1419 Linwood St SE · Grand Rapids, MI 49507

$199,900

3 bd · 1.0 ba · 928 sqft · SingleFamily public records · 4 Days on market

Built 1950 5,663 sqft lot

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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).

• Cash flow +11.5/30.0
• ARV discount +7.5/15.0
• Livability +4.2/5.0
• Rent growth +3.7/5.0
• DSCR +3.4/10.0
• 1% rule +2.7/10.0
• Condition / age +2.5/5.0
• Schools +1.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Alger Heights Bungalow on a quiet street close to shopping , resturants , bus lines and down town Grand Rapid . This home is Move in ready with brand new high energy efficent windows through out , new furnace , updated electrical , new stainless appliances , counter top , tiled back splash , Completely repainted and new flooring through out .

Key facts

• 5,663 sq ft lot
• Garage
• Built 1950

Property features AI

Exterior

• Parking: Detached 1-car garage
• Utilities: Public water available; Public sewer available
• Home design: Single-family residence; One-and-a-half story; Ground-level entry with steps; Vinyl siding
• Construction: Vinyl siding construction
• Exterior features: Paved road access; Lot roughly 43 x 133 (0.13 acres); No pool

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); No central air
• Interior features: Full, unfinished basement; Total of 5 rooms

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $200k.

Deal economics

• At list price, monthly cash flow is $-65 ($-779/yr) — negative.
• To cash-flow at today's rent, offer at most $188k (5.7% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $155k (22.5% below list).
• Recommended offer: $155k (22.5% below list) — sets the bar for 1% rule.
• Cap rate 5.9% 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.
• 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 (+4.7%/yr); 178 active listings in the ZIP; 13 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 77% 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).
• This rent runs 30% of the median local income ($61k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k 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 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 8 sale attempts since 28y 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 1950 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $154,872 (22.5% 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 1950 — 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: 0.77% ✗
• Cap rate: 5.90%
• Cash-on-cash: -1.39%
• DSCR: 0.94
• GRM: 10.8

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -16.8%
• Equity multiple: 0.40×
• Total profit: $-33,802
• Equity at exit: $29,806

10-year hold

• IRR: -6.0%
• Equity multiple: 0.59×
• Total profit: $-23,167
• Equity at exit: $17,284

Cash invested: $55,972 (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 49507

• Rents YoY: 4.7%
• Active inventory: 178
• Price-to-rent: 10.8×

Monthly cashflow live

• Estimated rent: $1,549 high
• Mortgage (P&I): −$1,048
• Tax from tax record: −$157 /mo · $1,882/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$325
• Net cashflow: $-65

Break-even live

Break-even rent $1,631

Max offer price $188,433

Occupancy floor 99%

Sensitivity live

Price	-10% $48	-5% $-8	+0% $-65	+5% $-121	+10% $-178
Rent	-10% $-187	-5% $-126	+0% $-65	+5% $-4	+10% $57
Rate	-1.0pp $36	-0.5pp $-14	base $-65	+0.5pp $-117	+1.0pp $-169

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: $49,975
• Closing costs: $5,997
• Reserves months: —
• Total cash needed: —

Rent comps 13 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1220 Ottillia St SE Unit D Grand Rapids, MI	2.0	1.0	750	$1,150	$1.53	46d	1	0.19mi
950 Merritt St SE Grand Rapids, MI	3.0	1.0	1000	$2,100	$2.10	46d	1	0.54mi
1057 Griggs St SE Grand Rapids, MI	2.0	1.0	1100	$1,550	$1.41	46d	1	0.65mi
1966 Burton St SE Unit IVA24 Grand Rapids, MI	2.0	1.5	860	$1,450	$1.69	46d	1	0.71mi
1966 Burton St SE Unit IVA33 Grand Rapids, MI	2.0	1.5	860	$1,350	$1.57	46d	1	0.71mi
1960 Burton St SE Grand Rapids, MI	1.0–2.0	1.0–1.5	760	$1,450	$1.91	4d	3	0.73mi
1970 Burton St SE Unit IVA40 Grand Rapids, MI	2.0	1.0	800	$1,100	$1.38	46d	1	0.73mi
1970 Burton St SE Unit IVA38 Grand Rapids, MI	2.0	1.0	800	$1,450	$1.81	46d	1	0.73mi
1555 Margaret Ave SE Grand Rapids, MI	2.0	1.0	900	$1,500	$1.67	16d	1	0.75mi
2928 Vineland Ave SE Unit 2928 Grand Rapids, MI	2.0	1.0	1000	$1,450	$1.45	25d	1	0.96mi
459 Dickinson St SE Grand Rapids, MI	2.0	1.0	731	$1,195	$1.63	46d	1	1.32mi
3202 Marshall Ave SE Grand Rapids, MI	2.0	1.0	850	$1,095	$1.29	46d	1	1.40mi
2551 Burton St SE Grand Rapids, MI	2.0	1.0	1000	$1,645	$1.65	46d	1	1.45mi

Listing history 20 events

1. 2026-04-29
   soldstatus $195,000
2. 2026-04-13
   status Pending
3. 2026-04-13
   status Pending
4. 2026-04-09
   listed $199,900 Active
5. 2026-04-09
   listed $199,900 Active
6. 2017-12-18
   soldstatus $129,900
7. 2017-11-30
   soldstatus $129,900 345-char remark

   Show marketing remark (345 chars)

   Alger Heights Bungalow on a quiet street close to shopping , resturants , bus lines and down town Grand Rapid . This home is Move in ready with brand new high energy efficent windows through out , new furnace , updated electrical , new stainless appliances , counter top , tiled back splash , Completely repainted and new flooring through out .

8. 2017-11-30
   soldstatus $129,900 Sold

   Show marketing remark (345 chars)

   Alger Heights Bungalow on a quiet street close to shopping , resturants , bus lines and down town Grand Rapid . This home is Move in ready with brand new high energy efficent windows through out , new furnace , updated electrical , new stainless appliances , counter top , tiled back splash , Completely repainted and new flooring through out .

9. 2017-10-31
   status Pending
10. 2017-10-27
    price $124,900
11. 2017-10-16
    status Active
12. 2017-10-06
    status Pending
13. 2017-10-02
    status Active
14. 2017-09-30
    status Pending
15. 2017-09-28
    listed $128,500 Active

    Show marketing remark (345 chars)

    Alger Heights Bungalow on a quiet street close to shopping , resturants , bus lines and down town Grand Rapid . This home is Move in ready with brand new high energy efficent windows through out , new furnace , updated electrical , new stainless appliances , counter top , tiled back splash , Completely repainted and new flooring through out .

16. 2017-09-28
    listed $124,900 345-char remark

    Show marketing remark (345 chars)

    Alger Heights Bungalow on a quiet street close to shopping , resturants , bus lines and down town Grand Rapid . This home is Move in ready with brand new high energy efficent windows through out , new furnace , updated electrical , new stainless appliances , counter top , tiled back splash , Completely repainted and new flooring through out .

17. 1998-06-26
    soldstatus $76,000
18. 1998-06-26
    soldstatus $76,000
19. 1998-05-23
    listed $78,900
20. 1998-05-23
    listed $78,900

ⓘ 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: $1,882 · $157/mo
• Projected year-2 tax: $2,480 · $207/mo
• Expected delta: +$598/yr (+$50/mo · 31.8%)

ⓘ 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

Taxation est. · year 1

• Rental income: $18,585
• − Mortgage interest: −$11,198
• − Property taxes: −$1,882
• − Insurance: −$1,000
• − Repairs & maintenance: −$1,487
• − Management: −$1,487
• − Depreciation: −$5,815
• Taxable loss: −$4,283
• Est. tax savings @ 24.0%: +$1,028
• After-tax cash flow: $249/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
▸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

+147.1% since first listed

20 events — show timeline

• 2026-04-29 Sold (Public Records) $195,000 Public Records
• 2026-04-13 Pending — MiRealSource-MiMLS
• 2026-04-13 Pending — REALCOMP
• 2026-04-09 Listed $199,900 REALCOMP
• 2026-04-09 Listed $199,900 MiRealSource-MiMLS
• 2017-12-18 Sold (Public Records) $129,900 Public Records
• 2017-11-30 Sold (MLS) $129,900 SW Michigan MLS
• 2017-11-30 Sold (MLS) $129,900 REALCOMP
• 2017-10-31 Pending — SW Michigan MLS
• 2017-10-27 Price Changed $124,900 SW Michigan MLS
• 2017-10-16 Relisted — SW Michigan MLS
• 2017-10-06 Pending — SW Michigan MLS
• 2017-10-02 Relisted — SW Michigan MLS
• 2017-09-30 Pending — SW Michigan MLS
• 2017-09-28 Listed $128,500 SW Michigan MLS
• 2017-09-28 Listed $124,900 REALCOMP
• 1998-06-26 Sold (MLS) $76,000 REALCOMP
• 1998-06-26 Sold (MLS) $76,000 SW Michigan MLS
• 1998-05-23 Listed $78,900 REALCOMP
• 1998-05-23 Listed $78,900 SW Michigan MLS

Property tax history

+5.1%/yr

Latest (2025): $1,882 · -3.6% YoY. Source: county tax records.