUND RECREATION
• DESIRABLE AREA

Property features AI

Finance

• Other: Property is in foreclosure (special listing condition)

Exterior

• Parking: Detached 2-car garage
• Utilities: Electricity connected; Natural gas connected; Public water; Public sanitary sewer connected; Phone available; Electric water heater
• Home design: Residential 2-story; Built in 1870; Entry via city road frontage (road frontage reported)
• Construction: Cement siding construction; Michigan basement foundation; Roof information not provided
• Exterior features: Cement siding; No additional exterior features listed; Outbuilding: garage(s)

Interior

• Kitchen: Range/Oven
• Bedrooms: Bedroom 1 (second level) approximately 12 x 13; Bedroom 2 (second level) approximately 11 x 13; Bedroom 3 (second level) approximately 11 (width reported); Bedroom 4 (first level) approximately 13 x 11
• Bathrooms: Primary bathroom present; One full bathroom (total bathrooms: 1)
• Heating & cooling: Forced air heating; No central cooling
• Interior features: No notable interior features listed
• Laundry & utility: Basement present (Michigan-style basement)

🏢 Co-op / cooperative unit. The $85,250 price buys shares in the cooperative corporation, not the real estate itself — so it isn't comparable to a fee-simple sale price, and the cashflow / cap-rate / 1%-rule cards below (which assume you own the property and can rent it out) don't apply here. Expect board approval and a monthly maintenance fee on top of the price.

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $85k.

Deal economics

• At list price, monthly cash flow is $318 ($4k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $85k).

Location & tenants

• Location reads: area grade B — affects rentability + tenant quality, not the cash-flow math above.
• Adams Township School District (rural): math 41% / reading 43% proficiency, ranked #193 of 540 in MI (top 36%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 15 active listings in the ZIP; 111 units permitted in Houghton County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $590 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Houghton County population projected to shrink 10% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $24k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts 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.

Risks & watch-outs

• Watch-outs: property tax is 2.7% of price; built in 1870 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $85,250

Questions for the listing agent

1. Built in 1870 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
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: 1.47% ✓
• Cap rate: 10.77%
• Cash-on-cash: 16.00%
• DSCR: 1.71
• GRM: 5.7

CMA / ARV

• ARV (median comp): $211,173
• List price: $85,250
• Delta: -59.63%
• Verdict: UNDERPRICED
• Comps: 11 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
17203 Franklin Loop	0.30mi	3/1.5 (-1)	1,008 (-15%)	17mo	$165,000	$164	40
46766 Naumkeg St	0.73mi	3/2.0 (-1)	1,178 (-0%)	22mo	$110,000	$93	39
47482 Stratton Rd	0.61mi	3/1.5 (-1)	1,321 (+12%)	20mo	$400,000	$303	28

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: 7.0%
• Equity multiple: 1.27×
• Total profit: $6,528
• Equity at exit: $12,711

10-year hold

• IRR: 16.4%
• Equity multiple: 2.34×
• Total profit: $32,077
• Equity at exit: $7,371

Cash invested: $23,870 (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 49905

• Active inventory: 15
• Price-to-rent: 5.7×

Monthly cashflow live

• Estimated rent: $1,257 medium
• Mortgage (P&I): −$447
• Tax from tax record: −$192 /mo · $2,301/yr
• Insurance: −$36
• HOA: −$0
• Vacancy / Maint / Mgmt: −$264
• Net cashflow: $318

Break-even live

Break-even rent $854

Max offer price $85,250

Occupancy floor 70%

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: $21,312
• Closing costs: $2,558
• Reserves months: —
• Total cash needed: —

Listing history 6 events

1. 2026-05-18
   status Pending 1282-char remark

   Show marketing remark (1282 chars)

   Located in the convenient community of Atlantic Mine, Michigan this 3-bedroom, 1-bath home offers a fantastic opportunity for buyers looking to build equity or invest in a property with strong potential. Situated near popular snowmobile trails, this location is ideal for outdoor enthusiasts seeking year-round recreation right from their doorstep. The home features a functional layout with three bedrooms and a full bathroom, providing a solid foundation for renovation and personalization. While the property does require updates and repairs, it presents a great canvas for those with vision to restore and add value. Utilities will not be turned on for inspection. Bank Board approval required on all offers. A standout feature is the detached 2-car garage, offering ample storage for vehicles, recreational equipment, or workshop space—perfect for storing snowmobiles and gear during the winter months. Whether you’re an investor, handyman, or someone looking for an affordable home in a desirable area, this property is full of potential. Don’t miss the chance to make it your own in a sought-after location close to trails and all the amenities of the surrounding area. No offers prior to Monday May 11, 2026. Minimum of 72 hour response time on all offers.

2. 2026-05-18
   status Pending 1282-char remark

   Show marketing remark (1282 chars)

   Located in the convenient community of Atlantic Mine, Michigan this 3-bedroom, 1-bath home offers a fantastic opportunity for buyers looking to build equity or invest in a property with strong potential. Situated near popular snowmobile trails, this location is ideal for outdoor enthusiasts seeking year-round recreation right from their doorstep. The home features a functional layout with three bedrooms and a full bathroom, providing a solid foundation for renovation and personalization. While the property does require updates and repairs, it presents a great canvas for those with vision to restore and add value. Utilities will not be turned on for inspection. Bank Board approval required on all offers. A standout feature is the detached 2-car garage, offering ample storage for vehicles, recreational equipment, or workshop space—perfect for storing snowmobiles and gear during the winter months. Whether you’re an investor, handyman, or someone looking for an affordable home in a desirable area, this property is full of potential. Don’t miss the chance to make it your own in a sought-after location close to trails and all the amenities of the surrounding area. No offers prior to Monday May 11, 2026. Minimum of 72 hour response time on all offers.

3. 2026-05-04
   listed $85,250 Active 1282-char remark

   Show marketing remark (1282 chars)

   Located in the convenient community of Atlantic Mine, Michigan this 3-bedroom, 1-bath home offers a fantastic opportunity for buyers looking to build equity or invest in a property with strong potential. Situated near popular snowmobile trails, this location is ideal for outdoor enthusiasts seeking year-round recreation right from their doorstep. The home features a functional layout with three bedrooms and a full bathroom, providing a solid foundation for renovation and personalization. While the property does require updates and repairs, it presents a great canvas for those with vision to restore and add value. Utilities will not be turned on for inspection. Bank Board approval required on all offers. A standout feature is the detached 2-car garage, offering ample storage for vehicles, recreational equipment, or workshop space—perfect for storing snowmobiles and gear during the winter months. Whether you’re an investor, handyman, or someone looking for an affordable home in a desirable area, this property is full of potential. Don’t miss the chance to make it your own in a sought-after location close to trails and all the amenities of the surrounding area. No offers prior to Monday May 11, 2026. Minimum of 72 hour response time on all offers.

4. 2026-05-04
   listed $85,250 Active 1282-char remark

   Show marketing remark (1282 chars)

   Located in the convenient community of Atlantic Mine, Michigan this 3-bedroom, 1-bath home offers a fantastic opportunity for buyers looking to build equity or invest in a property with strong potential. Situated near popular snowmobile trails, this location is ideal for outdoor enthusiasts seeking year-round recreation right from their doorstep. The home features a functional layout with three bedrooms and a full bathroom, providing a solid foundation for renovation and personalization. While the property does require updates and repairs, it presents a great canvas for those with vision to restore and add value. Utilities will not be turned on for inspection. Bank Board approval required on all offers. A standout feature is the detached 2-car garage, offering ample storage for vehicles, recreational equipment, or workshop space—perfect for storing snowmobiles and gear during the winter months. Whether you’re an investor, handyman, or someone looking for an affordable home in a desirable area, this property is full of potential. Don’t miss the chance to make it your own in a sought-after location close to trails and all the amenities of the surrounding area. No offers prior to Monday May 11, 2026. Minimum of 72 hour response time on all offers.

5. 2026-05-04
   listed $85,250 Active

   Show marketing remark (1282 chars)

   Located in the convenient community of Atlantic Mine, Michigan this 3-bedroom, 1-bath home offers a fantastic opportunity for buyers looking to build equity or invest in a property with strong potential. Situated near popular snowmobile trails, this location is ideal for outdoor enthusiasts seeking year-round recreation right from their doorstep. The home features a functional layout with three bedrooms and a full bathroom, providing a solid foundation for renovation and personalization. While the property does require updates and repairs, it presents a great canvas for those with vision to restore and add value. Utilities will not be turned on for inspection. Bank Board approval required on all offers. A standout feature is the detached 2-car garage, offering ample storage for vehicles, recreational equipment, or workshop space—perfect for storing snowmobiles and gear during the winter months. Whether you’re an investor, handyman, or someone looking for an affordable home in a desirable area, this property is full of potential. Don’t miss the chance to make it your own in a sought-after location close to trails and all the amenities of the surrounding area. No offers prior to Monday May 11, 2026. Minimum of 72 hour response time on all offers.

6. 2005-09-01
   soldstatus $40,000

ⓘ 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: $2,301 · $192/mo
• Projected year-2 tax: $2,301 · $192/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 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 1/10 Low 7 d/yr ≥91°F today · 12 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $15,078
• − Mortgage interest: −$4,775
• − Property taxes: −$2,301
• − Insurance: −$426
• − Repairs & maintenance: −$1,206
• − Management: −$1,206
• − Depreciation: −$2,480
• Taxable income: $2,683
• Est. tax owed @ 24.0%: −$644
• After-tax cash flow: $3,175/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: Adams Township School District
• NCES district ID: 2601890
• Math proficiency: 41% ▼ -5.00%
• Reading proficiency: 43% ▼ -4.00%
• Median HH income: $42,880
• Composite: 35.47/100
• National rank: #4924
• State rank: #193 of 540 in MI

Livability — Atlantic Mine

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Census place: Atlantic Mine, MI
• Population (ZIP): 2,138

Population outlook (Houghton County) Hauer SSP2

• Today (2025): 35,073 people
• By 2030: 34,645 · -1.2%
• By 2040: 33,248 · -5.2%
• By 2050: 31,625 · -9.8%
• By 2075: 28,105 · -19.9%
• By 2100: 23,274 · -33.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (98%)
• Race & ethnicity: White 98% Hispanic / Latino 1%
• Common ancestry: Lithuanian 6% Italian 5% Romanian 5%
• Foreign-born: 1% · Canada

Political lean MEDSL · Houghton

• 2024 margin: R (+17.0) · D 40.7% · R 57.7% · Other 1.6%
• 2008→2024 swing: -13.1pp toward R · 2008: -3.9pp · 2024: -17.0pp
• All cycles: 2024: R+17.0 2020: R+14.2 2016: R+15.7 2012: R+10.2 2008: R+3.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -80.19%
• Current HPI: 143.9673
• 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

+127.9% since first listed

8 events — show timeline

• 2026-06-12 Sold (MLS) $91,150 UPAR
• 2026-06-12 Sold (MLS) $91,150 MiRealSource-MiMLS
• 2026-05-18 Pending — UPAR
• 2026-05-18 Pending — MiRealSource-MiMLS
• 2026-05-04 Listed $85,250 UPAR
• 2026-05-04 Listed $85,250 UPAR
• 2026-05-04 Listed $85,250 MiRealSource-MiMLS
• 2005-09-01 Sold (Public Records) $40,000 Public Records

Property tax history

+15.0%/yr

Latest (2025): $2,301 · +187.5% YoY. Source: county tax records.