2430 Ruby St · Mount Pleasant, MI 48858

$80,000

2 bd · 1.0 ba · 938 sqft · SingleFamily public records · 224 Days on market

Built 1978 0.31 ac lot Est $123k · 35% 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 +28.8/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +7.7/10.0
• Rent growth +5.0/5.0
• Livability +4.1/5.0
• Schools +3.3/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Just outside the city limits, this single-wide home offers country-style living with city convenience! Long-term tenants have taken great care of the property, featuring a spacious yard, perfect for outdoor enjoyment. Located in a quiet, friendly neighborhood near schools, parks, and shopping. This property also includes a large pole barn connected to a two-car garage, ideal for storage, hobbies or if you wanted to make some extra income, it is currently being rented. This whole package is a great investment or an affordable place to call home! 24 hour notice for all showings.

Key facts

• Spacious yard
• Large pole barn
• Quiet neighborhood

Tags

• SPACIOUS YARD
• QUIET NEIGHBORHOOD
• LARGE POLE BARN
• TWO-CAR GARAGE

Property features AI

Exterior

• Parking: Attached 2-car garage
• Utilities: Public water; Shared septic
• Home design: Single-family residence; Residential property
• Construction: Aluminum siding; Pillar/post/pier foundation; 938 above-grade finished square feet
• Exterior features: Porch; Barn(s)

Interior

• Kitchen: Microwave; Oven; Refrigerator; Range
• Bathrooms: One full bathroom
• Heating & cooling: Forced air heating (natural gas); No central cooling
• Interior features: Microwave; Oven; Refrigerator; Range; Four total rooms

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $269 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $80k).
• Recommended offer: $70k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.3% vs local median 3.4% in Mount Pleasant — 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 82/100 on livability (#55 in MI, #1,063 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, cost of living A+, health & safety A+; Watch: crime C-, employment F.
• Mt. Pleasant City School District (town): math 33% / reading 48% proficiency, ranked #229 of 540 in MI (top 42%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+16.9%/yr); 249 active listings in the ZIP; 72 units permitted in Isabella County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $553 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Isabella County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 8.0% rent growth), your $22k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 224 days — a 12% lower offer ($70k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $5k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Recommended offer $70,400 (12.0% below list)

Questions for the listing agent

1. It's been on market 224 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1978 — 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 B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
6. 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.
7. 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.
8. 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: 1.27% ✓
• Cap rate: 10.32%
• Cash-on-cash: 14.39%
• DSCR: 1.64
• GRM: 6.6

CMA / ARV

• ARV (on-the-fly): $122,878
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5232 E Broadway Lot 303 Lot: 303	0.20mi	2/2.0	980 (+4%)	1mo	$22,000	$22	78
5232 E Broadway Lot 301 Lot: 301	0.20mi	2/1.5	980 (+4%)	7mo	$23,000	$23	76
5215 Bertshire Dr	0.11mi	2/1.5	1,066 (+14%)	2mo	$134,000	$126	69
5232 E Broadway Lot 118 Lot: 118	0.24mi	3/1.0 (+1)	980 (+4%)	10mo	$32,000	$33	68
2046 Florence St	0.40mi	3/1.0 (+1)	921 (-2%)	10mo	$99,000	$107	64
2162 3rd St	0.28mi	3/1.0 (+1)	826 (-12%)	4mo	$105,000	$127	59
1837 Belmont Dr	0.75mi	2/1.0	942 (+0%)	13mo	$148,000	$157	53
1758 Airway Dr	0.67mi	2/1.0	972 (+4%)	11mo	$127,000	$131	53
1877 Belmont	0.71mi	2/1.0	1,008 (+8%)	9mo	$160,500	$159	47
1435 E Broadway St	0.69mi	2/1.0	1,052 (+12%)	2mo	$155,000	$147	46
609 Garwood St	0.73mi	3/1.0 (+1)	1,005 (+7%)	12mo	$175,000	$174	39
609 Garwood St Lot : 231	0.73mi	3/1.0 (+1)	1,005 (+7%)	12mo	$175,000	$174	39

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: 10.2%
• Equity multiple: 1.43×
• Total profit: $9,526
• Equity at exit: $11,928

10-year hold

• IRR: 23.0%
• Equity multiple: 3.45×
• Total profit: $54,821
• Equity at exit: $6,917

Cash invested: $22,400 (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 48858

• Home prices YoY: -31.9%
• Rents YoY: 16.9%
• Active inventory: 249
• Price-to-rent: 6.6×

Monthly cashflow live

• Estimated rent: $1,018 medium
• Mortgage (P&I): −$420
• Tax from tax record: −$83 /mo · $992/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$214
• Net cashflow: $269

Break-even live

Break-even rent $678

Max offer price $80,000

Occupancy floor 69%

Sensitivity live

Price	-10% $314	-5% $291	+0% $269	+5% $246	+10% $223
Rent	-10% $188	-5% $228	+0% $269	+5% $309	+10% $349
Rate	-1.0pp $309	-0.5pp $289	base $269	+0.5pp $248	+1.0pp $227

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: $20,000
• Closing costs: $2,400
• Reserves months: —
• Total cash needed: —

Listing history 22 events

1. 2026-06-19
   days on market $80,000 Active 224 DOM
2. 2026-06-18
   days on market $80,000 Active 223 DOM
3. 2026-06-17
   days on market $80,000 Active 222 DOM
4. 2026-06-16
   days on market $80,000 Active 221 DOM
5. 2026-06-15
   days on market $80,000 Active 220 DOM
6. 2026-06-14
   days on market $80,000 Active 218 DOM
7. 2026-06-12
   days on market $80,000 Active 217 DOM
8. 2026-06-09
   days on market $80,000 Active 214 DOM
9. 2026-06-08
   days on market $80,000 Active 213 DOM
10. 2026-06-07
    days on market $80,000 Active 212 DOM
11. 2026-06-05
    days on market $80,000 Active 209 DOM
12. 2026-06-03
    days on market $80,000 Active 208 DOM
13. 2026-06-02
    days on market $80,000 Active 207 DOM
14. 2026-06-01
    days on market $80,000 Active 206 DOM
15. 2026-05-31
    days on market $80,000 Active 205 DOM
16. 2026-05-30
    days on market $80,000 Active 204 DOM
17. 2026-02-03
    price $80,000 583-char remark

    Show marketing remark (583 chars)

    Just outside the city limits, this single-wide home offers country-style living with city convenience! Long-term tenants have taken great care of the property, featuring a spacious yard, perfect for outdoor enjoyment. Located in a quiet, friendly neighborhood near schools, parks, and shopping. This property also includes a large pole barn connected to a two-car garage, ideal for storage, hobbies or if you wanted to make some extra income, it is currently being rented. This whole package is a great investment or an affordable place to call home! 24 hour notice for all showings.

18. 2026-02-02
    price $80,000
19. 2025-11-06
    listed $85,000 Active 583-char remark

    Show marketing remark (583 chars)

    Just outside the city limits, this single-wide home offers country-style living with city convenience! Long-term tenants have taken great care of the property, featuring a spacious yard, perfect for outdoor enjoyment. Located in a quiet, friendly neighborhood near schools, parks, and shopping. This property also includes a large pole barn connected to a two-car garage, ideal for storage, hobbies or if you wanted to make some extra income, it is currently being rented. This whole package is a great investment or an affordable place to call home! 24 hour notice for all showings.

20. 2025-11-06
    listed $85,000 Active

    Show marketing remark (583 chars)

    Just outside the city limits, this single-wide home offers country-style living with city convenience! Long-term tenants have taken great care of the property, featuring a spacious yard, perfect for outdoor enjoyment. Located in a quiet, friendly neighborhood near schools, parks, and shopping. This property also includes a large pole barn connected to a two-car garage, ideal for storage, hobbies or if you wanted to make some extra income, it is currently being rented. This whole package is a great investment or an affordable place to call home! 24 hour notice for all showings.

21. 2015-10-28
    soldstatus $775,000
22. 2007-10-17
    soldstatus $50,000

ⓘ 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: $992 · $83/mo
• Projected year-2 tax: $1,112 · $93/mo
• Expected delta: +$120/yr (+$10/mo · 12.1%)

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

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥97°F today · 13 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,214
• − Mortgage interest: −$4,481
• − Property taxes: −$992
• − Insurance: −$400
• − Repairs & maintenance: −$977
• − Management: −$977
• − Depreciation: −$2,327
• Taxable income: $2,059
• Est. tax owed @ 24.0%: −$494
• After-tax cash flow: $2,729/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: Mt. Pleasant City School District
• NCES district ID: 2624750
• Math proficiency: 33% ▼ -5.00%
• Reading proficiency: 48% ▼ -3.00%
• Median HH income: $32,344
• Composite: 33.16/100
• National rank: #5548
• State rank: #229 of 540 in MI

Livability — Mount Pleasant

• Score: 82/100
• State rank: #55
• US rank: #1063

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Isabella County · 42,226 people
• City population: 42,226
• Metro: Mount Pleasant, MI
• Population (ZIP): 42,226
• Household income: $51,267
• Rent vs Own: 50.2% rent · 49.8% own
• Severe rent burden: 2381.0

Population outlook (Isabella County) Hauer SSP2

• Today (2025): 75,111 people
• By 2030: 77,600 · +3.3%
• By 2040: 79,890 · +6.4%
• By 2050: 81,568 · +8.6%
• By 2075: 86,602 · +15.3%
• By 2100: 92,201 · +22.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (81%)
• Race & ethnicity: White 81% Two or more races 6% Hispanic / Latino 5% Native American 4% Black 3% Asian 2%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Romanian 6% Slovak 3% Iranian 3%
• Foreign-born: 4% · Canada
• Languages at home: 94% English-only · Spanish 2% Other Indo-European 1% German/W. Germanic 0%

Political lean MEDSL · Isabella

• 2024 margin: Lean R (+7.5) · D 45.5% · R 53.0% · Other 1.6%
• 2008→2024 swing: -26.7pp toward R · 2008: 19.2pp · 2024: -7.5pp
• All cycles: 2024: R+7.5 2020: R+2.5 2016: R+3.7 2012: D+9.3 2008: D+19.2

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -96.75%
• Current HPI: 206.1153
• Rent YoY: ▲ 16.89%
• Metro: Mount Pleasant, 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

+60.0% since first listed

6 events — show timeline

• 2026-02-03 Price Changed $80,000 MiRealSource-MiMLS
• 2026-02-02 Price Changed $80,000 REALCOMP
• 2025-11-06 Listed $85,000 REALCOMP
• 2025-11-06 Listed $85,000 MiRealSource-MiMLS
• 2015-10-28 Sold (Public Records) $775,000 Public Records
• 2007-10-17 Sold (Public Records) $50,000 Public Records

Property tax history

-0.3%/yr

Latest (2023): $992 · +41.7% YoY. Source: county tax records.