333 E Lakewood Blvd #209 · Holland, MI 49424

$99,900

2 bd · 1.0 ba · 927 sqft · Manufactured · 84 Days on market

Built 1973 Good condition $108/sqft · 101% above area ↓ 9% since listing

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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
• ARV discount +7.5/15.0
• Livability +4.1/5.0
• Condition / age +4.0/5.0
• Schools +3.9/10.0
• Rent growth +3.8/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Check out the recently remodeled interior of this home. Updates include new gas stove, refrigerator, built in microwave, dishwasher, steel appliances, windows and 16 new shades, new water heater, new windows and ceiling fan in bedroom, new kitchen sink and faucet and countertop, all this plus brand-new wood flooring throughout. You will also find 2 bedrooms possible 3rd bedroom with the 4-season porch. There is recently added addition that created an open concept living area. Check with park manager about the future lot rent.

Key facts

• Open concept living
• Recently remodeled
• Built in microwave

Tags

• RECENTLY REMODELED
• OPEN CONCEPT LIVING
• NEW GAS STOVE
• NEW REFRIGERATOR
• BUILT IN MICROWAVE
• NEWER APPLIANCES

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath manufactured listed at $100k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $605 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $100k).
• Recommended offer: $94k (6.0% below list) — sets the bar for market timing.
• Cap rate 13.6% vs local median 2.5% in Holland — 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 82/100 on livability (#46 in MI, #1,066 nationally) — a professional / high-income tenant draw. Strengths: cost of living A+, housing A+, health & safety A+; Watch: schools C-, amenities F.
• West Ottawa Public School District (suburban): math 37% / reading 52% proficiency, ranked #140 of 540 in MI (top 26%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+5.1%/yr); 343 active listings in the ZIP; 4 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,237 units permitted in Ottawa County in 2024 (443 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $691 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
• Ottawa County population projected at +24% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.
• At projected returns (-3.0% appreciation + 5.1% 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 84 days — a 6% lower offer ($94k) is reasonable based on typical stale-listing flexibility.
• 5 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 $93,906 (6.0% below list)

Questions for the listing agent

1. It's been on market 84 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. 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: 1.64% ✓
• Cap rate: 13.56%
• Cash-on-cash: 25.97%
• DSCR: 2.16
• GRM: 5.1

CMA / ARV

• ARV (median comp): $49,808
• List price: $99,900
• Delta: 100.57%
• Verdict: OVERPRICED
• Comps: 4 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
333 E Lakewood Blvd #350	0.07mi	2/1.0	896 (-3%)	10mo	$66,000	$74	83
333 E Lakewood Blvd #203	0.00mi	2/2.0	896 (-3%)	10mo	$45,000	$50	82
333 E Lakewood Blvd #87	0.00mi	2/2.0	896 (-3%)	10mo	$75,000	$84	82
333 E Lakewood Blvd #315	0.07mi	2/2.0	896 (-3%)	11mo	$40,000	$45	78

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 · 5.08% rent growth · sell at horizon

5-year hold

• IRR: 22.0%
• Equity multiple: 1.93×
• Total profit: $25,893
• Equity at exit: $14,895

10-year hold

• IRR: 31.4%
• Equity multiple: 4.12×
• Total profit: $87,293
• Equity at exit: $8,638

Cash invested: $27,972 (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 49424

• Rents YoY: 5.1%
• Active inventory: 343
• Price-to-rent: 5.1×

Monthly cashflow live

• Estimated rent: $1,640 medium
• Mortgage (P&I): −$524
• Tax est. 1.5%: −$125 /mo · $1,498/yr
• Insurance: −$42
• HOA: −$0
• Vacancy / Maint / Mgmt: −$344
• Net cashflow: $605

Break-even live

Break-even rent $874

Max offer price $99,900

Occupancy floor 58%

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: $24,975
• Closing costs: $2,997
• Reserves months: —
• Total cash needed: —

Rent comps 4 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2716 Kragspough Ct Holland, MI	2.0	1.0	1000	$1,495	$1.50	14d	1	0.83mi
122 Burke Ave Holland, MI	2.0	1.0	950	$1,325	$1.39	23d	2	1.11mi
12181 Felch St Holland, MI	1.0–3.0	1.0–2.0	890	$1,938	$2.18	3d	2	1.21mi
539 136th Ave Holland, MI	2.0	1.0	889	$1,450	$1.63	3d	1	1.32mi

Listing history 18 events

1. 2026-06-18
   days on market $99,900 Active 84 DOM
2. 2026-06-17
   days on market $99,900 Active 83 DOM
3. 2026-06-16
   days on market $99,900 Active 82 DOM
4. 2026-06-15
   days on market $99,900 Active 81 DOM
5. 2026-06-14
   days on market $99,900 Active 79 DOM
6. 2026-06-10
   days on market $99,900 Active 76 DOM
7. 2026-06-09
   days on market $99,900 Active 75 DOM
8. 2026-06-09
   status $99,900 Active 74 DOM
9. 2026-03-13
   listed $99,900 Active 533-char remark

   Show marketing remark (531 chars)

   Check out the recently remodeled interior of this home. Updates include new gas stove, refrigerator, built in microwave, dishwasher, steel appliances, windows and 16 new shades, new water heater, new windows and ceiling fan in bedroom, new kitchen sink and faucet and countertop, all this plus brand-new wood flooring throughout. You will also find 2 bedrooms possible 3rd bedroom with the 4-season porch. There is recently added addition that created an open concept living area. Check with park manager about the future lot rent.

10. 2026-03-13
    listed $99,900 Active 531-char remark

    Show marketing remark (531 chars)

    Check out the recently remodeled interior of this home. Updates include new gas stove, refrigerator, built in microwave, dishwasher, steel appliances, windows and 16 new shades, new water heater, new windows and ceiling fan in bedroom, new kitchen sink and faucet and countertop, all this plus brand-new wood flooring throughout. You will also find 2 bedrooms possible 3rd bedroom with the 4-season porch. There is recently added addition that created an open concept living area. Check with park manager about the future lot rent.

11. 2026-03-13
    listed $99,900 Active

    Show marketing remark (531 chars)

    Check out the recently remodeled interior of this home. Updates include new gas stove, refrigerator, built in microwave, dishwasher, steel appliances, windows and 16 new shades, new water heater, new windows and ceiling fan in bedroom, new kitchen sink and faucet and countertop, all this plus brand-new wood flooring throughout. You will also find 2 bedrooms possible 3rd bedroom with the 4-season porch. There is recently added addition that created an open concept living area. Check with park manager about the future lot rent.

12. 2025-12-13
    historical
13. 2025-12-12
    historical
14. 2025-08-21
    price $99,900
15. 2025-08-20
    price $99,900
16. 2025-08-20
    price $99,900
17. 2025-05-27
    listed $109,900 Active
18. 2025-05-27
    listed $109,900 Active

ⓘ 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: $19,682
• − Mortgage interest: −$5,596
• − Property taxes: −$1,498
• − Insurance: −$500
• − Repairs & maintenance: −$1,575
• − Management: −$1,575
• − Depreciation: −$2,906
• Taxable income: $6,032
• Est. tax owed @ 24.0%: −$1,448
• After-tax cash flow: $5,816/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 · 12 photos

Good 80/100 Cosmetic rehab

This recently remodeled manufactured home offers a good condition with new updates throughout, making it move-in ready for both resale and rental.

Value-add opportunities

• Both Painting exterior and interior walls — Enhances curb appeal and interior aesthetics
• Both Landscaping improvements — Enhances curb appeal and adds value
• Both New flooring in bathrooms — Improves functionality and aesthetics
• Both New lighting fixtures — Enhances interior aesthetics and functionality

Renovation cost estimate screening

Value-add ROI direction

• Both Painting exterior and interior walls — Enhances curb appeal and interior aesthetics ↑
• Both Landscaping improvements — Enhances curb appeal and adds value ↑
• Both New flooring in bathrooms — Improves functionality and aesthetics ↑
• Both New lighting fixtures — Enhances interior aesthetics and functionality ↑

ⓘ 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: West Ottawa Public School District
• NCES district ID: 2635910
• Math proficiency: 37% ▼ -4.00%
• Reading proficiency: 52% ▼ -4.00%
• Median HH income: $58,127
• Composite: 38.94/100
• National rank: #4087
• State rank: #140 of 540 in MI

Livability — Holland

• Score: 82/100
• State rank: #46
• US rank: #1066

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• County: Ottawa County · 144,142 people
• City population: 96,870
• Metro: Grand Rapids-Kentwood, MI
• Population (ZIP): 49,810
• Household income: $85,478
• Rent vs Own: 23.8% rent · 76.2% own
• Severe rent burden: 864.0

Population outlook (Ottawa County) Hauer SSP2

• Today (2025): 313,561 people
• By 2030: 330,027 · +5.3%
• By 2040: 361,118 · +15.2%
• By 2050: 388,414 · +23.9%
• By 2075: 452,175 · +44.2%
• By 2100: 473,041 · +50.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (65%)
• Race & ethnicity: White 65% Hispanic / Latino 25% Two or more races 10% Asian 6% Black 1%
• Hispanic origin (detail): Mexican 19% Puerto Rican 1%
• Common ancestry: Iranian 22% Romanian 3% Lithuanian 2%
• Foreign-born: 11% · Canada, Vietnam, South Korea
• Languages at home: 80% English-only · Spanish 15% Other Asian/Pacific 3% Vietnamese 1%

Political lean MEDSL · Ottawa

• 2024 margin: Strong R (+20.4) · D 39.0% · R 59.5% · Other 1.5%
• 2008→2024 swing: +3.4pp toward D · 2008: -23.9pp · 2024: -20.4pp
• All cycles: 2024: R+20.4 2020: R+21.5 2016: R+30.4 2012: R+34.2 2008: R+23.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -240.90%
• Current HPI: 252.5142
• Rent YoY: ▲ 5.08%
• 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

-9.1% since first listed

10 events — show timeline

• 2026-03-13 Listed $99,900 SW Michigan MLS
• 2026-03-13 Listed $99,900 MiRealSource-MiMLS
• 2026-03-13 Listed $99,900 REALCOMP
• 2025-12-13 Listing Removed — MiRealSource-MiMLS
• 2025-12-12 Listing Removed — REALCOMP
• 2025-08-21 Price Changed $99,900 MiRealSource-MiMLS
• 2025-08-20 Price Changed $99,900 REALCOMP
• 2025-08-20 Price Changed $99,900 SW Michigan MLS
• 2025-05-27 Listed $109,900 REALCOMP
• 2025-05-27 Listed $109,900 MiRealSource-MiMLS