3370 Milo St NW · Walker, MI 49534

$229,900

3 bd · 1.0 ba · 984 sqft · SingleFamily public records · 5 Days on market

Built 1956 5,641 sqft lot Est $257k · 10% under

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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 +18.9/30.0
• ARV discount +12.2/15.0
• DSCR +6.0/10.0
• Rent growth +4.5/5.0
• 1% rule +4.3/10.0
• Livability +3.7/5.0
• Schools +3.4/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Discover an affordable opportunity in the desirable Kenowa Hills School district. The main floor features a comfortable living room, two bedrooms, and a full bath, while the remodeled kitchen flows into a dining area with a door that opens to the back deck--perfect for easy indoor-outdoor meals. Upstairs, a third bedroom offers privacy for a guest room, office, or creative space. The basement already includes a fireplace and simply awaits flooring to become an inviting family room or rec area. Outside, a two-stall garage provides ample storage, and the fully fenced yard is ready for pets, play, and summer gatherings. Set in a convenient west-side location near local favorites such as Sobie's Meats, Walker Roadhouse, Alfano's, ice-cream spots, and the trails of Blandford Nature Center, this home delivers everyday ease with sought-after schools. Act quickly as the Seller instructs listing broker to hold all offers until Tuesday June 2nd 2026 10 am. TLFA estimated

Key facts

• Remodeled kitchen
• Back deck
• Two-stall garage

Tags

• REMODELED KITCHEN
• BACK DECK
• TWO-STALL GARAGE
• FULLY FENCED YARD
• CONVENIENT WEST-SIDE LOCATION

Property features AI

Exterior

• Parking: Detached 2-car garage
• Utilities: Public water; Natural gas available and connected; Electricity available; High-speed internet
• Home design: Single family residence; Traditional style; Residential property
• Construction: Built in 1956; Vinyl siding; Shingle roof
• Exterior features: Paved road access; Lot about 0.13 acres

Interior

• Kitchen: Dishwasher; Microwave; Range; Refrigerator; Eat-in kitchen with pantry
• Bedrooms: Primary bedroom; Bedroom 2; Bedroom 3
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating
• Interior features: Eat-in kitchen; Pantry; Fireplace; Full basement; 7 total rooms
• Laundry & utility: Washer; Dryer; Laundry room

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $230k.

Deal economics

• At list price, monthly cash flow is $236 ($3k/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 $214k (7.1% below list).
• Recommended offer: $214k (7.1% below list) — sets the bar for 1% rule.
• Cap rate 7.5% vs local median 4.1% in Walker — 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 74/100 on livability (#188 in MI, #4,765 nationally) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, employment B+; Watch: amenities F, health & safety F.
• Kenowa Hills Public Schools (suburban): math 33% / reading 46% proficiency, ranked #205 of 540 in MI (top 38%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents rising fast (+7.9%/yr); 111 active listings in the ZIP; 1 comparable units currently listed for rent nearby; solid renter incomes; 2,253 units permitted in Kent County in 2024 (969 in 5+ unit buildings).
• This rent runs 31% of the median local income ($82k/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 $2k of loan paydown is wiped out by about $7k 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.
• At projected returns (-3.0% appreciation + 7.9% rent growth), your $64k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• Only 5 days on market — expect competitive offers; lowballing is unlikely to land.
• 14 sale attempts since 33y 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 $146k; list at $230k implies a 57% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1956 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $213,526 (7.1% below list)

Questions for the listing agent

1. Built in 1956 — 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. 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.
4. 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.
5. 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: 0.93% ✗
• Cap rate: 7.53%
• Cash-on-cash: 4.40%
• DSCR: 1.20
• GRM: 9.0

CMA / ARV

• ARV (on-the-fly): $256,824
• Comps found: 4

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1585 Marlin Ave NW	0.01mi	3/1.0	1,014 (+3%)	13mo	$265,000	$261	83
1421 Benning Ave NW	0.30mi	3/1.0	1,051 (+7%)	8mo	$253,000	$241	68
1124 Kusterer Dr NW	0.54mi	2/1.0 (-1)	907 (-8%)	10mo	$198,000	$218	48
3232 Rypens Dr NW	0.31mi	2/1.0 (-1)	840 (-15%)	17mo	$237,000	$282	42

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 · 7.87% rent growth · sell at horizon

5-year hold

• IRR: -4.5%
• Equity multiple: 0.82×
• Total profit: $-11,283
• Equity at exit: $34,279

10-year hold

• IRR: 9.8%
• Equity multiple: 1.92×
• Total profit: $59,158
• Equity at exit: $19,878

Cash invested: $64,372 (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 49534

• Home prices YoY: -28.4%
• Rents YoY: 7.9%
• Active inventory: 111
• Price-to-rent: 9.0×

Monthly cashflow live

• Estimated rent: $2,135 medium
• Mortgage (P&I): −$1,206
• Tax from tax record: −$149 /mo · $1,790/yr
• Insurance: −$96
• HOA: −$0
• Vacancy / Maint / Mgmt: −$448
• Net cashflow: $236

Break-even live

Break-even rent $1,836

Max offer price $229,900

Occupancy floor 84%

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: $57,475
• Closing costs: $6,897
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
511 Hampton Ln NW Walker, MI	1.0–2.0	1.0	763	$1,519	$1.99	2d	5	1.48mi

Listing history 33 events

1. 2026-06-03
   statusdays on market $229,900 Pending 5 DOM
2. 2026-06-01
   days on market $229,900 Active 4 DOM
3. 2026-05-31
   days on market $229,900 Active 3 DOM
4. 2026-05-28
   listed $229,900 Active 975-char remark

   Show marketing remark (975 chars)

   Discover an affordable opportunity in the desirable Kenowa Hills School district. The main floor features a comfortable living room, two bedrooms, and a full bath, while the remodeled kitchen flows into a dining area with a door that opens to the back deck--perfect for easy indoor-outdoor meals. Upstairs, a third bedroom offers privacy for a guest room, office, or creative space. The basement already includes a fireplace and simply awaits flooring to become an inviting family room or rec area. Outside, a two-stall garage provides ample storage, and the fully fenced yard is ready for pets, play, and summer gatherings. Set in a convenient west-side location near local favorites such as Sobie's Meats, Walker Roadhouse, Alfano's, ice-cream spots, and the trails of Blandford Nature Center, this home delivers everyday ease with sought-after schools. Act quickly as the Seller instructs listing broker to hold all offers until Tuesday June 2nd 2026 10 am. TLFA estimated

5. 2026-05-28
   listed $229,900 Active 975-char remark

   Show marketing remark (975 chars)

   Discover an affordable opportunity in the desirable Kenowa Hills School district. The main floor features a comfortable living room, two bedrooms, and a full bath, while the remodeled kitchen flows into a dining area with a door that opens to the back deck--perfect for easy indoor-outdoor meals. Upstairs, a third bedroom offers privacy for a guest room, office, or creative space. The basement already includes a fireplace and simply awaits flooring to become an inviting family room or rec area. Outside, a two-stall garage provides ample storage, and the fully fenced yard is ready for pets, play, and summer gatherings. Set in a convenient west-side location near local favorites such as Sobie's Meats, Walker Roadhouse, Alfano's, ice-cream spots, and the trails of Blandford Nature Center, this home delivers everyday ease with sought-after schools. Act quickly as the Seller instructs listing broker to hold all offers until Tuesday June 2nd 2026 10 am. TLFA estimated

6. 2026-05-28
   listed $229,900 Active

   Show marketing remark (975 chars)

   Discover an affordable opportunity in the desirable Kenowa Hills School district. The main floor features a comfortable living room, two bedrooms, and a full bath, while the remodeled kitchen flows into a dining area with a door that opens to the back deck--perfect for easy indoor-outdoor meals. Upstairs, a third bedroom offers privacy for a guest room, office, or creative space. The basement already includes a fireplace and simply awaits flooring to become an inviting family room or rec area. Outside, a two-stall garage provides ample storage, and the fully fenced yard is ready for pets, play, and summer gatherings. Set in a convenient west-side location near local favorites such as Sobie's Meats, Walker Roadhouse, Alfano's, ice-cream spots, and the trails of Blandford Nature Center, this home delivers everyday ease with sought-after schools. Act quickly as the Seller instructs listing broker to hold all offers until Tuesday June 2nd 2026 10 am. TLFA estimated

7. 2020-01-13
   soldstatus $146,500
8. 2020-01-06
   soldstatus $146,500
9. 2020-01-06
   soldstatus $146,500 Sold
10. 2020-01-06
    soldstatus $146,500
11. 2019-12-06
    status Pending
12. 2019-12-04
    listed $139,900
13. 2019-12-04
    listed $139,900 Active
14. 2019-12-04
    listed $139,900
15. 2015-07-22
    soldstatus $110,000
16. 2015-07-17
    soldstatus $110,000
17. 2015-07-17
    soldstatus $110,000
18. 2015-06-04
    listed $104,900
19. 2015-06-04
    listed $104,900
20. 2015-01-09
    historical
21. 2013-10-25
    soldstatus $69,000
22. 2010-04-29
    soldstatus $67,000
23. 2010-04-23
    soldstatus $67,000
24. 2010-04-23
    soldstatus $67,000
25. 2009-10-06
    listed $79,900
26. 2009-10-06
    listed $79,900
27. 2008-09-30
    historical
28. 2008-06-11
    listed $133,000
29. 2008-06-11
    listed $133,000
30. 1993-10-15
    soldstatus $42,000
31. 1993-10-15
    soldstatus $42,000
32. 1993-08-13
    listed $40,150
33. 1993-08-13
    listed $40,150

ⓘ 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: $1,790 · $149/mo
• Projected year-2 tax: $2,665 · $222/mo
• Expected delta: +$875/yr (+$73/mo · 48.9%)

ⓘ 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 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $25,623
• − Mortgage interest: −$12,878
• − Property taxes: −$1,790
• − Insurance: −$1,150
• − Repairs & maintenance: −$2,050
• − Management: −$2,050
• − Depreciation: −$6,688
• Taxable loss: −$982
• Est. tax savings @ 24.0%: +$236
• After-tax cash flow: $3,071/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: Kenowa Hills Public Schools
• NCES district ID: 2620280
• Math proficiency: 33% ▬ 0.00%
• Reading proficiency: 46% ▼ -6.00%
• Median HH income: $53,387
• Composite: 34.36/100
• National rank: #5221
• State rank: #205 of 540 in MI

Livability — Walker

• Score: 74/100
• State rank: #188
• US rank: #4765

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Walker, MI
• County: Kent County · 533,805 people
• City population: 33,350
• Metro: Grand Rapids-Kentwood, MI
• Population (ZIP): 23,719
• Household income: $81,657
• Rent vs Own: 29.9% rent · 70.1% own
• Severe rent burden: 415.0

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 (87%)
• Race & ethnicity: White 87% Two or more races 5% Hispanic / Latino 4% Black 2% Asian 2%
• Common ancestry: Iranian 20% Romanian 12% Lithuanian 2%
• Foreign-born: 4% · Canada, China
• Languages at home: 95% English-only · Spanish 1% Other Indo-European 1% Tagalog/Filipino 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: ▼ -107.59%
• Current HPI: 270.866
• Rent YoY: ▲ 7.87%
• 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

+472.6% since first listed

30 events — show timeline

• 2026-05-28 Listed $229,900 REALCOMP
• 2026-05-28 Listed $229,900 SW Michigan MLS
• 2026-05-28 Listed $229,900 MiRealSource-MiMLS
• 2020-01-13 Sold (Public Records) $146,500 Public Records
• 2020-01-06 Sold (MLS) $146,500 MiRealSource-MiMLS
• 2020-01-06 Sold (MLS) $146,500 SW Michigan MLS
• 2020-01-06 Sold (MLS) $146,500 REALCOMP
• 2019-12-06 Pending — SW Michigan MLS
• 2019-12-04 Listed $139,900 MiRealSource-MiMLS
• 2019-12-04 Listed $139,900 SW Michigan MLS
• 2019-12-04 Listed $139,900 REALCOMP
• 2015-07-22 Sold (Public Records) $110,000 Public Records
• 2015-07-17 Sold (MLS) $110,000 SW Michigan MLS
• 2015-07-17 Sold (MLS) $110,000 REALCOMP
• 2015-06-04 Listed $104,900 SW Michigan MLS
• 2015-06-04 Listed $104,900 REALCOMP
• 2015-01-09 Listing Removed — SW Michigan MLS
• 2013-10-25 Sold (Public Records) $69,000 Public Records
• 2010-04-29 Sold (Public Records) $67,000 Public Records
• 2010-04-23 Sold (MLS) $67,000 REALCOMP
• 2010-04-23 Sold (MLS) $67,000 SW Michigan MLS
• 2009-10-06 Listed $79,900 REALCOMP
• 2009-10-06 Listed $79,900 SW Michigan MLS
• 2008-09-30 Listing Removed — REALCOMP
• 2008-06-11 Listed $133,000 REALCOMP
• 2008-06-11 Listed $133,000 SW Michigan MLS
• 1993-10-15 Sold (MLS) $42,000 REALCOMP
• 1993-10-15 Sold (MLS) $42,000 SW Michigan MLS
• 1993-08-13 Listed $40,150 REALCOMP
• 1993-08-13 Listed $40,150 SW Michigan MLS

Property tax history

+4.9%/yr

Latest (2025): $1,790 · -10.8% YoY. Source: county tax records.