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333 E Lakewood Blvd #104
C- Composite 53.37
Why this score? — see what drove the C- 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 +19.3/30.0
  • 1% rule +10.0/10.0
  • DSCR +6.1/10.0
  • Livability +4.3/5.0
  • Schools +3.9/10.0
  • Rent growth +3.8/5.0
  • ARV discount +3.5/15.0
  • Condition / age +2.5/5.0
  • Appreciation +0.0/10.0

$74,900

333 E Lakewood Blvd #104 · Beechwood, MI 49424
2 bd · 2.0 ba · 930 sqft · Manufactured · 38 Days on market
Built 2022 Est $69k · 9% over $695/mo HOA · 42% of rent ↓ 6% since listing

🖨 Deal sheet 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Amazing location for the price Located off e. lakewood blvd with quick access to us 31 and i96. Abundancy of shopping and dinning justs mins awayRare find in Holland! Nearly new 2022 Skyline 2 bedroom, 2 full bath home. Open floor plan, 930 square feet of living space, primary Bedroom with full ensuite . 2nd bedroom at opposite end with full shared bathroom. Hard Panel, Walls: Panel, Walk-In Closet, Laundry Room, Heating, Central AirHeating: ElectricAppliances Included. Windmill Estates: Where Exceptional Living Meets Family-Friendly Comfort! Our prime location is your gateway to top-rated restaurants, shopping, and entertainment, ensuring you're always at the heart of the action. With West Ottawa Public Schools, including West Ottawa High School, just around the corner, your family's education is in great hands. Nature lovers will relish our proximity to Ottawa Beach within Holland State Park, Lake Macataw, Windmill Island, and Macatawa River. Easy access to U. S. Highway. This pet-friendly neighborhood also offers convenient on-site management and maintenance, organized community activities, and specialized storage for RVs and vehicles. Experience a seamless blend of convenience and recreation in a neighborhood designed to make the most of your everyday living experience.

Key facts

  • Clubhouse
  • Lake macatawa
  • Basketball court

Tags

WEST OTTAWA PUBLIC SCHOOLSLAKE MACATAWAHOLLAND STATE PARKEASY ACCESS TO US-31CLUBHOUSEBASKETBALL COURT

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2-bed/2.0-bath manufactured listed at $75k.

Deal economics

  • At list price, monthly cash flow is $82 ($985/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($2k rent vs $75k).
  • Recommended offer: $73k (3.0% below list) — sets the bar for market timing.
  • Cap rate 7.6% vs local median 3.6% in Beechwood — 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 86/100 on livability (#21 in MI, #378 nationally) — a professional / high-income tenant draw. Strengths: crime A+, cost of living A+, housing A+; Watch: employment D, schools F.
  • West Ottawa Public School District (suburban): math 37% / reading 52% proficiency, ranked #140 of 540 in MI (top 26%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
  • Market conditions: Rents rising fast (+5.1%/yr); 343 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 14d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,237 units permitted in Ottawa County in 2024 (443 in 5+ unit buildings).

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $518 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
  • Ottawa County population projected at +24% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
  • At projected returns (-3.0% appreciation + 5.1% rent growth), your $21k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 38 days — a 3% lower offer ($73k) is reasonable based on typical stale-listing flexibility.
  • 3 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.

Risks & watch-outs

  • Watch-outs: HOA is 42% of rent.
Recommended offer $72,653 (3.0% below list)

Questions for the listing agent

  1. It's been on market 38 days. Have you received any prior offers? Is the seller open to a 3% 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 F-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. 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.
  6. 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.
  7. 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
2.19%
Cap rate
7.61%
Cash-on-cash
4.70%
DSCR
1.21
GRM
3.8

CMA / ARV

ARV (on-the-fly)
$68,820
Comps found
4
Show comp detail 4 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
333 E Lakewood Blvd #315 0.11mi 2/2.0 896 (-4%) 11mo $40,000 $45 79
333 E Lakewood Blvd #203 0.16mi 2/2.0 896 (-4%) 10mo $45,000 $50 78
333 E Lakewood Blvd #87 0.16mi 2/2.0 896 (-4%) 10mo $75,000 $84 78
333 E Lakewood Blvd #350 0.11mi 2/1.0 896 (-4%) 10mo $66,000 $74 77

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 · 5.08% rent growth · sell at horizon

5-year hold
IRR
-3.6%
Equity multiple
0.86×
Total profit
$-2,955
Equity at exit
$11,168
10-year hold
IRR
10.6%
Equity multiple
2.00×
Total profit
$20,986
Equity at exit
$6,476

Cash invested: $20,972 (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.

ZIP-level market 49424

Rents YoY
5.1%
Active inventory
343
Price-to-rent
3.8×

Monthly cashflow live

Estimated rent
$1,639 medium interval (Pro) →
Mortgage (P&I)
$393
Tax est. 1.5%
$94 /mo · $1,124/yr
Insurance
$31
HOA
$695
Vacancy / Maint / Mgmt
$344
Net cashflow
$82

Break-even live

Break-even rent $1,535
Max offer price $74,900
Occupancy floor 90%

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
$18,725
Closing costs
$2,247
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 4 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
2716 Kragspough Ct Holland, MI 2.0 1.0 1000 $1,495 $1.50 14d 1 0.69mi
122 Burke Ave Holland, MI 2.0 1.0 950 $1,325 $1.39 23d 2 1.04mi
12181 Felch St Holland, MI 1.0–3.0 1.0–2.0 890 $1,938 $2.18 2d 2 1.12mi
539 136th Ave Holland, MI 2.0 1.0 889 $1,450 $1.63 2d 1 1.22mi

HOA detail

Monthly dues
$695 · $8,340/yr
Likely covers
electric

Listing history 9 events

  1. 2026-03-12
    status Pending 1294-char remark
    Show marketing remark (988 chars)

    Amazing location for the price Located off e. lakewood blvd with quick access to us 31 and i96. Abundancy of shopping and dinning justs mins awayRare find in Holland! Nearly new 2022 Skyline 2 bedroom, 2 full bath home. Open floor plan, 930 square feet of living space, primary Bedroom with full ensuite . 2nd bedroom at opposite end with full shared bathroom. Hard Panel, Walls: Panel, Walk-In Closet, Laundry Room, Heating, Central AirHeating: ElectricAppliances Included. Windmill Estates: Where Exceptional Living Meets Family-Friendly Comfort! Our prime location is your gateway to top-rated restaurants, shopping, and entertainment, ensuring you're always at the heart of the action. With West Ottawa Public Schools, including West Ottawa High School, just around the corner, your family's education is in great hands. Nature lovers will relish our proximity to Ottawa Beach within Holland State Park, Lake Macataw, Windmill Island, and Macatawa River. Easy access to U. S. Highway.

  2. 2026-03-12
    status Pending 988-char remark
    Show marketing remark (988 chars)

    Amazing location for the price Located off e. lakewood blvd with quick access to us 31 and i96. Abundancy of shopping and dinning justs mins awayRare find in Holland! Nearly new 2022 Skyline 2 bedroom, 2 full bath home. Open floor plan, 930 square feet of living space, primary Bedroom with full ensuite . 2nd bedroom at opposite end with full shared bathroom. Hard Panel, Walls: Panel, Walk-In Closet, Laundry Room, Heating, Central AirHeating: ElectricAppliances Included. Windmill Estates: Where Exceptional Living Meets Family-Friendly Comfort! Our prime location is your gateway to top-rated restaurants, shopping, and entertainment, ensuring you're always at the heart of the action. With West Ottawa Public Schools, including West Ottawa High School, just around the corner, your family's education is in great hands. Nature lovers will relish our proximity to Ottawa Beach within Holland State Park, Lake Macataw, Windmill Island, and Macatawa River. Easy access to U. S. Highway.

  3. 2026-03-12
    status Pending
    Show marketing remark (988 chars)

    Amazing location for the price Located off e. lakewood blvd with quick access to us 31 and i96. Abundancy of shopping and dinning justs mins awayRare find in Holland! Nearly new 2022 Skyline 2 bedroom, 2 full bath home. Open floor plan, 930 square feet of living space, primary Bedroom with full ensuite . 2nd bedroom at opposite end with full shared bathroom. Hard Panel, Walls: Panel, Walk-In Closet, Laundry Room, Heating, Central AirHeating: ElectricAppliances Included. Windmill Estates: Where Exceptional Living Meets Family-Friendly Comfort! Our prime location is your gateway to top-rated restaurants, shopping, and entertainment, ensuring you're always at the heart of the action. With West Ottawa Public Schools, including West Ottawa High School, just around the corner, your family's education is in great hands. Nature lovers will relish our proximity to Ottawa Beach within Holland State Park, Lake Macataw, Windmill Island, and Macatawa River. Easy access to U. S. Highway.

  4. 2026-02-17
    price $74,900 988-char remark
    Show marketing remark (988 chars)

    Amazing location for the price Located off e. lakewood blvd with quick access to us 31 and i96. Abundancy of shopping and dinning justs mins awayRare find in Holland! Nearly new 2022 Skyline 2 bedroom, 2 full bath home. Open floor plan, 930 square feet of living space, primary Bedroom with full ensuite . 2nd bedroom at opposite end with full shared bathroom. Hard Panel, Walls: Panel, Walk-In Closet, Laundry Room, Heating, Central AirHeating: ElectricAppliances Included. Windmill Estates: Where Exceptional Living Meets Family-Friendly Comfort! Our prime location is your gateway to top-rated restaurants, shopping, and entertainment, ensuring you're always at the heart of the action. With West Ottawa Public Schools, including West Ottawa High School, just around the corner, your family's education is in great hands. Nature lovers will relish our proximity to Ottawa Beach within Holland State Park, Lake Macataw, Windmill Island, and Macatawa River. Easy access to U. S. Highway.

  5. 2026-02-16
    price $74,900 1294-char remark
    Show marketing remark (1294 chars)

    Amazing location for the price Located off e. lakewood blvd with quick access to us 31 and i96. Abundancy of shopping and dinning justs mins awayRare find in Holland! Nearly new 2022 Skyline 2 bedroom, 2 full bath home. Open floor plan, 930 square feet of living space, primary Bedroom with full ensuite . 2nd bedroom at opposite end with full shared bathroom. Hard Panel, Walls: Panel, Walk-In Closet, Laundry Room, Heating, Central AirHeating: ElectricAppliances Included. Windmill Estates: Where Exceptional Living Meets Family-Friendly Comfort! Our prime location is your gateway to top-rated restaurants, shopping, and entertainment, ensuring you're always at the heart of the action. With West Ottawa Public Schools, including West Ottawa High School, just around the corner, your family's education is in great hands. Nature lovers will relish our proximity to Ottawa Beach within Holland State Park, Lake Macataw, Windmill Island, and Macatawa River. Easy access to U. S. Highway. This pet-friendly neighborhood also offers convenient on-site management and maintenance, organized community activities, and specialized storage for RVs and vehicles. Experience a seamless blend of convenience and recreation in a neighborhood designed to make the most of your everyday living experience.

  6. 2026-02-16
    price $74,900
    Show marketing remark (1294 chars)

    Amazing location for the price Located off e. lakewood blvd with quick access to us 31 and i96. Abundancy of shopping and dinning justs mins awayRare find in Holland! Nearly new 2022 Skyline 2 bedroom, 2 full bath home. Open floor plan, 930 square feet of living space, primary Bedroom with full ensuite . 2nd bedroom at opposite end with full shared bathroom. Hard Panel, Walls: Panel, Walk-In Closet, Laundry Room, Heating, Central AirHeating: ElectricAppliances Included. Windmill Estates: Where Exceptional Living Meets Family-Friendly Comfort! Our prime location is your gateway to top-rated restaurants, shopping, and entertainment, ensuring you're always at the heart of the action. With West Ottawa Public Schools, including West Ottawa High School, just around the corner, your family's education is in great hands. Nature lovers will relish our proximity to Ottawa Beach within Holland State Park, Lake Macataw, Windmill Island, and Macatawa River. Easy access to U. S. Highway. This pet-friendly neighborhood also offers convenient on-site management and maintenance, organized community activities, and specialized storage for RVs and vehicles. Experience a seamless blend of convenience and recreation in a neighborhood designed to make the most of your everyday living experience.

  7. 2026-02-02
    listed $79,900 Active 1294-char remark
    Show marketing remark (988 chars)

    Amazing location for the price Located off e. lakewood blvd with quick access to us 31 and i96. Abundancy of shopping and dinning justs mins awayRare find in Holland! Nearly new 2022 Skyline 2 bedroom, 2 full bath home. Open floor plan, 930 square feet of living space, primary Bedroom with full ensuite . 2nd bedroom at opposite end with full shared bathroom. Hard Panel, Walls: Panel, Walk-In Closet, Laundry Room, Heating, Central AirHeating: ElectricAppliances Included. Windmill Estates: Where Exceptional Living Meets Family-Friendly Comfort! Our prime location is your gateway to top-rated restaurants, shopping, and entertainment, ensuring you're always at the heart of the action. With West Ottawa Public Schools, including West Ottawa High School, just around the corner, your family's education is in great hands. Nature lovers will relish our proximity to Ottawa Beach within Holland State Park, Lake Macataw, Windmill Island, and Macatawa River. Easy access to U. S. Highway.

  8. 2026-02-02
    listed $79,900 Active 988-char remark
    Show marketing remark (988 chars)

    Amazing location for the price Located off e. lakewood blvd with quick access to us 31 and i96. Abundancy of shopping and dinning justs mins awayRare find in Holland! Nearly new 2022 Skyline 2 bedroom, 2 full bath home. Open floor plan, 930 square feet of living space, primary Bedroom with full ensuite . 2nd bedroom at opposite end with full shared bathroom. Hard Panel, Walls: Panel, Walk-In Closet, Laundry Room, Heating, Central AirHeating: ElectricAppliances Included. Windmill Estates: Where Exceptional Living Meets Family-Friendly Comfort! Our prime location is your gateway to top-rated restaurants, shopping, and entertainment, ensuring you're always at the heart of the action. With West Ottawa Public Schools, including West Ottawa High School, just around the corner, your family's education is in great hands. Nature lovers will relish our proximity to Ottawa Beach within Holland State Park, Lake Macataw, Windmill Island, and Macatawa River. Easy access to U. S. Highway.

  9. 2026-02-02
    listed $79,900 Active
    Show marketing remark (988 chars)

    Amazing location for the price Located off e. lakewood blvd with quick access to us 31 and i96. Abundancy of shopping and dinning justs mins awayRare find in Holland! Nearly new 2022 Skyline 2 bedroom, 2 full bath home. Open floor plan, 930 square feet of living space, primary Bedroom with full ensuite . 2nd bedroom at opposite end with full shared bathroom. Hard Panel, Walls: Panel, Walk-In Closet, Laundry Room, Heating, Central AirHeating: ElectricAppliances Included. Windmill Estates: Where Exceptional Living Meets Family-Friendly Comfort! Our prime location is your gateway to top-rated restaurants, shopping, and entertainment, ensuring you're always at the heart of the action. With West Ottawa Public Schools, including West Ottawa High School, just around the corner, your family's education is in great hands. Nature lovers will relish our proximity to Ottawa Beach within Holland State Park, Lake Macataw, Windmill Island, and Macatawa River. Easy access to U. S. Highway.

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$19,667
− Mortgage interest
−$4,196
− Property taxes
−$1,124
− Insurance
−$374
− Repairs & maintenance
−$1,573
− Management
−$1,573
− HOA
−$8,340
− Depreciation
−$2,179
Taxable income
$307
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$74
After-tax cash flow
$911/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
West Ottawa Public School District
NCES district ID
2635910
Math proficiency
37% ▼ -4.00%
Reading proficiency
52% ▼ -4.00%
Median HH income
$58,127
Composite
38.94/100
National rank
#4087
State rank
#140 of 540 in MI

Livability — Beechwood

Score
86/100
State rank
#21
US rank
#378

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

County
Ottawa County · 144,142 people
Metro
Grand Rapids-Kentwood, MI
Population (ZIP)
49,810
Household income
$85,478
Rent vs Own
23.8% rent · 76.2% own
Severe rent burden
864.0

Population outlook (Ottawa County) Hauer SSP2

Today (2025)
313,561 people
By 2030
330,027 · +5.3%
By 2040
361,118 · +15.2%
By 2050
388,414 · +23.9%
By 2075
452,175 · +44.2%
By 2100
473,041 · +50.9%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Predominantly White (65%)
Race & ethnicity
White 65% Hispanic / Latino 25% Two or more races 10% Asian 6% Black 1%
Hispanic origin (detail)
Mexican 19% Puerto Rican 1%
Common ancestry
Iranian 22% Romanian 3% Lithuanian 2%
Foreign-born
11% · Canada, Vietnam, South Korea
Languages at home
80% English-only · Spanish 15% Other Asian/Pacific 3% Vietnamese 1%

Political lean MEDSL · Ottawa

2024 margin
Strong R (+20.4) · D 39.0% · R 59.5% · Other 1.5%
2008→2024 swing
+3.4pp toward D · 2008: -23.9pp · 2024: -20.4pp
All cycles
2024: R+20.4 2020: R+21.5 2016: R+30.4 2012: R+34.2 2008: R+23.9

Not yet ingested

Civics

Market trends

HPI YoY
▼ -240.90%
Current HPI
252.5142
Rent YoY
▲ 5.08%
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

Price history

-6.3% since first listed
9 events — show timeline
  • 2026-03-12 Pending REALCOMP
  • 2026-03-12 Pending MiRealSource-MiMLS
  • 2026-03-12 Pending SW Michigan MLS
  • 2026-02-17 Price Changed $74,900 MiRealSource-MiMLS
  • 2026-02-16 Price Changed $74,900 REALCOMP
  • 2026-02-16 Price Changed $74,900 SW Michigan MLS
  • 2026-02-02 Listed $79,900 REALCOMP
  • 2026-02-02 Listed $79,900 SW Michigan MLS
  • 2026-02-02 Listed $79,900 MiRealSource-MiMLS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…