3352 68th St SW · Byron Center, MI 49315

$375,000

4 bd · 2.0 ba · 1,050 sqft · SingleFamily · 16 Days on market

Built 1972 Est $281k · 33% over

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Why this score? — see what drove the C+ 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 +29.3/30.0
• DSCR +10.0/10.0
• 1% rule +7.3/10.0
• Schools +6.2/10.0
• Livability +3.7/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks

We just listed our home (in Byron Center) for sale by owner. Asking $375,000. 3 bedroom and 1-1/2 bath ranch in popular Byron Center schools. What we love most about our home is the view from our back deck. Considering all offers. Buyer to pay closing costs & amp; fees. We are bidding on another home so the sale of our home is contingent on our offer being accepted by the other party of the new home. Address is: 3352 68th St SW Byron Center, MI 49315 Byron Center School District Elementary school for our side of street is Brown School. Currently our grown daughter and grandson live downstairs. The egress window is in finished side of the basement. I would say half the basement is fi

Key facts

• View from back deck
• New roofing
• Huge back deck

Tags

• VIEW FROM BACK DECK
• FINISHED SIDE OF BASEMENT
• NEW ROOFING
• HUGE BACK DECK
• NICE FRONT DECK
• APPLIANCES TO GO WITH HOUSE

What this means for you Summary

Snapshot

• This is a 4-bed/2.0-bath single-family listed at $375k.

Deal economics

• At list price, monthly cash flow is $1k ($16k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($5k rent vs $375k).
• Recommended offer: $369k (1.5% below list) — sets the bar for market timing.
• Cap rate 10.5% vs local median 2.0% in Byron Center — 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 74/100 on livability (#195 in MI, #4,944 nationally) — a middle-class / working-renter tenant base. Strengths: schools A+, crime A+, employment A+; Watch: amenities F, commute F, health & safety F.
• Byron Center Public Schools (suburban): math 69% / reading 73% proficiency, ranked #15 of 540 in MI (top 3%) — strong family-tenant draw, lease renewals of 3-5y typical; only 20% free/reduced lunch — higher-income household profile.
• Market conditions: 285 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 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 $3k of loan paydown is wiped out by about $11k 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 $105k cash investment doubles in ~8 years — after that, you're playing with house money.

Negotiation context

• It's been on market 16 days — a 2% lower offer ($369k) is reasonable based on typical stale-listing flexibility.

Recommended offer $369,375 (1.5% below list)

Questions for the listing agent

1. Built in 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 1.23% ✓
• Cap rate: 10.51%
• Cash-on-cash: 15.07%
• DSCR: 1.67
• GRM: 6.8

CMA / ARV

• ARV (on-the-fly): $281,400
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
6338 Ivanrest Ave SW	0.63mi	3/1.0 (-1)	1,086 (+3%)	13mo	$291,000	$268	45

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: 5.7%
• Equity multiple: 1.22×
• Total profit: $23,102
• Equity at exit: $55,914

10-year hold

• IRR: 15.1%
• Equity multiple: 2.22×
• Total profit: $127,835
• Equity at exit: $32,423

Cash invested: $105,000 (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 49315

• Active inventory: 285
• Price-to-rent: 6.8×

Monthly cashflow live

• Estimated rent: $4,601 medium
• Mortgage (P&I): −$1,967
• Tax from tax record: −$194 /mo · $2,326/yr
• Insurance: −$156
• HOA: −$0
• Vacancy / Maint / Mgmt: −$966
• Net cashflow: $1,318

Break-even live

Break-even rent $2,932

Max offer price $375,000

Occupancy floor 66%

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: $93,750
• Closing costs: $11,250
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5898 Grenache Ave Unit 1541450P Wyoming, MI	3.0	3.0	1194	$5,690	$4.77	14d	1	1.35mi
4087 64th St SW Wyoming, MI	2.0–3.0	2.5	1446	$3,245	$2.24	2d	19	1.39mi

Listing history 12 events

1. 2026-06-15
   days on market $375,000 Active 16 DOM
2. 2026-06-14
   days on market $375,000 Active 14 DOM
3. 2026-06-10
   days on market $375,000 Active 11 DOM
4. 2026-06-09
   days on market $375,000 Active 10 DOM
5. 2026-06-08
   days on market $375,000 Active 9 DOM
6. 2026-06-07
   days on market $375,000 Active 8 DOM
7. 2026-06-05
   days on market $375,000 Active 5 DOM
8. 2026-06-03
   days on market $375,000 Active 4 DOM
9. 2026-06-03
   days on market $375,000 Active 3 DOM
10. 2026-06-01
    days on market $375,000 Active 2 DOM
11. 2026-05-31
    remarks 695-char remark
12. 2026-05-31
    listed $375,000 Active 1 DOM

ⓘ 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: $2,326 · $194/mo
• Projected year-2 tax: $4,051 · $338/mo
• Expected delta: +$1,724/yr (+$144/mo · 74.1%)

ⓘ 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 · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $55,216
• − Mortgage interest: −$21,006
• − Property taxes: −$2,326
• − Insurance: −$1,875
• − Repairs & maintenance: −$4,417
• − Management: −$4,417
• − Depreciation: −$10,909
• Taxable income: $10,265
• Est. tax owed @ 24.0%: −$2,464
• After-tax cash flow: $13,357/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: Byron Center Public Schools
• NCES district ID: 2607560
• Math proficiency: 69% ▼ -2.00%
• Reading proficiency: 73% ▼ -4.00%
• Median HH income: $63,763
• Composite: 61.5/100
• National rank: #753
• State rank: #15 of 540 in MI

Livability — Byron Center

• Score: 74/100
• State rank: #195
• US rank: #4944

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• City population: 26,123
• Population (ZIP): 26,123

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 (89%)
• Race & ethnicity: White 89% Two or more races 5% Hispanic / Latino 4% Asian 3%
• Common ancestry: Iranian 28% Romanian 5% Lithuanian 2%
• Foreign-born: 5% · Canada, Vietnam, Philippines
• Languages at home: 94% English-only · Spanish 2% Vietnamese 1% Other Asian/Pacific 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: ▼ -128.78%
• Current HPI: 237.95
• Rent YoY: —
• Metro: —
• 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

1 event — show timeline

• 2026-05-31 Listed $375,000 FSBO.com

Property tax history

+2.8%/yr

Latest (2025): $2,326 · +3.6% YoY. Source: county tax records.