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1141 Mckinley Ct SE
C- Composite 53.54
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 +16.5/30.0
  • ARV discount +15.0/15.0
  • DSCR +5.1/10.0
  • Rent growth +4.2/5.0
  • Livability +4.2/5.0
  • 1% rule +4.1/10.0
  • Condition / age +2.5/5.0
  • Schools +1.9/10.0
  • Appreciation +0.0/10.0

$214,900

1141 Mckinley Ct SE · Grand Rapids, MI 49506
3 bd · 1.0 ba · 1,206 sqft · SingleFamily public records · 169 Days on market
Built 1875 3,920 sqft lot $178/sqft · 46% below area Est $343k · 37% under ↓ 12% since listing

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

Listing remarks MLS

Offers Due April 10th @ 3pm Investor Special – Historic Home in Grand Rapids Calling all investors, flippers, and visionaries. Built in 1875, this 1,034 sq. ft. single-family home sits on a 3,790 sq. ft. lot in the heart of Grand Rapids. Featuring 3 bedrooms, classic gable rooflines, and vintage architectural details, this property offers the perfect canvas for a full renovation. Located minutes from downtown, you'll have quick access to Grand Rapids' thriving restaurant scene, craft breweries, festivals, and cultural attractions. Nearby schools include Martin Luther King Leadership Academy and Ottawa Hills High School, with convenient public transit options close by. The Grand Rapids market is growing, making this an excellent opportunity to restore and add value. Whether you plan to renovate for resale or hold as a rental, the upside potential is strong. Important: No showings without an accepted offer and proof of EMD. Do not knock on the door. Property is occupied. Address: 1141 McKinley Ct SE, Grand Rapids, MI 49506 Bring your vision, tools, and contractor. This one's ready for your next project.

Key facts

  • Full renovation
  • Historic home
  • 3,920 sq ft lot

Tags

HISTORIC HOMECLASSIC GABLE ROOFLINESVINTAGE ARCHITECTURAL DETAILSFULL RENOVATIONQUICK ACCESS TO DOWNTOWNCONVENIENT PUBLIC TRANSIT

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 $215k.

Deal economics

  • At list price, monthly cash flow is $127 ($2k/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 $196k (8.7% below list).
  • Recommended offer: $189k (12.0% below list) — sets the bar for market timing.
  • Cap rate 7.0% 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.
  • Market conditions: Rents rising fast (+6.9%/yr); 202 active listings in the ZIP; 26 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 81% of comp listings sitting > 30 days — soft ceiling on asking rent; high-income renter base; 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 $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 169 days — a 12% lower offer ($189k) is reasonable based on typical stale-listing flexibility.
  • 7 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.
  • Current owner paid $132k; list at $215k implies a 62% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

  • Watch-outs: built in 1875 — expect roof / HVAC / electrical / plumbing capex.
Recommended offer $189,112 (12.0% below list)

Questions for the listing agent

  1. It's been on market 169 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
  2. Built in 1875 — 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. 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?
  6. 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.
  7. 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.
  8. 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
0.91%
Cap rate
7.00%
Cash-on-cash
2.54%
DSCR
1.11
GRM
9.1

CMA / ARV

ARV (median comp)
$342,710
List price
$214,900
Delta
-37.29%
Verdict
UNDERPRICED
Comps
7 within 1.0 mi
Show comp detail 3 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
293 Rosewood Ave SE 0.61mi 3/1.5 1,242 (+3%) 1mo $408,000 $329 64
417 Gladstone Dr SE 0.56mi 3/1.5 1,288 (+7%) 17mo $430,000 $334 47
351 Gladstone Dr SE 0.55mi 3/2.5 1,366 (+13%) 12mo $505,000 $370 36

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 · 6.92% rent growth · sell at horizon

5-year hold
IRR
-8.1%
Equity multiple
0.69×
Total profit
$-18,677
Equity at exit
$32,042
10-year hold
IRR
5.7%
Equity multiple
1.50×
Total profit
$29,941
Equity at exit
$18,581

Cash invested: $60,172 (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 49506

Rents YoY
6.9%
Active inventory
202
Price-to-rent
9.1×

Monthly cashflow live

Estimated rent
$1,963 high interval (Pro) →
Mortgage (P&I)
$1,127
Tax from tax record
$207 /mo · $2,481/yr
Insurance
$90
HOA
$0
Vacancy / Maint / Mgmt
$412
Net cashflow
$127

Break-even live

Break-even rent $1,802
Max offer price $214,900
Occupancy floor 89%

Sensitivity live

Price -10% $249 -5% $188 +0% $127 +5% $66 +10% $6
Rent -10% $-28 -5% $50 +0% $127 +5% $205 +10% $282
Rate -1.0pp $236 -0.5pp $182 base $127 +0.5pp $72 +1.0pp $15

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
$53,725
Closing costs
$6,447
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.

Rent comps 26 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
258 Orchard Hill St SE Grand Rapids, MI 3.0 1.0 1300 $1,900 $1.46 44d 1 0.05mi
1333 Wealthy St SE Unit 2 Grand Rapids, MI 2.0 1.0 1113 $1,900 $1.71 44d 1 0.23mi
1400 Wealthy St SE Grand Rapids, MI 2.0 1.0 907 $1,925 $2.12 4d 1 0.31mi
11 Fuller Ave SE Apt 204 Grand Rapids, MI 2.0 1.5 880 $1,850 $2.10 44d 1 0.35mi
325 Norwood Ave SE Grand Rapids, MI 3.0 1.5 1398 $2,700 $1.93 24d 1 0.43mi
1114 Dunham St SE Unit 1 Grand Rapids, MI 2.0 1.0 894 $1,300 $1.45 44d 1 0.44mi
638 Wealthy St SE Unit A Grand Rapids, MI 2.0 2.0 1000 $2,100 $2.10 44d 1 0.65mi
547 Cherry St SE Grand Rapids, MI 2.0 1.0 521 $1,250 $2.40 44d 1 0.78mi
1542 Michigan St NE Grand Rapids, MI 3.0 1.0–2.0 836 $1,895 $2.27 4d 6 0.98mi
357 Madison Ave SE Grand Rapids, MI 1.0–2.0 1.0–2.0 692 $1,595 $2.30 44d 4 0.99mi
855 Michigan St NE Unit 205 Grand Rapids, MI 2.0 1.0 813 $1,575 $1.94 44d 1 1.01mi
345 State St SE Grand Rapids, MI 2.0 2.0 1107 $1,280 $1.16 44d 2 1.03mi
216 Lafayette Ave SE Grand Rapids, MI 2.0 1.5 1000 $1,395 $1.40 44d 1 1.07mi
434 Worden St SE Unit 2 Grand Rapids, MI 2.0 1.0 900 $1,495 $1.66 44d 1 1.11mi
507 Eastern Ave NE #2 Grand Rapids, MI 2.0 1.0 710 $1,495 $2.11 44d 1 1.12mi
414 Benson Ave NE Grand Rapids, MI 1.0–3.0 1.0–2.0 1110 $2,673 $2.41 44d 14 1.18mi
17 Lafayette Ave SE Grand Rapids, MI 2.0 1.0–2.0 720 $2,125 $2.95 44d 7 1.18mi
840 Lafayette Ave SE Unit 2 Grand Rapids, MI 3.0 1.0 950 $1,600 $1.68 44d 1 1.26mi
138 Fulton St E Unit 2 Grand Rapids, MI 2.0 1.0 800 $1,800 $2.25 44d 1 1.33mi
90 Wealthy St SE Grand Rapids, MI 2.0 1.0–2.0 602 $1,850 $3.07 4d 10 1.35mi
1400 Rossman Ave SE Grand Rapids, MI 3.0 1.0 1400 $2,200 $1.57 44d 1 1.40mi
209 Division Ave S Grand Rapids, MI 1.0–3.0 1.0–2.0 1180 $1,495 $1.27 22d 2 1.43mi
101 Division Ave S Grand Rapids, MI 2.0 2.0 1250 $1,302 $1.04 44d 1 1.46mi
26 Cherry St SW Grand Rapids, MI 1.0–2.0 1.0–2.0 878 $1,275 $1.45 44d 2 1.46mi
27 Library St NE #501 Grand Rapids, MI 2.0 2.0 1109 $2,925 $2.64 44d 1 1.46mi
841 Houseman Ave NE Grand Rapids, MI 2.0 1.5 1128 $1,700 $1.51 44d 1 1.46mi

Listing history 31 events

  1. 2026-06-18
    days on market $214,900 Active 169 DOM
  2. 2026-06-17
    days on market $214,900 Active 168 DOM
  3. 2026-06-16
    days on market $214,900 Active 167 DOM
  4. 2026-06-15
    days on market $214,900 Active 166 DOM
  5. 2026-06-14
    days on market $214,900 Active 164 DOM
  6. 2026-06-13
    days on market $214,900 Active 163 DOM
  7. 2026-06-10
    days on market $214,900 Active 161 DOM
  8. 2026-06-09
    days on market $214,900 Active 160 DOM
  9. 2026-06-08
    days on market $214,900 Active 159 DOM
  10. 2026-06-07
    days on market $214,900 Active 158 DOM
  11. 2026-06-05
    days on market $214,900 Active 155 DOM
  12. 2026-06-03
    days on market $214,900 Active 154 DOM
  13. 2026-06-03
    days on market $214,900 Active 153 DOM
  14. 2026-06-01
    days on market $214,900 Active 152 DOM
  15. 2026-05-31
    days on market $214,900 Active 151 DOM
  16. 2026-04-06
    price $214,900 1137-char remark
    Show marketing remark (1139 chars)

    Offers Due April 10th @ 3pm Investor Special – Historic Home in Grand Rapids Calling all investors, flippers, and visionaries. Built in 1875, this 1,034 sq. ft. single-family home sits on a 3,790 sq. ft. lot in the heart of Grand Rapids. Featuring 3 bedrooms, classic gable rooflines, and vintage architectural details, this property offers the perfect canvas for a full renovation. Located minutes from downtown, you'll have quick access to Grand Rapids’ thriving restaurant scene, craft breweries, festivals, and cultural attractions. Nearby schools include Martin Luther King Leadership Academy and Ottawa Hills High School, with convenient public transit options close by. The Grand Rapids market is growing, making this an excellent opportunity to restore and add value. Whether you plan to renovate for resale or hold as a rental, the upside potential is strong. Important: No showings without an accepted offer and proof of EMD. Do not knock on the door. Property is occupied. Address: 1141 McKinley Ct SE, Grand Rapids, MI 49506 Bring your vision, tools, and contractor. This one’s ready for your next project.

  17. 2026-04-06
    price $214,900 1139-char remark
    Show marketing remark (1139 chars)

    Offers Due April 10th @ 3pm Investor Special – Historic Home in Grand Rapids Calling all investors, flippers, and visionaries. Built in 1875, this 1,034 sq. ft. single-family home sits on a 3,790 sq. ft. lot in the heart of Grand Rapids. Featuring 3 bedrooms, classic gable rooflines, and vintage architectural details, this property offers the perfect canvas for a full renovation. Located minutes from downtown, you'll have quick access to Grand Rapids’ thriving restaurant scene, craft breweries, festivals, and cultural attractions. Nearby schools include Martin Luther King Leadership Academy and Ottawa Hills High School, with convenient public transit options close by. The Grand Rapids market is growing, making this an excellent opportunity to restore and add value. Whether you plan to renovate for resale or hold as a rental, the upside potential is strong. Important: No showings without an accepted offer and proof of EMD. Do not knock on the door. Property is occupied. Address: 1141 McKinley Ct SE, Grand Rapids, MI 49506 Bring your vision, tools, and contractor. This one’s ready for your next project.

  18. 2026-03-27
    status Active 1139-char remark
    Show marketing remark (1139 chars)

    Offers Due April 10th @ 3pm Investor Special – Historic Home in Grand Rapids Calling all investors, flippers, and visionaries. Built in 1875, this 1,034 sq. ft. single-family home sits on a 3,790 sq. ft. lot in the heart of Grand Rapids. Featuring 3 bedrooms, classic gable rooflines, and vintage architectural details, this property offers the perfect canvas for a full renovation. Located minutes from downtown, you'll have quick access to Grand Rapids’ thriving restaurant scene, craft breweries, festivals, and cultural attractions. Nearby schools include Martin Luther King Leadership Academy and Ottawa Hills High School, with convenient public transit options close by. The Grand Rapids market is growing, making this an excellent opportunity to restore and add value. Whether you plan to renovate for resale or hold as a rental, the upside potential is strong. Important: No showings without an accepted offer and proof of EMD. Do not knock on the door. Property is occupied. Address: 1141 McKinley Ct SE, Grand Rapids, MI 49506 Bring your vision, tools, and contractor. This one’s ready for your next project.

  19. 2026-03-27
    historical 1139-char remark
    Show marketing remark (1139 chars)

    Offers Due April 10th @ 3pm Investor Special – Historic Home in Grand Rapids Calling all investors, flippers, and visionaries. Built in 1875, this 1,034 sq. ft. single-family home sits on a 3,790 sq. ft. lot in the heart of Grand Rapids. Featuring 3 bedrooms, classic gable rooflines, and vintage architectural details, this property offers the perfect canvas for a full renovation. Located minutes from downtown, you'll have quick access to Grand Rapids’ thriving restaurant scene, craft breweries, festivals, and cultural attractions. Nearby schools include Martin Luther King Leadership Academy and Ottawa Hills High School, with convenient public transit options close by. The Grand Rapids market is growing, making this an excellent opportunity to restore and add value. Whether you plan to renovate for resale or hold as a rental, the upside potential is strong. Important: No showings without an accepted offer and proof of EMD. Do not knock on the door. Property is occupied. Address: 1141 McKinley Ct SE, Grand Rapids, MI 49506 Bring your vision, tools, and contractor. This one’s ready for your next project.

  20. 2026-01-23
    status Active 1137-char remark
    Show marketing remark (1139 chars)

    Offers Due April 10th @ 3pm Investor Special – Historic Home in Grand Rapids Calling all investors, flippers, and visionaries. Built in 1875, this 1,034 sq. ft. single-family home sits on a 3,790 sq. ft. lot in the heart of Grand Rapids. Featuring 3 bedrooms, classic gable rooflines, and vintage architectural details, this property offers the perfect canvas for a full renovation. Located minutes from downtown, you'll have quick access to Grand Rapids’ thriving restaurant scene, craft breweries, festivals, and cultural attractions. Nearby schools include Martin Luther King Leadership Academy and Ottawa Hills High School, with convenient public transit options close by. The Grand Rapids market is growing, making this an excellent opportunity to restore and add value. Whether you plan to renovate for resale or hold as a rental, the upside potential is strong. Important: No showings without an accepted offer and proof of EMD. Do not knock on the door. Property is occupied. Address: 1141 McKinley Ct SE, Grand Rapids, MI 49506 Bring your vision, tools, and contractor. This one’s ready for your next project.

  21. 2026-01-23
    status Active 1139-char remark
    Show marketing remark (1139 chars)

    Offers Due April 10th @ 3pm Investor Special – Historic Home in Grand Rapids Calling all investors, flippers, and visionaries. Built in 1875, this 1,034 sq. ft. single-family home sits on a 3,790 sq. ft. lot in the heart of Grand Rapids. Featuring 3 bedrooms, classic gable rooflines, and vintage architectural details, this property offers the perfect canvas for a full renovation. Located minutes from downtown, you'll have quick access to Grand Rapids’ thriving restaurant scene, craft breweries, festivals, and cultural attractions. Nearby schools include Martin Luther King Leadership Academy and Ottawa Hills High School, with convenient public transit options close by. The Grand Rapids market is growing, making this an excellent opportunity to restore and add value. Whether you plan to renovate for resale or hold as a rental, the upside potential is strong. Important: No showings without an accepted offer and proof of EMD. Do not knock on the door. Property is occupied. Address: 1141 McKinley Ct SE, Grand Rapids, MI 49506 Bring your vision, tools, and contractor. This one’s ready for your next project.

  22. 2025-09-05
    historical 1137-char remark
    Show marketing remark (1137 chars)

    Offers Due April 10th @ 3pm Investor Special – Historic Home in Grand Rapids Calling all investors, flippers, and visionaries. Built in 1875, this 1,034 sq. ft. single-family home sits on a 3,790 sq. ft. lot in the heart of Grand Rapids. Featuring 3 bedrooms, classic gable rooflines, and vintage architectural details, this property offers the perfect canvas for a full renovation. Located minutes from downtown, you'll have quick access to Grand Rapids' thriving restaurant scene, craft breweries, festivals, and cultural attractions. Nearby schools include Martin Luther King Leadership Academy and Ottawa Hills High School, with convenient public transit options close by. The Grand Rapids market is growing, making this an excellent opportunity to restore and add value. Whether you plan to renovate for resale or hold as a rental, the upside potential is strong. Important: No showings without an accepted offer and proof of EMD. Do not knock on the door. Property is occupied. Address: 1141 McKinley Ct SE, Grand Rapids, MI 49506 Bring your vision, tools, and contractor. This one's ready for your next project.

  23. 2025-08-19
    soldstatus $132,500
  24. 2025-08-12
    listed $215,000 Active 1137-char remark
    Show marketing remark (1139 chars)

    Offers Due April 10th @ 3pm Investor Special – Historic Home in Grand Rapids Calling all investors, flippers, and visionaries. Built in 1875, this 1,034 sq. ft. single-family home sits on a 3,790 sq. ft. lot in the heart of Grand Rapids. Featuring 3 bedrooms, classic gable rooflines, and vintage architectural details, this property offers the perfect canvas for a full renovation. Located minutes from downtown, you'll have quick access to Grand Rapids’ thriving restaurant scene, craft breweries, festivals, and cultural attractions. Nearby schools include Martin Luther King Leadership Academy and Ottawa Hills High School, with convenient public transit options close by. The Grand Rapids market is growing, making this an excellent opportunity to restore and add value. Whether you plan to renovate for resale or hold as a rental, the upside potential is strong. Important: No showings without an accepted offer and proof of EMD. Do not knock on the door. Property is occupied. Address: 1141 McKinley Ct SE, Grand Rapids, MI 49506 Bring your vision, tools, and contractor. This one’s ready for your next project.

  25. 2025-08-12
    listed $215,000 Active 1139-char remark
    Show marketing remark (1139 chars)

    Offers Due April 10th @ 3pm Investor Special – Historic Home in Grand Rapids Calling all investors, flippers, and visionaries. Built in 1875, this 1,034 sq. ft. single-family home sits on a 3,790 sq. ft. lot in the heart of Grand Rapids. Featuring 3 bedrooms, classic gable rooflines, and vintage architectural details, this property offers the perfect canvas for a full renovation. Located minutes from downtown, you'll have quick access to Grand Rapids’ thriving restaurant scene, craft breweries, festivals, and cultural attractions. Nearby schools include Martin Luther King Leadership Academy and Ottawa Hills High School, with convenient public transit options close by. The Grand Rapids market is growing, making this an excellent opportunity to restore and add value. Whether you plan to renovate for resale or hold as a rental, the upside potential is strong. Important: No showings without an accepted offer and proof of EMD. Do not knock on the door. Property is occupied. Address: 1141 McKinley Ct SE, Grand Rapids, MI 49506 Bring your vision, tools, and contractor. This one’s ready for your next project.

  26. 2025-03-05
    historical
  27. 2025-03-05
    historical
  28. 2024-10-04
    listed $245,000 Active
  29. 2024-10-04
    listed $245,000 Active
  30. 2024-09-30
    historical
  31. 2024-09-30
    historical

ⓘ 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
$2,481 · $207/mo
Projected year-2 tax
$2,895 · $241/mo
Expected delta
+$414/yr (+$35/mo · 16.7%)

ⓘ 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

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$23,553
− Mortgage interest
−$12,038
− Property taxes
−$2,481
− Insurance
−$1,074
− Repairs & maintenance
−$1,884
− Management
−$1,884
− Depreciation
−$6,252
Taxable loss
−$2,061
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$495
After-tax cash flow
$2,022/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)
34,673
Household income
$118,131
Rent vs Own
24.9% rent · 75.1% own
Severe rent burden
544.0

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
Predominantly White (76%)
Race & ethnicity
White 76% Black 11% Two or more races 7% Hispanic / Latino 4% Asian 2%
Common ancestry
Iranian 16% Romanian 6% Italian 3%
Foreign-born
6% · Canada, China
Languages at home
93% English-only · Spanish 3% Other Indo-European 1% Russian/Polish/Slavic 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
▼ -367.25%
Current HPI
316.2553
Rent YoY
▲ 6.92%
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

Price history

-12.3% since first listed
16 events — show timeline
  • 2026-04-06 Price Changed $214,900 MiRealSource-MiMLS
  • 2026-04-06 Price Changed $214,900 REALCOMP
  • 2026-03-27 Relisted REALCOMP
  • 2026-03-27 Listing Removed REALCOMP
  • 2026-01-23 Relisted MiRealSource-MiMLS
  • 2026-01-23 Relisted REALCOMP
  • 2025-09-05 Listing Removed MiRealSource-MiMLS
  • 2025-08-19 Sold (Public Records) $132,500 Public Records
  • 2025-08-12 Listed $215,000 REALCOMP
  • 2025-08-12 Listed $215,000 MiRealSource-MiMLS
  • 2025-03-05 Listing Removed REALCOMP
  • 2025-03-05 Listing Removed MiRealSource-MiMLS
  • 2024-10-04 Listed $245,000 MiRealSource-MiMLS
  • 2024-10-04 Listed $245,000 REALCOMP
  • 2024-09-30 Coming Soon MiRealSource-MiMLS
  • 2024-09-30 Coming Soon REALCOMP

Property tax history

+12.8%/yr

Latest (2025): $2,481 · +60.7% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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