114 Ahmeek St · Calumet, MI 49913

$79,000

4 bd · 1.5 ba · 2,832 sqft · SingleFamily public records · 30 Days on market

Built 1910 4,791 sqft lot Est $147k · 46% under

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Why this score? — see what drove the B+ grade

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

• Cash flow +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Schools +3.8/10.0
• Livability +3.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Break out the elbow grease and reclaim this spacious 3,000+ sq ft Laurium home featuring 4+ bedrooms, 3 baths, original hardwood floors, and classic wood trim. Due to a heating interruption, the home suffered a partial freeze which will require plumbing and some electrical repairs along with ceiling and interior wall damage repair, but at $79,000, it's a great opportunity to get a larger home for a bargain price. Enjoy multiple living areas, an accessible main-floor suite, and a private third-floor space ideal for an office or retreat. Recent updates, new exterior stairways, and ample storage. Walk to cafés, schools, and local services, with Keweenaw trails and Lake Superior just a short drive away. Call your Realtor for a showing! A rare amount of space and character at an exceptional price.

Key facts

• Recent updates
• Classic wood trim
• 4,791 sq ft lot

Tags

• ORIGINAL HARDWOOD FLOORS
• CLASSIC WOOD TRIM
• MULTIPLE LIVING AREAS
• ACCESSIBLE MAIN-FLOOR SUITE
• PRIVATE THIRD-FLOOR SPACE
• RECENT UPDATES

Property features AI

Exterior

• Parking: No specific parking details provided
• Security: No security features listed
• Utilities: Public water; Public sanitary sewer; Electricity connected (100 Amp service, 220 volts, circuit breakers); Natural gas connected; Gas water heater
• Home design: Residential property; More than 2 stories; Built in 1910; Basement present
• Construction: Asphalt/composition exterior; Stone basement foundation
• Exterior features: Porch; Wheelchair access; Walk-to-school location; Frontage on a road

Interior

• Kitchen: Kitchen on the first floor (approx. 14 x 13); Wood floor in kitchen
• Bedrooms: First-floor bedroom (approx. 11 x 12, carpet); Second-floor bedroom (approx. 11 x 13, carpet); Second-floor bedroom (approx. 11 wide, carpet); Third-floor bedroom (approx. 20 x 26, laminate)
• Flooring: Wood flooring in dining room, living room, family room and kitchen; Carpet in several bedrooms, office and bonus/media room; Laminate in the largest third-floor bedroom
• Bathrooms: Three full bathrooms; Main floor full bathroom; Bathroom on the first floor (approx. 6 x 5); Bathroom on the second floor (approx. 6 x 5); Bathroom on the third floor (approx. 9 x 17, carpeted floor)
• Heating & cooling: Forced air heating (natural gas); Supplemental electric heat; No central cooling noted
• Interior features: Hardwood floors; Walk-in closet; Accessibility features (accessible approach with ramp, accessible main floor bath); Total of 11 rooms
• Laundry & utility: First-floor laundry room (approx. 11 x 9); Washer and Dryer included

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath single-family listed at $79k.

Deal economics

• At list price, monthly cash flow is $549 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $79k).
• Recommended offer: $78k (1.5% below list) — sets the bar for market timing.
• Cap rate 14.6% vs local median 5.2% in Calumet — 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 60/100 on livability (#585 in MI) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A; Watch: health & safety C-, crime F, amenities F.
• Public Schools Of Calumet Laurium & Keweenaw (town): math 37% / reading 54% proficiency, ranked #160 of 540 in MI (top 30%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Clk Elementary School (math 35% / reading 46%, grade F, #592 of 1,397 statewide, top 43%, 515 students, 60% FRL); Washington Middle School (math 35% / reading 58%, grade D+, #150 of 493 statewide, top 31%, 291 students, 60% FRL); Calumet High School (math 47% / reading 67%, grade C, #99 of 713 statewide, top 14%, 485 students, 44% FRL).
• Market conditions: 46 active listings in the ZIP; 111 units permitted in Houghton County in 2024 (0 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $546 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Houghton County population projected to shrink 10% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.
• At projected returns (-3.0% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~5 years — after that, you're playing with house money.

Negotiation context

• It's been on market 30 days — a 2% lower offer ($78k) is reasonable based on typical stale-listing flexibility.
• 4 sale attempts 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 $35k; list at $79k implies a 126% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $77,815 (1.5% below list)

Questions for the listing agent

1. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. 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?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.80% ✓
• Cap rate: 14.63%
• Cash-on-cash: 29.77%
• DSCR: 2.32
• GRM: 4.6

CMA / ARV

• ARV (on-the-fly): $147,264
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
134 Willow Ave	0.21mi	4/1.0	2,731 (-4%)	7mo	$165,000	$60	76
417 Iroquois Rd	0.47mi	4/1.5	2,700 (-5%)	8mo	$125,000	$46	64
56897 Rockland St	0.45mi	4/1.5	2,519 (-11%)	1mo	$130,000	$52	60

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: 24.3%
• Equity multiple: 2.00×
• Total profit: $22,184
• Equity at exit: $11,779

10-year hold

• IRR: 32.2%
• Equity multiple: 3.92×
• Total profit: $64,480
• Equity at exit: $6,830

Cash invested: $22,120 (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 49913

• Active inventory: 46
• Price-to-rent: 4.6×

Monthly cashflow live

• Estimated rent: $1,425 medium
• Mortgage (P&I): −$414
• Tax from tax record: −$130 /mo · $1,560/yr
• Insurance: −$33
• HOA: −$0
• Vacancy / Maint / Mgmt: −$299
• Net cashflow: $549

Break-even live

Break-even rent $731

Max offer price $79,000

Occupancy floor 56%

Sensitivity live

Price	-10% $593	-5% $571	+0% $549	+5% $526	+10% $504
Rent	-10% $436	-5% $492	+0% $549	+5% $605	+10% $661
Rate	-1.0pp $588	-0.5pp $569	base $549	+0.5pp $528	+1.0pp $507

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $19,750
• Closing costs: $2,370
• Reserves months: —
• Total cash needed: —

Listing history 31 events

1. 2026-06-21
   days on market $79,000 Active 30 DOM
2. 2026-06-21
   days on market $79,000 Active 29 DOM
3. 2026-06-18
   days on market $79,000 Active 27 DOM
4. 2026-06-17
   days on market $79,000 Active 26 DOM
5. 2026-06-16
   days on market $79,000 Active 25 DOM
6. 2026-06-15
   days on market $79,000 Active 24 DOM
7. 2026-06-13
   days on market $79,000 Active 22 DOM
8. 2026-06-12
   days on market $79,000 Active 21 DOM
9. 2026-06-09
   days on market $79,000 Active 18 DOM
10. 2026-06-08
    days on market $79,000 Active 17 DOM
11. 2026-06-07
    days on market $79,000 Active 16 DOM
12. 2026-06-07
    days on market $79,000 Active 15 DOM
13. 2026-06-04
    days on market $79,000 Active 12 DOM
14. 2026-06-02
    days on market $79,000 Active 11 DOM
15. 2026-06-01
    days on market $79,000 Active 10 DOM
16. 2026-05-31
    days on market $79,000 Active 9 DOM
17. 2026-05-31
    days on market $79,000 Active 8 DOM
18. 2026-05-21
    listed $79,000 Active 810-char remark

    Show marketing remark (810 chars)

    Break out the elbow grease and reclaim this spacious 3,000+ sq ft Laurium home featuring 4+ bedrooms, 3 baths, original hardwood floors, and classic wood trim. Due to a heating interruption, the home suffered a partial freeze which will require plumbing and some electrical repairs along with ceiling and interior wall damage repair, but at $79,000, it's a great opportunity to get a larger home for a bargain price. Enjoy multiple living areas, an accessible main-floor suite, and a private third-floor space ideal for an office or retreat. Recent updates, new exterior stairways, and ample storage. Walk to cafés, schools, and local services, with Keweenaw trails and Lake Superior just a short drive away. Call your Realtor for a showing! A rare amount of space and character at an exceptional price.

19. 2026-05-21
    listed $79,000 Active 810-char remark

    Show marketing remark (810 chars)

    Break out the elbow grease and reclaim this spacious 3,000+ sq ft Laurium home featuring 4+ bedrooms, 3 baths, original hardwood floors, and classic wood trim. Due to a heating interruption, the home suffered a partial freeze which will require plumbing and some electrical repairs along with ceiling and interior wall damage repair, but at $79,000, it's a great opportunity to get a larger home for a bargain price. Enjoy multiple living areas, an accessible main-floor suite, and a private third-floor space ideal for an office or retreat. Recent updates, new exterior stairways, and ample storage. Walk to cafés, schools, and local services, with Keweenaw trails and Lake Superior just a short drive away. Call your Realtor for a showing! A rare amount of space and character at an exceptional price.

20. 2026-03-01
    historical
21. 2025-11-21
    price $135,000
22. 2025-11-21
    price $135,000
23. 2025-09-27
    price $143,000
24. 2025-09-26
    price $143,000
25. 2025-09-03
    price $148,000
26. 2025-09-02
    price $148,000
27. 2025-07-29
    price $155,000
28. 2025-07-29
    price $155,000
29. 2025-07-02
    listed $159,900 Active
30. 2025-07-02
    listed $159,900 Active
31. 1997-07-01
    soldstatus $35,000

ⓘ 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: $1,560 · $130/mo
• Projected year-2 tax: $1,560 · $130/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 0% chance over 30 yrs
• 🔥 Wildfire 2/10 Low
• 🌡 Heat 1/10 Low 7 d/yr ≥87°F today · 12 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 1/10 Low 0 unhealthy d/yr today · 0 by 30 yrs out

Taxation est. · year 1

• Rental income: $17,102
• − Mortgage interest: −$4,425
• − Property taxes: −$1,560
• − Insurance: −$395
• − Repairs & maintenance: −$1,368
• − Management: −$1,368
• − Depreciation: −$2,298
• Taxable income: $5,687
• Est. tax owed @ 24.0%: −$1,365
• After-tax cash flow: $5,219/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: Public Schools Of Calumet Laurium & Keweenaw
• NCES district ID: 2607690
• Math proficiency: 37% ▼ -7.00%
• Reading proficiency: 54% ▲ 2.00%
• Median HH income: $34,585
• Composite: 37.51/100
• National rank: #4398
• State rank: #160 of 540 in MI

Livability — Calumet

• Score: 60/100
• State rank: #585
• US rank: #18953

Category grades

Amenities F Commute F Cost of living A+ Crime F Employment F Housing A Health & safety C- User ratings B

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Laurium, MI
• Population (ZIP): 7,483

Population outlook (Houghton County) Hauer SSP2

• Today (2025): 35,073 people
• By 2030: 34,645 · -1.2%
• By 2040: 33,248 · -5.2%
• By 2050: 31,625 · -9.8%
• By 2075: 28,105 · -19.9%
• By 2100: 23,274 · -33.6%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (94%)
• Race & ethnicity: White 94% Two or more races 3% Asian 2% Hispanic / Latino 2%
• Common ancestry: Lithuanian 4% Iranian 4% Romanian 2%
• Foreign-born: 3% · China, Canada
• Languages at home: 95% English-only · Chinese 1% Spanish 1% German/W. Germanic 1%

Political lean MEDSL · Houghton

• 2024 margin: R (+17.0) · D 40.7% · R 57.7% · Other 1.6%
• 2008→2024 swing: -13.1pp toward R · 2008: -3.9pp · 2024: -17.0pp
• All cycles: 2024: R+17.0 2020: R+14.2 2016: R+15.7 2012: R+10.2 2008: R+3.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -71.04%
• Current HPI: 131.8527
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 1.37%
• F500 in state: 28

Industry mix (Fortune 500 HQ in MI)

Industry	F500 HQs	Revenue
▸Automotive Parts	3	$48B
▸Automotive	2	$372B
▸Chemicals	1	$45B
▸Automotive Retail	1	$29B
▸Healthcare / Medical Devices	1	$23B
▸Automotive Technology	1	$20B

Price history

+125.7% since first listed

14 events — show timeline

• 2026-05-21 Listed $79,000 MiRealSource-MiMLS
• 2026-05-21 Listed $79,000 UPAR
• 2026-03-01 Listing Removed — MiRealSource-MiMLS
• 2025-11-21 Price Changed $135,000 MiRealSource-MiMLS
• 2025-11-21 Price Changed $135,000 UPAR
• 2025-09-27 Price Changed $143,000 MiRealSource-MiMLS
• 2025-09-26 Price Changed $143,000 UPAR
• 2025-09-03 Price Changed $148,000 MiRealSource-MiMLS
• 2025-09-02 Price Changed $148,000 UPAR
• 2025-07-29 Price Changed $155,000 MiRealSource-MiMLS
• 2025-07-29 Price Changed $155,000 UPAR
• 2025-07-02 Listed $159,900 UPAR
• 2025-07-02 Listed $159,900 MiRealSource-MiMLS
• 1997-07-01 Sold (Public Records) $35,000 Public Records

Property tax history

+4.9%/yr

Latest (2025): $1,560 · +4.5% YoY. Source: county tax records.