11671 Heron Dr · Lakeview, MI 48850

$39,900

2 bd · 2.0 ba · 684 sqft · SingleFamily public records · 85 Days on market

Built 1973 6,534 sqft lot

---

Why this score? — see what drove the B- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +30.0/30.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +3.2/5.0
• Schools +3.0/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

GREAT FIND: WOW!!! Opportunity time All ! (Sale to be 'AS IS' any/all conditions) SELLER REQUESTING: HIGHEST AND BEST OFFER reviewed 2-28-26 NOON12x60 SINGLE WIDE TRAILER; need some tuning/sharpening up/with little time/expenses you could have a nice property / home / get-a-way. At time NO KNOWN ASSOC fee or membership known; / nice setting on a wooded lot / 8x10ft Storage Shed on lot / convenient to the public boat landing/fishing/all sports and water enjoyment, also a private park for picnics and get togethers, very short distance to Lakeview shopping centers. Enjoy Townline Lake in Montcalm County, Michigan, is a roughly 247-290 acre, all-sports lake known for its recreational opportunities, including boating, swimming, and fishing for bluegill, largemouth bass, northern pike. It features a maximum depth of approx. 49-50 feet, a meso-eutrophic status, and public access via Schmeid County Park ---Call anytime -7-days week for short notice shows/fin/assist

Key facts

• Townline lake
• Wooded lot
• Public boat landing

Tags

• WOODED LOT
• 8X10FT STORAGE SHED
• PUBLIC BOAT LANDING
• PRIVATE PARK
• TOWNLINE LAKE

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath single-family listed at $40k.

Deal economics

• At list price, monthly cash flow is $379 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($829 rent vs $40k).
• Recommended offer: $38k (6.0% below list) — sets the bar for market timing.

Location & tenants

• Location reads 65/100 on livability (#477 in MI) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: schools D+, crime D-, amenities F.
• Lakeview Community Schools (Montcalm) (rural): math 28% / reading 44% proficiency, ranked #281 of 540 in MI (top 52%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 38 active listings in the ZIP; 273 units permitted in Montcalm County in 2024 (5 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $276 of loan paydown is wiped out by about $1k of value loss. Plan a longer hold.
• Montcalm County population projected at -17% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $11k cash investment doubles in ~3 years — after that, you're playing with house money.

Negotiation context

• It's been on market 85 days — a 6% lower offer ($38k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Recommended offer $37,506 (6.0% below list)

Questions for the listing agent

1. It's been on market 85 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Built in 1973 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are 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. 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.
8. 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.
9. 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: 2.08% ✓
• Cap rate: 17.69%
• Cash-on-cash: 40.71%
• DSCR: 2.81
• GRM: 4.0

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 37.2%
• Equity multiple: 2.58×
• Total profit: $17,685
• Equity at exit: $5,949

10-year hold

• IRR: 43.8%
• Equity multiple: 5.17×
• Total profit: $46,532
• Equity at exit: $3,450

Cash invested: $11,172 (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 48850

• Home prices YoY: -22.6%
• Active inventory: 38
• Price-to-rent: 4.0×

Monthly cashflow live

• Estimated rent: $829 medium
• Mortgage (P&I): −$209
• Tax est. 1.5%: −$50 /mo · $598/yr
• Insurance: −$17
• HOA: −$0
• Vacancy / Maint / Mgmt: −$174
• Net cashflow: $379

Break-even live

Break-even rent $349

Max offer price $39,900

Occupancy floor 49%

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: $9,975
• Closing costs: $1,197
• Reserves months: —
• Total cash needed: —

Listing history 6 events

1. 2026-05-17
   status Pending 975-char remark

   Show marketing remark (971 chars)

   GREAT FIND: WOW!!! Opportunity time All ! (Sale to be 'AS IS' any/all conditions) SELLER REQUESTING: HIGHEST AND BEST OFFER reviewed 2-28-26 NOON12x60 SINGLE WIDE TRAILER; need some tuning/sharpening up/with little time/expenses you could have a nice property / home / get-a-way. At time NO KNOWN ASSOC fee or membership known; / nice setting on a wooded lot / 8x10ft Storage Shed on lot / convenient to the public boat landing/fishing/all sports and water enjoyment, also a private park for picnics and get togethers, very short distance to Lakeview shopping centers. Enjoy Townline Lake in Montcalm County, Michigan, is a roughly 247-290 acre, all-sports lake known for its recreational opportunities, including boating, swimming, and fishing for bluegill, largemouth bass, northern pike. It features a maximum depth of approx. 49-50 feet, a meso-eutrophic status, and public access via Schmeid County Park ---Call anytime -7-days week for short notice shows/fin/assist

2. 2026-05-17
   status Pending 971-char remark

   Show marketing remark (971 chars)

   GREAT FIND: WOW!!! Opportunity time All ! (Sale to be 'AS IS' any/all conditions) SELLER REQUESTING: HIGHEST AND BEST OFFER reviewed 2-28-26 NOON12x60 SINGLE WIDE TRAILER; need some tuning/sharpening up/with little time/expenses you could have a nice property / home / get-a-way. At time NO KNOWN ASSOC fee or membership known; / nice setting on a wooded lot / 8x10ft Storage Shed on lot / convenient to the public boat landing/fishing/all sports and water enjoyment, also a private park for picnics and get togethers, very short distance to Lakeview shopping centers. Enjoy Townline Lake in Montcalm County, Michigan, is a roughly 247-290 acre, all-sports lake known for its recreational opportunities, including boating, swimming, and fishing for bluegill, largemouth bass, northern pike. It features a maximum depth of approx. 49-50 feet, a meso-eutrophic status, and public access via Schmeid County Park ---Call anytime -7-days week for short notice shows/fin/assist

3. 2026-05-17
   status Pending

   Show marketing remark (971 chars)

   GREAT FIND: WOW!!! Opportunity time All ! (Sale to be 'AS IS' any/all conditions) SELLER REQUESTING: HIGHEST AND BEST OFFER reviewed 2-28-26 NOON12x60 SINGLE WIDE TRAILER; need some tuning/sharpening up/with little time/expenses you could have a nice property / home / get-a-way. At time NO KNOWN ASSOC fee or membership known; / nice setting on a wooded lot / 8x10ft Storage Shed on lot / convenient to the public boat landing/fishing/all sports and water enjoyment, also a private park for picnics and get togethers, very short distance to Lakeview shopping centers. Enjoy Townline Lake in Montcalm County, Michigan, is a roughly 247-290 acre, all-sports lake known for its recreational opportunities, including boating, swimming, and fishing for bluegill, largemouth bass, northern pike. It features a maximum depth of approx. 49-50 feet, a meso-eutrophic status, and public access via Schmeid County Park ---Call anytime -7-days week for short notice shows/fin/assist

4. 2026-02-21
   listed $39,900 Active 975-char remark

   Show marketing remark (971 chars)

   GREAT FIND: WOW!!! Opportunity time All ! (Sale to be 'AS IS' any/all conditions) SELLER REQUESTING: HIGHEST AND BEST OFFER reviewed 2-28-26 NOON12x60 SINGLE WIDE TRAILER; need some tuning/sharpening up/with little time/expenses you could have a nice property / home / get-a-way. At time NO KNOWN ASSOC fee or membership known; / nice setting on a wooded lot / 8x10ft Storage Shed on lot / convenient to the public boat landing/fishing/all sports and water enjoyment, also a private park for picnics and get togethers, very short distance to Lakeview shopping centers. Enjoy Townline Lake in Montcalm County, Michigan, is a roughly 247-290 acre, all-sports lake known for its recreational opportunities, including boating, swimming, and fishing for bluegill, largemouth bass, northern pike. It features a maximum depth of approx. 49-50 feet, a meso-eutrophic status, and public access via Schmeid County Park ---Call anytime -7-days week for short notice shows/fin/assist

5. 2026-02-21
   listed $39,900 Active 971-char remark

   Show marketing remark (971 chars)

   GREAT FIND: WOW!!! Opportunity time All ! (Sale to be 'AS IS' any/all conditions) SELLER REQUESTING: HIGHEST AND BEST OFFER reviewed 2-28-26 NOON12x60 SINGLE WIDE TRAILER; need some tuning/sharpening up/with little time/expenses you could have a nice property / home / get-a-way. At time NO KNOWN ASSOC fee or membership known; / nice setting on a wooded lot / 8x10ft Storage Shed on lot / convenient to the public boat landing/fishing/all sports and water enjoyment, also a private park for picnics and get togethers, very short distance to Lakeview shopping centers. Enjoy Townline Lake in Montcalm County, Michigan, is a roughly 247-290 acre, all-sports lake known for its recreational opportunities, including boating, swimming, and fishing for bluegill, largemouth bass, northern pike. It features a maximum depth of approx. 49-50 feet, a meso-eutrophic status, and public access via Schmeid County Park ---Call anytime -7-days week for short notice shows/fin/assist

6. 2026-02-21
   listed $39,900 Active

   Show marketing remark (971 chars)

   GREAT FIND: WOW!!! Opportunity time All ! (Sale to be 'AS IS' any/all conditions) SELLER REQUESTING: HIGHEST AND BEST OFFER reviewed 2-28-26 NOON12x60 SINGLE WIDE TRAILER; need some tuning/sharpening up/with little time/expenses you could have a nice property / home / get-a-way. At time NO KNOWN ASSOC fee or membership known; / nice setting on a wooded lot / 8x10ft Storage Shed on lot / convenient to the public boat landing/fishing/all sports and water enjoyment, also a private park for picnics and get togethers, very short distance to Lakeview shopping centers. Enjoy Townline Lake in Montcalm County, Michigan, is a roughly 247-290 acre, all-sports lake known for its recreational opportunities, including boating, swimming, and fishing for bluegill, largemouth bass, northern pike. It features a maximum depth of approx. 49-50 feet, a meso-eutrophic status, and public access via Schmeid County Park ---Call anytime -7-days week for short notice shows/fin/assist

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

Climate risk First Street

• 🌊 Flood 1/10 Low 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥96°F today · 14 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $9,945
• − Mortgage interest: −$2,235
• − Property taxes: −$598
• − Insurance: −$200
• − Repairs & maintenance: −$796
• − Management: −$796
• − Depreciation: −$1,161
• Taxable income: $4,160
• Est. tax owed @ 24.0%: −$998
• After-tax cash flow: $3,549/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: Lakeview Community Schools (Montcalm)
• NCES district ID: 2620910
• Math proficiency: 28% ▼ -8.00%
• Reading proficiency: 44% ▼ -5.00%
• Median HH income: $40,513
• Composite: 30.21/100
• National rank: #6303
• State rank: #281 of 540 in MI

Livability — Lakeview

• Score: 65/100
• State rank: #477
• US rank: #13534

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 4,526

Population outlook (Montcalm County) Hauer SSP2

• Today (2025): 61,011 people
• By 2030: 59,467 · -2.5%
• By 2040: 55,427 · -9.2%
• By 2050: 50,517 · -17.2%
• By 2075: 38,731 · -36.5%
• By 2100: 26,770 · -56.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (86%)
• Race & ethnicity: White 86% Black 7% Two or more races 4% Hispanic / Latino 4%
• Common ancestry: Polish 4% Iranian 3% Lithuanian 2%
• Foreign-born: 1% · Canada
• Languages at home: 95% English-only · German/W. Germanic 4% Spanish 1%

Political lean MEDSL · Montcalm

• 2024 margin: Solid R (+39.0) · D 29.8% · R 68.7% · Other 1.5%
• 2008→2024 swing: -38.7pp toward R · 2008: -0.3pp · 2024: -39.0pp
• All cycles: 2024: R+39.0 2020: R+37.7 2016: R+34.0 2012: R+8.6 2008: R+0.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -80.28%
• Current HPI: 275.5563
• 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

Price history

+0.0% since first listed

6 events — show timeline

• 2026-05-17 Pending — REALCOMP
• 2026-05-17 Pending — MiRealSource-MiMLS
• 2026-05-17 Pending — SW Michigan MLS
• 2026-02-21 Listed $39,900 REALCOMP
• 2026-02-21 Listed $39,900 SW Michigan MLS
• 2026-02-21 Listed $39,900 MiRealSource-MiMLS