723 Tulip St SW · Grand Rapids, MI 49503

$199,000

3 bd · 1.0 ba · 964 sqft · SingleFamily public records · 37 Days on market

Built 1890 4,356 sqft lot $206/sqft · 10% below area Est $221k · 10% under

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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).

• ARV discount +12.0/15.0
• Cash flow +11.6/30.0
• Livability +4.2/5.0
• 1% rule +3.6/10.0
• DSCR +3.4/10.0
• 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

NEW ROOF APRIL 2026. Welcome to this beautifully renovated home where classic character meets modern updates. Step inside to discover high ceilings, decorative archways, and a striking exposed chimney that add timeless architectural appeal. Fresh white paint and new flooring create a bright, clean canvas throughout, with new windows flooding the home with natural light. The updated kitchen features sleek stainless steel appliances and stunning new granite countertops, blending style and functionality for everyday living. The thoughtfully updated bathroom and first floor laundry room offer convenient functionality. Each bedroom offers comfortable charm and an additional rear workroom completes the interior. Outside, enjoy a partially fenced yard--perfect for relaxing, pets, or gatherings. The front porch and landscaping create a welcoming curb appeal and a small shed in the back yard offers additional storage. Seller recently replaced the roof for additional peace of mind.

Key facts

• Renovated home
• Updated kitchen
• High ceilings

Tags

• RENOVATED HOME
• HIGH CEILINGS
• DECORATIVE ARCHWAYS
• EXPOSED CHIMNEY
• UPDATED KITCHEN
• STAINLESS STEEL APPLIANCES

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $199k.

Deal economics

• At list price, monthly cash flow is $-63 ($-757/yr) — negative.
• To cash-flow at today's rent, offer at most $188k (5.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $172k (13.6% below list).
• Recommended offer: $172k (13.6% below list) — sets the bar for 1% rule.
• Cap rate 5.9% vs local median 4.6% in Grand Rapids — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

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: Cesar E Chavez Elementary (math 2% / reading 8%, grade F, #1,325 of 1,397 statewide, top 99%, 412 students, 93% FRL); Burton Middle School (math 2% / reading 8%, grade F, #488 of 493 statewide, top 100%, 482 students, 89% FRL); Union High School (math 2% / reading 12%, grade F, #699 of 713 statewide, top 99%, 922 students, 88% FRL).
• Zoned-school proficiency averages 6% at this address vs 22% district-wide (-16 pts) — the specific schools serving this property underperform the Grand Rapids Public Schools average; the district grade overstates school quality for this exact location.
• Market conditions: Rents rising (+2.8%/yr); 184 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals leasing fast (median 13d on market — plan ~1-2 weeks tenant-placement turnaround); 2,253 units permitted in Kent County in 2024 (969 in 5+ unit buildings).
• This rent runs 32% 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 37 days — a 3% lower offer ($193k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts; this cycle's ask is 5% above the opening price — seller raised mid-cycle; expect resistance to lowballs.

Risks & watch-outs

• Watch-outs: built in 1890 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $171,868 (13.6% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 37 days. Have you received any prior offers? Is the seller open to a 14% concession, seller financing, or rate buy-down credit?
3. Built in 1890 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. 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?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.86% ✗
• Cap rate: 5.91%
• Cash-on-cash: -1.36%
• DSCR: 0.94
• GRM: 9.6

CMA / ARV

• ARV (median comp): $220,864
• List price: $199,000
• Delta: -9.90%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1624 Martindale Ave SW	0.75mi	3/1.5	1,014 (+5%)	4mo	$166,000	$164	51
1252 Rathbone St SW	0.69mi	2/1.0 (-1)	980 (+2%)	18mo	$139,850	$143	45
1010 Lee St SW	0.46mi	2/1.0 (-1)	1,100 (+14%)	12mo	$202,647	$184	40
1222 Rathbone St SW	0.63mi	2/2.0 (-1)	860 (-11%)	5mo	$219,000	$255	40
1308 Marquette St SW	0.74mi	2/1.0 (-1)	885 (-8%)	11mo	$220,000	$249	38
1206 Whiting St SW	0.59mi	2/1.0 (-1)	836 (-13%)	10mo	$185,000	$221	37
1247 Rathbone St SW	0.67mi	4/1.0 (+1)	1,049 (+9%)	20mo	$190,000	$181	32

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 · 2.82% rent growth · sell at horizon

5-year hold

• IRR: -18.7%
• Equity multiple: 0.34×
• Total profit: $-36,519
• Equity at exit: $29,672

10-year hold

• IRR: -11.5%
• Equity multiple: 0.32×
• Total profit: $-38,022
• Equity at exit: $17,206

Cash invested: $55,720 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 62 Landlord-Friendly
• State Michigan: 62 Landlord-Friendly · EVEN
• County: — inherits STATE
• City: — inherits STATE

7-day pay-or-quit; mixed climate; Detroit/AA have some protections.

Methodology + full state rankings →

ZIP-level market 49503

• Rents YoY: 2.8%
• Active inventory: 184
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $1,719 high
• Mortgage (P&I): −$1,044
• Tax from tax record: −$294 /mo · $3,532/yr
• Insurance: −$83
• HOA: −$0
• Vacancy / Maint / Mgmt: −$361
• Net cashflow: $-63

Break-even live

Break-even rent $1,798

Max offer price $187,863

Occupancy floor 99%

Sensitivity live

Price	-10% $50	-5% $-7	+0% $-63	+5% $-119	+10% $-176
Rent	-10% $-199	-5% $-131	+0% $-63	+5% $5	+10% $73
Rate	-1.0pp $37	-0.5pp $-12	base $-63	+0.5pp $-115	+1.0pp $-167

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: $49,750
• Closing costs: $5,970
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
242 Elm St SW Grand Rapids, MI	2.0	1.5	1100	$3,200	$2.91	4d	1	0.83mi
19 La Belle St SE Grand Rapids, MI	2.0	1.0	846	$1,045	$1.24	45d	1	0.94mi
2134 McKee Ave SW Unit 2 Grand Rapids, MI	2.0	1.0	780	$1,195	$1.53	45d	1	0.96mi
400 Grant St SW Unit 2 Grand Rapids, MI	2.0	1.0	1000	$1,500	$1.50	4d	1	0.97mi
470 Market Ave SW Grand Rapids, MI	2.0	1.0–2.0	622	$2,090	$3.36	4d	17	1.06mi
2040 Division Ave S Unit 207 Grand Rapids, MI	2.0	1.0	768	$1,703	$2.22	4d	1	1.29mi
2340 Michael Ave SW Unit 2280 4 Wyoming, MI	2.0	1.0	900	$1,200	$1.33	20d	1	1.29mi
1309 Madison Ave SE Grand Rapids, MI	1.0–2.0	1.0	775	$1,560	$2.01	4d	1	1.31mi
840 Lafayette Ave SE Unit 2 Grand Rapids, MI	3.0	1.0	950	$1,600	$1.68	45d	1	1.34mi
2515 McKee Ave SW Unit 4 Wyoming, MI	2.0	1.0	900	$1,300	$1.44	16d	1	1.43mi
350 Ionia Ave SW Grand Rapids, MI	2.0–3.0	2.0–3.0	1400	$1,350	$0.96	12d	2	1.44mi
90 Wealthy St SE Grand Rapids, MI	2.0	1.0–2.0	602	$1,850	$3.07	5d	10	1.49mi

Listing history 29 events

1. 2026-06-14
   statusdays on market $199,000 Pending 37 DOM
2. 2026-06-13
   days on market $199,000 Active 36 DOM
3. 2026-06-10
   statusdays on market $199,000 Active 34 DOM
4. 2026-05-31
   status $199,000 Pending 33 DOM
5. 2026-05-13
   price $199,000 986-char remark

   Show marketing remark (1205 chars)

   NEW ROOF APRIL 2026. Welcome to this beautifully renovated home where classic character meets modern updates. Step inside to discover high ceilings, decorative archways, and a striking exposed chimney that add timeless architectural appeal. Fresh white paint and new flooring create a bright, clean canvas throughout, with new windows flooding the home with natural light. The updated kitchen features sleek stainless steel appliances and stunning new granite countertops, blending style and functionality for everyday living. The thoughtfully updated bathroom and first floor laundry room offer convenient functionality. Each bedroom offers comfortable charm and an additional rear workroom completes the interior. Outside, enjoy a partially fenced yard--perfect for relaxing, pets, or gatherings. The front porch and landscaping create a welcoming curb appeal and a small shed in the back yard offers additional storage. Seller recently replaced the roof for additional peace of mind. With its blend of historic charm, modern finishes, and recent renovations, this home is truly move-in ready and a rare find. Don't miss the opportunity to own a home that offers both character and contemporary comfort.

6. 2026-05-13
   price $199,000 1205-char remark

   Show marketing remark (1205 chars)

   NEW ROOF APRIL 2026. Welcome to this beautifully renovated home where classic character meets modern updates. Step inside to discover high ceilings, decorative archways, and a striking exposed chimney that add timeless architectural appeal. Fresh white paint and new flooring create a bright, clean canvas throughout, with new windows flooding the home with natural light. The updated kitchen features sleek stainless steel appliances and stunning new granite countertops, blending style and functionality for everyday living. The thoughtfully updated bathroom and first floor laundry room offer convenient functionality. Each bedroom offers comfortable charm and an additional rear workroom completes the interior. Outside, enjoy a partially fenced yard--perfect for relaxing, pets, or gatherings. The front porch and landscaping create a welcoming curb appeal and a small shed in the back yard offers additional storage. Seller recently replaced the roof for additional peace of mind. With its blend of historic charm, modern finishes, and recent renovations, this home is truly move-in ready and a rare find. Don't miss the opportunity to own a home that offers both character and contemporary comfort.

7. 2026-05-12
   price $199,000
8. 2026-04-30
   price $210,000 986-char remark

   Show marketing remark (986 chars)

   NEW ROOF APRIL 2026. Welcome to this beautifully renovated home where classic character meets modern updates. Step inside to discover high ceilings, decorative archways, and a striking exposed chimney that add timeless architectural appeal. Fresh white paint and new flooring create a bright, clean canvas throughout, with new windows flooding the home with natural light. The updated kitchen features sleek stainless steel appliances and stunning new granite countertops, blending style and functionality for everyday living. The thoughtfully updated bathroom and first floor laundry room offer convenient functionality. Each bedroom offers comfortable charm and an additional rear workroom completes the interior. Outside, enjoy a partially fenced yard--perfect for relaxing, pets, or gatherings. The front porch and landscaping create a welcoming curb appeal and a small shed in the back yard offers additional storage. Seller recently replaced the roof for additional peace of mind.

9. 2026-04-30
   status Active 1205-char remark

   Show marketing remark (986 chars)

   NEW ROOF APRIL 2026. Welcome to this beautifully renovated home where classic character meets modern updates. Step inside to discover high ceilings, decorative archways, and a striking exposed chimney that add timeless architectural appeal. Fresh white paint and new flooring create a bright, clean canvas throughout, with new windows flooding the home with natural light. The updated kitchen features sleek stainless steel appliances and stunning new granite countertops, blending style and functionality for everyday living. The thoughtfully updated bathroom and first floor laundry room offer convenient functionality. Each bedroom offers comfortable charm and an additional rear workroom completes the interior. Outside, enjoy a partially fenced yard--perfect for relaxing, pets, or gatherings. The front porch and landscaping create a welcoming curb appeal and a small shed in the back yard offers additional storage. Seller recently replaced the roof for additional peace of mind.

10. 2026-04-30
    price $210,000 1205-char remark

    Show marketing remark (986 chars)

    NEW ROOF APRIL 2026. Welcome to this beautifully renovated home where classic character meets modern updates. Step inside to discover high ceilings, decorative archways, and a striking exposed chimney that add timeless architectural appeal. Fresh white paint and new flooring create a bright, clean canvas throughout, with new windows flooding the home with natural light. The updated kitchen features sleek stainless steel appliances and stunning new granite countertops, blending style and functionality for everyday living. The thoughtfully updated bathroom and first floor laundry room offer convenient functionality. Each bedroom offers comfortable charm and an additional rear workroom completes the interior. Outside, enjoy a partially fenced yard--perfect for relaxing, pets, or gatherings. The front porch and landscaping create a welcoming curb appeal and a small shed in the back yard offers additional storage. Seller recently replaced the roof for additional peace of mind.

11. 2026-04-30
    status Active 986-char remark

    Show marketing remark (986 chars)

    NEW ROOF APRIL 2026. Welcome to this beautifully renovated home where classic character meets modern updates. Step inside to discover high ceilings, decorative archways, and a striking exposed chimney that add timeless architectural appeal. Fresh white paint and new flooring create a bright, clean canvas throughout, with new windows flooding the home with natural light. The updated kitchen features sleek stainless steel appliances and stunning new granite countertops, blending style and functionality for everyday living. The thoughtfully updated bathroom and first floor laundry room offer convenient functionality. Each bedroom offers comfortable charm and an additional rear workroom completes the interior. Outside, enjoy a partially fenced yard--perfect for relaxing, pets, or gatherings. The front porch and landscaping create a welcoming curb appeal and a small shed in the back yard offers additional storage. Seller recently replaced the roof for additional peace of mind.

12. 2026-04-30
    status Active

    Show marketing remark (986 chars)

    NEW ROOF APRIL 2026. Welcome to this beautifully renovated home where classic character meets modern updates. Step inside to discover high ceilings, decorative archways, and a striking exposed chimney that add timeless architectural appeal. Fresh white paint and new flooring create a bright, clean canvas throughout, with new windows flooding the home with natural light. The updated kitchen features sleek stainless steel appliances and stunning new granite countertops, blending style and functionality for everyday living. The thoughtfully updated bathroom and first floor laundry room offer convenient functionality. Each bedroom offers comfortable charm and an additional rear workroom completes the interior. Outside, enjoy a partially fenced yard--perfect for relaxing, pets, or gatherings. The front porch and landscaping create a welcoming curb appeal and a small shed in the back yard offers additional storage. Seller recently replaced the roof for additional peace of mind.

13. 2026-04-30
    price $210,000

    Show marketing remark (986 chars)

    NEW ROOF APRIL 2026. Welcome to this beautifully renovated home where classic character meets modern updates. Step inside to discover high ceilings, decorative archways, and a striking exposed chimney that add timeless architectural appeal. Fresh white paint and new flooring create a bright, clean canvas throughout, with new windows flooding the home with natural light. The updated kitchen features sleek stainless steel appliances and stunning new granite countertops, blending style and functionality for everyday living. The thoughtfully updated bathroom and first floor laundry room offer convenient functionality. Each bedroom offers comfortable charm and an additional rear workroom completes the interior. Outside, enjoy a partially fenced yard--perfect for relaxing, pets, or gatherings. The front porch and landscaping create a welcoming curb appeal and a small shed in the back yard offers additional storage. Seller recently replaced the roof for additional peace of mind.

14. 2026-04-20
    historical
15. 2026-03-28
    status Pending 986-char remark

    Show marketing remark (1205 chars)

    NEW ROOF APRIL 2026. Welcome to this beautifully renovated home where classic character meets modern updates. Step inside to discover high ceilings, decorative archways, and a striking exposed chimney that add timeless architectural appeal. Fresh white paint and new flooring create a bright, clean canvas throughout, with new windows flooding the home with natural light. The updated kitchen features sleek stainless steel appliances and stunning new granite countertops, blending style and functionality for everyday living. The thoughtfully updated bathroom and first floor laundry room offer convenient functionality. Each bedroom offers comfortable charm and an additional rear workroom completes the interior. Outside, enjoy a partially fenced yard--perfect for relaxing, pets, or gatherings. The front porch and landscaping create a welcoming curb appeal and a small shed in the back yard offers additional storage. Seller recently replaced the roof for additional peace of mind. With its blend of historic charm, modern finishes, and recent renovations, this home is truly move-in ready and a rare find. Don't miss the opportunity to own a home that offers both character and contemporary comfort.

16. 2026-03-28
    status Pending 1205-char remark

    Show marketing remark (1205 chars)

    NEW ROOF APRIL 2026. Welcome to this beautifully renovated home where classic character meets modern updates. Step inside to discover high ceilings, decorative archways, and a striking exposed chimney that add timeless architectural appeal. Fresh white paint and new flooring create a bright, clean canvas throughout, with new windows flooding the home with natural light. The updated kitchen features sleek stainless steel appliances and stunning new granite countertops, blending style and functionality for everyday living. The thoughtfully updated bathroom and first floor laundry room offer convenient functionality. Each bedroom offers comfortable charm and an additional rear workroom completes the interior. Outside, enjoy a partially fenced yard--perfect for relaxing, pets, or gatherings. The front porch and landscaping create a welcoming curb appeal and a small shed in the back yard offers additional storage. Seller recently replaced the roof for additional peace of mind. With its blend of historic charm, modern finishes, and recent renovations, this home is truly move-in ready and a rare find. Don't miss the opportunity to own a home that offers both character and contemporary comfort.

17. 2026-03-28
    status Pending

    Show marketing remark (1205 chars)

    NEW ROOF APRIL 2026. Welcome to this beautifully renovated home where classic character meets modern updates. Step inside to discover high ceilings, decorative archways, and a striking exposed chimney that add timeless architectural appeal. Fresh white paint and new flooring create a bright, clean canvas throughout, with new windows flooding the home with natural light. The updated kitchen features sleek stainless steel appliances and stunning new granite countertops, blending style and functionality for everyday living. The thoughtfully updated bathroom and first floor laundry room offer convenient functionality. Each bedroom offers comfortable charm and an additional rear workroom completes the interior. Outside, enjoy a partially fenced yard--perfect for relaxing, pets, or gatherings. The front porch and landscaping create a welcoming curb appeal and a small shed in the back yard offers additional storage. Seller recently replaced the roof for additional peace of mind. With its blend of historic charm, modern finishes, and recent renovations, this home is truly move-in ready and a rare find. Don't miss the opportunity to own a home that offers both character and contemporary comfort.

18. 2026-03-27
    historical 986-char remark

    Show marketing remark (986 chars)

    NEW ROOF APRIL 2026. Welcome to this beautifully renovated home where classic character meets modern updates. Step inside to discover high ceilings, decorative archways, and a striking exposed chimney that add timeless architectural appeal. Fresh white paint and new flooring create a bright, clean canvas throughout, with new windows flooding the home with natural light. The updated kitchen features sleek stainless steel appliances and stunning new granite countertops, blending style and functionality for everyday living. The thoughtfully updated bathroom and first floor laundry room offer convenient functionality. Each bedroom offers comfortable charm and an additional rear workroom completes the interior. Outside, enjoy a partially fenced yard--perfect for relaxing, pets, or gatherings. The front porch and landscaping create a welcoming curb appeal and a small shed in the back yard offers additional storage. Seller recently replaced the roof for additional peace of mind.

19. 2026-03-25
    listed $190,000 Active 986-char remark

    Show marketing remark (1205 chars)

    NEW ROOF APRIL 2026. Welcome to this beautifully renovated home where classic character meets modern updates. Step inside to discover high ceilings, decorative archways, and a striking exposed chimney that add timeless architectural appeal. Fresh white paint and new flooring create a bright, clean canvas throughout, with new windows flooding the home with natural light. The updated kitchen features sleek stainless steel appliances and stunning new granite countertops, blending style and functionality for everyday living. The thoughtfully updated bathroom and first floor laundry room offer convenient functionality. Each bedroom offers comfortable charm and an additional rear workroom completes the interior. Outside, enjoy a partially fenced yard--perfect for relaxing, pets, or gatherings. The front porch and landscaping create a welcoming curb appeal and a small shed in the back yard offers additional storage. Seller recently replaced the roof for additional peace of mind. With its blend of historic charm, modern finishes, and recent renovations, this home is truly move-in ready and a rare find. Don't miss the opportunity to own a home that offers both character and contemporary comfort.

20. 2026-03-25
    listed $190,000 Active 1205-char remark

    Show marketing remark (1205 chars)

    NEW ROOF APRIL 2026. Welcome to this beautifully renovated home where classic character meets modern updates. Step inside to discover high ceilings, decorative archways, and a striking exposed chimney that add timeless architectural appeal. Fresh white paint and new flooring create a bright, clean canvas throughout, with new windows flooding the home with natural light. The updated kitchen features sleek stainless steel appliances and stunning new granite countertops, blending style and functionality for everyday living. The thoughtfully updated bathroom and first floor laundry room offer convenient functionality. Each bedroom offers comfortable charm and an additional rear workroom completes the interior. Outside, enjoy a partially fenced yard--perfect for relaxing, pets, or gatherings. The front porch and landscaping create a welcoming curb appeal and a small shed in the back yard offers additional storage. Seller recently replaced the roof for additional peace of mind. With its blend of historic charm, modern finishes, and recent renovations, this home is truly move-in ready and a rare find. Don't miss the opportunity to own a home that offers both character and contemporary comfort.

21. 2026-03-25
    listed $190,000 Active

    Show marketing remark (1205 chars)

    NEW ROOF APRIL 2026. Welcome to this beautifully renovated home where classic character meets modern updates. Step inside to discover high ceilings, decorative archways, and a striking exposed chimney that add timeless architectural appeal. Fresh white paint and new flooring create a bright, clean canvas throughout, with new windows flooding the home with natural light. The updated kitchen features sleek stainless steel appliances and stunning new granite countertops, blending style and functionality for everyday living. The thoughtfully updated bathroom and first floor laundry room offer convenient functionality. Each bedroom offers comfortable charm and an additional rear workroom completes the interior. Outside, enjoy a partially fenced yard--perfect for relaxing, pets, or gatherings. The front porch and landscaping create a welcoming curb appeal and a small shed in the back yard offers additional storage. Seller recently replaced the roof for additional peace of mind. With its blend of historic charm, modern finishes, and recent renovations, this home is truly move-in ready and a rare find. Don't miss the opportunity to own a home that offers both character and contemporary comfort.

22. 2026-02-27
    status Pending
23. 2026-02-27
    status Pending
24. 2026-02-27
    historical
25. 2026-01-23
    price $190,000
26. 2026-01-23
    price $190,000
27. 2026-01-23
    price $190,000
28. 2025-12-26
    listed $200,000 Active
29. 2025-12-26
    listed $200,000 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: $3,532 · $294/mo
• Projected year-2 tax: $3,532 · $294/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 ≥97°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,624
• − Mortgage interest: −$11,147
• − Property taxes: −$3,532
• − Insurance: −$995
• − Repairs & maintenance: −$1,650
• − Management: −$1,650
• − Depreciation: −$5,789
• Taxable loss: −$4,139
• Est. tax savings @ 24.0%: +$993
• After-tax cash flow: $237/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

-0.5% since first listed

25 events — show timeline

• 2026-05-13 Price Changed $199,000 MiRealSource-MiMLS
• 2026-05-13 Price Changed $199,000 REALCOMP
• 2026-05-12 Price Changed $199,000 SW Michigan MLS
• 2026-04-30 Price Changed $210,000 MiRealSource-MiMLS
• 2026-04-30 Relisted — REALCOMP
• 2026-04-30 Price Changed $210,000 REALCOMP
• 2026-04-30 Relisted — MiRealSource-MiMLS
• 2026-04-30 Relisted — SW Michigan MLS
• 2026-04-30 Price Changed $210,000 SW Michigan MLS
• 2026-04-20 Listing Removed — SW Michigan MLS
• 2026-03-28 Pending — MiRealSource-MiMLS
• 2026-03-28 Pending — REALCOMP
• 2026-03-28 Pending — SW Michigan MLS
• 2026-03-27 Listing Removed — MiRealSource-MiMLS
• 2026-03-25 Listed $190,000 SW Michigan MLS
• 2026-03-25 Listed $190,000 REALCOMP
• 2026-03-25 Listed $190,000 MiRealSource-MiMLS
• 2026-02-27 Pending — MiRealSource-MiMLS
• 2026-02-27 Pending — REALCOMP
• 2026-02-27 Listing Removed — MiRealSource-MiMLS
• 2026-01-23 Price Changed $190,000 MiRealSource-MiMLS
• 2026-01-23 Price Changed $190,000 REALCOMP
• 2026-01-23 Price Changed $190,000 SW Michigan MLS
• 2025-12-26 Listed $200,000 MiRealSource-MiMLS
• 2025-12-26 Listed $200,000 REALCOMP

Property tax history

+19.0%/yr

Latest (2025): $3,532 · +280.1% YoY. Source: county tax records.