7435 Bronco Dr SE · Caledonia, MI 49316

$94,900

3 bd · 2.0 ba · 1,456 sqft · Manufactured · 33 Days on market

Built 2017 Good condition $65/sqft · 25% below area Est $127k · 25% under $788/mo HOA · 33% of rent

---

Why this score? — see what drove the A- 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
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +5.6/10.0
• Condition / age +4.0/5.0
• Livability +3.9/5.0
• Rent growth +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to Country Meadows Village in Caledonia! This 3-bedroom, 2-bath home offers 1,456 sq ft of comfortable living space with an open-concept kitchen and living area--perfect for everyday living and entertaining. Built in 2017 and 28'x52'. The kitchen features a pantry and a brand-new dishwasher, while all bedrooms include walk-in closets for ample storage. Enjoy added convenience with a storage shed and low-maintenance living in this pet-friendly community. Residents have access to fantastic amenities including an indoor pool, fitness center, playground, basketball half-court, RV storage, social events, and a catch-and-release lake. Tucked in a peaceful setting just minutes from Grand Rapids, shopping, dining, and top-rated Caledonia schools--this is a great place to call home!

Key facts

• Fitness center
• Open-concept kitchen
• Walk-in closets

Tags

• OPEN-CONCEPT KITCHEN
• WALK-IN CLOSETS
• STORAGE SHED
• INDOOR POOL
• FITNESS CENTER
• BASKETBALL HALF-COURT

Property features AI

Finance

• Other: Living area approximately 1,456
• HOA & community: Community clubhouse; Fitness center; Indoor pool; Meeting room; Playground; Pets allowed; Monthly association fee covers water, trash, and sewer

Exterior

• Utilities: Natural gas available and connected; Electricity available
• Home design: Ranch-style; Residential property; Built in 2017
• Construction: Vinyl siding; Composition roof
• Exterior features: Sidewalk; Shed(s); Paved road access; Public water

Interior

• Kitchen: Dishwasher; Range; Refrigerator
• Bathrooms: 2 full bathrooms
• Heating & cooling: Forced air heating; Has heating; Has cooling
• Interior features: Eat-in kitchen; Pantry; Screens on windows; 7 total rooms

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $95k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $418 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $95k).
• Recommended offer: $92k (3.0% below list) — sets the bar for market timing.
• Cap rate 11.6% vs local median 2.7% in Caledonia — 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 78/100 on livability (#101 in MI, #2,449 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, cost of living A+; Watch: amenities F, commute F, health & safety F.
• Caledonia Community Schools (suburban): math 58% / reading 68% proficiency, ranked #26 of 540 in MI (top 5%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 13% free/reduced lunch — higher-income household profile.
• Zoned schools: Emmons Lake Elementary School (math 56% / reading 66%, grade B, #190 of 1,397 statewide, top 14%, 400 students, 24% FRL); Kraft Meadows Intermediate School (math 54% / reading 67%, grade B+, #51 of 493 statewide, top 11%, 683 students, 23% FRL); Caledonia High School (math 47% / reading 73%, grade C+, #73 of 713 statewide, top 11%, 1,464 students, 20% FRL).
• Market conditions: 257 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 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 $656 of loan paydown is wiped out by about $3k 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 + 3.0% rent growth), your $27k cash investment doubles in ~7 years — after that, you're playing with house money.

Negotiation context

• It's been on market 33 days — a 3% lower offer ($92k) 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.

Risks & watch-outs

• Watch-outs: HOA is 33% of rent.

Recommended offer $92,053 (3.0% below list)

Questions for the listing agent

1. It's been on market 33 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
5. 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.
6. 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.
7. 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: 2.48% ✓
• Cap rate: 11.58%
• Cash-on-cash: 18.87%
• DSCR: 1.84
• GRM: 3.4

CMA / ARV

• ARV (median comp): $126,762
• List price: $94,900
• Delta: -25.14%
• Verdict: UNDERPRICED
• Comps: 2 within 1.0 mi

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5505 Filly Dr SE	0.12mi	3/2.0	1,463 (+0%)	15mo	$65,000	$44	81
7397 Bronco Dr	0.05mi	3/2.5	1,568 (+8%)	17mo	$114,000	$73	68
5492 Prancer Dr SE	0.06mi	4/2.0 (+1)	1,620 (+11%)	6mo	$117,500	$73	68

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 11.1%
• Equity multiple: 1.44×
• Total profit: $11,751
• Equity at exit: $14,150

10-year hold

• IRR: 20.4%
• Equity multiple: 2.75×
• Total profit: $46,607
• Equity at exit: $8,205

Cash invested: $26,572 (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.

Methodology + full state rankings →

ZIP-level market 49316

• Home prices YoY: -33.4%
• Active inventory: 257
• Price-to-rent: 3.4×

Monthly cashflow live

• Estimated rent: $2,356 medium
• Mortgage (P&I): −$498
• Tax est. 1.5%: −$119 /mo · $1,424/yr
• Insurance: −$40
• HOA: −$788
• Vacancy / Maint / Mgmt: −$495
• Net cashflow: $418

Break-even live

Break-even rent $1,828

Max offer price $94,900

Occupancy floor 77%

Sensitivity live

Price	-10% $483	-5% $451	+0% $418	+5% $385	+10% $352
Rent	-10% $232	-5% $325	+0% $418	+5% $511	+10% $604
Rate	-1.0pp $466	-0.5pp $442	base $418	+0.5pp $393	+1.0pp $368

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: $23,725
• Closing costs: $2,847
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
7428 Traditional Ct SE Caledonia, MI	3.0	2.0	1551	$2,695	$1.74	16d	1	0.36mi

HOA detail

• Monthly dues: $788 · $9,456/yr
• Likely covers: poolgym

Listing history 8 events

1. 2026-06-07
   status $94,900 Pending 33 DOM
2. 2026-06-03
   days on market $94,900 Active 33 DOM

   Show marketing remark (792 chars)

   Welcome to Country Meadows Village in Caledonia! This 3-bedroom, 2-bath home offers 1,456 sq ft of comfortable living space with an open-concept kitchen and living area--perfect for everyday living and entertaining. Built in 2017 and 28'x52'. The kitchen features a pantry and a brand-new dishwasher, while all bedrooms include walk-in closets for ample storage. Enjoy added convenience with a storage shed and low-maintenance living in this pet-friendly community. Residents have access to fantastic amenities including an indoor pool, fitness center, playground, basketball half-court, RV storage, social events, and a catch-and-release lake. Tucked in a peaceful setting just minutes from Grand Rapids, shopping, dining, and top-rated Caledonia schools--this is a great place to call home!

3. 2026-06-03
   days on market $94,900 Active 32 DOM

   Show marketing remark (792 chars)

   Welcome to Country Meadows Village in Caledonia! This 3-bedroom, 2-bath home offers 1,456 sq ft of comfortable living space with an open-concept kitchen and living area--perfect for everyday living and entertaining. Built in 2017 and 28'x52'. The kitchen features a pantry and a brand-new dishwasher, while all bedrooms include walk-in closets for ample storage. Enjoy added convenience with a storage shed and low-maintenance living in this pet-friendly community. Residents have access to fantastic amenities including an indoor pool, fitness center, playground, basketball half-court, RV storage, social events, and a catch-and-release lake. Tucked in a peaceful setting just minutes from Grand Rapids, shopping, dining, and top-rated Caledonia schools--this is a great place to call home!

4. 2026-06-01
   days on market $94,900 Active 31 DOM
5. 2026-05-31
   days on market $94,900 Active 30 DOM
6. 2026-04-29
   listed $94,900 Active 792-char remark

   Show marketing remark (792 chars)

   Welcome to Country Meadows Village in Caledonia! This 3-bedroom, 2-bath home offers 1,456 sq ft of comfortable living space with an open-concept kitchen and living area--perfect for everyday living and entertaining. Built in 2017 and 28'x52'. The kitchen features a pantry and a brand-new dishwasher, while all bedrooms include walk-in closets for ample storage. Enjoy added convenience with a storage shed and low-maintenance living in this pet-friendly community. Residents have access to fantastic amenities including an indoor pool, fitness center, playground, basketball half-court, RV storage, social events, and a catch-and-release lake. Tucked in a peaceful setting just minutes from Grand Rapids, shopping, dining, and top-rated Caledonia schools--this is a great place to call home!

7. 2026-04-29
   listed $94,900 Active 792-char remark

   Show marketing remark (792 chars)

   Welcome to Country Meadows Village in Caledonia! This 3-bedroom, 2-bath home offers 1,456 sq ft of comfortable living space with an open-concept kitchen and living area--perfect for everyday living and entertaining. Built in 2017 and 28'x52'. The kitchen features a pantry and a brand-new dishwasher, while all bedrooms include walk-in closets for ample storage. Enjoy added convenience with a storage shed and low-maintenance living in this pet-friendly community. Residents have access to fantastic amenities including an indoor pool, fitness center, playground, basketball half-court, RV storage, social events, and a catch-and-release lake. Tucked in a peaceful setting just minutes from Grand Rapids, shopping, dining, and top-rated Caledonia schools--this is a great place to call home!

8. 2026-04-29
   listed $94,900 Active

   Show marketing remark (792 chars)

   Welcome to Country Meadows Village in Caledonia! This 3-bedroom, 2-bath home offers 1,456 sq ft of comfortable living space with an open-concept kitchen and living area--perfect for everyday living and entertaining. Built in 2017 and 28'x52'. The kitchen features a pantry and a brand-new dishwasher, while all bedrooms include walk-in closets for ample storage. Enjoy added convenience with a storage shed and low-maintenance living in this pet-friendly community. Residents have access to fantastic amenities including an indoor pool, fitness center, playground, basketball half-court, RV storage, social events, and a catch-and-release lake. Tucked in a peaceful setting just minutes from Grand Rapids, shopping, dining, and top-rated Caledonia schools--this is a great place to call home!

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

Taxation est. · year 1

• Rental income: $28,278
• − Mortgage interest: −$5,316
• − Property taxes: −$1,424
• − Insurance: −$474
• − Repairs & maintenance: −$2,262
• − Management: −$2,262
• − HOA: −$9,456
• − Depreciation: −$2,761
• Taxable income: $4,323
• Est. tax owed @ 24.0%: −$1,037
• After-tax cash flow: $3,976/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.

Condition & rehab AI · 6 photos

Good 80/100 Cosmetic rehab

This 2017-built home in Country Meadows Village offers a good condition with minimal repairs needed. Painting the exterior and replacing the carpet would significantly enhance its resale and rental value.

Value-add opportunities

• Both Paint exterior — Enhances curb appeal and value
• Both Replace carpet — Fresh carpet improves comfort and value

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior — Enhances curb appeal and value ↑
• Both Replace carpet — Fresh carpet improves comfort and value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Caledonia Community Schools
• NCES district ID: 2607620
• Math proficiency: 58% ▲ 2.00%
• Reading proficiency: 68% ▲ 1.00%
• Median HH income: $75,649
• Composite: 55.98/100
• National rank: #1196
• State rank: #26 of 540 in MI

Livability — Caledonia

• Score: 78/100
• State rank: #101
• US rank: #2449

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Kent County · 533,805 people
• Metro: Grand Rapids-Kentwood, MI
• Population (ZIP): 26,427
• Household income: $103,238
• Rent vs Own: 10.1% rent · 89.9% own
• Severe rent burden: 96.0

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 (82%)
• Race & ethnicity: White 82% Two or more races 8% Hispanic / Latino 7% Asian 5% Black 2%
• Hispanic origin (detail): Mexican 2%
• Common ancestry: Iranian 21% Romanian 7% Slovak 2%
• Foreign-born: 7% · Canada, Vietnam, China
• Languages at home: 92% English-only · Spanish 2% Vietnamese 2% Chinese 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: ▼ -117.75%
• Current HPI: 235.3555
• Rent YoY: —
• 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

+0.0% since first listed

6 events — show timeline

• 2026-06-03 Pending — REALCOMP
• 2026-06-03 Pending — MiRealSource-MiMLS
• 2026-06-03 Pending — SW Michigan MLS
• 2026-04-29 Listed $94,900 SW Michigan MLS
• 2026-04-29 Listed $94,900 MiRealSource-MiMLS
• 2026-04-29 Listed $94,900 REALCOMP