15562 Pine Ridge Dr · Argentine, MI 48451

$77,900

3 bd · 2.0 ba · 1,456 sqft · Other · 367 Days on market

Built 2024 ↓ 3% 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
• Schools +4.1/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome home to the Adventure Mojave (2018) where comfort, space, and modern style come together beautifully. This spacious three bedroom, two bathroom home is thoughtfully designed for both everyday living and effortless entertaining. Step inside to an open concept layout filled with natural light and inviting living space. The expansive kitchen is truly the heart of the home, featuring Energy Star appliances, a stylish center island with abundant storage, and generous cabinet and counter space perfect for cooking, gathering, and making memories. The private primary suite offers a peaceful retreat with a spa inspired bathroom, a large linen closet, and dual walk in closets that provide exceptional storage. Two additional bedrooms and a second full bathroom create flexibility for guests, a home office, or extra living space to fit your lifestyle. Located in the professionally managed and well maintained Pine Ridge community in Linden, residents enjoy a welcoming atmosphere within the Linden Community Schools district. You will love being close to Lobdell Lake, with convenient access to local shopping and dining. Pet friendly and peacefully situated, Pine Ridge offers comfortable living with everyday convenience. Contact the Pine Ridge community office today for additional details or current availability. Your next chapter starts here.

Key facts

• Built 2024
• Listed 367 days

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath other listed at $78k.

Deal economics

• At list price, monthly cash flow is $668 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $78k).
• Recommended offer: $69k (12.0% below list) — sets the bar for market timing.
• Cap rate 16.6% vs local median 1.8% in Argentine — 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 65/100 on livability (#453 in MI) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: schools D-, amenities F, commute F.
• Linden Community Schools (suburban): math 38% / reading 54% proficiency, ranked #119 of 540 in MI (top 22%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 222 active listings in the ZIP; 2 comparable units currently listed for rent nearby; 419 units permitted in Genesee County in 2024 (68 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $539 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Genesee County population projected at -27% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 367 days — a 12% lower offer ($69k) is reasonable based on typical stale-listing flexibility.
• 2 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.

Recommended offer $68,552 (12.0% below list)

Questions for the listing agent

1. It's been on market 367 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 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?
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: 1.96% ✓
• Cap rate: 16.59%
• Cash-on-cash: 36.77%
• DSCR: 2.64
• GRM: 4.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: 32.6%
• Equity multiple: 2.37×
• Total profit: $29,972
• Equity at exit: $11,615

10-year hold

• IRR: 39.7%
• Equity multiple: 4.71×
• Total profit: $81,010
• Equity at exit: $6,735

Cash invested: $21,812 (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 48451

• Active inventory: 222
• Price-to-rent: 4.2×

Monthly cashflow live

• Estimated rent: $1,528 medium
• Mortgage (P&I): −$409
• Tax est. 1.5%: −$97 /mo · $1,168/yr
• Insurance: −$32
• HOA: −$0
• Vacancy / Maint / Mgmt: −$321
• Net cashflow: $668

Break-even live

Break-even rent $681

Max offer price $77,900

Occupancy floor 51%

Sensitivity live

Price	-10% $722	-5% $695	+0% $668	+5% $641	+10% $615
Rent	-10% $548	-5% $608	+0% $668	+5% $729	+10% $789
Rate	-1.0pp $708	-0.5pp $688	base $668	+0.5pp $648	+1.0pp $628

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: $19,475
• Closing costs: $2,337
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
15562 Pine Ridge Dr Unit 49 Linden, MI	3.0	2.0	1456	$1,549	$1.06	0d	1	0.03mi
15588 Pine Ridge Dr Unit 92 Linden, MI	3.0	2.0	1152	$1,499	$1.30	0d	1	0.11mi

Listing history 22 events

1. 2026-06-18
   days on market $77,900 Active 367 DOM
2. 2026-06-17
   days on market $77,900 Active 366 DOM
3. 2026-06-16
   days on market $77,900 Active 365 DOM
4. 2026-06-15
   days on market $77,900 Active 364 DOM
5. 2026-06-14
   days on market $77,900 Active 362 DOM
6. 2026-06-13
   days on market $77,900 Active 361 DOM
7. 2026-06-10
   days on market $77,900 Active 359 DOM
8. 2026-06-09
   days on market $77,900 Active 358 DOM
9. 2026-06-08
   days on market $77,900 Active 357 DOM
10. 2026-06-07
    days on market $77,900 Active 356 DOM
11. 2026-06-05
    days on market $77,900 Active 353 DOM
12. 2026-06-02
    days on market $77,900 Active 351 DOM
13. 2026-06-01
    days on market $77,900 Active 350 DOM
14. 2026-05-31
    days on market $77,900 Active 349 DOM
15. 2026-05-30
    days on market $77,900 Active 348 DOM
16. 2026-05-16
    price $77,900 1356-char remark

    Show marketing remark (1356 chars)

    Welcome home to the Adventure Mojave (2018) where comfort, space, and modern style come together beautifully. This spacious three bedroom, two bathroom home is thoughtfully designed for both everyday living and effortless entertaining. Step inside to an open concept layout filled with natural light and inviting living space. The expansive kitchen is truly the heart of the home, featuring Energy Star appliances, a stylish center island with abundant storage, and generous cabinet and counter space perfect for cooking, gathering, and making memories. The private primary suite offers a peaceful retreat with a spa inspired bathroom, a large linen closet, and dual walk in closets that provide exceptional storage. Two additional bedrooms and a second full bathroom create flexibility for guests, a home office, or extra living space to fit your lifestyle. Located in the professionally managed and well maintained Pine Ridge community in Linden, residents enjoy a welcoming atmosphere within the Linden Community Schools district. You will love being close to Lobdell Lake, with convenient access to local shopping and dining. Pet friendly and peacefully situated, Pine Ridge offers comfortable living with everyday convenience. Contact the Pine Ridge community office today for additional details or current availability. Your next chapter starts here.

17. 2026-02-13
    status Active 1356-char remark

    Show marketing remark (1356 chars)

    Welcome home to the Adventure Mojave (2018) where comfort, space, and modern style come together beautifully. This spacious three bedroom, two bathroom home is thoughtfully designed for both everyday living and effortless entertaining. Step inside to an open concept layout filled with natural light and inviting living space. The expansive kitchen is truly the heart of the home, featuring Energy Star appliances, a stylish center island with abundant storage, and generous cabinet and counter space perfect for cooking, gathering, and making memories. The private primary suite offers a peaceful retreat with a spa inspired bathroom, a large linen closet, and dual walk in closets that provide exceptional storage. Two additional bedrooms and a second full bathroom create flexibility for guests, a home office, or extra living space to fit your lifestyle. Located in the professionally managed and well maintained Pine Ridge community in Linden, residents enjoy a welcoming atmosphere within the Linden Community Schools district. You will love being close to Lobdell Lake, with convenient access to local shopping and dining. Pet friendly and peacefully situated, Pine Ridge offers comfortable living with everyday convenience. Contact the Pine Ridge community office today for additional details or current availability. Your next chapter starts here.

18. 2024-10-30
    historical 1356-char remark

    Show marketing remark (1356 chars)

    Welcome home to the Adventure Mojave (2018) where comfort, space, and modern style come together beautifully. This spacious three bedroom, two bathroom home is thoughtfully designed for both everyday living and effortless entertaining. Step inside to an open concept layout filled with natural light and inviting living space. The expansive kitchen is truly the heart of the home, featuring Energy Star appliances, a stylish center island with abundant storage, and generous cabinet and counter space perfect for cooking, gathering, and making memories. The private primary suite offers a peaceful retreat with a spa inspired bathroom, a large linen closet, and dual walk in closets that provide exceptional storage. Two additional bedrooms and a second full bathroom create flexibility for guests, a home office, or extra living space to fit your lifestyle. Located in the professionally managed and well maintained Pine Ridge community in Linden, residents enjoy a welcoming atmosphere within the Linden Community Schools district. You will love being close to Lobdell Lake, with convenient access to local shopping and dining. Pet friendly and peacefully situated, Pine Ridge offers comfortable living with everyday convenience. Contact the Pine Ridge community office today for additional details or current availability. Your next chapter starts here.

19. 2024-10-11
    price $80,900 1356-char remark

    Show marketing remark (1356 chars)

    Welcome home to the Adventure Mojave (2018) where comfort, space, and modern style come together beautifully. This spacious three bedroom, two bathroom home is thoughtfully designed for both everyday living and effortless entertaining. Step inside to an open concept layout filled with natural light and inviting living space. The expansive kitchen is truly the heart of the home, featuring Energy Star appliances, a stylish center island with abundant storage, and generous cabinet and counter space perfect for cooking, gathering, and making memories. The private primary suite offers a peaceful retreat with a spa inspired bathroom, a large linen closet, and dual walk in closets that provide exceptional storage. Two additional bedrooms and a second full bathroom create flexibility for guests, a home office, or extra living space to fit your lifestyle. Located in the professionally managed and well maintained Pine Ridge community in Linden, residents enjoy a welcoming atmosphere within the Linden Community Schools district. You will love being close to Lobdell Lake, with convenient access to local shopping and dining. Pet friendly and peacefully situated, Pine Ridge offers comfortable living with everyday convenience. Contact the Pine Ridge community office today for additional details or current availability. Your next chapter starts here.

20. 2024-09-13
    price $79,900 1356-char remark

    Show marketing remark (1356 chars)

    Welcome home to the Adventure Mojave (2018) where comfort, space, and modern style come together beautifully. This spacious three bedroom, two bathroom home is thoughtfully designed for both everyday living and effortless entertaining. Step inside to an open concept layout filled with natural light and inviting living space. The expansive kitchen is truly the heart of the home, featuring Energy Star appliances, a stylish center island with abundant storage, and generous cabinet and counter space perfect for cooking, gathering, and making memories. The private primary suite offers a peaceful retreat with a spa inspired bathroom, a large linen closet, and dual walk in closets that provide exceptional storage. Two additional bedrooms and a second full bathroom create flexibility for guests, a home office, or extra living space to fit your lifestyle. Located in the professionally managed and well maintained Pine Ridge community in Linden, residents enjoy a welcoming atmosphere within the Linden Community Schools district. You will love being close to Lobdell Lake, with convenient access to local shopping and dining. Pet friendly and peacefully situated, Pine Ridge offers comfortable living with everyday convenience. Contact the Pine Ridge community office today for additional details or current availability. Your next chapter starts here.

21. 2024-07-03
    price $80,900 1356-char remark

    Show marketing remark (1356 chars)

    Welcome home to the Adventure Mojave (2018) where comfort, space, and modern style come together beautifully. This spacious three bedroom, two bathroom home is thoughtfully designed for both everyday living and effortless entertaining. Step inside to an open concept layout filled with natural light and inviting living space. The expansive kitchen is truly the heart of the home, featuring Energy Star appliances, a stylish center island with abundant storage, and generous cabinet and counter space perfect for cooking, gathering, and making memories. The private primary suite offers a peaceful retreat with a spa inspired bathroom, a large linen closet, and dual walk in closets that provide exceptional storage. Two additional bedrooms and a second full bathroom create flexibility for guests, a home office, or extra living space to fit your lifestyle. Located in the professionally managed and well maintained Pine Ridge community in Linden, residents enjoy a welcoming atmosphere within the Linden Community Schools district. You will love being close to Lobdell Lake, with convenient access to local shopping and dining. Pet friendly and peacefully situated, Pine Ridge offers comfortable living with everyday convenience. Contact the Pine Ridge community office today for additional details or current availability. Your next chapter starts here.

22. 2024-03-01
    listed $79,900 Active 1356-char remark

    Show marketing remark (1356 chars)

    Welcome home to the Adventure Mojave (2018) where comfort, space, and modern style come together beautifully. This spacious three bedroom, two bathroom home is thoughtfully designed for both everyday living and effortless entertaining. Step inside to an open concept layout filled with natural light and inviting living space. The expansive kitchen is truly the heart of the home, featuring Energy Star appliances, a stylish center island with abundant storage, and generous cabinet and counter space perfect for cooking, gathering, and making memories. The private primary suite offers a peaceful retreat with a spa inspired bathroom, a large linen closet, and dual walk in closets that provide exceptional storage. Two additional bedrooms and a second full bathroom create flexibility for guests, a home office, or extra living space to fit your lifestyle. Located in the professionally managed and well maintained Pine Ridge community in Linden, residents enjoy a welcoming atmosphere within the Linden Community Schools district. You will love being close to Lobdell Lake, with convenient access to local shopping and dining. Pet friendly and peacefully situated, Pine Ridge offers comfortable living with everyday convenience. Contact the Pine Ridge community office today for additional details or current availability. Your next chapter starts here.

ⓘ 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: $18,331
• − Mortgage interest: −$4,364
• − Property taxes: −$1,168
• − Insurance: −$390
• − Repairs & maintenance: −$1,466
• − Management: −$1,466
• − Depreciation: −$2,266
• Taxable income: $7,210
• Est. tax owed @ 24.0%: −$1,730
• After-tax cash flow: $6,291/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: Linden Community Schools
• NCES district ID: 2621690
• Math proficiency: 38% ▼ -18.00%
• Reading proficiency: 54% ▼ -10.00%
• Median HH income: $69,129
• Composite: 41.24/100
• National rank: #3532
• State rank: #119 of 540 in MI

Livability — Argentine

• Score: 65/100
• State rank: #453
• US rank: #12693

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

• Population (ZIP): 15,993

Population outlook (Genesee County) Hauer SSP2

• Today (2025): 381,312 people
• By 2030: 362,731 · -4.9%
• By 2040: 321,550 · -15.7%
• By 2050: 279,212 · -26.8%
• By 2075: 193,336 · -49.3%
• By 2100: 128,118 · -66.4%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (92%)
• Race & ethnicity: White 92% Two or more races 3% Black 2% Hispanic / Latino 2%
• Common ancestry: Romanian 6% Lithuanian 4% Slovak 4%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Arabic 2% Spanish 1%

Political lean MEDSL · Genesee

• 2024 margin: Toss-up / Even · D 51.4% · R 47.2% · Other 1.4%
• 2008→2024 swing: -28.3pp toward R · 2008: 32.5pp · 2024: 4.2pp
• All cycles: 2024: D+4.2 2020: D+9.3 2016: D+9.5 2012: D+28.2 2008: D+32.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -218.03%
• Current HPI: 260.4332
• 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

-2.5% since first listed

7 events — show timeline

• 2026-05-16 Price Changed $77,900 Zillow
• 2026-02-13 Relisted — Zillow
• 2024-10-30 Delisted — Zillow
• 2024-10-11 Price Changed $80,900 Zillow
• 2024-09-13 Price Changed $79,900 Zillow
• 2024-07-03 Price Changed $80,900 Zillow
• 2024-03-01 Listed $79,900 Zillow

Property tax history

+1.6%/yr

Latest (2016): $65 · +1.6% YoY. Source: county tax records.