The Birch Plan · Courtland, MI 49341

$239,000

3 bd · 2.0 ba · 1,456 sqft · SingleFamily · 1004 Days on market

Good condition

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Why this score? — see what drove the D- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +10.8/30.0
• ARV discount +7.5/15.0
• Schools +4.3/10.0
• Condition / age +4.0/5.0
• 1% rule +3.2/10.0
• DSCR +3.1/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

From a layout that maximizes every square inch of space to the attention paid to even the smallest detail, the Birch is the home you have always dreamed of. The open floor plan naturally flows from the living room to the kitchen and into the dining room, allowing guests to socialize in the natural light-filled great room. Share a cocktail at the kitchen's center island, or enjoy dinner in the adjacent dining room. Cooking enthusiasts will also celebrate the spacious kitchen, featuring rich wood cabinets, a contemporary backsplash and state-of-the-art Whirlpool stainless steel appliances. A central hallway off the great room takes you to the home's 3 bedrooms, each featuring large windows and wall-to-wall carpeting. Also located off of the main hallway is plenty of storage with 2 large closets, and a full laundry room complete with a Whirlpool washer and dryer. One of the guestrooms also features a glass sliding door and is perfect for a private office or den. The true star of the show, is the large master bedroom that, like the living room, features a decorative trey ceiling as well as a walk-in closet and en suite bathroom with double sinks and a large mosaic glass feature wall and ceramic tile shower. Meanwhile, an enclosed insulated garage is not only perfect for storing your car but provides additional storage space. Finally, when it's time to unwind after a long day of enjoying Oaks of Rockford's on-site amenities, you can retire to a covered front porch.

Key facts

• 2 parking spots
• Listed 1003 days

🏗️ New construction. The $239,000 list price is a builder figure, so every metric below is computed on the value from comparable previous sales — $259,633.

What this means for you Summary

Snapshot

• This is a 3-bed/2.0-bath single-family listed at $239k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-120 ($-1k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $212k (11.3% below list).
• Recommended offer: $210k (12.0% below list) — sets the bar for market timing.
• Cap rate 5.7% vs local median 2.0% in Courtland — 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: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• Cedar Springs Public Schools (town): math 35% / reading 48% proficiency, ranked #175 of 540 in MI (top 32%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Cedar Trails Elementary School (495 students, 49% FRL); Cedar Springs Middle School (math 33% / reading 48%, grade F, #202 of 493 statewide, top 42%, 489 students, 48% FRL); Cedar Springs High School (math 42% / reading 65%, grade C-, #125 of 713 statewide, top 18%, 1,049 students, 40% FRL).
• Market conditions: 398 active listings in the ZIP; 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 $2k of loan paydown is wiped out by about $8k 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 1004 days — a 12% lower offer ($210k) is reasonable based on typical stale-listing flexibility.

Recommended offer $210,320 (12.0% 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 1004 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
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. 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?
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: 0.82% ✗
• Cap rate: 5.74%
• Cash-on-cash: -1.97%
• DSCR: 0.91
• GRM: 10.2

CMA / ARV

• ARV (median comp): $259,633
• List price: $239,000
• Delta: -7.95%
• Verdict: FAIR
• Comps: 6 within 1.0 mi

Show comp detail 7 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
5680 Kingsley Dr	0.12mi	3/2.0	1,456 (0%)	15mo	$248,000	$170	82
5680 Kingsley Dr	0.13mi	3/2.0	1,456 (0%)	15mo	$248,000	$170	82
5841 13 Mile Rd NE Unit A	1.06mi	3/2.0	1,436 (-1%)	1mo	$390,000	$272	62
11760 Townsquare Blvd	0.31mi	3/2.0	1,566 (+8%)	15mo	$245,000	$156	60
5475 14 Mile Ct NE	0.38mi	3/1.0	1,250 (-14%)	2mo	$280,000	$224	53
5065 Porter Hollow Dr NE	1.02mi	3/1.0	1,400 (-4%)	15mo	$565,009	$404	42
11900 Shaner Ave NE	0.87mi	4/2.0 (+1)	1,581 (+9%)	9mo	$354,050	$224	38

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 · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -19.6%
• Equity multiple: 0.32×
• Total profit: $-49,656
• Equity at exit: $38,712

10-year hold

• IRR: -12.3%
• Equity multiple: 0.27×
• Total profit: $-52,917
• Equity at exit: $22,448

Cash invested: $72,697 (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 →

Buyer's market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 3 active · 1 under contract
• Months of supply: 18.0 mo (6%/mo absorbed)
• Median asking: $242,000 ($166/sqft)
• Median days on market: 850 d
• This list price: 33% of active listings are priced below it
• ARV vs active asking: +7.3% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 49341

• Home prices YoY: -33.8%
• Active inventory: 398
• Price-to-rent: 9.4×

Monthly cashflow live

• Estimated rent: $2,120 medium
• Mortgage (P&I): −$1,362
• Tax est. 1.5%: −$325 /mo · $3,894/yr
• Insurance: −$108
• HOA: −$0
• Vacancy / Maint / Mgmt: −$445
• Net cashflow: $-120

Break-even live

Break-even rent $2,271

Max offer price $242,329

Occupancy floor —

Sensitivity live

Price	-10% $60	-5% $-30	+0% $-120	+5% $-209	+10% $-299
Rent	-10% $-287	-5% $-203	+0% $-120	+5% $-36	+10% $48
Rate	-1.0pp $11	-0.5pp $-54	base $-120	+0.5pp $-187	+1.0pp $-255

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: $64,908
• Closing costs: $7,789
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Listing history 50 events

1. 2026-08-08
   days on market $239,000 Active 1004 DOM
2. 2026-08-07
   days on market $239,000 Active 1003 DOM
3. 2026-08-06
   days on market $239,000 Active 1002 DOM
4. 2026-08-05
   days on market $239,000 Active 1001 DOM
5. 2026-08-04
   days on market $239,000 Active 1000 DOM
6. 2026-08-03
   days on market $239,000 Active 999 DOM
7. 2026-07-31
   days on market $239,000 Active 996 DOM
8. 2026-07-30
   days on market $239,000 Active 994 DOM
9. 2026-07-28
   days on market $239,000 Active 993 DOM
10. 2026-07-26
    days on market $239,000 Active 991 DOM
11. 2026-07-25
    days on market $239,000 Active 990 DOM
12. 2026-07-24
    days on market $239,000 Active 989 DOM
13. 2026-07-23
    days on market $239,000 Active 988 DOM
14. 2026-07-22
    days on market $239,000 Active 987 DOM
15. 2026-07-21
    days on market $239,000 Active 986 DOM
16. 2026-07-18
    days on market $239,000 Active 983 DOM
17. 2026-07-16
    days on market $239,000 Active 981 DOM
18. 2026-07-16
    days on market $239,000 Active 980 DOM
19. 2026-07-14
    days on market $239,000 Active 979 DOM
20. 2026-07-13
    days on market $239,000 Active 978 DOM
21. 2026-07-12
    days on market $239,000 Active 977 DOM
22. 2026-07-11
    days on market $239,000 Active 976 DOM
23. 2026-07-10
    days on market $239,000 Active 975 DOM
24. 2026-07-09
    days on market $239,000 Active 974 DOM
25. 2026-07-07
    days on market $239,000 Active 972 DOM
26. 2026-07-06
    days on market $239,000 Active 971 DOM
27. 2026-07-05
    days on market $239,000 Active 970 DOM
28. 2026-07-03
    days on market $239,000 Active 968 DOM
29. 2026-07-02
    days on market $239,000 Active 967 DOM
30. 2026-07-01
    days on market $239,000 Active 966 DOM
31. 2026-06-30
    days on market $239,000 Active 965 DOM
32. 2026-06-29
    days on market $239,000 Active 964 DOM
33. 2026-06-28
    days on market $239,000 Active 963 DOM
34. 2026-06-28
    days on market $239,000 Active 962 DOM
35. 2026-06-27
    days on market $239,000 Active 961 DOM
36. 2026-06-25
    days on market $239,000 Active 959 DOM
37. 2026-06-23
    days on market $239,000 Active 957 DOM
38. 2026-06-22
    days on market $239,000 Active 956 DOM
39. 2026-06-18
    days on market $239,000 Active 953 DOM
40. 2026-06-17
    days on market $239,000 Active 952 DOM
41. 2026-06-16
    days on market $239,000 Active 951 DOM
42. 2026-06-15
    days on market $239,000 Active 950 DOM
43. 2026-06-14
    days on market $239,000 Active 948 DOM
44. 2026-06-13
    days on market $239,000 Active 947 DOM
45. 2026-06-10
    days on market $239,000 Active 945 DOM
46. 2026-06-09
    days on market $239,000 Active 944 DOM
47. 2026-06-08
    days on market $239,000 Active 943 DOM
48. 2026-06-07
    days on market $239,000 Active 942 DOM
49. 2026-06-05
    pricedays on market $239,000 Active 939 DOM
50. 2026-06-03
    days on market $234,000 Active 938 DOM

ⓘ 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: $25,438
• − Mortgage interest: −$14,543
• − Property taxes: −$3,894
• − Insurance: −$1,298
• − Repairs & maintenance: −$2,035
• − Management: −$2,035
• − Depreciation: −$7,553
• Taxable loss: −$5,921
• Est. tax savings @ 24.0%: +$1,421
• After-tax cash flow: $-14/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.

Condition & rehab AI · 10 photos

Good 80/100 Cosmetic rehab Est. rehab $7,280–$21,840 screening

The Birch home is in good condition with a good condition score of 80. It has a cosmetic rehab level and is move-in ready with minor updates that can significantly increase its value.

Value-add opportunities

• Both Painting the exterior siding — Enhances curb appeal and can increase both resale and rental value. ↑
• Both Updating the flooring in the living areas — Can increase both resale and rental value by making the space more modern and appealing. ↑
• Both Upgrading the kitchen appliances — Modernizes the kitchen and can increase both resale and rental value. ↑
• Both Adding smart home features — Can increase both resale and rental value by making the home more technologically advanced and convenient for potential buyers/tenants. ↑

ⓘ Rehab cost is a screening estimate — Cosmetic scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 43/100

Zoned Schools

Elementary Beach Elementary School F MI #735/1,397 Nat'l #22,904/41,679 Middle Cedar Springs Middle School F MI #202/493 Nat'l #5,872/14,009 High Cedar Springs High School C- MI #125/713 Nat'l #4,818/17,239

Schools (NCES district)

• District: Cedar Springs Public Schools
• NCES district ID: 2608520
• Math proficiency: 35% ▼ -11.00%
• Reading proficiency: 48% ▼ -8.00%
• Median HH income: $57,632
• Composite: 36.42/100
• National rank: #4675
• State rank: #175 of 540 in MI

Livability — Courtland

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• County: Kent County · 712,484 people
• Metro: Grand Rapids-Kentwood, MI
• Population (ZIP): 39,409
• Household income: $113,989
• Rent vs Own: 8.6% rent · 91.4% own
• Severe rent burden: 12% of renters

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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%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (90%)
• Race & ethnicity: White 90% Two or more races 5% Hispanic / Latino 4%
• Common ancestry: Iranian 15% Romanian 9% Lithuanian 4%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 2%

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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: ▼ -131.59%
• Current HPI: 257.3691
• Rent YoY: —
• Metro: Grand Rapids-Kentwood, MI
• State GDP YoY: ▲ 1.37%
• F500 in state: 28

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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

+11.4% since first listed

5 events — show timeline

• 2026-03-14 Price Changed $234,000 Zillow
• 2025-01-15 Price Changed $227,000 Zillow
• 2024-06-18 Price Changed $222,000 Zillow
• 2024-04-10 Price Changed $220,000 Zillow
• 2023-11-08 Listed $210,000 Zillow