1708 Hiawatha Rd SE · Grand Rapids, MI 49506

$324,900

3 bd · 1.5 ba · 1,370 sqft · SingleFamily public records · 7 Days on market

Built 1948 7,013 sqft lot $237/sqft · 26% below area Est $438k · 26% under

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Why this score? — see what drove the D 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).

• ARV discount +15.0/15.0
• Cash flow +8.4/30.0
• Rent growth +4.2/5.0
• Livability +4.2/5.0
• Condition / age +2.5/5.0
• DSCR +2.3/10.0
• Schools +1.9/10.0
• 1% rule +1.7/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 1708 Hiawatha Ave! This well-maintained 3-bedroom, 1.5-bath bi-level home offers comfort, charm, and an unbeatable location just one street over from East Grand Rapids. Inside, you'll find beautiful hardwood floors, an updated bathroom, and a cozy gas fireplace perfect for Michigan evenings. The bright 3-season porch with brand-new windows provides a great space to relax or entertain throughout much of the year. Step outside to a fully fenced backyard with low-maintenance white vinyl fencing, offering both privacy and room to enjoy. Nestled on a quiet street, this home combines peaceful living with close proximity to shopping, dining, and all that East Grand Rapids has to offer.

Key facts

• 7,013 sq ft lot
• Garage
• Built 1948

Property features AI

Exterior

• Parking: Attached 1-car garage
• Utilities: Public water
• Home design: Single-family residence; Residential property; Built in 1948
• Construction: Vinyl siding; Asphalt roof; Partial basement
• Exterior features: 0.16-acre lot

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator
• Bathrooms: 1 full bathroom; 1 half bathroom
• Heating & cooling: Forced air heating; Has cooling
• Interior features: Gas log fireplace; Partial basement; 8 total rooms
• Laundry & utility: Washer; Dryer

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $325k.

Deal economics

• At list price, monthly cash flow is $-292 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $273k (15.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $218k (32.8% below list).
• Recommended offer: $218k (32.8% below list) — sets the bar for 1% rule.

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.
• Zoned schools: Mulick Park Elementary School (math 15% / reading 24%, grade F, #1,091 of 1,397 statewide, top 79%, 244 students, 89% FRL); Alger Middle School (math 2% / reading 12%, grade F, #481 of 493 statewide, top 98%, 342 students, 95% FRL); City Middlehigh (math 65% / reading 88%, grade A-, #16 of 713 statewide, top 2%, 908 students, 40% FRL).
• Zoned-school proficiency averages 34% at this address vs 22% district-wide (+12 pts) — the actual schools serving this property are materially stronger than the Grand Rapids Public Schools average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: Rents rising fast (+6.9%/yr); 210 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 53% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 2,253 units permitted in Kent County in 2024 (969 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.
• Kent County population projected at +22% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 7 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 30y ago 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.

Risks & watch-outs

• Watch-outs: built in 1948 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $218,441 (32.8% 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. Built in 1948 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
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: 0.67% ✗
• Cap rate: 5.22%
• Cash-on-cash: -3.85%
• DSCR: 0.83
• GRM: 12.4

CMA / ARV

• ARV (median comp): $437,564
• List price: $324,900
• Delta: -25.75%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1064 Santa Cruz Dr SE	0.40mi	3/1.5	1,367 (-0%)	2mo	$625,000	$457	80
2023 Hall St SE	0.38mi	2/1.0 (-1)	1,323 (-3%)	22mo	$370,000	$280	51
2238 Wilshire Dr SE	0.67mi	3/1.0	1,304 (-5%)	17mo	$450,000	$345	45
2052 Gorham Dr SE	0.69mi	3/2.0	1,484 (+8%)	10mo	$449,900	$303	43
1139 Lakeside Dr SE	0.68mi	3/1.5	1,474 (+8%)	23mo	$455,000	$309	36
709 Gladstone Dr SE	0.69mi	3/1.5	1,574 (+15%)	8mo	$455,000	$289	36
915 Orchard Ave SE	0.73mi	3/2.0	1,548 (+13%)	22mo	$440,000	$284	24

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 · 6.92% rent growth · sell at horizon

5-year hold

• IRR: -19.0%
• Equity multiple: 0.31×
• Total profit: $-62,380
• Equity at exit: $48,444

10-year hold

• IRR: -5.7%
• Equity multiple: 0.57×
• Total profit: $-38,838
• Equity at exit: $28,091

Cash invested: $90,972 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 62 Landlord-Friendly
• State Michigan: 62 Landlord-Friendly · EVEN
• County: — inherits STATE
• City: — inherits STATE

7-day pay-or-quit; mixed climate; Detroit/AA have some protections.

Methodology + full state rankings →

ZIP-level market 49506

• Rents YoY: 6.9%
• Active inventory: 210
• Price-to-rent: 12.4×

Monthly cashflow live

• Estimated rent: $2,184 high
• Mortgage (P&I): −$1,704
• Tax from tax record: −$178 /mo · $2,139/yr
• Insurance: −$135
• HOA: −$0
• Vacancy / Maint / Mgmt: −$459
• Net cashflow: $-292

Break-even live

Break-even rent $2,554

Max offer price $273,367

Occupancy floor —

Sensitivity live

Price	-10% $-108	-5% $-200	+0% $-292	+5% $-384	+10% $-476
Rent	-10% $-464	-5% $-378	+0% $-292	+5% $-205	+10% $-119
Rate	-1.0pp $-128	-0.5pp $-209	base $-292	+0.5pp $-376	+1.0pp $-462

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: $81,225
• Closing costs: $9,747
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1400 Rossman Ave SE Grand Rapids, MI	3.0	1.0	1400	$2,200	$1.57	45d	1	0.31mi
1555 Margaret Ave SE Grand Rapids, MI	2.0	1.0	900	$1,500	$1.67	16d	1	0.49mi
1353 Pinecrest Ave SE Grand Rapids, MI	3.0	1.5	1866	$3,500	$1.88	16d	1	0.55mi
1027 Underwood Ave SE Grand Rapids, MI	4.0	2.0	1600	$2,300	$1.44	16d	1	0.68mi
1057 Griggs St SE Grand Rapids, MI	2.0	1.0	1100	$1,550	$1.41	45d	1	0.99mi
1114 Dunham St SE Unit 1 Grand Rapids, MI	2.0	1.0	894	$1,300	$1.45	45d	1	1.07mi
1400 Wealthy St SE Grand Rapids, MI	2.0	1.0	907	$1,925	$2.12	5d	1	1.14mi
1333 Wealthy St SE Unit 2 Grand Rapids, MI	2.0	1.0	1113	$1,900	$1.71	45d	1	1.19mi
325 Norwood Ave SE Grand Rapids, MI	3.0	1.5	1398	$2,700	$1.93	25d	1	1.21mi
950 Merritt St SE Grand Rapids, MI	3.0	1.0	1000	$2,100	$2.10	45d	1	1.29mi
1031 Merrifield St SE Grand Rapids, MI	3.0	2.0	1238	$2,300	$1.86	16d	1	1.32mi
2551 Burton St SE Grand Rapids, MI	2.0	1.0	1000	$1,645	$1.65	45d	1	1.39mi
2612 Ardmore St SE Grand Rapids, MI	2.0	1.0	1100	$1,600	$1.45	25d	1	1.40mi
729 Bates St SE Unit 1 Grand Rapids, MI	4.0	3.5	1576	$2,395	$1.52	45d	1	1.40mi
258 Orchard Hill St SE Grand Rapids, MI	3.0	1.0	1300	$1,900	$1.46	45d	1	1.42mi

Listing history 10 events

1. 2026-05-11
   status Pending 698-char remark

   Show marketing remark (698 chars)

   Welcome to 1708 Hiawatha Ave! This well-maintained 3-bedroom, 1.5-bath bi-level home offers comfort, charm, and an unbeatable location just one street over from East Grand Rapids. Inside, you'll find beautiful hardwood floors, an updated bathroom, and a cozy gas fireplace perfect for Michigan evenings. The bright 3-season porch with brand-new windows provides a great space to relax or entertain throughout much of the year. Step outside to a fully fenced backyard with low-maintenance white vinyl fencing, offering both privacy and room to enjoy. Nestled on a quiet street, this home combines peaceful living with close proximity to shopping, dining, and all that East Grand Rapids has to offer.

2. 2026-05-11
   status Pending 698-char remark

   Show marketing remark (698 chars)

   Welcome to 1708 Hiawatha Ave! This well-maintained 3-bedroom, 1.5-bath bi-level home offers comfort, charm, and an unbeatable location just one street over from East Grand Rapids. Inside, you'll find beautiful hardwood floors, an updated bathroom, and a cozy gas fireplace perfect for Michigan evenings. The bright 3-season porch with brand-new windows provides a great space to relax or entertain throughout much of the year. Step outside to a fully fenced backyard with low-maintenance white vinyl fencing, offering both privacy and room to enjoy. Nestled on a quiet street, this home combines peaceful living with close proximity to shopping, dining, and all that East Grand Rapids has to offer.

3. 2026-05-11
   status Pending

   Show marketing remark (698 chars)

   Welcome to 1708 Hiawatha Ave! This well-maintained 3-bedroom, 1.5-bath bi-level home offers comfort, charm, and an unbeatable location just one street over from East Grand Rapids. Inside, you'll find beautiful hardwood floors, an updated bathroom, and a cozy gas fireplace perfect for Michigan evenings. The bright 3-season porch with brand-new windows provides a great space to relax or entertain throughout much of the year. Step outside to a fully fenced backyard with low-maintenance white vinyl fencing, offering both privacy and room to enjoy. Nestled on a quiet street, this home combines peaceful living with close proximity to shopping, dining, and all that East Grand Rapids has to offer.

4. 2026-05-04
   listed $324,900 Active 698-char remark

   Show marketing remark (698 chars)

   Welcome to 1708 Hiawatha Ave! This well-maintained 3-bedroom, 1.5-bath bi-level home offers comfort, charm, and an unbeatable location just one street over from East Grand Rapids. Inside, you'll find beautiful hardwood floors, an updated bathroom, and a cozy gas fireplace perfect for Michigan evenings. The bright 3-season porch with brand-new windows provides a great space to relax or entertain throughout much of the year. Step outside to a fully fenced backyard with low-maintenance white vinyl fencing, offering both privacy and room to enjoy. Nestled on a quiet street, this home combines peaceful living with close proximity to shopping, dining, and all that East Grand Rapids has to offer.

5. 2026-05-04
   listed $324,900 Active 698-char remark

   Show marketing remark (698 chars)

   Welcome to 1708 Hiawatha Ave! This well-maintained 3-bedroom, 1.5-bath bi-level home offers comfort, charm, and an unbeatable location just one street over from East Grand Rapids. Inside, you'll find beautiful hardwood floors, an updated bathroom, and a cozy gas fireplace perfect for Michigan evenings. The bright 3-season porch with brand-new windows provides a great space to relax or entertain throughout much of the year. Step outside to a fully fenced backyard with low-maintenance white vinyl fencing, offering both privacy and room to enjoy. Nestled on a quiet street, this home combines peaceful living with close proximity to shopping, dining, and all that East Grand Rapids has to offer.

6. 2026-05-04
   listed $324,900 Active

   Show marketing remark (698 chars)

   Welcome to 1708 Hiawatha Ave! This well-maintained 3-bedroom, 1.5-bath bi-level home offers comfort, charm, and an unbeatable location just one street over from East Grand Rapids. Inside, you'll find beautiful hardwood floors, an updated bathroom, and a cozy gas fireplace perfect for Michigan evenings. The bright 3-season porch with brand-new windows provides a great space to relax or entertain throughout much of the year. Step outside to a fully fenced backyard with low-maintenance white vinyl fencing, offering both privacy and room to enjoy. Nestled on a quiet street, this home combines peaceful living with close proximity to shopping, dining, and all that East Grand Rapids has to offer.

7. 1996-12-09
   soldstatus $84,200
8. 1996-12-09
   soldstatus $84,200
9. 1996-10-14
   listed $89,900
10. 1996-10-14
    listed $89,900

ⓘ 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: $2,139 · $178/mo
• Projected year-2 tax: $3,571 · $298/mo
• Expected delta: +$1,432/yr (+$119/mo · 67.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 4/10 Moderate FEMA zone X (unshaded) · 24% 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

Taxation est. · year 1

• Rental income: $26,213
• − Mortgage interest: −$18,199
• − Property taxes: −$2,139
• − Insurance: −$1,624
• − Repairs & maintenance: −$2,097
• − Management: −$2,097
• − Depreciation: −$9,452
• Taxable loss: −$9,395
• Est. tax savings @ 24.0%: +$2,255
• After-tax cash flow: $-1,246/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): 34,673
• Household income: $118,131
• Rent vs Own: 24.9% rent · 75.1% own
• Severe rent burden: 544.0

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: Predominantly White (76%)
• Race & ethnicity: White 76% Black 11% Two or more races 7% Hispanic / Latino 4% Asian 2%
• Common ancestry: Iranian 16% Romanian 6% Italian 3%
• Foreign-born: 6% · Canada, China
• Languages at home: 93% English-only · Spanish 3% Other Indo-European 1% Russian/Polish/Slavic 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: ▼ -367.25%
• Current HPI: 316.2553
• Rent YoY: ▲ 6.92%
• 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
▸Automotive	2	$372B
▸Chemicals	1	$45B
▸Automotive Retail	1	$29B
▸Healthcare / Medical Devices	1	$23B
▸Automotive Technology	1	$20B

Price history

+261.4% since first listed

13 events — show timeline

• 2026-06-09 Sold (MLS) $324,900 REALCOMP
• 2026-06-09 Sold (MLS) $324,900 SW Michigan MLS
• 2026-06-09 Sold (MLS) $324,900 MiRealSource-MiMLS
• 2026-05-11 Pending — REALCOMP
• 2026-05-11 Pending — MiRealSource-MiMLS
• 2026-05-11 Pending — SW Michigan MLS
• 2026-05-04 Listed $324,900 REALCOMP
• 2026-05-04 Listed $324,900 SW Michigan MLS
• 2026-05-04 Listed $324,900 MiRealSource-MiMLS
• 1996-12-09 Sold (MLS) $84,200 REALCOMP
• 1996-12-09 Sold (MLS) $84,200 SW Michigan MLS
• 1996-10-14 Listed $89,900 REALCOMP
• 1996-10-14 Listed $89,900 SW Michigan MLS

Property tax history

+3.1%/yr

Latest (2025): $2,139 · +2.4% YoY. Source: county tax records.