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19789 30th Ave
C- Composite 50.88
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 +17.4/30.0
  • ARV discount +12.7/15.0
  • DSCR +5.4/10.0
  • 1% rule +4.7/10.0
  • Livability +2.9/5.0
  • Schools +2.8/10.0
  • Rent growth +2.5/5.0
  • Condition / age +2.5/5.0
  • Appreciation +0.0/10.0

$99,000

19789 30th Ave · Barryton, MI 49305
3 bd · 1.0 ba · 780 sqft · SingleFamily public records · 72 Days on market
Built 1960 0.55 ac lot $127/sqft · 12% below area Est $112k · 12% under ↓ 14% since listing

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Welcome to this charming 3-bedroom, 1-bath ranch located in the heart of the Village of Barryton! With 780 square feet of living space, this home offers a great opportunity for first-time buyers, investors, or anyone looking for a fixer-upper with plenty of potential. Situated on a large lot directly across from the elementary school and park, the location is perfect for convenience and community living. The home features a durable metal roof and a spacious two-stall garage, providing plenty of room for vehicles, storage, or a workshop. Whether you're looking for a starter home to make your own or a project with great upside, this property is full of possibilities. Don't miss the chance to bring your vision to life in this great location!

Key facts

  • Metal roof
  • Large lot
  • Across from park

Tags

LARGE LOTMETAL ROOFACROSS FROM ELEMENTARY SCHOOLACROSS FROM PARK

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/1.0-bath single-family listed at $99k.

Deal economics

  • At list price, monthly cash flow is $75 ($894/yr) — positive.
  • The deal already cash-flows at list — no discount required.
  • To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $96k (3.0% below list).
  • Recommended offer: $93k (6.0% below list) — sets the bar for market timing.
  • Cap rate 7.2% vs local median 3.0% in Barryton — 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 57/100 on livability (#640 in MI) — a working-class tenant base; expect higher turnover. Strengths: cost of living A+, housing A+; Watch: schools D, crime F, amenities F.
  • Chippewa Hills School District (rural): math 24% / reading 42% proficiency, ranked #324 of 540 in MI (top 60%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
  • Market conditions: 33 active listings in the ZIP; 116 units permitted in Mecosta County in 2024 (0 in 5+ unit buildings).

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $684 of loan paydown is wiped out by about $3k of value loss. Plan a longer hold.
  • Mecosta County population projected to shrink 9% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

  • It's been on market 72 days — a 6% lower offer ($93k) is reasonable based on typical stale-listing flexibility.
  • 3 sale attempts; this cycle's ask has dropped $16k (14%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Recommended offer $93,060 (6.0% below list)

Questions for the listing agent

  1. It's been on market 72 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 1960 — 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. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
  6. 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?
  7. 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.
  8. 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.
  9. 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
0.97%
Cap rate
7.20%
Cash-on-cash
3.23%
DSCR
1.14
GRM
8.6

CMA / ARV

ARV (median comp)
$111,892
List price
$99,000
Delta
-11.52%
Verdict
UNDERPRICED
Comps
11 within 1.0 mi

Projected returns pro-forma

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

5-year hold
IRR
-11.2%
Equity multiple
0.59×
Total profit
$-11,282
Equity at exit
$14,761
10-year hold
IRR
-1.9%
Equity multiple
0.87×
Total profit
$-3,654
Equity at exit
$8,560

Cash invested: $27,720 (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.

ZIP-level market 49305

Home prices YoY
-26.3%
Active inventory
33
Price-to-rent
8.6×

Monthly cashflow live

Estimated rent
$960 medium interval (Pro) →
Mortgage (P&I)
$519
Tax est. 1.5%
$124 /mo · $1,485/yr
Insurance
$41
HOA
$0
Vacancy / Maint / Mgmt
$202
Net cashflow
$75

Break-even live

Break-even rent $866
Max offer price $99,000
Occupancy floor 87%

Sensitivity live

Price -10% $143 -5% $109 +0% $75 +5% $40 +10% $6
Rent -10% $-1 -5% $37 +0% $75 +5% $112 +10% $150
Rate -1.0pp $124 -0.5pp $100 base $75 +0.5pp $49 +1.0pp $23

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
$24,750
Closing costs
$2,970
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Listing history 6 events

  1. 2026-04-29
    price $99,000 748-char remark
    Show marketing remark (748 chars)

    Welcome to this charming 3-bedroom, 1-bath ranch located in the heart of the Village of Barryton! With 780 square feet of living space, this home offers a great opportunity for first-time buyers, investors, or anyone looking for a fixer-upper with plenty of potential. Situated on a large lot directly across from the elementary school and park, the location is perfect for convenience and community living. The home features a durable metal roof and a spacious two-stall garage, providing plenty of room for vehicles, storage, or a workshop. Whether you're looking for a starter home to make your own or a project with great upside, this property is full of possibilities. Don't miss the chance to bring your vision to life in this great location!

  2. 2026-04-29
    price $99,000 748-char remark
    Show marketing remark (748 chars)

    Welcome to this charming 3-bedroom, 1-bath ranch located in the heart of the Village of Barryton! With 780 square feet of living space, this home offers a great opportunity for first-time buyers, investors, or anyone looking for a fixer-upper with plenty of potential. Situated on a large lot directly across from the elementary school and park, the location is perfect for convenience and community living. The home features a durable metal roof and a spacious two-stall garage, providing plenty of room for vehicles, storage, or a workshop. Whether you're looking for a starter home to make your own or a project with great upside, this property is full of possibilities. Don't miss the chance to bring your vision to life in this great location!

  3. 2026-04-29
    price $99,000
    Show marketing remark (748 chars)

    Welcome to this charming 3-bedroom, 1-bath ranch located in the heart of the Village of Barryton! With 780 square feet of living space, this home offers a great opportunity for first-time buyers, investors, or anyone looking for a fixer-upper with plenty of potential. Situated on a large lot directly across from the elementary school and park, the location is perfect for convenience and community living. The home features a durable metal roof and a spacious two-stall garage, providing plenty of room for vehicles, storage, or a workshop. Whether you're looking for a starter home to make your own or a project with great upside, this property is full of possibilities. Don't miss the chance to bring your vision to life in this great location!

  4. 2026-03-16
    listed $115,000 Active 748-char remark
    Show marketing remark (748 chars)

    Welcome to this charming 3-bedroom, 1-bath ranch located in the heart of the Village of Barryton! With 780 square feet of living space, this home offers a great opportunity for first-time buyers, investors, or anyone looking for a fixer-upper with plenty of potential. Situated on a large lot directly across from the elementary school and park, the location is perfect for convenience and community living. The home features a durable metal roof and a spacious two-stall garage, providing plenty of room for vehicles, storage, or a workshop. Whether you're looking for a starter home to make your own or a project with great upside, this property is full of possibilities. Don't miss the chance to bring your vision to life in this great location!

  5. 2026-03-16
    listed $115,000 Active 748-char remark
    Show marketing remark (748 chars)

    Welcome to this charming 3-bedroom, 1-bath ranch located in the heart of the Village of Barryton! With 780 square feet of living space, this home offers a great opportunity for first-time buyers, investors, or anyone looking for a fixer-upper with plenty of potential. Situated on a large lot directly across from the elementary school and park, the location is perfect for convenience and community living. The home features a durable metal roof and a spacious two-stall garage, providing plenty of room for vehicles, storage, or a workshop. Whether you're looking for a starter home to make your own or a project with great upside, this property is full of possibilities. Don't miss the chance to bring your vision to life in this great location!

  6. 2026-03-16
    listed $115,000 Active
    Show marketing remark (748 chars)

    Welcome to this charming 3-bedroom, 1-bath ranch located in the heart of the Village of Barryton! With 780 square feet of living space, this home offers a great opportunity for first-time buyers, investors, or anyone looking for a fixer-upper with plenty of potential. Situated on a large lot directly across from the elementary school and park, the location is perfect for convenience and community living. The home features a durable metal roof and a spacious two-stall garage, providing plenty of room for vehicles, storage, or a workshop. Whether you're looking for a starter home to make your own or a project with great upside, this property is full of possibilities. Don't miss the chance to bring your vision to life in this great location!

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

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 ≥95°F today · 15 d/yr by 30 yrs out
  • 💨 Wind 1/10 Low
  • 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Nearby sold comps map

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Walkable amenities ~0.75 mi

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Taxation est. · year 1

Rental income
$11,524
− Mortgage interest
−$5,546
− Property taxes
−$1,485
− Insurance
−$495
− Repairs & maintenance
−$922
− Management
−$922
− Depreciation
−$2,880
Taxable loss
−$725
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$174
After-tax cash flow
$1,068/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
Chippewa Hills School District
NCES district ID
2609560
Math proficiency
24% ▼ -10.00%
Reading proficiency
42% ▼ -5.00%
Median HH income
$43,598
Composite
28.01/100
National rank
#6849
State rank
#324 of 540 in MI

Livability — Barryton

Score
57/100
State rank
#640
US rank
#21642

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Barryton, MI
City population
2,487
Population (ZIP)
2,487

Population outlook (Mecosta County) Hauer SSP2

Today (2025)
42,954 people
By 2030
42,954 · +0.0%
By 2040
41,574 · -3.2%
By 2050
39,250 · -8.6%
By 2075
32,628 · -24.0%
By 2100
27,476 · -36.0%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Predominantly White (94%)
Race & ethnicity
White 94% Two or more races 4%
Common ancestry
Romanian 5% Lithuanian 5% Slovak 3%
Foreign-born
1% · South Korea
Languages at home
97% English-only · German/W. Germanic 2% Spanish 1%

Political lean MEDSL · Mecosta

2024 margin
Solid R (+30.0) · D 34.2% · R 64.2% · Other 1.6%
2008→2024 swing
-29.3pp toward R · 2008: -0.7pp · 2024: -30.0pp
All cycles
2024: R+30.0 2020: R+28.0 2016: R+26.1 2012: R+9.8 2008: R+0.7

Not yet ingested

Civics

Market trends

HPI YoY
▼ -65.51%
Current HPI
183.426
Rent YoY
Metro
State GDP YoY
▲ 1.37%
F500 in state
28

Industry mix (Fortune 500 HQ in MI)

Industry F500 HQs Revenue

Price history

-13.9% since first listed
6 events — show timeline
  • 2026-04-29 Price Changed $99,000 MiRealSource-MiMLS
  • 2026-04-29 Price Changed $99,000 REALCOMP
  • 2026-04-29 Price Changed $99,000 SW Michigan MLS
  • 2026-03-16 Listed $115,000 REALCOMP
  • 2026-03-16 Listed $115,000 SW Michigan MLS
  • 2026-03-16 Listed $115,000 MiRealSource-MiMLS

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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