908 Eastern Ave SE · Grand Rapids, MI
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $784 – $1,456
Heat risk 2/10 · Minimal
- Hot days now (above 96°F)
- 7 days/yr
- Hot days in 30 yrs
- 16 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 2/10 · Minimal
- Unhealthy air days now
- 2 days/yr
- Unhealthy air days in 30 yrs
- 2 days/yr
Risk factors via First Street. Map © Google.
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
🖨 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
Neighborhood map
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.
Questions for the listing agent
- 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?
- Built in 1880 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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.
- 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.
- 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
- IRR
- -0.6%
- Equity multiple
- 0.98×
- Total profit
- $-1,394
- Equity at exit
- $32,788
- 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
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
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
| Address | Beds | Baths | Sqft | Rent | $/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
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2026-06-21days on market $219,900 Active 145 DOM
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2026-06-18days on market $219,900 Active 142 DOM
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2026-06-17days on market $219,900 Active 141 DOM
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2026-06-16days on market $219,900 Active 140 DOM
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2026-06-15days on market $219,900 Active 139 DOM
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2026-06-14days on market $219,900 Active 137 DOM
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2026-06-13days on market $219,900 Active 136 DOM
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2026-06-10days on market $219,900 Active 134 DOM
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2026-06-09days on market $219,900 Active 133 DOM
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2026-06-08days on market $219,900 Active 132 DOM
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2026-06-07days on market $219,900 Active 131 DOM
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2026-06-05pricedays on market $219,900 Active 128 DOM
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2026-06-03days on market $229,900 Active 127 DOM
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2026-06-03days on market $229,900 Active 126 DOM
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2026-06-01days on market $229,900 Active 125 DOM
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2026-05-31days on market $229,900 Active 124 DOM
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2026-04-15price $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.
-
2026-04-15price $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.
-
2026-04-15price $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.
-
2026-04-02status 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.
-
2026-04-02status 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.
-
2026-04-02status 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.
-
2026-03-13status 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.
-
2026-03-13status 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.
-
2026-03-13status 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.
-
2026-02-12price $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.
-
2026-02-12price $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.
-
2026-02-12price $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.
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2026-01-29price $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.
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2026-01-28price $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.
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2026-01-28price $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.
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2026-01-07$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.
-
2026-01-07$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.
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2026-01-07$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.
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2022-03-21soldstatus $181,000
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2022-03-11soldstatus $185,000 Sold
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2022-03-11soldstatus $185,000 Sold
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2022-02-15status Pending
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2022-02-15status Pending
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2022-02-10$150,000 Active
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2022-02-10$150,000 Active
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2022-02-10$150,000
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2020-11-13soldstatus $117,500
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2020-11-06soldstatus $117,500
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2020-11-06soldstatus $117,500
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2020-10-06historical
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2020-10-06historical
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2020-10-02historical
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2020-10-02historical
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2020-10-02$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
Loading nearby amenities…
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
- 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
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
- 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 |
|---|---|---|
| Automotive Parts | 3 | $48B |
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| Automotive | 2 | $372B |
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| Chemicals | 1 | $45B |
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| Automotive Retail | 1 | $29B |
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| Healthcare / Medical Devices | 1 | $23B |
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| Automotive Technology | 1 | $20B |
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Price history
+969.3% since first listed49 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%/yrLatest (2025): $3,280 · -3.6% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…