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908 Eastern Ave SE
C Composite 58.99
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 +24.8/30.0
  • DSCR +8.0/10.0
  • ARV discount +7.5/15.0
  • 1% rule +6.4/10.0
  • Livability +4.2/5.0
  • Rent growth +3.7/5.0
  • Condition / age +2.5/5.0
  • Schools +1.9/10.0
  • Appreciation +0.0/10.0

$219,900

908 Eastern Ave SE · Grand Rapids, MI 49507
5 bd · 2.0 ba · 2,082 sqft · SingleFamily public records · 145 Days on market
Built 1880 6,621 sqft lot $106/sqft · 67% below area

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

This character-filled home greets you with a generous foyer featuring built-in storage and original stained glass that sets the tone immediately. The living and dining rooms feel bright and welcoming, with sunlight bouncing off the hardwood floors. Whether you're hosting a dinner party or just enjoying a quiet evening, there's room to spread out without losing that cozy, classic charm. The kitchen is impressively spacious, ready for weeknight meals, weekend baking experiments, and everything in between. A first-floor laundry area right off the kitchen adds convenience. With four bedrooms and two bathrooms, the layout offers flexibility for a home office, guest room, hobby space. This home has so much personality, potential and space do not last long. Schedule your private showing today.

Key facts

  • Generous foyer
  • Built-in storage
  • 6,621 sq ft lot

Tags

GENEROUS FOYERBUILT-IN STORAGEORIGINAL STAINED GLASSFIRST-FLOOR LAUNDRY AREA

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 5-bed/2.0-bath single-family listed at $220k.

Deal economics

  • At list price, monthly cash flow is $467 ($6k/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • Meets the 1% rule at list price ($3k rent vs $220k).
  • Recommended offer: $194k (12.0% below list) — sets the bar for market timing.
  • Cap rate 8.8% 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 fast (+4.7%/yr); 178 active listings in the ZIP; 7 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 71% 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).
  • At $2,512/mo this rent would consume 49% of the median local household income ($61k/yr) (locally 1625% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k 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 + 4.7% rent growth), your $62k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

  • It's been on market 145 days — a 12% lower offer ($194k) is reasonable based on typical stale-listing flexibility.
  • 20 sale attempts since 37y ago; this cycle's ask has dropped $30k (12%) from the opening price — seller is motivated, your offer sets the floor, not the list.
  • Current owner paid $181k; 21% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

  • Watch-outs: built in 1880 — expect roof / HVAC / electrical / plumbing capex.
Recommended offer $193,512 (12.0% below list)

Questions for the listing agent

  1. It's been on market 145 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 1880 — 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. 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?
  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
1.14%
Cap rate
8.84%
Cash-on-cash
9.10%
DSCR
1.40
GRM
7.3

CMA / ARV

ARV (median comp)
$675,901
List price
$219,900
Delta
-67.47%
Verdict
UNDERPRICED
Comps
16 within 2.0 mi

Projected returns pro-forma

-3.0% appreciation · 4.74% rent growth · sell at horizon

5-year hold
IRR
-0.6%
Equity multiple
0.98×
Total profit
$-1,394
Equity at exit
$32,788
10-year hold
IRR
10.8%
Equity multiple
1.91×
Total profit
$56,243
Equity at exit
$19,013

Cash invested: $61,572 (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 49507

Rents YoY
4.7%
Active inventory
178
Price-to-rent
7.3×

Monthly cashflow live

Estimated rent
$2,512 high interval (Pro) →
Mortgage (P&I)
$1,153
Tax from tax record
$273 /mo · $3,280/yr
Insurance
$92
HOA
$0
Vacancy / Maint / Mgmt
$528
Net cashflow
$467

Break-even live

Break-even rent $1,922
Max offer price $219,900
Occupancy floor 76%

Sensitivity live

Price -10% $591 -5% $529 +0% $467 +5% $405 +10% $342
Rent -10% $268 -5% $368 +0% $467 +5% $566 +10% $665
Rate -1.0pp $577 -0.5pp $523 base $467 +0.5pp $410 +1.0pp $352

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
$54,975
Closing costs
$6,597
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 7 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
729 Bates St SE Unit 1 Grand Rapids, MI 4.0 3.5 1576 $2,395 $1.52 45d 1 0.25mi
425 Woodlawn St SE Grand Rapids, MI 4.0 1.0 2072 $2,200 $1.06 45d 1 0.50mi
728 Fuller Ave SE Grand Rapids, MI 4.0 2.0 2500 $2,200 $0.88 45d 1 0.55mi
1027 Underwood Ave SE Grand Rapids, MI 4.0 2.0 1600 $2,300 $1.44 15d 1 0.56mi
1154 Prospect Ave SE Grand Rapids, MI 5.0 2.0 1800 $2,300 $1.28 45d 1 0.62mi
1321 Bemis St SE Grand Rapids, MI 4.0 2.5 2367 $2,700 $1.14 4d 1 0.81mi
117 Fuller Ave NE Grand Rapids, MI 6.0 2.5 2160 $3,150 $1.46 45d 1 1.43mi

Listing history 50 events

  1. 2026-06-21
    days on market $219,900 Active 145 DOM
  2. 2026-06-18
    days on market $219,900 Active 142 DOM
  3. 2026-06-17
    days on market $219,900 Active 141 DOM
  4. 2026-06-16
    days on market $219,900 Active 140 DOM
  5. 2026-06-15
    days on market $219,900 Active 139 DOM
  6. 2026-06-14
    days on market $219,900 Active 137 DOM
  7. 2026-06-13
    days on market $219,900 Active 136 DOM
  8. 2026-06-10
    days on market $219,900 Active 134 DOM
  9. 2026-06-09
    days on market $219,900 Active 133 DOM
  10. 2026-06-08
    days on market $219,900 Active 132 DOM
  11. 2026-06-07
    days on market $219,900 Active 131 DOM
  12. 2026-06-05
    pricedays on market $219,900 Active 128 DOM
  13. 2026-06-03
    days on market $229,900 Active 127 DOM
  14. 2026-06-03
    days on market $229,900 Active 126 DOM
  15. 2026-06-01
    days on market $229,900 Active 125 DOM
  16. 2026-05-31
    days on market $229,900 Active 124 DOM
  17. 2026-04-15
    price $229,900 797-char remark
    Show marketing remark (797 chars)

    This character-filled home greets you with a generous foyer featuring built-in storage and original stained glass that sets the tone immediately. The living and dining rooms feel bright and welcoming, with sunlight bouncing off the hardwood floors. Whether you're hosting a dinner party or just enjoying a quiet evening, there's room to spread out without losing that cozy, classic charm. The kitchen is impressively spacious, ready for weeknight meals, weekend baking experiments, and everything in between. A first-floor laundry area right off the kitchen adds convenience. With four bedrooms and two bathrooms, the layout offers flexibility for a home office, guest room, hobby space. This home has so much personality, potential and space do not last long. Schedule your private showing today.

  18. 2026-04-15
    price $229,900 797-char remark
    Show marketing remark (797 chars)

    This character-filled home greets you with a generous foyer featuring built-in storage and original stained glass that sets the tone immediately. The living and dining rooms feel bright and welcoming, with sunlight bouncing off the hardwood floors. Whether you're hosting a dinner party or just enjoying a quiet evening, there's room to spread out without losing that cozy, classic charm. The kitchen is impressively spacious, ready for weeknight meals, weekend baking experiments, and everything in between. A first-floor laundry area right off the kitchen adds convenience. With four bedrooms and two bathrooms, the layout offers flexibility for a home office, guest room, hobby space. This home has so much personality, potential and space do not last long. Schedule your private showing today.

  19. 2026-04-15
    price $229,900
    Show marketing remark (797 chars)

    This character-filled home greets you with a generous foyer featuring built-in storage and original stained glass that sets the tone immediately. The living and dining rooms feel bright and welcoming, with sunlight bouncing off the hardwood floors. Whether you're hosting a dinner party or just enjoying a quiet evening, there's room to spread out without losing that cozy, classic charm. The kitchen is impressively spacious, ready for weeknight meals, weekend baking experiments, and everything in between. A first-floor laundry area right off the kitchen adds convenience. With four bedrooms and two bathrooms, the layout offers flexibility for a home office, guest room, hobby space. This home has so much personality, potential and space do not last long. Schedule your private showing today.

  20. 2026-04-02
    status Active 797-char remark
    Show marketing remark (797 chars)

    This character-filled home greets you with a generous foyer featuring built-in storage and original stained glass that sets the tone immediately. The living and dining rooms feel bright and welcoming, with sunlight bouncing off the hardwood floors. Whether you're hosting a dinner party or just enjoying a quiet evening, there's room to spread out without losing that cozy, classic charm. The kitchen is impressively spacious, ready for weeknight meals, weekend baking experiments, and everything in between. A first-floor laundry area right off the kitchen adds convenience. With four bedrooms and two bathrooms, the layout offers flexibility for a home office, guest room, hobby space. This home has so much personality, potential and space do not last long. Schedule your private showing today.

  21. 2026-04-02
    status Active 797-char remark
    Show marketing remark (797 chars)

    This character-filled home greets you with a generous foyer featuring built-in storage and original stained glass that sets the tone immediately. The living and dining rooms feel bright and welcoming, with sunlight bouncing off the hardwood floors. Whether you're hosting a dinner party or just enjoying a quiet evening, there's room to spread out without losing that cozy, classic charm. The kitchen is impressively spacious, ready for weeknight meals, weekend baking experiments, and everything in between. A first-floor laundry area right off the kitchen adds convenience. With four bedrooms and two bathrooms, the layout offers flexibility for a home office, guest room, hobby space. This home has so much personality, potential and space do not last long. Schedule your private showing today.

  22. 2026-04-02
    status Active
    Show marketing remark (797 chars)

    This character-filled home greets you with a generous foyer featuring built-in storage and original stained glass that sets the tone immediately. The living and dining rooms feel bright and welcoming, with sunlight bouncing off the hardwood floors. Whether you're hosting a dinner party or just enjoying a quiet evening, there's room to spread out without losing that cozy, classic charm. The kitchen is impressively spacious, ready for weeknight meals, weekend baking experiments, and everything in between. A first-floor laundry area right off the kitchen adds convenience. With four bedrooms and two bathrooms, the layout offers flexibility for a home office, guest room, hobby space. This home has so much personality, potential and space do not last long. Schedule your private showing today.

  23. 2026-03-13
    status Pending 797-char remark
    Show marketing remark (797 chars)

    This character-filled home greets you with a generous foyer featuring built-in storage and original stained glass that sets the tone immediately. The living and dining rooms feel bright and welcoming, with sunlight bouncing off the hardwood floors. Whether you're hosting a dinner party or just enjoying a quiet evening, there's room to spread out without losing that cozy, classic charm. The kitchen is impressively spacious, ready for weeknight meals, weekend baking experiments, and everything in between. A first-floor laundry area right off the kitchen adds convenience. With four bedrooms and two bathrooms, the layout offers flexibility for a home office, guest room, hobby space. This home has so much personality, potential and space do not last long. Schedule your private showing today.

  24. 2026-03-13
    status Pending 797-char remark
    Show marketing remark (797 chars)

    This character-filled home greets you with a generous foyer featuring built-in storage and original stained glass that sets the tone immediately. The living and dining rooms feel bright and welcoming, with sunlight bouncing off the hardwood floors. Whether you're hosting a dinner party or just enjoying a quiet evening, there's room to spread out without losing that cozy, classic charm. The kitchen is impressively spacious, ready for weeknight meals, weekend baking experiments, and everything in between. A first-floor laundry area right off the kitchen adds convenience. With four bedrooms and two bathrooms, the layout offers flexibility for a home office, guest room, hobby space. This home has so much personality, potential and space do not last long. Schedule your private showing today.

  25. 2026-03-13
    status Pending
    Show marketing remark (797 chars)

    This character-filled home greets you with a generous foyer featuring built-in storage and original stained glass that sets the tone immediately. The living and dining rooms feel bright and welcoming, with sunlight bouncing off the hardwood floors. Whether you're hosting a dinner party or just enjoying a quiet evening, there's room to spread out without losing that cozy, classic charm. The kitchen is impressively spacious, ready for weeknight meals, weekend baking experiments, and everything in between. A first-floor laundry area right off the kitchen adds convenience. With four bedrooms and two bathrooms, the layout offers flexibility for a home office, guest room, hobby space. This home has so much personality, potential and space do not last long. Schedule your private showing today.

  26. 2026-02-12
    price $239,900 797-char remark
    Show marketing remark (797 chars)

    This character-filled home greets you with a generous foyer featuring built-in storage and original stained glass that sets the tone immediately. The living and dining rooms feel bright and welcoming, with sunlight bouncing off the hardwood floors. Whether you're hosting a dinner party or just enjoying a quiet evening, there's room to spread out without losing that cozy, classic charm. The kitchen is impressively spacious, ready for weeknight meals, weekend baking experiments, and everything in between. A first-floor laundry area right off the kitchen adds convenience. With four bedrooms and two bathrooms, the layout offers flexibility for a home office, guest room, hobby space. This home has so much personality, potential and space do not last long. Schedule your private showing today.

  27. 2026-02-12
    price $239,900 797-char remark
    Show marketing remark (797 chars)

    This character-filled home greets you with a generous foyer featuring built-in storage and original stained glass that sets the tone immediately. The living and dining rooms feel bright and welcoming, with sunlight bouncing off the hardwood floors. Whether you're hosting a dinner party or just enjoying a quiet evening, there's room to spread out without losing that cozy, classic charm. The kitchen is impressively spacious, ready for weeknight meals, weekend baking experiments, and everything in between. A first-floor laundry area right off the kitchen adds convenience. With four bedrooms and two bathrooms, the layout offers flexibility for a home office, guest room, hobby space. This home has so much personality, potential and space do not last long. Schedule your private showing today.

  28. 2026-02-12
    price $239,900
    Show marketing remark (797 chars)

    This character-filled home greets you with a generous foyer featuring built-in storage and original stained glass that sets the tone immediately. The living and dining rooms feel bright and welcoming, with sunlight bouncing off the hardwood floors. Whether you're hosting a dinner party or just enjoying a quiet evening, there's room to spread out without losing that cozy, classic charm. The kitchen is impressively spacious, ready for weeknight meals, weekend baking experiments, and everything in between. A first-floor laundry area right off the kitchen adds convenience. With four bedrooms and two bathrooms, the layout offers flexibility for a home office, guest room, hobby space. This home has so much personality, potential and space do not last long. Schedule your private showing today.

  29. 2026-01-29
    price $244,900 797-char remark
    Show marketing remark (797 chars)

    This character-filled home greets you with a generous foyer featuring built-in storage and original stained glass that sets the tone immediately. The living and dining rooms feel bright and welcoming, with sunlight bouncing off the hardwood floors. Whether you're hosting a dinner party or just enjoying a quiet evening, there's room to spread out without losing that cozy, classic charm. The kitchen is impressively spacious, ready for weeknight meals, weekend baking experiments, and everything in between. A first-floor laundry area right off the kitchen adds convenience. With four bedrooms and two bathrooms, the layout offers flexibility for a home office, guest room, hobby space. This home has so much personality, potential and space do not last long. Schedule your private showing today.

  30. 2026-01-28
    price $244,900 797-char remark
    Show marketing remark (797 chars)

    This character-filled home greets you with a generous foyer featuring built-in storage and original stained glass that sets the tone immediately. The living and dining rooms feel bright and welcoming, with sunlight bouncing off the hardwood floors. Whether you're hosting a dinner party or just enjoying a quiet evening, there's room to spread out without losing that cozy, classic charm. The kitchen is impressively spacious, ready for weeknight meals, weekend baking experiments, and everything in between. A first-floor laundry area right off the kitchen adds convenience. With four bedrooms and two bathrooms, the layout offers flexibility for a home office, guest room, hobby space. This home has so much personality, potential and space do not last long. Schedule your private showing today.

  31. 2026-01-28
    price $244,900
    Show marketing remark (797 chars)

    This character-filled home greets you with a generous foyer featuring built-in storage and original stained glass that sets the tone immediately. The living and dining rooms feel bright and welcoming, with sunlight bouncing off the hardwood floors. Whether you're hosting a dinner party or just enjoying a quiet evening, there's room to spread out without losing that cozy, classic charm. The kitchen is impressively spacious, ready for weeknight meals, weekend baking experiments, and everything in between. A first-floor laundry area right off the kitchen adds convenience. With four bedrooms and two bathrooms, the layout offers flexibility for a home office, guest room, hobby space. This home has so much personality, potential and space do not last long. Schedule your private showing today.

  32. 2026-01-07
    listed $249,900 Active 797-char remark
    Show marketing remark (797 chars)

    This character-filled home greets you with a generous foyer featuring built-in storage and original stained glass that sets the tone immediately. The living and dining rooms feel bright and welcoming, with sunlight bouncing off the hardwood floors. Whether you're hosting a dinner party or just enjoying a quiet evening, there's room to spread out without losing that cozy, classic charm. The kitchen is impressively spacious, ready for weeknight meals, weekend baking experiments, and everything in between. A first-floor laundry area right off the kitchen adds convenience. With four bedrooms and two bathrooms, the layout offers flexibility for a home office, guest room, hobby space. This home has so much personality, potential and space do not last long. Schedule your private showing today.

  33. 2026-01-07
    listed $249,900 Active 797-char remark
    Show marketing remark (797 chars)

    This character-filled home greets you with a generous foyer featuring built-in storage and original stained glass that sets the tone immediately. The living and dining rooms feel bright and welcoming, with sunlight bouncing off the hardwood floors. Whether you're hosting a dinner party or just enjoying a quiet evening, there's room to spread out without losing that cozy, classic charm. The kitchen is impressively spacious, ready for weeknight meals, weekend baking experiments, and everything in between. A first-floor laundry area right off the kitchen adds convenience. With four bedrooms and two bathrooms, the layout offers flexibility for a home office, guest room, hobby space. This home has so much personality, potential and space do not last long. Schedule your private showing today.

  34. 2026-01-07
    listed $249,900 Active
    Show marketing remark (797 chars)

    This character-filled home greets you with a generous foyer featuring built-in storage and original stained glass that sets the tone immediately. The living and dining rooms feel bright and welcoming, with sunlight bouncing off the hardwood floors. Whether you're hosting a dinner party or just enjoying a quiet evening, there's room to spread out without losing that cozy, classic charm. The kitchen is impressively spacious, ready for weeknight meals, weekend baking experiments, and everything in between. A first-floor laundry area right off the kitchen adds convenience. With four bedrooms and two bathrooms, the layout offers flexibility for a home office, guest room, hobby space. This home has so much personality, potential and space do not last long. Schedule your private showing today.

  35. 2022-03-21
    soldstatus $181,000
  36. 2022-03-11
    soldstatus $185,000 Sold
  37. 2022-03-11
    soldstatus $185,000 Sold
  38. 2022-02-15
    status Pending
  39. 2022-02-15
    status Pending
  40. 2022-02-10
    listed $150,000 Active
  41. 2022-02-10
    listed $150,000 Active
  42. 2022-02-10
    listed $150,000
  43. 2020-11-13
    soldstatus $117,500
  44. 2020-11-06
    soldstatus $117,500
  45. 2020-11-06
    soldstatus $117,500
  46. 2020-10-06
    historical
  47. 2020-10-06
    historical
  48. 2020-10-02
    historical
  49. 2020-10-02
    historical
  50. 2020-10-02
    listed $120,000

ⓘ 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
$3,280 · $273/mo
Projected year-2 tax
$3,333 · $278/mo
Expected delta
+$53/yr (+$4/mo · 1.6%)

ⓘ 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 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$30,150
− Mortgage interest
−$12,318
− Property taxes
−$3,280
− Insurance
−$1,100
− Repairs & maintenance
−$2,412
− Management
−$2,412
− Depreciation
−$6,397
Taxable income
$2,232
combined federal + state — saved on this device
Est. tax owed @ 24.0%
−$536
After-tax cash flow
$5,065/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)
38,487
Household income
$61,461
Rent vs Own
38.0% rent · 62.0% own
Severe rent burden
1625.0

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
Highly diverse neighborhood (Simpson 0.71)
Race & ethnicity
Hispanic / Latino 31% Black 31% White 30% Two or more races 21%
Hispanic origin (detail)
Mexican 18% Puerto Rican 3% Dominican 1%
Common ancestry
Iranian 8% Romanian 2% Lithuanian 1%
Foreign-born
18% · Canada
Languages at home
71% English-only · Spanish 23% Arabic 1% 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
▼ -301.99%
Current HPI
325.3878
Rent YoY
▲ 4.74%
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

+969.3% since first listed
49 events — show timeline
  • 2026-04-15 Price Changed $229,900 MiRealSource-MiMLS
  • 2026-04-15 Price Changed $229,900 REALCOMP
  • 2026-04-15 Price Changed $229,900 SW Michigan MLS
  • 2026-04-02 Relisted MiRealSource-MiMLS
  • 2026-04-02 Relisted REALCOMP
  • 2026-04-02 Relisted SW Michigan MLS
  • 2026-03-13 Pending MiRealSource-MiMLS
  • 2026-03-13 Pending REALCOMP
  • 2026-03-13 Pending SW Michigan MLS
  • 2026-02-12 Price Changed $239,900 MiRealSource-MiMLS
  • 2026-02-12 Price Changed $239,900 REALCOMP
  • 2026-02-12 Price Changed $239,900 SW Michigan MLS
  • 2026-01-29 Price Changed $244,900 MiRealSource-MiMLS
  • 2026-01-28 Price Changed $244,900 REALCOMP
  • 2026-01-28 Price Changed $244,900 SW Michigan MLS
  • 2026-01-07 Listed $249,900 SW Michigan MLS
  • 2026-01-07 Listed $249,900 REALCOMP
  • 2026-01-07 Listed $249,900 MiRealSource-MiMLS
  • 2022-03-21 Sold (Public Records) $181,000 Public Records
  • 2022-03-11 Sold (MLS) $185,000 SW Michigan MLS
  • 2022-03-11 Sold (MLS) $185,000 REALCOMP
  • 2022-02-15 Pending REALCOMP
  • 2022-02-15 Pending SW Michigan MLS
  • 2022-02-10 Listed $150,000 MiRealSource-MiMLS
  • 2022-02-10 Listed $150,000 SW Michigan MLS
  • 2022-02-10 Listed $150,000 REALCOMP
  • 2020-11-13 Sold (Public Records) $117,500 Public Records
  • 2020-11-06 Sold (MLS) $117,500 SW Michigan MLS
  • 2020-11-06 Sold (MLS) $117,500 REALCOMP
  • 2020-10-06 Listing Removed MiRealSource-MiMLS
  • 2020-10-06 Listing Removed REALCOMP
  • 2020-10-02 Listing Removed SW Michigan MLS
  • 2020-10-02 Listing Removed SW Michigan MLS
  • 2020-10-02 Listed $120,000 SW Michigan MLS
  • 2020-10-02 Listed $120,000 MiRealSource-MiMLS
  • 2020-10-02 Listed $120,000 REALCOMP
  • 2020-09-30 Listed $120,000 MiRealSource-MiMLS
  • 2020-09-30 Listed $120,000 SW Michigan MLS
  • 2020-09-30 Listed $120,000 REALCOMP
  • 2019-06-19 Sold (Public Records) $84,000 Public Records
  • 2019-06-17 Sold (MLS) $84,000 SW Michigan MLS
  • 2019-06-17 Sold (MLS) $84,000 REALCOMP
  • 2019-05-15 Pending SW Michigan MLS
  • 2019-04-25 Listed $104,000 MiRealSource-MiMLS
  • 2019-04-25 Listed $104,000 SW Michigan MLS
  • 2019-04-25 Listed $104,000 REALCOMP
  • 2015-02-12 Listing Removed SW Michigan MLS
  • 1990-01-08 Listed $17,900 SW Michigan MLS
  • 1989-03-09 Listed $21,500 SW Michigan MLS

Property tax history

+12.3%/yr

Latest (2025): $3,280 · -3.6% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…