600 Arizona Blvd · Three Rivers, MI 49093

$309,900

4 bd · 2.5 ba · 1,882 sqft · SingleFamily · 58 Days on market

Built 2026 0.41 ac lot $165/sqft · at area comps Est $297k · at est. $32/mo HOA · 1% of rent

---

Why this score? — see what drove the D- 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 +14.1/30.0
• ARV discount +5.6/15.0
• DSCR +4.3/10.0
• Schools +3.5/10.0
• Livability +3.5/5.0
• 1% rule +2.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

New construction home in Meadowbrook Farms West, located in Three Rivers school district. This traditional two-story home offers 1,882 sqft of thoughtfully designed living space with 4 bedrooms and 2.5 baths, blending everyday comfort with timeless style. The great room is positioned at the front of the home, welcoming you in with natural light and a space that feels inviting from the moment you enter. Just beyond the kitchen, a dedicated dining nook with sliding glass doors offers a bright, inviting space for everyday meals, conversation, quiet mornings and access to the backyard. The modern kitchen is equipped with white cabinetry, quartz countertops, tile backsplash, and stainless-steel appliances with refrigerator. Upstairs, all four bedrooms are thoughtfully arranged for privacy, including a spacious primary suite with a private bath and walk-in closet that feels like a personal retreat. The home includes a 10x10 patio to the backyard, creating the perfect space for outdoordining, entertaining, or relaxing while seamlessly extending your living space for easy indoor-outdoor living. With energy-efficient construction and a layout designed for flow and flexibility, this home offers a space that simply feels good to come home to. RESNET energy smart construction will save an estimated $1,195 annually. Actual savings may vary. See HERS?? Rating Certificate and Energy Smart Flyer for details. Home includes a 10-year structural warranty, offering lasting peace of mind. Contact our team to schedule your private tour today!

Key facts

• 10x10 patio
• Modern kitchen
• 0.41 acre lot

Tags

• NEW CONSTRUCTION HOME
• DEDICATED DINING NOOK
• MODERN KITCHEN
• 10X10 PATIO
• ENERGY EFFICIENT CONSTRUCTION
• 10 YEAR STRUCTURAL WARRANTY

What this means for you Summary

Snapshot

• This is a 4-bed/2.5-bath single-family listed at $310k.

Deal economics

• At list price, monthly cash flow is $46 ($546/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $240k (22.7% below list).
• Recommended offer: $240k (22.7% below list) — sets the bar for 1% rule.
• Cap rate 6.5% vs local median 5.2% in Three Rivers — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 70/100 on livability (#306 in MI) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools D+, crime D, amenities F.
• Three Rivers Community Schools (town): math 37% / reading 45% proficiency, ranked #200 of 540 in MI (top 37%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 178 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 125 units permitted in St. Joseph County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.
• St. Joseph County population projected at -16% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.

Negotiation context

• It's been on market 58 days — a 3% lower offer ($301k) is reasonable based on typical stale-listing flexibility.
• 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.

Recommended offer $239,500 (22.7% below list)

Questions for the listing agent

1. It's been on market 58 days. Have you received any prior offers? Is the seller open to a 23% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are D-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 D 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. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 0.77% ✗
• Cap rate: 6.47%
• Cash-on-cash: 0.63%
• DSCR: 1.03
• GRM: 10.8

CMA / ARV

• ARV (median comp): $297,197
• List price: $309,900
• Delta: 4.27%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
606 Arizona Blvd	0.05mi	4/2.5	1,882 (0%)	2mo	$289,900	$154	96
602 Arizona Blvd	0.02mi	4/2.5	1,882 (0%)	7mo	$299,900	$159	93
604 Arizona Blvd	0.03mi	4/2.5	1,830 (-3%)	4mo	$284,900	$156	91
608 Arizona Blvd	0.06mi	4/2.5	1,909 (+1%)	7mo	$289,900	$152	89
611 Arizona Blvd	0.08mi	4/2.5	1,882 (0%)	11mo	$289,900	$154	87
612 Arizona Blvd	0.08mi	4/2.5	1,830 (-3%)	11mo	$295,230	$161	82
1212 Pine St	0.02mi	4/2.0	2,072 (+10%)	2mo	$284,900	$138	78
610 Arizona Blvd	0.07mi	4/2.0	2,072 (+10%)	9mo	$294,900	$142	70
614 Arizona Blvd	0.10mi	4/2.0	2,072 (+10%)	11mo	$294,900	$142	67
1210 Pine St	0.03mi	3/3.0 (-1)	2,129 (+13%)	4mo	$343,130	$161	66
614 Walnut St	0.58mi	4/2.0	2,002 (+6%)	5mo	$255,000	$127	56
1006 N Main St	0.40mi	3/1.5 (-1)	1,692 (-10%)	10mo	$120,000	$71	47

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: -15.4%
• Equity multiple: 0.45×
• Total profit: $-47,464
• Equity at exit: $46,207

10-year hold

• IRR: -6.9%
• Equity multiple: 0.56×
• Total profit: $-38,189
• Equity at exit: $26,794

Cash invested: $86,772 (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 49093

• Active inventory: 178
• Price-to-rent: 10.8×

Monthly cashflow live

• Estimated rent: $2,395 medium
• Mortgage (P&I): −$1,625
• Tax from tax record: −$60 /mo · $723/yr
• Insurance: −$129
• HOA: −$32
• Vacancy / Maint / Mgmt: −$503
• Net cashflow: $46

Break-even live

Break-even rent $2,337

Max offer price $309,900

Occupancy floor 93%

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: $77,475
• Closing costs: $9,297
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1645 Garfield Three Rivers, MI	4.0	2.5	1810	$2,395	$1.32	21d	1	0.35mi

HOA detail

• Monthly dues: $32 · $384/yr

Listing history 6 events

1. 2026-05-07
   status Pending 1546-char remark

   Show marketing remark (1546 chars)

   New construction home in Meadowbrook Farms West, located in Three Rivers school district. This traditional two-story home offers 1,882 sqft of thoughtfully designed living space with 4 bedrooms and 2.5 baths, blending everyday comfort with timeless style. The great room is positioned at the front of the home, welcoming you in with natural light and a space that feels inviting from the moment you enter. Just beyond the kitchen, a dedicated dining nook with sliding glass doors offers a bright, inviting space for everyday meals, conversation, quiet mornings and access to the backyard. The modern kitchen is equipped with white cabinetry, quartz countertops, tile backsplash, and stainless-steel appliances with refrigerator. Upstairs, all four bedrooms are thoughtfully arranged for privacy, including a spacious primary suite with a private bath and walk-in closet that feels like a personal retreat. The home includes a 10x10 patio to the backyard, creating the perfect space for outdoordining, entertaining, or relaxing while seamlessly extending your living space for easy indoor-outdoor living. With energy-efficient construction and a layout designed for flow and flexibility, this home offers a space that simply feels good to come home to. RESNET energy smart construction will save an estimated $1,195 annually. Actual savings may vary. See HERS?? Rating Certificate and Energy Smart Flyer for details. Home includes a 10-year structural warranty, offering lasting peace of mind. Contact our team to schedule your private tour today!

2. 2026-05-06
   status Pending 993-char remark

   Show marketing remark (993 chars)

   New construction home in Meadowbrook Farms West, located in Three Rivers school district. This traditional two-story home offers 1,882 sqft of thoughtfully designed living space with 4 bedrooms and 2.5 baths, blending everyday comfort with timeless style. The great room is positioned at the front of the home, welcoming you in with natural light and a space that feels inviting from the moment you enter. Just beyond the kitchen, a dedicated dining nook with sliding glass doors offers a bright, inviting space for everyday meals, conversation, quiet mornings and access to the backyard. The modern kitchen is equipped with white cabinetry, quartz countertops, tile backsplash, and stainless-steel appliances with refrigerator. Upstairs, all four bedrooms are thoughtfully arranged for privacy, including a spacious primary suite with a private bath and walk-in closet that feels like a personal retreat. The home includes a 10x10 patio to the backyard, creating the perfect space for outdoor

3. 2026-05-06
   status Pending

   Show marketing remark (993 chars)

   New construction home in Meadowbrook Farms West, located in Three Rivers school district. This traditional two-story home offers 1,882 sqft of thoughtfully designed living space with 4 bedrooms and 2.5 baths, blending everyday comfort with timeless style. The great room is positioned at the front of the home, welcoming you in with natural light and a space that feels inviting from the moment you enter. Just beyond the kitchen, a dedicated dining nook with sliding glass doors offers a bright, inviting space for everyday meals, conversation, quiet mornings and access to the backyard. The modern kitchen is equipped with white cabinetry, quartz countertops, tile backsplash, and stainless-steel appliances with refrigerator. Upstairs, all four bedrooms are thoughtfully arranged for privacy, including a spacious primary suite with a private bath and walk-in closet that feels like a personal retreat. The home includes a 10x10 patio to the backyard, creating the perfect space for outdoor

4. 2026-03-09
   listed $309,900 Active 1546-char remark

   Show marketing remark (993 chars)

   New construction home in Meadowbrook Farms West, located in Three Rivers school district. This traditional two-story home offers 1,882 sqft of thoughtfully designed living space with 4 bedrooms and 2.5 baths, blending everyday comfort with timeless style. The great room is positioned at the front of the home, welcoming you in with natural light and a space that feels inviting from the moment you enter. Just beyond the kitchen, a dedicated dining nook with sliding glass doors offers a bright, inviting space for everyday meals, conversation, quiet mornings and access to the backyard. The modern kitchen is equipped with white cabinetry, quartz countertops, tile backsplash, and stainless-steel appliances with refrigerator. Upstairs, all four bedrooms are thoughtfully arranged for privacy, including a spacious primary suite with a private bath and walk-in closet that feels like a personal retreat. The home includes a 10x10 patio to the backyard, creating the perfect space for outdoor

5. 2026-03-09
   listed $309,900 Active 993-char remark

   Show marketing remark (993 chars)

   New construction home in Meadowbrook Farms West, located in Three Rivers school district. This traditional two-story home offers 1,882 sqft of thoughtfully designed living space with 4 bedrooms and 2.5 baths, blending everyday comfort with timeless style. The great room is positioned at the front of the home, welcoming you in with natural light and a space that feels inviting from the moment you enter. Just beyond the kitchen, a dedicated dining nook with sliding glass doors offers a bright, inviting space for everyday meals, conversation, quiet mornings and access to the backyard. The modern kitchen is equipped with white cabinetry, quartz countertops, tile backsplash, and stainless-steel appliances with refrigerator. Upstairs, all four bedrooms are thoughtfully arranged for privacy, including a spacious primary suite with a private bath and walk-in closet that feels like a personal retreat. The home includes a 10x10 patio to the backyard, creating the perfect space for outdoor

6. 2026-03-09
   listed $309,900 Active

   Show marketing remark (993 chars)

   New construction home in Meadowbrook Farms West, located in Three Rivers school district. This traditional two-story home offers 1,882 sqft of thoughtfully designed living space with 4 bedrooms and 2.5 baths, blending everyday comfort with timeless style. The great room is positioned at the front of the home, welcoming you in with natural light and a space that feels inviting from the moment you enter. Just beyond the kitchen, a dedicated dining nook with sliding glass doors offers a bright, inviting space for everyday meals, conversation, quiet mornings and access to the backyard. The modern kitchen is equipped with white cabinetry, quartz countertops, tile backsplash, and stainless-steel appliances with refrigerator. Upstairs, all four bedrooms are thoughtfully arranged for privacy, including a spacious primary suite with a private bath and walk-in closet that feels like a personal retreat. The home includes a 10x10 patio to the backyard, creating the perfect space for outdoor

ⓘ 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: $723 · $60/mo
• Projected year-2 tax: $2,748 · $229/mo
• Expected delta: +$2,025/yr (+$169/mo · 279.9%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Taxation est. · year 1

• Rental income: $28,740
• − Mortgage interest: −$17,359
• − Property taxes: −$723
• − Insurance: −$1,550
• − Repairs & maintenance: −$2,299
• − Management: −$2,299
• − HOA: −$384
• − Depreciation: −$9,015
• Taxable loss: −$4,890
• Est. tax savings @ 24.0%: +$1,174
• After-tax cash flow: $1,720/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: Three Rivers Community Schools
• NCES district ID: 2633840
• Math proficiency: 37% ▲ 1.00%
• Reading proficiency: 45% ▼ -3.00%
• Median HH income: $46,576
• Composite: 34.97/100
• National rank: #5058
• State rank: #200 of 540 in MI

Livability — Three Rivers

• Score: 70/100
• State rank: #306
• US rank: #7604

Category grades

Amenities F Commute F Cost of living A+ Crime D Employment F Housing A+ Health & safety A+ User ratings C-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Three Rivers, MI
• Population (ZIP): 18,439

Population outlook (St. Joseph County) Hauer SSP2

• Today (2025): 58,726 people
• By 2030: 57,030 · -2.9%
• By 2040: 53,266 · -9.3%
• By 2050: 49,343 · -16.0%
• By 2075: 40,441 · -31.1%
• By 2100: 31,981 · -45.5%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (84%)
• Race & ethnicity: White 84% Two or more races 8% Hispanic / Latino 5% Black 5%
• Hispanic origin (detail): Mexican 4%
• Common ancestry: Italian 11% Iranian 5% Romanian 3%
• Foreign-born: 2% · Canada
• Languages at home: 95% English-only · Spanish 3% Other Indo-European 1%

Political lean MEDSL · St. Joseph

• 2024 margin: Solid R (+34.0) · D 32.2% · R 66.2% · Other 1.5%
• 2008→2024 swing: -31.8pp toward R · 2008: -2.2pp · 2024: -34.0pp
• All cycles: 2024: R+34.0 2020: R+31.7 2016: R+31.0 2012: R+12.3 2008: R+2.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -159.07%
• Current HPI: 226.5079
• 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

+0.0% since first listed

6 events — show timeline

• 2026-05-07 Pending — REALCOMP
• 2026-05-06 Pending — MiRealSource-MiMLS
• 2026-05-06 Pending — SW Michigan MLS
• 2026-03-09 Listed $309,900 REALCOMP
• 2026-03-09 Listed $309,900 SW Michigan MLS
• 2026-03-09 Listed $309,900 MiRealSource-MiMLS

Property tax history

-36.9%/yr

Latest (2025): $723 · -36.9% YoY. Source: county tax records.