552 Pine Ave NW · Grand Rapids, MI 49504

$130,000

3 bd · 1.0 ba · 1,312 sqft · SingleFamily public records · 14 Days on market

Built 1890 3,300 sqft lot ↓ 21% 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 +9.5/10.0
• ARV discount +7.5/15.0
• Livability +4.2/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Schools +1.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 552 Pine Ave. NW. Great investment. This home has three bedrooms. Two up and one on the main level. Bathroom on the main level. Basement is unfinished. The home has off street parking. Home has good bones just needs some love. Pre-seller the roof was completely striped with new 50-year shingles. Approx 19 years ago. Some windows have been replaced with a life- time warranty transferrable to new owner. The seller has not lived there for four years; Gas and electric are turned on water is on at the meter in the basement. Accepting cash offers onlybuy or buyer's agent to verify all information

Key facts

• New 50-year shingles
• Off street parking
• 3,300 sq ft lot

Tags

• OFF STREET PARKING
• NEW 50-YEAR SHINGLES
• WINDOWS WITH LIFETIME WARRANTY

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $130k.

Deal economics

• At list price, monthly cash flow is $612 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $130k).
• Cap rate 11.9% vs local median 4.5% in Grand Rapids — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 83/100 on livability (#44 in MI, #939 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: employment C-, crime F.
• Grand Rapids Public Schools (urban): math 15% / reading 29% proficiency, ranked #451 of 540 in MI (top 84%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 80% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+2.6%/yr); 153 active listings in the ZIP; 25 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 84% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,253 units permitted in Kent County in 2024 (969 in 5+ unit buildings).
• This rent runs 32% of the median local income ($70k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $899 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Kent County population projected at +22% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 2.6% rent growth), your $36k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• Only 14 days on market — expect competitive offers; lowballing is unlikely to land.
• 9 sale attempts; this cycle's ask has dropped $35k (21%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1890 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $130,000

Questions for the listing agent

1. Built in 1890 — 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. 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?
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: 1.45% ✓
• Cap rate: 11.94%
• Cash-on-cash: 20.18%
• DSCR: 1.90
• GRM: 5.7

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.64% rent growth · sell at horizon

5-year hold

• IRR: 12.0%
• Equity multiple: 1.47×
• Total profit: $17,262
• Equity at exit: $19,383

10-year hold

• IRR: 20.7%
• Equity multiple: 2.72×
• Total profit: $62,533
• Equity at exit: $11,240

Cash invested: $36,400 (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 49504

• Rents YoY: 2.6%
• Active inventory: 153
• Price-to-rent: 5.7×

Monthly cashflow live

• Estimated rent: $1,890 high
• Mortgage (P&I): −$682
• Tax from tax record: −$145 /mo · $1,742/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$397
• Net cashflow: $612

Break-even live

Break-even rent $1,115

Max offer price $130,000

Occupancy floor 63%

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: $32,500
• Closing costs: $3,900
• Reserves months: —
• Total cash needed: —

Rent comps 25 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
745 Stocking Ave NW Grand Rapids, MI	1.0–2.0	1.0	879	$1,541	$1.75	14d	3	0.31mi
149 Valley Ave NW Unit 1346766P Grand Rapids, MI	2.0	1.0	893	$2,566	$2.87	23d	1	0.54mi
1019 Widdicomb Ave NW Unit 2 Grand Rapids, MI	2.0	1.0	1000	$1,575	$1.57	43d	1	0.58mi
1004 Jennette Ave NW Grand Rapids, MI	3.0	1.0	1000	$1,025	$1.02	43d	1	0.60mi
608 Bridge St NW Grand Rapids, MI	2.0	1.0	1100	$1,595	$1.45	43d	1	0.60mi
200 Gold Ave NW Grand Rapids, MI	3.0	1.0	1112	$1,549	$1.39	43d	1	0.66mi
700 Broadway Ave NW Unit 1 Grand Rapids, MI	4.0	2.0	1450	$2,795	$1.93	43d	1	0.75mi
601 Lake Michigan Dr NW Unit 601-403 Grand Rapids, MI	2.0	1.0	1100	$2,150	$1.95	43d	1	0.76mi
900 Leonard St NW Grand Rapids, MI	2.0	1.0–2.0	720	$2,850	$3.96	2d	10	0.77mi
1044 Muskegon Ave NW Unit 2 Grand Rapids, MI	3.0	1.0	1100	$1,800	$1.64	43d	1	0.79mi
18 Indiana Ave SW Unit 2 Grand Rapids, MI	3.0	1.0	1000	$1,295	$1.29	43d	1	0.81mi
18 Indiana Ave SW Grand Rapids, MI	2.0	1.0	1100	$1,395	$1.27	43d	1	0.81mi
1046 Courtney St NW Unit 2 Grand Rapids, MI	2.0	1.0	895	$2,497	$2.79	43d	1	0.84mi
921 Watson St SW Unit 1 Grand Rapids, MI	2.0	1.0	880	$1,250	$1.42	43d	1	0.85mi
1047 Park St SW Unit 1 Grand Rapids, MI	2.0	1.0	950	$1,325	$1.39	43d	1	0.95mi
734 Crosby St NW Unit 1 Grand Rapids, MI	3.0	1.0	1057	$1,800	$1.70	43d	1	0.95mi
927 Arianna St NW Grand Rapids, MI	4.0	3.0	1500	$3,000	$2.00	43d	1	0.99mi
201 Michigan St NW Grand Rapids, MI	1.0–2.0	1.0–2.0	981	$2,800	$2.85	43d	10	1.11mi
601 Bond Ave NW Grand Rapids, MI	1.0–2.0	1.0–2.0	853	$2,565	$3.01	43d	10	1.14mi
1335 Hamilton Ave NW Unit 2 Grand Rapids, MI	3.0	1.0	1124	$1,395	$1.24	43d	1	1.17mi
1001 Monroe Ave NW #202 Grand Rapids, MI	2.0	2.0	1333	$2,645	$1.98	43d	1	1.19mi
1429 Quarry Ave NW Unit 1 Grand Rapids, MI	3.0	1.5	1200	$1,800	$1.50	43d	1	1.22mi
120 Monroe Center St NW Grand Rapids, MI	2.0	2.0	1225	$1,695	$1.38	43d	1	1.31mi
733 Livingston Ave NE Grand Rapids, MI	2.0	1.0	900	$1,245	$1.38	43d	1	1.41mi
470 Market Ave SW Grand Rapids, MI	2.0	1.0–2.0	622	$2,090	$3.36	2d	17	1.49mi

Listing history 24 events

1. 2026-04-03
   status Pending 608-char remark

   Show marketing remark (608 chars)

   Welcome to 552 Pine Ave. NW. Great investment. This home has three bedrooms. Two up and one on the main level. Bathroom on the main level. Basement is unfinished. The home has off street parking. Home has good bones just needs some love. Pre-seller the roof was completely striped with new 50-year shingles. Approx 19 years ago. Some windows have been replaced with a life- time warranty transferrable to new owner. The seller has not lived there for four years; Gas and electric are turned on water is on at the meter in the basement. Accepting cash offers onlybuy or buyer's agent to verify all information

2. 2026-04-03
   status Pending 608-char remark

   Show marketing remark (608 chars)

   Welcome to 552 Pine Ave. NW. Great investment. This home has three bedrooms. Two up and one on the main level. Bathroom on the main level. Basement is unfinished. The home has off street parking. Home has good bones just needs some love. Pre-seller the roof was completely striped with new 50-year shingles. Approx 19 years ago. Some windows have been replaced with a life- time warranty transferrable to new owner. The seller has not lived there for four years; Gas and electric are turned on water is on at the meter in the basement. Accepting cash offers onlybuy or buyer's agent to verify all information

3. 2026-04-03
   status Pending

   Show marketing remark (608 chars)

   Welcome to 552 Pine Ave. NW. Great investment. This home has three bedrooms. Two up and one on the main level. Bathroom on the main level. Basement is unfinished. The home has off street parking. Home has good bones just needs some love. Pre-seller the roof was completely striped with new 50-year shingles. Approx 19 years ago. Some windows have been replaced with a life- time warranty transferrable to new owner. The seller has not lived there for four years; Gas and electric are turned on water is on at the meter in the basement. Accepting cash offers onlybuy or buyer's agent to verify all information

4. 2026-04-02
   price $130,000 608-char remark

   Show marketing remark (608 chars)

   Welcome to 552 Pine Ave. NW. Great investment. This home has three bedrooms. Two up and one on the main level. Bathroom on the main level. Basement is unfinished. The home has off street parking. Home has good bones just needs some love. Pre-seller the roof was completely striped with new 50-year shingles. Approx 19 years ago. Some windows have been replaced with a life- time warranty transferrable to new owner. The seller has not lived there for four years; Gas and electric are turned on water is on at the meter in the basement. Accepting cash offers onlybuy or buyer's agent to verify all information

5. 2026-04-02
   status Active 608-char remark

   Show marketing remark (608 chars)

   Welcome to 552 Pine Ave. NW. Great investment. This home has three bedrooms. Two up and one on the main level. Bathroom on the main level. Basement is unfinished. The home has off street parking. Home has good bones just needs some love. Pre-seller the roof was completely striped with new 50-year shingles. Approx 19 years ago. Some windows have been replaced with a life- time warranty transferrable to new owner. The seller has not lived there for four years; Gas and electric are turned on water is on at the meter in the basement. Accepting cash offers onlybuy or buyer's agent to verify all information

6. 2026-04-02
   price $130,000 608-char remark

   Show marketing remark (608 chars)

   Welcome to 552 Pine Ave. NW. Great investment. This home has three bedrooms. Two up and one on the main level. Bathroom on the main level. Basement is unfinished. The home has off street parking. Home has good bones just needs some love. Pre-seller the roof was completely striped with new 50-year shingles. Approx 19 years ago. Some windows have been replaced with a life- time warranty transferrable to new owner. The seller has not lived there for four years; Gas and electric are turned on water is on at the meter in the basement. Accepting cash offers onlybuy or buyer's agent to verify all information

7. 2026-04-01
   status Active 608-char remark

   Show marketing remark (608 chars)

   Welcome to 552 Pine Ave. NW. Great investment. This home has three bedrooms. Two up and one on the main level. Bathroom on the main level. Basement is unfinished. The home has off street parking. Home has good bones just needs some love. Pre-seller the roof was completely striped with new 50-year shingles. Approx 19 years ago. Some windows have been replaced with a life- time warranty transferrable to new owner. The seller has not lived there for four years; Gas and electric are turned on water is on at the meter in the basement. Accepting cash offers onlybuy or buyer's agent to verify all information

8. 2026-04-01
   status Active

   Show marketing remark (608 chars)

   Welcome to 552 Pine Ave. NW. Great investment. This home has three bedrooms. Two up and one on the main level. Bathroom on the main level. Basement is unfinished. The home has off street parking. Home has good bones just needs some love. Pre-seller the roof was completely striped with new 50-year shingles. Approx 19 years ago. Some windows have been replaced with a life- time warranty transferrable to new owner. The seller has not lived there for four years; Gas and electric are turned on water is on at the meter in the basement. Accepting cash offers onlybuy or buyer's agent to verify all information

9. 2026-04-01
   price $130,000

   Show marketing remark (608 chars)

   Welcome to 552 Pine Ave. NW. Great investment. This home has three bedrooms. Two up and one on the main level. Bathroom on the main level. Basement is unfinished. The home has off street parking. Home has good bones just needs some love. Pre-seller the roof was completely striped with new 50-year shingles. Approx 19 years ago. Some windows have been replaced with a life- time warranty transferrable to new owner. The seller has not lived there for four years; Gas and electric are turned on water is on at the meter in the basement. Accepting cash offers onlybuy or buyer's agent to verify all information

10. 2026-03-26
    status Pending 608-char remark

    Show marketing remark (608 chars)

    Welcome to 552 Pine Ave. NW. Great investment. This home has three bedrooms. Two up and one on the main level. Bathroom on the main level. Basement is unfinished. The home has off street parking. Home has good bones just needs some love. Pre-seller the roof was completely striped with new 50-year shingles. Approx 19 years ago. Some windows have been replaced with a life- time warranty transferrable to new owner. The seller has not lived there for four years; Gas and electric are turned on water is on at the meter in the basement. Accepting cash offers onlybuy or buyer's agent to verify all information

11. 2026-03-26
    status Pending 608-char remark

    Show marketing remark (608 chars)

    Welcome to 552 Pine Ave. NW. Great investment. This home has three bedrooms. Two up and one on the main level. Bathroom on the main level. Basement is unfinished. The home has off street parking. Home has good bones just needs some love. Pre-seller the roof was completely striped with new 50-year shingles. Approx 19 years ago. Some windows have been replaced with a life- time warranty transferrable to new owner. The seller has not lived there for four years; Gas and electric are turned on water is on at the meter in the basement. Accepting cash offers onlybuy or buyer's agent to verify all information

12. 2026-03-26
    status Pending

    Show marketing remark (608 chars)

    Welcome to 552 Pine Ave. NW. Great investment. This home has three bedrooms. Two up and one on the main level. Bathroom on the main level. Basement is unfinished. The home has off street parking. Home has good bones just needs some love. Pre-seller the roof was completely striped with new 50-year shingles. Approx 19 years ago. Some windows have been replaced with a life- time warranty transferrable to new owner. The seller has not lived there for four years; Gas and electric are turned on water is on at the meter in the basement. Accepting cash offers onlybuy or buyer's agent to verify all information

13. 2026-03-21
    price $150,000 608-char remark

    Show marketing remark (608 chars)

    Welcome to 552 Pine Ave. NW. Great investment. This home has three bedrooms. Two up and one on the main level. Bathroom on the main level. Basement is unfinished. The home has off street parking. Home has good bones just needs some love. Pre-seller the roof was completely striped with new 50-year shingles. Approx 19 years ago. Some windows have been replaced with a life- time warranty transferrable to new owner. The seller has not lived there for four years; Gas and electric are turned on water is on at the meter in the basement. Accepting cash offers onlybuy or buyer's agent to verify all information

14. 2026-03-21
    status Active 608-char remark

    Show marketing remark (608 chars)

    Welcome to 552 Pine Ave. NW. Great investment. This home has three bedrooms. Two up and one on the main level. Bathroom on the main level. Basement is unfinished. The home has off street parking. Home has good bones just needs some love. Pre-seller the roof was completely striped with new 50-year shingles. Approx 19 years ago. Some windows have been replaced with a life- time warranty transferrable to new owner. The seller has not lived there for four years; Gas and electric are turned on water is on at the meter in the basement. Accepting cash offers onlybuy or buyer's agent to verify all information

15. 2026-03-21
    status Active 608-char remark

    Show marketing remark (608 chars)

    Welcome to 552 Pine Ave. NW. Great investment. This home has three bedrooms. Two up and one on the main level. Bathroom on the main level. Basement is unfinished. The home has off street parking. Home has good bones just needs some love. Pre-seller the roof was completely striped with new 50-year shingles. Approx 19 years ago. Some windows have been replaced with a life- time warranty transferrable to new owner. The seller has not lived there for four years; Gas and electric are turned on water is on at the meter in the basement. Accepting cash offers onlybuy or buyer's agent to verify all information

16. 2026-03-21
    price $150,000 608-char remark

    Show marketing remark (608 chars)

    Welcome to 552 Pine Ave. NW. Great investment. This home has three bedrooms. Two up and one on the main level. Bathroom on the main level. Basement is unfinished. The home has off street parking. Home has good bones just needs some love. Pre-seller the roof was completely striped with new 50-year shingles. Approx 19 years ago. Some windows have been replaced with a life- time warranty transferrable to new owner. The seller has not lived there for four years; Gas and electric are turned on water is on at the meter in the basement. Accepting cash offers onlybuy or buyer's agent to verify all information

17. 2026-03-21
    price $150,000

    Show marketing remark (608 chars)

    Welcome to 552 Pine Ave. NW. Great investment. This home has three bedrooms. Two up and one on the main level. Bathroom on the main level. Basement is unfinished. The home has off street parking. Home has good bones just needs some love. Pre-seller the roof was completely striped with new 50-year shingles. Approx 19 years ago. Some windows have been replaced with a life- time warranty transferrable to new owner. The seller has not lived there for four years; Gas and electric are turned on water is on at the meter in the basement. Accepting cash offers onlybuy or buyer's agent to verify all information

18. 2026-03-21
    status Active

    Show marketing remark (608 chars)

    Welcome to 552 Pine Ave. NW. Great investment. This home has three bedrooms. Two up and one on the main level. Bathroom on the main level. Basement is unfinished. The home has off street parking. Home has good bones just needs some love. Pre-seller the roof was completely striped with new 50-year shingles. Approx 19 years ago. Some windows have been replaced with a life- time warranty transferrable to new owner. The seller has not lived there for four years; Gas and electric are turned on water is on at the meter in the basement. Accepting cash offers onlybuy or buyer's agent to verify all information

19. 2026-03-01
    status Pending 608-char remark

    Show marketing remark (608 chars)

    Welcome to 552 Pine Ave. NW. Great investment. This home has three bedrooms. Two up and one on the main level. Bathroom on the main level. Basement is unfinished. The home has off street parking. Home has good bones just needs some love. Pre-seller the roof was completely striped with new 50-year shingles. Approx 19 years ago. Some windows have been replaced with a life- time warranty transferrable to new owner. The seller has not lived there for four years; Gas and electric are turned on water is on at the meter in the basement. Accepting cash offers onlybuy or buyer's agent to verify all information

20. 2026-03-01
    status Pending 608-char remark

    Show marketing remark (608 chars)

    Welcome to 552 Pine Ave. NW. Great investment. This home has three bedrooms. Two up and one on the main level. Bathroom on the main level. Basement is unfinished. The home has off street parking. Home has good bones just needs some love. Pre-seller the roof was completely striped with new 50-year shingles. Approx 19 years ago. Some windows have been replaced with a life- time warranty transferrable to new owner. The seller has not lived there for four years; Gas and electric are turned on water is on at the meter in the basement. Accepting cash offers onlybuy or buyer's agent to verify all information

21. 2026-03-01
    status Pending

    Show marketing remark (608 chars)

    Welcome to 552 Pine Ave. NW. Great investment. This home has three bedrooms. Two up and one on the main level. Bathroom on the main level. Basement is unfinished. The home has off street parking. Home has good bones just needs some love. Pre-seller the roof was completely striped with new 50-year shingles. Approx 19 years ago. Some windows have been replaced with a life- time warranty transferrable to new owner. The seller has not lived there for four years; Gas and electric are turned on water is on at the meter in the basement. Accepting cash offers onlybuy or buyer's agent to verify all information

22. 2026-02-23
    listed $164,900 Active 608-char remark

    Show marketing remark (608 chars)

    Welcome to 552 Pine Ave. NW. Great investment. This home has three bedrooms. Two up and one on the main level. Bathroom on the main level. Basement is unfinished. The home has off street parking. Home has good bones just needs some love. Pre-seller the roof was completely striped with new 50-year shingles. Approx 19 years ago. Some windows have been replaced with a life- time warranty transferrable to new owner. The seller has not lived there for four years; Gas and electric are turned on water is on at the meter in the basement. Accepting cash offers onlybuy or buyer's agent to verify all information

23. 2026-02-21
    listed $164,900 Active 608-char remark

    Show marketing remark (608 chars)

    Welcome to 552 Pine Ave. NW. Great investment. This home has three bedrooms. Two up and one on the main level. Bathroom on the main level. Basement is unfinished. The home has off street parking. Home has good bones just needs some love. Pre-seller the roof was completely striped with new 50-year shingles. Approx 19 years ago. Some windows have been replaced with a life- time warranty transferrable to new owner. The seller has not lived there for four years; Gas and electric are turned on water is on at the meter in the basement. Accepting cash offers onlybuy or buyer's agent to verify all information

24. 2026-02-21
    listed $164,900 Active

    Show marketing remark (608 chars)

    Welcome to 552 Pine Ave. NW. Great investment. This home has three bedrooms. Two up and one on the main level. Bathroom on the main level. Basement is unfinished. The home has off street parking. Home has good bones just needs some love. Pre-seller the roof was completely striped with new 50-year shingles. Approx 19 years ago. Some windows have been replaced with a life- time warranty transferrable to new owner. The seller has not lived there for four years; Gas and electric are turned on water is on at the meter in the basement. Accepting cash offers onlybuy or buyer's agent to verify all information

ⓘ 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: $1,742 · $145/mo
• Projected year-2 tax: $1,872 · $156/mo
• Expected delta: +$130/yr (+$11/mo · 7.5%)

ⓘ 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 · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,683
• − Mortgage interest: −$7,282
• − Property taxes: −$1,742
• − Insurance: −$650
• − Repairs & maintenance: −$1,815
• − Management: −$1,815
• − Depreciation: −$3,782
• Taxable income: $5,598
• Est. tax owed @ 24.0%: −$1,343
• After-tax cash flow: $6,003/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: Grand Rapids Public Schools
• NCES district ID: 2616440
• Math proficiency: 15% ▼ -5.00%
• Reading proficiency: 29% ▼ -1.00%
• Median HH income: $40,612
• Composite: 18.62/100
• National rank: #8899
• State rank: #451 of 540 in MI

Livability — Grand Rapids

• Score: 83/100
• State rank: #44
• US rank: #939

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Grand Rapids, MI
• County: Kent County · 533,805 people
• City population: 181,325
• Metro: Grand Rapids-Kentwood, MI
• Population (ZIP): 40,036
• Household income: $70,119
• Rent vs Own: 43.1% rent · 56.9% own
• Severe rent burden: 2132.0

Population outlook (Kent County) Hauer SSP2

• Today (2025): 712,484 people
• By 2030: 748,618 · +5.1%
• By 2040: 814,777 · +14.4%
• By 2050: 868,556 · +21.9%
• By 2075: 966,487 · +35.7%
• By 2100: 967,975 · +35.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (70%)
• Race & ethnicity: White 70% Hispanic / Latino 16% Two or more races 10% Black 8% Asian 2%
• Hispanic origin (detail): Mexican 12% Puerto Rican 1%
• Common ancestry: Romanian 11% Iranian 10% Lithuanian 3%
• Foreign-born: 8% · Canada, South Korea, China
• Languages at home: 88% English-only · Spanish 9% Other Indo-European 1%

Political lean MEDSL · Kent

• 2024 margin: Lean D (+5.4) · D 51.8% · R 46.5% · Other 1.7%
• 2008→2024 swing: +4.8pp toward D · 2008: 0.5pp · 2024: 5.4pp
• All cycles: 2024: D+5.4 2020: D+6.1 2016: R+3.1 2012: R+7.9 2008: D+0.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -274.76%
• Current HPI: 313.231
• Rent YoY: ▲ 2.64%
• Metro: Grand Rapids-Kentwood, 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

-21.2% since first listed

24 events — show timeline

• 2026-04-03 Pending — MiRealSource-MiMLS
• 2026-04-03 Pending — REALCOMP
• 2026-04-03 Pending — SW Michigan MLS
• 2026-04-02 Price Changed $130,000 MiRealSource-MiMLS
• 2026-04-02 Relisted — REALCOMP
• 2026-04-02 Price Changed $130,000 REALCOMP
• 2026-04-01 Relisted — MiRealSource-MiMLS
• 2026-04-01 Relisted — SW Michigan MLS
• 2026-04-01 Price Changed $130,000 SW Michigan MLS
• 2026-03-26 Pending — REALCOMP
• 2026-03-26 Pending — MiRealSource-MiMLS
• 2026-03-26 Pending — SW Michigan MLS
• 2026-03-21 Price Changed $150,000 MiRealSource-MiMLS
• 2026-03-21 Relisted — MiRealSource-MiMLS
• 2026-03-21 Relisted — REALCOMP
• 2026-03-21 Price Changed $150,000 REALCOMP
• 2026-03-21 Price Changed $150,000 SW Michigan MLS
• 2026-03-21 Relisted — SW Michigan MLS
• 2026-03-01 Pending — REALCOMP
• 2026-03-01 Pending — MiRealSource-MiMLS
• 2026-03-01 Pending — SW Michigan MLS
• 2026-02-23 Listed $164,900 REALCOMP
• 2026-02-21 Listed $164,900 SW Michigan MLS
• 2026-02-21 Listed $164,900 MiRealSource-MiMLS

Property tax history

+3.6%/yr

Latest (2025): $1,742 · -1.2% YoY. Source: county tax records.