943 Prospect Ave NE · 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 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 +15.9/30.0
- ARV discount +7.5/15.0
- DSCR +4.9/10.0
- Livability +4.2/5.0
- Rent growth +3.2/5.0
- 1% rule +3.1/10.0
- Condition / age +2.5/5.0
- Schools +1.9/10.0
- Appreciation +0.0/10.0
$218,000
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
Check out this great NE Grand Rapids home! This home features 4 bedrooms, 1 spacious main floor bathroom with a washer and dryer, a 3 season room that is perfect for relaxing, a mud room, and a one-stall garage. Recent updates include updated kitchen cabinets, subway tile backsplash, new flooring and paint. Opportunity to finish the basement for more additional living space! Conveniently located just minutes from downtown Grand Rapids, Belknap Park, GVSU, the Medical Mile, restaurants, and entertainment. The property also offers off-street parking and alley access to the garage for added convenience. All appliances included. Move-in ready with immediate possession! This property offers a tremendous opportunity for buyers looking for a great value in a prime location. Don't miss this one! Seller reserves the right to implement an offer deadline. Buyer and Buyer Agent to verify all information. Security system reserved.
Key facts
- 3 season room
- Off street parking
- New flooring
Tags
Property features AI
Exterior
- Parking: Detached 1-car garage
- Utilities: Public water
- Home design: Traditional single-family residence; Built in 1900
- Construction: Shingle siding; Asphalt roof; Full basement
- Exterior features: Paved road access; Public water
Interior
- Kitchen: Range; Refrigerator
- Bathrooms: 1 full bathroom
- Heating & cooling: Forced air heating
- Interior features: Garage door opener; Storm windows with screens and window treatments
- Laundry & utility: Washer; Dryer
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath single-family listed at $218k.
Deal economics
- At list price, monthly cash flow is $102 ($1k/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 $176k (19.5% below list).
- Recommended offer: $176k (19.5% below list) — sets the bar for 1% rule.
- Cap rate 6.9% 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 (+2.8%/yr); 181 active listings in the ZIP; 35 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 94% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,253 units permitted in Kent County in 2024 (969 in 5+ unit buildings).
- This rent runs 33% 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 $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.
Negotiation context
- It's been on market 29 days — a 2% lower offer ($215k) is reasonable based on typical stale-listing flexibility.
- 18 sale attempts since 16y 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 $60k; list at $218k implies a 263% gain — meaningful room to come down on a strong offer.
Risks & watch-outs
- Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- 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?
- 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?
- 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
- 0.81% ✗
- Cap rate
- 6.85%
- Cash-on-cash
- 2.00%
- DSCR
- 1.09
- GRM
- 10.3
CMA / ARV
No comps found within radius.
Projected returns pro-forma
-3.0% appreciation · 2.82% rent growth · sell at horizon
- IRR
- -13.4%
- Equity multiple
- 0.52×
- Total profit
- $-29,260
- Equity at exit
- $32,505
- IRR
- -4.8%
- Equity multiple
- 0.69×
- Total profit
- $-18,862
- Equity at exit
- $18,849
Cash invested: $61,040 (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 49503
- Rents YoY
- 2.8%
- Active inventory
- 181
- Price-to-rent
- 10.3×
Monthly cashflow live
- Estimated rent
- $1,756 high interval (Pro) →
- Mortgage (P&I)
- −$1,143
- Tax from tax record
- −$51 /mo · $612/yr
- Insurance
- −$91
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$369
- Net cashflow
- $102
Break-even live
Sensitivity live
| Price | -10% $225 | -5% $164 | +0% $102 | +5% $40 | +10% $-21 |
|---|---|---|---|---|---|
| Rent | -10% $-37 | -5% $33 | +0% $102 | +5% $171 | +10% $241 |
| Rate | -1.0pp $212 | -0.5pp $157 | base $102 | +0.5pp $45 | +1.0pp $-12 |
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
- $54,500
- Closing costs
- $6,540
- 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 35 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 202 Leonard St NE Grand Rapids, MI | 2.0 | 1.0 | 950 | $1,200 | $1.26 | 44d | 1 | 0.29mi |
| 120 Leonard St NE Unit 2 Grand Rapids, MI | 2.0 | 1.0 | 750 | $1,275 | $1.70 | 44d | 1 | 0.31mi |
| 711 Clancy Ave NE Grand Rapids, MI | 2.0 | 1.0 | 837 | $1,345 | $1.61 | 44d | 1 | 0.39mi |
| 733 Livingston Ave NE Grand Rapids, MI | 2.0 | 1.0 | 900 | $1,245 | $1.38 | 44d | 1 | 0.43mi |
| 135 Page St NE Grand Rapids, MI | 3.0 | 2.0 | 1100 | $3,100 | $2.82 | 44d | 1 | 0.44mi |
| 1349 Maude Ave NE Grand Rapids, MI | 2.0 | 1.0 | 600 | $1,145 | $1.91 | 44d | 1 | 0.47mi |
| 818 Grand Ave NE Apt D Grand Rapids, MI | 2.0 | 1.0 | 850 | $1,400 | $1.65 | 44d | 1 | 0.54mi |
| 1359 Plainfield Ave NE Grand Rapids, MI | 2.0 | 1.0–2.0 | 720 | $2,325 | $3.23 | 3d | 9 | 0.54mi |
| 41 Caledonia St NE Unit 1 Grand Rapids, MI | 2.0 | 1.0 | 800 | $1,395 | $1.74 | 44d | 1 | 0.62mi |
| 1314 Portland Ave NE Grand Rapids, MI | 2.0 | 1.0 | 908 | $1,425 | $1.57 | 44d | 1 | 0.67mi |
| 50 Mathews Ct NE Grand Rapids, MI | 3.0 | 1.5 | 1100 | $1,850 | $1.68 | 44d | 1 | 0.68mi |
| 601 Bond Ave NW Grand Rapids, MI | 1.0–2.0 | 1.0–2.0 | 853 | $2,565 | $3.01 | 44d | 10 | 0.73mi |
| 414 Benson Ave NE Grand Rapids, MI | 1.0–3.0 | 1.0–2.0 | 1110 | $2,673 | $2.41 | 44d | 14 | 0.79mi |
| 507 Eastern Ave NE #2 Grand Rapids, MI | 2.0 | 1.0 | 710 | $1,495 | $2.11 | 44d | 1 | 0.86mi |
| 407 11th St NW Unit C Grand Rapids, MI | 2.0 | 1.0 | 772 | $1,500 | $1.94 | 44d | 1 | 0.88mi |
| 201 Michigan St NW Grand Rapids, MI | 1.0–2.0 | 1.0–2.0 | 981 | $2,800 | $2.85 | 44d | 10 | 0.92mi |
| 417 6th St NW Unit 1346768P Grand Rapids, MI | 2.0 | 1.0 | 742 | $2,794 | $3.77 | 44d | 1 | 0.96mi |
| 855 Michigan St NE Unit 205 Grand Rapids, MI | 2.0 | 1.0 | 813 | $1,575 | $1.94 | 44d | 1 | 0.99mi |
| 239 Ann St NE Unit 1 Grand Rapids, MI | 2.0 | 1.0 | 928 | $1,300 | $1.40 | 44d | 1 | 1.02mi |
| 200 Ionia Ave NW Grand Rapids, MI | 1.0–2.0 | 1.0 | 500 | $1,246 | $2.49 | 44d | 3 | 1.02mi |
| 1335 Hamilton Ave NW Unit 2 Grand Rapids, MI | 3.0 | 1.0 | 1124 | $1,395 | $1.24 | 44d | 1 | 1.08mi |
| 555 7th St NW Grand Rapids, MI | 2.0–4.0 | 2.0 | 547 | $795 | $1.45 | 44d | 6 | 1.11mi |
| 139 Pearl St NW Unit 201 Grand Rapids, MI | 2.0 | 1.0 | 769 | $1,650 | $2.15 | 44d | 1 | 1.13mi |
| 27 Library St NE #501 Grand Rapids, MI | 2.0 | 2.0 | 1109 | $2,925 | $2.64 | 44d | 1 | 1.17mi |
| 1044 Muskegon Ave NW Unit 2 Grand Rapids, MI | 3.0 | 1.0 | 1100 | $1,800 | $1.64 | 44d | 1 | 1.17mi |
| 1844 Monroe Ave NW Grand Rapids, MI | 2.0 | 1.0 | 1000 | $2,050 | $2.05 | 44d | 1 | 1.19mi |
| 138 Fulton St E Unit 2 Grand Rapids, MI | 2.0 | 1.0 | 800 | $1,800 | $2.25 | 44d | 1 | 1.26mi |
| 17 Lafayette Ave SE Grand Rapids, MI | 2.0 | 1.0–2.0 | 720 | $2,125 | $2.95 | 44d | 7 | 1.28mi |
| 608 Bridge St NW Grand Rapids, MI | 2.0 | 1.0 | 1100 | $1,595 | $1.45 | 44d | 1 | 1.33mi |
| 734 Crosby St NW Unit 1 Grand Rapids, MI | 3.0 | 1.0 | 1057 | $1,800 | $1.70 | 44d | 1 | 1.39mi |
| 1004 Jennette Ave NW Grand Rapids, MI | 3.0 | 1.0 | 1000 | $1,025 | $1.02 | 44d | 1 | 1.43mi |
| 345 State St SE Grand Rapids, MI | 2.0 | 2.0 | 1107 | $1,280 | $1.16 | 44d | 2 | 1.45mi |
| 1011 Jennette Ave NW Unit 2 Grand Rapids, MI | 2.0 | 1.0 | 720 | $1,450 | $2.01 | 44d | 1 | 1.45mi |
| 547 Cherry St SE Grand Rapids, MI | 2.0 | 1.0 | 521 | $1,250 | $2.40 | 44d | 1 | 1.48mi |
| 745 Stocking Ave NW Grand Rapids, MI | 1.0–2.0 | 1.0 | 879 | $1,541 | $1.75 | 15d | 3 | 1.49mi |
Listing history 50 events
-
2026-06-18days on market $218,000 Active 29 DOM
-
2026-06-17days on market $218,000 Active 28 DOM
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2026-06-16days on market $218,000 Active 27 DOM
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2026-06-15days on market $218,000 Active 26 DOM
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2026-06-14days on market $218,000 Active 24 DOM
-
2026-06-13days on market $218,000 Active 23 DOM
-
2026-06-10days on market $218,000 Active 21 DOM
-
2026-06-09days on market $218,000 Active 20 DOM
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2026-06-08days on market $218,000 Active 19 DOM
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2026-06-07days on market $218,000 Active 18 DOM
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2026-06-05days on market $218,000 Active 15 DOM
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2026-06-03days on market $218,000 Active 14 DOM
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2026-06-03days on market $218,000 Active 13 DOM
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2026-06-01days on market $218,000 Active 12 DOM
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2026-05-31days on market $218,000 Active 11 DOM
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2026-05-23status Active 931-char remark
Show marketing remark (931 chars)
Check out this great NE Grand Rapids home! This home features 4 bedrooms, 1 spacious main floor bathroom with a washer and dryer, a 3 season room that is perfect for relaxing, a mud room, and a one-stall garage. Recent updates include updated kitchen cabinets, subway tile backsplash, new flooring and paint. Opportunity to finish the basement for more additional living space! Conveniently located just minutes from downtown Grand Rapids, Belknap Park, GVSU, the Medical Mile, restaurants, and entertainment. The property also offers off-street parking and alley access to the garage for added convenience. All appliances included. Move-in ready with immediate possession! This property offers a tremendous opportunity for buyers looking for a great value in a prime location. Don't miss this one! Seller reserves the right to implement an offer deadline. Buyer and Buyer Agent to verify all information. Security system reserved.
-
2026-05-23status Active 931-char remark
Show marketing remark (931 chars)
Check out this great NE Grand Rapids home! This home features 4 bedrooms, 1 spacious main floor bathroom with a washer and dryer, a 3 season room that is perfect for relaxing, a mud room, and a one-stall garage. Recent updates include updated kitchen cabinets, subway tile backsplash, new flooring and paint. Opportunity to finish the basement for more additional living space! Conveniently located just minutes from downtown Grand Rapids, Belknap Park, GVSU, the Medical Mile, restaurants, and entertainment. The property also offers off-street parking and alley access to the garage for added convenience. All appliances included. Move-in ready with immediate possession! This property offers a tremendous opportunity for buyers looking for a great value in a prime location. Don't miss this one! Seller reserves the right to implement an offer deadline. Buyer and Buyer Agent to verify all information. Security system reserved.
-
2026-05-23status Active
Show marketing remark (931 chars)
Check out this great NE Grand Rapids home! This home features 4 bedrooms, 1 spacious main floor bathroom with a washer and dryer, a 3 season room that is perfect for relaxing, a mud room, and a one-stall garage. Recent updates include updated kitchen cabinets, subway tile backsplash, new flooring and paint. Opportunity to finish the basement for more additional living space! Conveniently located just minutes from downtown Grand Rapids, Belknap Park, GVSU, the Medical Mile, restaurants, and entertainment. The property also offers off-street parking and alley access to the garage for added convenience. All appliances included. Move-in ready with immediate possession! This property offers a tremendous opportunity for buyers looking for a great value in a prime location. Don't miss this one! Seller reserves the right to implement an offer deadline. Buyer and Buyer Agent to verify all information. Security system reserved.
-
2026-05-14status Pending 931-char remark
Show marketing remark (931 chars)
Check out this great NE Grand Rapids home! This home features 4 bedrooms, 1 spacious main floor bathroom with a washer and dryer, a 3 season room that is perfect for relaxing, a mud room, and a one-stall garage. Recent updates include updated kitchen cabinets, subway tile backsplash, new flooring and paint. Opportunity to finish the basement for more additional living space! Conveniently located just minutes from downtown Grand Rapids, Belknap Park, GVSU, the Medical Mile, restaurants, and entertainment. The property also offers off-street parking and alley access to the garage for added convenience. All appliances included. Move-in ready with immediate possession! This property offers a tremendous opportunity for buyers looking for a great value in a prime location. Don't miss this one! Seller reserves the right to implement an offer deadline. Buyer and Buyer Agent to verify all information. Security system reserved.
-
2026-05-14status Pending 931-char remark
Show marketing remark (931 chars)
Check out this great NE Grand Rapids home! This home features 4 bedrooms, 1 spacious main floor bathroom with a washer and dryer, a 3 season room that is perfect for relaxing, a mud room, and a one-stall garage. Recent updates include updated kitchen cabinets, subway tile backsplash, new flooring and paint. Opportunity to finish the basement for more additional living space! Conveniently located just minutes from downtown Grand Rapids, Belknap Park, GVSU, the Medical Mile, restaurants, and entertainment. The property also offers off-street parking and alley access to the garage for added convenience. All appliances included. Move-in ready with immediate possession! This property offers a tremendous opportunity for buyers looking for a great value in a prime location. Don't miss this one! Seller reserves the right to implement an offer deadline. Buyer and Buyer Agent to verify all information. Security system reserved.
-
2026-05-14status Pending
Show marketing remark (931 chars)
Check out this great NE Grand Rapids home! This home features 4 bedrooms, 1 spacious main floor bathroom with a washer and dryer, a 3 season room that is perfect for relaxing, a mud room, and a one-stall garage. Recent updates include updated kitchen cabinets, subway tile backsplash, new flooring and paint. Opportunity to finish the basement for more additional living space! Conveniently located just minutes from downtown Grand Rapids, Belknap Park, GVSU, the Medical Mile, restaurants, and entertainment. The property also offers off-street parking and alley access to the garage for added convenience. All appliances included. Move-in ready with immediate possession! This property offers a tremendous opportunity for buyers looking for a great value in a prime location. Don't miss this one! Seller reserves the right to implement an offer deadline. Buyer and Buyer Agent to verify all information. Security system reserved.
-
2026-05-11$218,000 Active 931-char remark
Show marketing remark (931 chars)
Check out this great NE Grand Rapids home! This home features 4 bedrooms, 1 spacious main floor bathroom with a washer and dryer, a 3 season room that is perfect for relaxing, a mud room, and a one-stall garage. Recent updates include updated kitchen cabinets, subway tile backsplash, new flooring and paint. Opportunity to finish the basement for more additional living space! Conveniently located just minutes from downtown Grand Rapids, Belknap Park, GVSU, the Medical Mile, restaurants, and entertainment. The property also offers off-street parking and alley access to the garage for added convenience. All appliances included. Move-in ready with immediate possession! This property offers a tremendous opportunity for buyers looking for a great value in a prime location. Don't miss this one! Seller reserves the right to implement an offer deadline. Buyer and Buyer Agent to verify all information. Security system reserved.
-
2026-05-11$218,000 Active 931-char remark
Show marketing remark (931 chars)
Check out this great NE Grand Rapids home! This home features 4 bedrooms, 1 spacious main floor bathroom with a washer and dryer, a 3 season room that is perfect for relaxing, a mud room, and a one-stall garage. Recent updates include updated kitchen cabinets, subway tile backsplash, new flooring and paint. Opportunity to finish the basement for more additional living space! Conveniently located just minutes from downtown Grand Rapids, Belknap Park, GVSU, the Medical Mile, restaurants, and entertainment. The property also offers off-street parking and alley access to the garage for added convenience. All appliances included. Move-in ready with immediate possession! This property offers a tremendous opportunity for buyers looking for a great value in a prime location. Don't miss this one! Seller reserves the right to implement an offer deadline. Buyer and Buyer Agent to verify all information. Security system reserved.
-
2026-05-11$218,000 Active
Show marketing remark (931 chars)
Check out this great NE Grand Rapids home! This home features 4 bedrooms, 1 spacious main floor bathroom with a washer and dryer, a 3 season room that is perfect for relaxing, a mud room, and a one-stall garage. Recent updates include updated kitchen cabinets, subway tile backsplash, new flooring and paint. Opportunity to finish the basement for more additional living space! Conveniently located just minutes from downtown Grand Rapids, Belknap Park, GVSU, the Medical Mile, restaurants, and entertainment. The property also offers off-street parking and alley access to the garage for added convenience. All appliances included. Move-in ready with immediate possession! This property offers a tremendous opportunity for buyers looking for a great value in a prime location. Don't miss this one! Seller reserves the right to implement an offer deadline. Buyer and Buyer Agent to verify all information. Security system reserved.
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2026-04-25historical
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2026-04-23status Active
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2026-04-23status Active
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2026-04-03status Pending
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2026-04-03status Pending
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2026-02-23status Active
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2026-02-23status Active
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2026-02-15status Pending
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2026-02-15status Pending
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2025-11-08$224,900 Active
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2025-11-08$224,900 Active
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2025-09-01status Pending
-
2025-09-01status Pending
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2025-08-31historical
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2025-08-31historical
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2025-07-22$224,900 Active
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2025-07-22$224,900 Active
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2015-08-13soldstatus $60,000
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2015-05-19soldstatus $60,000
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2015-05-19soldstatus $60,000
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2015-02-09historical
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2015-01-23$59,900
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2015-01-23$59,900
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2010-10-28historical
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2010-04-28$29,900
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2010-04-28$29,900
ⓘ 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
- $612 · $51/mo
- Projected year-2 tax
- $1,985 · $165/mo
- Expected delta
- +$1,372/yr (+$114/mo · 224.1%)
ⓘ 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
- $21,069
- − Mortgage interest
- −$12,211
- − Property taxes
- −$612
- − Insurance
- −$1,090
- − Repairs & maintenance
- −$1,685
- − Management
- −$1,685
- − Depreciation
- −$6,342
- Taxable loss
- −$2,558
- Est. tax savings @ 24.0%
- +$614
- After-tax cash flow
- $1,837/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)
- 39,489
- Household income
- $64,661
- Rent vs 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 |
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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
+629.1% since first listed35 events — show timeline
- 2026-05-23 Relisted — REALCOMP
- 2026-05-23 Relisted — MiRealSource-MiMLS
- 2026-05-23 Relisted — SW Michigan MLS
- 2026-05-14 Pending — REALCOMP
- 2026-05-14 Pending — MiRealSource-MiMLS
- 2026-05-14 Pending — SW Michigan MLS
- 2026-05-11 Listed $218,000 REALCOMP
- 2026-05-11 Listed $218,000 SW Michigan MLS
- 2026-05-11 Listed $218,000 MiRealSource-MiMLS
- 2026-04-25 Listing Removed — MiRealSource-MiMLS
- 2026-04-23 Relisted — REALCOMP
- 2026-04-23 Relisted — MiRealSource-MiMLS
- 2026-04-03 Pending — REALCOMP
- 2026-04-03 Pending — MiRealSource-MiMLS
- 2026-02-23 Relisted — REALCOMP
- 2026-02-23 Relisted — MiRealSource-MiMLS
- 2026-02-15 Pending — REALCOMP
- 2026-02-15 Pending — MiRealSource-MiMLS
- 2025-11-08 Listed $224,900 MiRealSource-MiMLS
- 2025-11-08 Listed $224,900 REALCOMP
- 2025-09-01 Pending — MiRealSource-MiMLS
- 2025-09-01 Pending — REALCOMP
- 2025-08-31 Listing Removed — REALCOMP
- 2025-08-31 Listing Removed — MiRealSource-MiMLS
- 2025-07-22 Listed $224,900 REALCOMP
- 2025-07-22 Listed $224,900 MiRealSource-MiMLS
- 2015-08-13 Sold (Public Records) $60,000 Public Records
- 2015-05-19 Sold (MLS) $60,000 SW Michigan MLS
- 2015-05-19 Sold (MLS) $60,000 REALCOMP
- 2015-02-09 Listing Removed — SW Michigan MLS
- 2015-01-23 Listed $59,900 SW Michigan MLS
- 2015-01-23 Listed $59,900 REALCOMP
- 2010-10-28 Listing Removed — REALCOMP
- 2010-04-28 Listed $29,900 REALCOMP
- 2010-04-28 Listed $29,900 SW Michigan MLS
Property tax history
-1.5%/yrLatest (2025): $612 · -3.6% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…