Integrity 2061 V8.1a Plan · Three Rivers, MI 49093

$273,900

3 bd · 2.0 ba · 2,060 sqft · SingleFamily · 112 Days on market

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Why this score? — see what drove the F 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 +8.2/30.0
• ARV discount +7.5/15.0
• Schools +3.5/10.0
• Livability +3.5/5.0
• 1% rule +2.5/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• DSCR +2.2/10.0
• Appreciation +0.0/10.0

Key facts

• 2 garage spots
• Listed 112 days

Property features AI

Finance

• Other: Address: Integrity 2061 V8.1a Plan, Three Rivers, MI 49093; Status: Active
• Financial info: List price: $273,900

Exterior

• Parking: 2 total parking spaces; 2-car garage
• Utilities: Natural gas; Central air
• Home design: Plan: Integrity 2061 V8.1a; Single-family plan (new-construction inventory type: Plan)
• Construction: New construction plan (model: Integrity 2061 V8.1a)
• Exterior features: Living area approximately 2060

Interior

• Kitchen: Plan includes standard kitchen (appliances not specified)
• Bedrooms: 3 bedrooms
• Bathrooms: 2 bathrooms
• Heating & cooling: Natural gas forced-air heating; Central air conditioning
• Interior features: Open living area

🏗️ New construction. The $273,900 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $317,240.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $274k.

Deal economics

• At list price, monthly cash flow is $-300 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $274k (0.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $240k (12.6% below list).
• Recommended offer: $240k (12.6% below list) — sets the bar for 1% rule.

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 $10k 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 112 days — a 9% lower offer ($249k) is reasonable based on typical stale-listing flexibility.

Recommended offer $239,500 (12.6% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 112 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
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 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?
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 0.75% ✗
• Cap rate: 5.16%
• Cash-on-cash: -4.06%
• DSCR: 0.82
• GRM: 11.0

CMA / ARV

• ARV (on-the-fly): $317,240
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1212 Pine St	0.23mi	4/2.0 (+1)	2,072 (+1%)	2mo	$284,900	$138	81
610 Arizona Blvd	0.16mi	4/2.0 (+1)	2,072 (+1%)	9mo	$294,900	$142	79
1210 Pine St	0.23mi	3/3.0	2,129 (+3%)	4mo	$343,130	$161	76
606 Arizona Blvd	0.18mi	4/2.5 (+1)	1,882 (-9%)	2mo	$289,900	$154	68
608 Arizona Blvd	0.17mi	4/2.5 (+1)	1,909 (-7%)	7mo	$289,900	$152	67
602 Arizona Blvd	0.21mi	4/2.5 (+1)	1,882 (-9%)	7mo	$299,900	$159	63
611 Arizona Blvd	0.15mi	4/2.5 (+1)	1,882 (-9%)	11mo	$289,900	$154	63
604 Arizona Blvd	0.19mi	4/2.5 (+1)	1,830 (-11%)	4mo	$284,900	$156	62
612 Arizona Blvd	0.14mi	4/2.5 (+1)	1,830 (-11%)	11mo	$295,230	$161	58
614 Walnut St	0.65mi	4/2.0 (+1)	2,002 (-3%)	5mo	$255,000	$127	56
17294 Mackinaw Rd	0.71mi	4/2.0 (+1)	2,300 (+12%)	1mo	$265,000	$115	42
416 Tenth Ave	0.68mi	4/2.0 (+1)	1,768 (-14%)	8mo	$175,000	$99	33

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: -23.1%
• Equity multiple: 0.21×
• Total profit: $-70,498
• Equity at exit: $47,302

10-year hold

• IRR: -17.7%
• Equity multiple: 0.03×
• Total profit: $-85,872
• Equity at exit: $27,429

Cash invested: $88,827 (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: 9.5×

Monthly cashflow live

• Estimated rent: $2,395 medium
• Mortgage (P&I): −$1,664
• Tax est. 1.5%: −$397 /mo · $4,759/yr
• Insurance: −$132
• HOA: −$0
• Vacancy / Maint / Mgmt: −$503
• Net cashflow: $-300

Break-even live

Break-even rent $2,775

Max offer price $273,783

Occupancy floor —

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: $79,310
• Closing costs: $9,517
• 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	0.51mi

Listing history 16 events

1. 2026-06-18
   days on market $273,900 Active 112 DOM
2. 2026-06-17
   days on market $273,900 Active 111 DOM
3. 2026-06-16
   days on market $273,900 Active 110 DOM
4. 2026-06-15
   days on market $273,900 Active 109 DOM
5. 2026-06-14
   days on market $273,900 Active 107 DOM
6. 2026-06-13
   days on market $273,900 Active 106 DOM
7. 2026-06-10
   days on market $273,900 Active 104 DOM
8. 2026-06-09
   days on market $273,900 Active 103 DOM
9. 2026-06-08
   days on market $273,900 Active 102 DOM
10. 2026-06-07
    days on market $273,900 Active 101 DOM
11. 2026-06-05
    days on market $273,900 Active 98 DOM
12. 2026-06-03
    days on market $273,900 Active 97 DOM
13. 2026-06-02
    days on market $273,900 Active 96 DOM
14. 2026-06-01
    days on market $273,900 Active 95 DOM
15. 2026-05-31
    days on market $273,900 Active 94 DOM
16. 2026-05-30
    days on market $273,900 Active 93 DOM

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

Taxation est. · year 1

• Rental income: $28,740
• − Mortgage interest: −$17,770
• − Property taxes: −$4,759
• − Insurance: −$1,586
• − Repairs & maintenance: −$2,299
• − Management: −$2,299
• − Depreciation: −$9,229
• Taxable loss: −$9,202
• Est. tax savings @ 24.0%: +$2,209
• After-tax cash flow: $-1,395/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