630 Prospect Ave NE · Grand Rapids, MI 49503

$215,000

4 bd · 1.0 ba · 1,217 sqft · SingleFamily public records · 21 Days on market

Built 1860 4,966 sqft lot

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Why this score? — see what drove the D 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 +15.3/30.0
• ARV discount +7.5/15.0
• 1% rule +5.0/10.0
• DSCR +4.7/10.0
• Livability +4.2/5.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Schools +1.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Close to it all! This renovated home offers a flexible living space and modern updates throughout. With 4-5 bedrooms, this home easily adapts to your needs, whether you need extra bedrooms, a home office, or additional living space. Inside, you'll find new flooring, fresh paint, and updated fixtures that give the home a clean, modern feel. The main floor offers one or two bedrooms depending on layout preference. The remodeled kitchen features brand-new stainless steel appliances, and the updated bathroom includes a double vanity and spacious shower. Upstairs offers two generous bedrooms plus a versatile bonus room perfect for a nursery, office, or creative space. Outside, enjoy a fully fenced backyard--ideal for relaxing, entertaining, or creating your own private outdoor retreat. Located close to downtown Grand Rapids, you'll enjoy easy access to medical mile, Acrisure Amphitheater, Amway Soccer Stadium, Van Andel Arena, DeVos Place, 20 Monroe Live, and countless restaurants and bars!

Key facts

• Double vanity
• Renovated home
• Remodeled kitchen

Tags

• RENOVATED HOME
• FLEXIBLE LIVING SPACE
• REMODELED KITCHEN
• STAINLESS STEEL APPLIANCES
• UPDATED BATHROOM
• DOUBLE VANITY

Property features AI

Exterior

• Utilities: Public water; Electricity available; Natural gas available and connected
• Home design: Traditional single-family residence; Built in 1860
• Construction: Vinyl siding; Composition roof; Crawl space and Michigan-style basement
• Exterior features: Sidewalk; Paved road access

Interior

• Kitchen: Oven; Refrigerator; Eat-in kitchen
• Bedrooms: Bedrooms: (see room details for levels)
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating
• Interior features: Eat-in kitchen; Window treatments; 8 total rooms
• Laundry & utility: Washer; Dryer; Natural gas water heater

What this means for you Summary

Snapshot

• This is a 4-bed/1.0-bath single-family listed at $215k.

Deal economics

• At list price, monthly cash flow is $80 ($964/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $215k).
• Recommended offer: $212k (1.5% below list) — sets the bar for market timing.
• Cap rate 6.7% vs local median 4.5% in Grand Rapids — 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 83/100 on livability (#44 in MI, #939 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: employment C-, crime F.
• Grand Rapids Public Schools (urban): math 15% / reading 29% proficiency, ranked #451 of 540 in MI (top 84%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 80% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Coit Creative Arts Academy (math 8% / reading 32%, grade F, #1,091 of 1,397 statewide, top 79%, 242 students, 78% FRL); Riverside Middle School (math 8% / reading 17%, grade F, #466 of 493 statewide, top 95%, 248 students, 89% FRL); Union High School (math 2% / reading 12%, grade F, #699 of 713 statewide, top 99%, 922 students, 88% FRL).
• Market conditions: Rents rising (+2.8%/yr); 184 active listings in the ZIP; 11 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 82% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,253 units permitted in Kent County in 2024 (969 in 5+ unit buildings).
• This rent runs 40% of the median local income ($65k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k 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.

Negotiation context

• It's been on market 21 days — a 2% lower offer ($212k) is reasonable based on typical stale-listing flexibility.
• 10 sale attempts since 2y ago 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: built in 1860 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $211,775 (1.5% below list)

Questions for the listing agent

1. Built in 1860 — 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. 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?
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
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: 1.00% ✓
• Cap rate: 6.74%
• Cash-on-cash: 1.60%
• DSCR: 1.07
• GRM: 8.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

-3.0% appreciation · 2.82% rent growth · sell at horizon

5-year hold

• IRR: -13.9%
• Equity multiple: 0.50×
• Total profit: $-29,995
• Equity at exit: $32,057

10-year hold

• IRR: -5.3%
• Equity multiple: 0.66×
• Total profit: $-20,651
• Equity at exit: $18,589

Cash invested: $60,200 (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 49503

• Rents YoY: 2.8%
• Active inventory: 184
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $2,154 high
• Mortgage (P&I): −$1,127
• Tax from tax record: −$404 /mo · $4,854/yr
• Insurance: −$90
• HOA: −$0
• Vacancy / Maint / Mgmt: −$452
• Net cashflow: $80

Break-even live

Break-even rent $2,053

Max offer price $215,000

Occupancy floor 91%

Sensitivity live

Price	-10% $202	-5% $141	+0% $80	+5% $19	+10% $-41
Rent	-10% $-90	-5% $-5	+0% $80	+5% $165	+10% $251
Rate	-1.0pp $189	-0.5pp $135	base $80	+0.5pp $25	+1.0pp $-32

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: $53,750
• Closing costs: $6,450
• Reserves months: —
• Total cash needed: —

Rent comps 11 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
519 Shirley St NE Grand Rapids, MI	5.0	2.0	1192	$2,045	$1.72	45d	1	0.35mi
414 Benson Ave NE Grand Rapids, MI	1.0–3.0	1.0–2.0	1110	$2,673	$2.41	45d	14	0.45mi
135 Page St NE Grand Rapids, MI	3.0	2.0	1100	$3,100	$2.82	45d	1	0.84mi
700 Broadway Ave NW Unit 1 Grand Rapids, MI	4.0	2.0	1450	$2,795	$1.93	45d	1	0.99mi
50 Mathews Ct NE Grand Rapids, MI	3.0	1.5	1100	$1,850	$1.68	45d	1	1.09mi
209 Division Ave S Grand Rapids, MI	1.0–3.0	1.0–2.0	1180	$1,495	$1.27	23d	2	1.17mi
1044 Muskegon Ave NW Unit 2 Grand Rapids, MI	3.0	1.0	1100	$1,800	$1.64	45d	1	1.33mi
1335 Hamilton Ave NW Unit 2 Grand Rapids, MI	3.0	1.0	1124	$1,395	$1.24	45d	1	1.35mi
350 Ionia Ave SW Grand Rapids, MI	2.0–3.0	2.0–3.0	1400	$1,350	$0.96	13d	2	1.36mi
200 Gold Ave NW Grand Rapids, MI	3.0	1.0	1112	$1,549	$1.39	45d	1	1.37mi
1429 Quarry Ave NW Unit 1 Grand Rapids, MI	3.0	1.5	1200	$1,800	$1.50	45d	1	1.46mi

Listing history 30 events

1. 2026-05-13
   status Pending 1000-char remark

   Show marketing remark (1000 chars)

   Close to it all! This renovated home offers a flexible living space and modern updates throughout. With 4-5 bedrooms, this home easily adapts to your needs, whether you need extra bedrooms, a home office, or additional living space. Inside, you'll find new flooring, fresh paint, and updated fixtures that give the home a clean, modern feel. The main floor offers one or two bedrooms depending on layout preference. The remodeled kitchen features brand-new stainless steel appliances, and the updated bathroom includes a double vanity and spacious shower. Upstairs offers two generous bedrooms plus a versatile bonus room perfect for a nursery, office, or creative space. Outside, enjoy a fully fenced backyard--ideal for relaxing, entertaining, or creating your own private outdoor retreat. Located close to downtown Grand Rapids, you'll enjoy easy access to medical mile, Acrisure Amphitheater, Amway Soccer Stadium, Van Andel Arena, DeVos Place, 20 Monroe Live, and countless restaurants and bars!

2. 2026-05-13
   status Pending 1000-char remark

   Show marketing remark (1000 chars)

   Close to it all! This renovated home offers a flexible living space and modern updates throughout. With 4-5 bedrooms, this home easily adapts to your needs, whether you need extra bedrooms, a home office, or additional living space. Inside, you'll find new flooring, fresh paint, and updated fixtures that give the home a clean, modern feel. The main floor offers one or two bedrooms depending on layout preference. The remodeled kitchen features brand-new stainless steel appliances, and the updated bathroom includes a double vanity and spacious shower. Upstairs offers two generous bedrooms plus a versatile bonus room perfect for a nursery, office, or creative space. Outside, enjoy a fully fenced backyard--ideal for relaxing, entertaining, or creating your own private outdoor retreat. Located close to downtown Grand Rapids, you'll enjoy easy access to medical mile, Acrisure Amphitheater, Amway Soccer Stadium, Van Andel Arena, DeVos Place, 20 Monroe Live, and countless restaurants and bars!

3. 2026-05-13
   status Pending

   Show marketing remark (1000 chars)

   Close to it all! This renovated home offers a flexible living space and modern updates throughout. With 4-5 bedrooms, this home easily adapts to your needs, whether you need extra bedrooms, a home office, or additional living space. Inside, you'll find new flooring, fresh paint, and updated fixtures that give the home a clean, modern feel. The main floor offers one or two bedrooms depending on layout preference. The remodeled kitchen features brand-new stainless steel appliances, and the updated bathroom includes a double vanity and spacious shower. Upstairs offers two generous bedrooms plus a versatile bonus room perfect for a nursery, office, or creative space. Outside, enjoy a fully fenced backyard--ideal for relaxing, entertaining, or creating your own private outdoor retreat. Located close to downtown Grand Rapids, you'll enjoy easy access to medical mile, Acrisure Amphitheater, Amway Soccer Stadium, Van Andel Arena, DeVos Place, 20 Monroe Live, and countless restaurants and bars!

4. 2026-04-21
   listed $215,000 Active 1000-char remark

   Show marketing remark (1000 chars)

   Close to it all! This renovated home offers a flexible living space and modern updates throughout. With 4-5 bedrooms, this home easily adapts to your needs, whether you need extra bedrooms, a home office, or additional living space. Inside, you'll find new flooring, fresh paint, and updated fixtures that give the home a clean, modern feel. The main floor offers one or two bedrooms depending on layout preference. The remodeled kitchen features brand-new stainless steel appliances, and the updated bathroom includes a double vanity and spacious shower. Upstairs offers two generous bedrooms plus a versatile bonus room perfect for a nursery, office, or creative space. Outside, enjoy a fully fenced backyard--ideal for relaxing, entertaining, or creating your own private outdoor retreat. Located close to downtown Grand Rapids, you'll enjoy easy access to medical mile, Acrisure Amphitheater, Amway Soccer Stadium, Van Andel Arena, DeVos Place, 20 Monroe Live, and countless restaurants and bars!

5. 2026-04-21
   listed $215,000 Active 1000-char remark

   Show marketing remark (1000 chars)

   Close to it all! This renovated home offers a flexible living space and modern updates throughout. With 4-5 bedrooms, this home easily adapts to your needs, whether you need extra bedrooms, a home office, or additional living space. Inside, you'll find new flooring, fresh paint, and updated fixtures that give the home a clean, modern feel. The main floor offers one or two bedrooms depending on layout preference. The remodeled kitchen features brand-new stainless steel appliances, and the updated bathroom includes a double vanity and spacious shower. Upstairs offers two generous bedrooms plus a versatile bonus room perfect for a nursery, office, or creative space. Outside, enjoy a fully fenced backyard--ideal for relaxing, entertaining, or creating your own private outdoor retreat. Located close to downtown Grand Rapids, you'll enjoy easy access to medical mile, Acrisure Amphitheater, Amway Soccer Stadium, Van Andel Arena, DeVos Place, 20 Monroe Live, and countless restaurants and bars!

6. 2026-04-21
   listed $215,000 Active

   Show marketing remark (1000 chars)

   Close to it all! This renovated home offers a flexible living space and modern updates throughout. With 4-5 bedrooms, this home easily adapts to your needs, whether you need extra bedrooms, a home office, or additional living space. Inside, you'll find new flooring, fresh paint, and updated fixtures that give the home a clean, modern feel. The main floor offers one or two bedrooms depending on layout preference. The remodeled kitchen features brand-new stainless steel appliances, and the updated bathroom includes a double vanity and spacious shower. Upstairs offers two generous bedrooms plus a versatile bonus room perfect for a nursery, office, or creative space. Outside, enjoy a fully fenced backyard--ideal for relaxing, entertaining, or creating your own private outdoor retreat. Located close to downtown Grand Rapids, you'll enjoy easy access to medical mile, Acrisure Amphitheater, Amway Soccer Stadium, Van Andel Arena, DeVos Place, 20 Monroe Live, and countless restaurants and bars!

7. 2025-12-26
   historical
8. 2025-12-25
   historical
9. 2025-06-26
   price $219,900
10. 2025-06-26
    price $219,900
11. 2025-06-26
    price $219,900
12. 2025-06-09
    listed $229,900 Active
13. 2025-06-09
    listed $229,900 Active
14. 2024-10-30
    historical
15. 2024-10-30
    historical
16. 2024-10-04
    price $219,900
17. 2024-10-04
    price $219,900
18. 2024-10-04
    price $219,900
19. 2024-09-18
    listed $229,900 Active
20. 2024-09-18
    listed $229,900 Active
21. 2024-05-17
    soldstatus $163,500
22. 2024-05-14
    soldstatus $163,500 Sold
23. 2024-05-14
    soldstatus $163,500 Closed
24. 2024-05-14
    soldstatus $163,500 Sold
25. 2024-04-20
    status Pending
26. 2024-04-20
    status Pending
27. 2024-04-20
    status Pending
28. 2024-04-03
    listed $159,900 Active
29. 2024-04-03
    listed $159,900 Active
30. 2024-04-03
    listed $159,900 Active

ⓘ 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: $4,854 · $404/mo
• Projected year-2 tax: $4,854 · $404/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,851
• − Mortgage interest: −$12,043
• − Property taxes: −$4,854
• − Insurance: −$1,075
• − Repairs & maintenance: −$2,068
• − Management: −$2,068
• − Depreciation: −$6,255
• Taxable loss: −$2,511
• Est. tax savings @ 24.0%: +$603
• After-tax cash flow: $1,567/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: Grand Rapids Public Schools
• NCES district ID: 2616440
• Math proficiency: 15% ▼ -5.00%
• Reading proficiency: 29% ▼ -1.00%
• Median HH income: $40,612
• Composite: 18.62/100
• National rank: #8899
• State rank: #451 of 540 in MI

Livability — Grand Rapids

• Score: 83/100
• State rank: #44
• US rank: #939

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Grand Rapids, MI
• County: Kent County · 533,805 people
• City population: 181,325
• Metro: Grand Rapids-Kentwood, MI
• Population (ZIP): 39,489
• Household income: $64,661
• Rent vs Own: 63.8% rent · 36.2% own
• Severe rent burden: 1891.0

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: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 59% Hispanic / Latino 19% Two or more races 14% Black 14% Asian 3%
• Hispanic origin (detail): Mexican 11% Puerto Rican 1%
• Common ancestry: Iranian 10% Romanian 7% Slovak 2%
• Foreign-born: 11% · Canada, South Korea, China
• Languages at home: 82% English-only · Spanish 15% 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: ▼ -347.22%
• Current HPI: 312.3878
• Rent YoY: ▲ 2.82%
• 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

+27.0% since first listed

33 events — show timeline

• 2026-06-12 Sold (MLS) $203,000 REALCOMP
• 2026-06-12 Sold (MLS) $203,000 MiRealSource-MiMLS
• 2026-06-12 Sold (MLS) $203,000 SW Michigan MLS
• 2026-05-13 Pending — REALCOMP
• 2026-05-13 Pending — MiRealSource-MiMLS
• 2026-05-13 Pending — SW Michigan MLS
• 2026-04-21 Listed $215,000 REALCOMP
• 2026-04-21 Listed $215,000 MiRealSource-MiMLS
• 2026-04-21 Listed $215,000 SW Michigan MLS
• 2025-12-26 Listing Removed — MiRealSource-MiMLS
• 2025-12-25 Listing Removed — REALCOMP
• 2025-06-26 Price Changed $219,900 MiRealSource-MiMLS
• 2025-06-26 Price Changed $219,900 REALCOMP
• 2025-06-26 Price Changed $219,900 SW Michigan MLS
• 2025-06-09 Listed $229,900 REALCOMP
• 2025-06-09 Listed $229,900 MiRealSource-MiMLS
• 2024-10-30 Listing Removed — MiRealSource-MiMLS
• 2024-10-30 Listing Removed — REALCOMP
• 2024-10-04 Price Changed $219,900 MiRealSource-MiMLS
• 2024-10-04 Price Changed $219,900 REALCOMP
• 2024-10-04 Price Changed $219,900 SW Michigan MLS
• 2024-09-18 Listed $229,900 MiRealSource-MiMLS
• 2024-09-18 Listed $229,900 REALCOMP
• 2024-05-17 Sold (Public Records) $163,500 Public Records
• 2024-05-14 Sold (MLS) $163,500 SW Michigan MLS
• 2024-05-14 Sold (MLS) $163,500 MiRealSource-MiMLS
• 2024-05-14 Sold (MLS) $163,500 REALCOMP
• 2024-04-20 Pending — REALCOMP
• 2024-04-20 Pending — MiRealSource-MiMLS
• 2024-04-20 Pending — SW Michigan MLS
• 2024-04-03 Listed $159,900 SW Michigan MLS
• 2024-04-03 Listed $159,900 MiRealSource-MiMLS
• 2024-04-03 Listed $159,900 REALCOMP

Property tax history

+17.1%/yr

Latest (2025): $4,854 · +381.8% YoY. Source: county tax records.