1141 Mckinley Ct SE · Grand Rapids, MI
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $784 – $1,456
Heat risk 2/10 · Minimal
- Hot days now (above 96°F)
- 7 days/yr
- Hot days in 30 yrs
- 16 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 3/10 · Minor
- Unhealthy air days now
- 2 days/yr
- Unhealthy air days in 30 yrs
- 3 days/yr
Risk factors via First Street. Map © Google.
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
🖨 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
Neighborhood map
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.
Questions for the listing agent
- 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?
- Built in 1875 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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.
- 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.
- 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
- IRR
- -8.1%
- Equity multiple
- 0.69×
- Total profit
- $-18,677
- Equity at exit
- $32,042
- 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
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
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
| Address | Beds | Baths | Sqft | Rent | $/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
-
2026-06-18days on market $214,900 Active 169 DOM
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2026-06-17days on market $214,900 Active 168 DOM
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2026-06-16days on market $214,900 Active 167 DOM
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2026-06-15days on market $214,900 Active 166 DOM
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2026-06-14days on market $214,900 Active 164 DOM
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2026-06-13days on market $214,900 Active 163 DOM
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2026-06-10days on market $214,900 Active 161 DOM
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2026-06-09days on market $214,900 Active 160 DOM
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2026-06-08days on market $214,900 Active 159 DOM
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2026-06-07days on market $214,900 Active 158 DOM
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2026-06-05days on market $214,900 Active 155 DOM
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2026-06-03days on market $214,900 Active 154 DOM
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2026-06-03days on market $214,900 Active 153 DOM
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2026-06-01days on market $214,900 Active 152 DOM
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2026-05-31days on market $214,900 Active 151 DOM
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2026-04-06price $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.
-
2026-04-06price $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.
-
2026-03-27status 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.
-
2026-03-27historical 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.
-
2026-01-23status 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.
-
2026-01-23status 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.
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2025-09-05historical 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.
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2025-08-19soldstatus $132,500
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2025-08-12$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.
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2025-08-12$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.
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2025-03-05historical
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2025-03-05historical
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2024-10-04$245,000 Active
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2024-10-04$245,000 Active
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2024-09-30historical
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2024-09-30historical
ⓘ 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
- 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
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
- 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 |
|---|---|---|
| Automotive Parts | 3 | $48B |
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| Automotive | 2 | $372B |
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| Chemicals | 1 | $45B |
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| Automotive Retail | 1 | $29B |
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| Healthcare / Medical Devices | 1 | $23B |
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| Automotive Technology | 1 | $20B |
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Price history
-12.3% since first listed16 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%/yrLatest (2025): $2,481 · +60.7% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…