4763 Oak Lawn · Mattawan, MI 49009

$99,299

3 bd · 2.0 ba · 1,456 sqft · Manufactured · 236 Days on market

Built 2025 Good condition $68/sqft · 13% above area Est $88k · 13% over

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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
• Schools +5.1/10.0
• Condition / age +4.0/5.0
• Livability +3.6/5.0
• ARV discount +1.7/15.0
• Rent growth +1.3/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Be the first to live in this brand new 2025 energy efficient Clayton home, located in Woodland Estates. E. H. O.

Key facts

• Woodland estates
• Brand new
• Energy efficient

Tags

• ENERGY EFFICIENT
• BRAND NEW
• WOODLAND ESTATES

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath manufactured listed at $99k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $643 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $99k).
• Recommended offer: $87k (12.0% below list) — sets the bar for market timing.
• Cap rate 14.1% vs local median 2.4% in Mattawan — 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 72/100 on livability (#235 in MI) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A-; Watch: crime D, amenities F, commute F.
• Mattawan Consolidated School (suburban): math 51% / reading 62% proficiency, ranked #50 of 540 in MI (top 9%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 15% free/reduced lunch — higher-income household profile.
• Market conditions: Rents falling (-5.0%/yr); 378 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 339 units permitted in Kalamazoo County in 2024 (22 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $686 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Kalamazoo County population projected at +18% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 0.0% rent growth), your $28k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 236 days — a 12% lower offer ($87k) is reasonable based on typical stale-listing flexibility.
• 2 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 $87,383 (12.0% below list)

Questions for the listing agent

1. It's been on market 236 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Schools are B-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. 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?
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: 1.69% ✓
• Cap rate: 14.07%
• Cash-on-cash: 27.76%
• DSCR: 2.24
• GRM: 4.9

CMA / ARV

• ARV (median comp): $88,000
• List price: $99,299
• Delta: 12.84%
• Verdict: OVERPRICED
• Comps: 1 within 2.0 mi

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
8959 Meadowview Dr	0.20mi	3/2.0	1,500 (+3%)	2mo	$88,000	$59	84

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 · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 18.4%
• Equity multiple: 1.72×
• Total profit: $19,968
• Equity at exit: $14,806

10-year hold

• IRR: 24.6%
• Equity multiple: 2.84×
• Total profit: $51,182
• Equity at exit: $8,586

Cash invested: $27,804 (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 49009

• Rents YoY: -5.0%
• Active inventory: 378
• Price-to-rent: 4.9×

Monthly cashflow live

• Estimated rent: $1,683 medium
• Mortgage (P&I): −$521
• Tax est. 1.5%: −$124 /mo · $1,489/yr
• Insurance: −$41
• HOA: −$0
• Vacancy / Maint / Mgmt: −$353
• Net cashflow: $643

Break-even live

Break-even rent $869

Max offer price $99,299

Occupancy floor 57%

Sensitivity live

Price	-10% $712	-5% $678	+0% $643	+5% $609	+10% $575
Rent	-10% $510	-5% $577	+0% $643	+5% $710	+10% $776
Rate	-1.0pp $693	-0.5pp $668	base $643	+0.5pp $617	+1.0pp $591

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: $24,825
• Closing costs: $2,979
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4797 S 4th St Kalamazoo, MI	2.0–3.0	1.0–2.0	1064	$1,669	$1.57	14d	1	0.27mi

Listing history 15 events

1. 2026-06-10
   days on market $99,299 Active 236 DOM
2. 2026-06-09
   days on market $99,299 Active 235 DOM
3. 2026-06-08
   days on market $99,299 Active 234 DOM
4. 2026-06-07
   days on market $99,299 Active 233 DOM
5. 2026-06-05
   days on market $99,299 Active 230 DOM
6. 2026-06-03
   days on market $99,299 Active 229 DOM
7. 2026-06-02
   days on market $99,299 Active 228 DOM
8. 2026-06-01
   days on market $99,299 Active 227 DOM
9. 2026-05-31
   days on market $99,299 Active 226 DOM
10. 2026-05-30
    days on market $99,299 Active 225 DOM
11. 2026-05-12
    price $99,299 112-char remark

    Show marketing remark (112 chars)

    Be the first to live in this brand new 2025 energy efficient Clayton home, located in Woodland Estates. E. H. O.

12. 2026-05-09
    status Active 112-char remark

    Show marketing remark (112 chars)

    Be the first to live in this brand new 2025 energy efficient Clayton home, located in Woodland Estates. E. H. O.

13. 2026-05-09
    price $98,299 112-char remark

    Show marketing remark (112 chars)

    Be the first to live in this brand new 2025 energy efficient Clayton home, located in Woodland Estates. E. H. O.

14. 2025-10-30
    historical 112-char remark

    Show marketing remark (112 chars)

    Be the first to live in this brand new 2025 energy efficient Clayton home, located in Woodland Estates. E. H. O.

15. 2025-04-08
    listed $99,900 Active 112-char remark

    Show marketing remark (112 chars)

    Be the first to live in this brand new 2025 energy efficient Clayton home, located in Woodland Estates. E. H. O.

ⓘ 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: $20,194
• − Mortgage interest: −$5,562
• − Property taxes: −$1,489
• − Insurance: −$496
• − Repairs & maintenance: −$1,616
• − Management: −$1,616
• − Depreciation: −$2,889
• Taxable income: $6,526
• Est. tax owed @ 24.0%: −$1,566
• After-tax cash flow: $6,152/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 · 1 photo

Good 80/100 Cosmetic rehab

This manufactured home is in good condition with a fresh paint job and minimal maintenance needed. It offers a good starting point for an investor looking to make cosmetic improvements and increase its value.

Value-add opportunities

• Both Painting exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics
• Both Landscaping and curb appeal improvements — Enhances curb appeal and can attract more potential buyers
• Both Add a small front porch or patio — Can increase both resale and rental value by providing a welcoming space

Renovation cost estimate screening

Value-add ROI direction

• Both Painting exterior and interior walls — Fresh paint enhances curb appeal and interior aesthetics ↑
• Both Landscaping and curb appeal improvements — Enhances curb appeal and can attract more potential buyers ↑
• Both Add a small front porch or patio — Can increase both resale and rental value by providing a welcoming space ↑

ⓘ 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: Mattawan Consolidated School
• NCES district ID: 2623250
• Math proficiency: 51% ▼ -8.00%
• Reading proficiency: 62% ▼ -5.00%
• Median HH income: $76,525
• Composite: 50.67/100
• National rank: #1825
• State rank: #50 of 540 in MI

Livability — Mattawan

• Score: 72/100
• State rank: #235
• US rank: #5936

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Kalamazoo County · 224,317 people
• City population: 11,839
• Metro: Kalamazoo-Portage, MI
• Population (ZIP): 47,971
• Household income: $80,930
• Rent vs Own: 35.6% rent · 64.4% own
• Severe rent burden: 1579.0

Population outlook (Kalamazoo County) Hauer SSP2

• Today (2025): 280,982 people
• By 2030: 292,068 · +3.9%
• By 2040: 312,191 · +11.1%
• By 2050: 331,196 · +17.9%
• By 2075: 379,021 · +34.9%
• By 2100: 396,579 · +41.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (75%)
• Race & ethnicity: White 75% Two or more races 9% Black 8% Asian 5% Hispanic / Latino 4%
• Common ancestry: Iranian 9% Romanian 6% Lithuanian 2%
• Foreign-born: 9% · Canada, China
• Languages at home: 88% English-only · Other Indo-European 3% Arabic 2% Spanish 2%

Political lean MEDSL · Kalamazoo

• 2024 margin: D (+17.7) · D 58.0% · R 40.3% · Other 1.7%
• 2008→2024 swing: -1.8pp toward R · 2008: 19.5pp · 2024: 17.7pp
• All cycles: 2024: D+17.7 2020: D+18.7 2016: D+12.8 2012: D+13.3 2008: D+19.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -207.34%
• Current HPI: 209.5649
• Rent YoY: ▼ -4.96%
• Metro: Kalamazoo-Portage, 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

-0.6% since first listed

5 events — show timeline

• 2026-05-12 Price Changed $99,299 Zillow
• 2026-05-09 Relisted — Zillow
• 2026-05-09 Price Changed $98,299 Zillow
• 2025-10-30 Delisted — Zillow
• 2025-04-08 Listed $99,900 Zillow