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2215 Dowd St
D+ Composite 49.17
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 +15.0/15.0
  • Cash flow +14.1/30.0
  • Rent growth +5.0/5.0
  • DSCR +4.3/10.0
  • Livability +4.0/5.0
  • 1% rule +3.7/10.0
  • Condition / age +2.5/5.0
  • Schools +0.6/10.0
  • Appreciation +0.0/10.0

$120,000

2215 Dowd St · Muskegon, MI 49441
2 bd · 1.0 ba · 914 sqft · SingleFamily public records · 22 Days on market
Built 1948 0.33 ac lot Est $173k · 31% under

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

This home is looking for it's person. Someone who will appreciate the large FENCED yard, the double garage/driveway. (one car garage door however), and who enjoys an open space (living room, kitchen, dining). Updated bathroom and hot water heat system, and air conditioning (mini split system) in the last 3 years. Needs paint, some flooring and it has some nicks and bruises but all can be done while living here and increasing the equity. House was recently power washed. Located in Nims Neighborhood of the City of Muskegon. Close to downtown, bus stops, many restaurants and stores within a 1/4 to 1/2 mile away. 5 minute drive to Pere Marquette Park on Lake Michigan! Or ride your bike!! Summer is coming. See this house now. Seller motivated. NOTE: Van in driveway will be moved by closing.

Key facts

  • Air conditioning
  • Double garage
  • Large fenced yard

Tags

LARGE FENCED YARDDOUBLE GARAGEUPDATED BATHROOMHOT WATER HEAT SYSTEMAIR CONDITIONINGCLOSE TO DOWNTOWN

Property features AI

Exterior

  • Parking: Detached garage (1 car)
  • Utilities: Public water; Natural gas available; Electricity available; Natural gas water heater
  • Home design: Ranch-style single-family home; Residential property
  • Construction: Built in 1948; Vinyl siding; Composition roof; Slab foundation
  • Exterior features: Corner lot; Paved road access

Interior

  • Kitchen: Eat-in kitchen
  • Bedrooms: Primary bedroom (main level); Second bedroom
  • Bathrooms: 1 full bathroom (main level, accessible)
  • Heating & cooling: Hot water heating
  • Interior features: Eat-in kitchen; Replacement windows; Accessible entrance with 36-inch entrance door and 36-inch (or wider) hallway; Main-floor accessible bedroom and full bathroom; Low-threshold shower; Total of 5 rooms
  • Laundry & utility: Washer; Dryer; Laundry room

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 2-bed/1.0-bath single-family listed at $120k.

Deal economics

  • At list price, monthly cash flow is $18 ($216/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 $105k (12.7% below list).
  • Recommended offer: $105k (12.7% below list) — sets the bar for 1% rule.
  • Cap rate 6.5% vs local median 4.7% in Muskegon — 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 79/100 on livability (#92 in MI, #2,096 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: schools D-, crime F, employment F.
  • Muskegon Public Schools Of The City Of (urban): math 4% / reading 12% proficiency, ranked #534 of 540 in MI (top 99%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 81% free/reduced lunch — lower-income household profile, screen leases tightly.
  • Market conditions: Rents rising fast (+18.1%/yr); 270 active listings in the ZIP; 9 comparable units currently listed for rent nearby; rentals at typical pace (median 22d on market — plan ~3-4 weeks tenant-placement turnaround); 438 units permitted in Muskegon County in 2024 (115 in 5+ unit buildings).

Forward outlook

  • Local home prices are declining (-3.0%/yr); year-one equity from $830 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
  • Muskegon County population projected to shrink 8% by 2050 — rents likely to lag national; underwrite the cash flow, not the appreciation.

Negotiation context

  • It's been on market 22 days — a 2% lower offer ($118k) is reasonable based on typical stale-listing flexibility.
  • 9 sale attempts since 5y ago; this cycle's ask has dropped $25k (17%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

  • Watch-outs: built in 1948 — expect roof / HVAC / electrical / plumbing capex.
Recommended offer $104,801 (12.7% below list)

Questions for the listing agent

  1. Built in 1948 — 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. 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
0.87%
Cap rate
6.47%
Cash-on-cash
0.64%
DSCR
1.03
GRM
9.5

CMA / ARV

ARV (on-the-fly)
$172,746
Comps found
12
Show comp detail 12 sales within ~0.75 mi
Address Dist Beds/Ba Sqft Sold Price $/sf Match
2215 Dowd St 0.00mi 2/1.0 914 (0%) 1mo $108,000 $118 100
950 Young Ave 0.28mi 3/1.0 (+1) 936 (+2%) 2mo $179,400 $192 76
990 W Laketon Ave 0.53mi 2/1.0 912 (-0%) 1mo $200,000 $219 74
746 Lyman Ave 0.38mi 3/1.0 (+1) 924 (+1%) 3mo $118,844 $129 73
2135 Dowd St 0.10mi 3/1.0 (+1) 984 (+8%) 8mo $166,000 $169 71
759 Young Ave 0.39mi 2/1.0 864 (-6%) 7mo $162,900 $189 67
1415 Randolph Ave 0.66mi 2/1.5 917 (+0%) 1mo $206,000 $225 66
1776 Division St 0.58mi 2/1.0 864 (-6%) 3mo $129,900 $150 62
1012 Ireland Ave 0.72mi 2/1.0 881 (-4%) 0mo $206,000 $234 60
2209 9th St 0.72mi 2/1.0 927 (+1%) 6mo $109,900 $119 59
1389 W Laketon Ave 0.70mi 2/1.0 870 (-5%) 4mo $149,800 $172 56
1385 Beardsley Ave 0.57mi 3/1.0 (+1) 1,048 (+15%) 2mo $265,000 $253 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 · 8.0% rent growth · sell at horizon

5-year hold
IRR
-9.9%
Equity multiple
0.62×
Total profit
$-12,754
Equity at exit
$17,892
10-year hold
IRR
5.2%
Equity multiple
1.46×
Total profit
$15,596
Equity at exit
$10,375

Cash invested: $33,600 (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.

ZIP-level market 49441

Rents YoY
18.1%
Active inventory
270
Price-to-rent
9.5×

Monthly cashflow live

Estimated rent
$1,048 high interval (Pro) →
Mortgage (P&I)
$629
Tax from tax record
$131 /mo · $1,567/yr
Insurance
$50
HOA
$0
Vacancy / Maint / Mgmt
$220
Net cashflow
$18

Break-even live

Break-even rent $1,025
Max offer price $120,000
Occupancy floor 93%

Sensitivity live

Price -10% $86 -5% $52 +0% $18 +5% $-16 +10% $-50
Rent -10% $-65 -5% $-23 +0% $18 +5% $59 +10% $101
Rate -1.0pp $78 -0.5pp $49 base $18 +0.5pp $-13 +1.0pp $-45

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
$30,000
Closing costs
$3,600
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 9 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
2901 Temple St Unit 1 Muskegon Heights, MI 2.0 1.0 850 $1,095 $1.29 45d 1 1.01mi
2516 5th St Apt 1 Muskegon Heights, MI 1.0 1.0 630 $775 $1.23 22d 1 1.08mi
2516 5th St Apt 2 Muskegon Heights, MI 1.0 1.0 630 $750 $1.19 22d 1 1.08mi
1893 Jefferson St Unit 2 Muskegon, MI 1.0 1.0 594 $700 $1.18 22d 1 1.13mi
3041 Lemuel St Muskegon, MI 3.0 1.0 872 $1,195 $1.37 22d 1 1.15mi
3040 Temple St Muskegon, MI 2.0 1.0 900 $1,150 $1.28 22d 1 1.20mi
889 Woodside Rd Unit 36 Muskegon, MI 2.0 1.0 880 $1,125 $1.28 45d 1 1.22mi
121 E Holbrook Ave Apt 3 Muskegon, MI 2.0 1.0 650 $950 $1.46 22d 1 1.40mi
488 W Muskegon Ave Muskegon, MI 2.0 1.0 1008 $1,150 $1.14 22d 1 1.41mi

Listing history 24 events

  1. 2026-05-23
    price $120,000 796-char remark
    Show marketing remark (796 chars)

    This home is looking for it's person. Someone who will appreciate the large FENCED yard, the double garage/driveway. (one car garage door however), and who enjoys an open space (living room, kitchen, dining). Updated bathroom and hot water heat system, and air conditioning (mini split system) in the last 3 years. Needs paint, some flooring and it has some nicks and bruises but all can be done while living here and increasing the equity. House was recently power washed. Located in Nims Neighborhood of the City of Muskegon. Close to downtown, bus stops, many restaurants and stores within a 1/4 to 1/2 mile away. 5 minute drive to Pere Marquette Park on Lake Michigan! Or ride your bike!! Summer is coming. See this house now. Seller motivated. NOTE: Van in driveway will be moved by closing.

  2. 2026-05-22
    price $120,000 799-char remark
    Show marketing remark (799 chars)

    This home is looking for it's person. Someone who will appreciate the large FENCED yard, the double garage/driveway. (one car garage door however), and who enjoys an open space (living room, kitchen, dining). Updated bathroom and hot water heat system, and air conditioning (mini split system) in the last 3 years. Needs paint, some flooring and it has some nicks and bruises but all can be done while living here and increasing the equity. House was recently power washed. Located in Nims Neighborhood of the City of Muskegon. Close to downtown, bus stops, many restaurants and stores within a 1/4 to 1/2 mile away. 5 minute drive to Pere Marquette Park on Lake Michigan! Or ride your bike!! Summer is coming. See this house now. Seller motivated. NOTE: Van in driveway will be moved by closing.

  3. 2026-05-22
    price $120,000
    Show marketing remark (799 chars)

    This home is looking for it's person. Someone who will appreciate the large FENCED yard, the double garage/driveway. (one car garage door however), and who enjoys an open space (living room, kitchen, dining). Updated bathroom and hot water heat system, and air conditioning (mini split system) in the last 3 years. Needs paint, some flooring and it has some nicks and bruises but all can be done while living here and increasing the equity. House was recently power washed. Located in Nims Neighborhood of the City of Muskegon. Close to downtown, bus stops, many restaurants and stores within a 1/4 to 1/2 mile away. 5 minute drive to Pere Marquette Park on Lake Michigan! Or ride your bike!! Summer is coming. See this house now. Seller motivated. NOTE: Van in driveway will be moved by closing.

  4. 2026-05-16
    price $135,000 796-char remark
    Show marketing remark (796 chars)

    This home is looking for it's person. Someone who will appreciate the large FENCED yard, the double garage/driveway. (one car garage door however), and who enjoys an open space (living room, kitchen, dining). Updated bathroom and hot water heat system, and air conditioning (mini split system) in the last 3 years. Needs paint, some flooring and it has some nicks and bruises but all can be done while living here and increasing the equity. House was recently power washed. Located in Nims Neighborhood of the City of Muskegon. Close to downtown, bus stops, many restaurants and stores within a 1/4 to 1/2 mile away. 5 minute drive to Pere Marquette Park on Lake Michigan! Or ride your bike!! Summer is coming. See this house now. Seller motivated. NOTE: Van in driveway will be moved by closing.

  5. 2026-05-15
    status Active 799-char remark
    Show marketing remark (796 chars)

    This home is looking for it's person. Someone who will appreciate the large FENCED yard, the double garage/driveway. (one car garage door however), and who enjoys an open space (living room, kitchen, dining). Updated bathroom and hot water heat system, and air conditioning (mini split system) in the last 3 years. Needs paint, some flooring and it has some nicks and bruises but all can be done while living here and increasing the equity. House was recently power washed. Located in Nims Neighborhood of the City of Muskegon. Close to downtown, bus stops, many restaurants and stores within a 1/4 to 1/2 mile away. 5 minute drive to Pere Marquette Park on Lake Michigan! Or ride your bike!! Summer is coming. See this house now. Seller motivated. NOTE: Van in driveway will be moved by closing.

  6. 2026-05-15
    price $135,000 799-char remark
    Show marketing remark (796 chars)

    This home is looking for it's person. Someone who will appreciate the large FENCED yard, the double garage/driveway. (one car garage door however), and who enjoys an open space (living room, kitchen, dining). Updated bathroom and hot water heat system, and air conditioning (mini split system) in the last 3 years. Needs paint, some flooring and it has some nicks and bruises but all can be done while living here and increasing the equity. House was recently power washed. Located in Nims Neighborhood of the City of Muskegon. Close to downtown, bus stops, many restaurants and stores within a 1/4 to 1/2 mile away. 5 minute drive to Pere Marquette Park on Lake Michigan! Or ride your bike!! Summer is coming. See this house now. Seller motivated. NOTE: Van in driveway will be moved by closing.

  7. 2026-05-15
    status Active 796-char remark
    Show marketing remark (796 chars)

    This home is looking for it's person. Someone who will appreciate the large FENCED yard, the double garage/driveway. (one car garage door however), and who enjoys an open space (living room, kitchen, dining). Updated bathroom and hot water heat system, and air conditioning (mini split system) in the last 3 years. Needs paint, some flooring and it has some nicks and bruises but all can be done while living here and increasing the equity. House was recently power washed. Located in Nims Neighborhood of the City of Muskegon. Close to downtown, bus stops, many restaurants and stores within a 1/4 to 1/2 mile away. 5 minute drive to Pere Marquette Park on Lake Michigan! Or ride your bike!! Summer is coming. See this house now. Seller motivated. NOTE: Van in driveway will be moved by closing.

  8. 2026-05-15
    price $135,000
    Show marketing remark (796 chars)

    This home is looking for it's person. Someone who will appreciate the large FENCED yard, the double garage/driveway. (one car garage door however), and who enjoys an open space (living room, kitchen, dining). Updated bathroom and hot water heat system, and air conditioning (mini split system) in the last 3 years. Needs paint, some flooring and it has some nicks and bruises but all can be done while living here and increasing the equity. House was recently power washed. Located in Nims Neighborhood of the City of Muskegon. Close to downtown, bus stops, many restaurants and stores within a 1/4 to 1/2 mile away. 5 minute drive to Pere Marquette Park on Lake Michigan! Or ride your bike!! Summer is coming. See this house now. Seller motivated. NOTE: Van in driveway will be moved by closing.

  9. 2026-05-15
    status Active
    Show marketing remark (796 chars)

    This home is looking for it's person. Someone who will appreciate the large FENCED yard, the double garage/driveway. (one car garage door however), and who enjoys an open space (living room, kitchen, dining). Updated bathroom and hot water heat system, and air conditioning (mini split system) in the last 3 years. Needs paint, some flooring and it has some nicks and bruises but all can be done while living here and increasing the equity. House was recently power washed. Located in Nims Neighborhood of the City of Muskegon. Close to downtown, bus stops, many restaurants and stores within a 1/4 to 1/2 mile away. 5 minute drive to Pere Marquette Park on Lake Michigan! Or ride your bike!! Summer is coming. See this house now. Seller motivated. NOTE: Van in driveway will be moved by closing.

  10. 2026-05-11
    status Pending 799-char remark
    Show marketing remark (796 chars)

    This home is looking for it's person. Someone who will appreciate the large FENCED yard, the double garage/driveway. (one car garage door however), and who enjoys an open space (living room, kitchen, dining). Updated bathroom and hot water heat system, and air conditioning (mini split system) in the last 3 years. Needs paint, some flooring and it has some nicks and bruises but all can be done while living here and increasing the equity. House was recently power washed. Located in Nims Neighborhood of the City of Muskegon. Close to downtown, bus stops, many restaurants and stores within a 1/4 to 1/2 mile away. 5 minute drive to Pere Marquette Park on Lake Michigan! Or ride your bike!! Summer is coming. See this house now. Seller motivated. NOTE: Van in driveway will be moved by closing.

  11. 2026-05-11
    status Pending 796-char remark
    Show marketing remark (796 chars)

    This home is looking for it's person. Someone who will appreciate the large FENCED yard, the double garage/driveway. (one car garage door however), and who enjoys an open space (living room, kitchen, dining). Updated bathroom and hot water heat system, and air conditioning (mini split system) in the last 3 years. Needs paint, some flooring and it has some nicks and bruises but all can be done while living here and increasing the equity. House was recently power washed. Located in Nims Neighborhood of the City of Muskegon. Close to downtown, bus stops, many restaurants and stores within a 1/4 to 1/2 mile away. 5 minute drive to Pere Marquette Park on Lake Michigan! Or ride your bike!! Summer is coming. See this house now. Seller motivated. NOTE: Van in driveway will be moved by closing.

  12. 2026-05-11
    status Pending
    Show marketing remark (796 chars)

    This home is looking for it's person. Someone who will appreciate the large FENCED yard, the double garage/driveway. (one car garage door however), and who enjoys an open space (living room, kitchen, dining). Updated bathroom and hot water heat system, and air conditioning (mini split system) in the last 3 years. Needs paint, some flooring and it has some nicks and bruises but all can be done while living here and increasing the equity. House was recently power washed. Located in Nims Neighborhood of the City of Muskegon. Close to downtown, bus stops, many restaurants and stores within a 1/4 to 1/2 mile away. 5 minute drive to Pere Marquette Park on Lake Michigan! Or ride your bike!! Summer is coming. See this house now. Seller motivated. NOTE: Van in driveway will be moved by closing.

  13. 2026-05-01
    listed $145,000 Active 796-char remark
    Show marketing remark (799 chars)

    This home is looking for it's person. Someone who will appreciate the large FENCED yard, the double garage/driveway. (one car garage door however), and who enjoys an open space (living room, kitchen, dining). Updated bathroom and hot water heat system, and air conditioning (mini split system) in the last 3 years. Needs paint, some flooring and it has some nicks and bruises but all can be done while living here and increasing the equity. House was recently power washed. Located in Nims Neighborhood of the City of Muskegon. Close to downtown, bus stops, many restaurants and stores within a 1/4 to 1/2 mile away. 5 minute drive to Pere Marquette Park on Lake Michigan! Or ride your bike!! Summer is coming. See this house now. Seller motivated. NOTE: Van in driveway will be moved by closing.

  14. 2026-05-01
    listed $145,000 Active 799-char remark
    Show marketing remark (799 chars)

    This home is looking for it's person. Someone who will appreciate the large FENCED yard, the double garage/driveway. (one car garage door however), and who enjoys an open space (living room, kitchen, dining). Updated bathroom and hot water heat system, and air conditioning (mini split system) in the last 3 years. Needs paint, some flooring and it has some nicks and bruises but all can be done while living here and increasing the equity. House was recently power washed. Located in Nims Neighborhood of the City of Muskegon. Close to downtown, bus stops, many restaurants and stores within a 1/4 to 1/2 mile away. 5 minute drive to Pere Marquette Park on Lake Michigan! Or ride your bike!! Summer is coming. See this house now. Seller motivated. NOTE: Van in driveway will be moved by closing.

  15. 2026-05-01
    listed $145,000 Active
    Show marketing remark (799 chars)

    This home is looking for it's person. Someone who will appreciate the large FENCED yard, the double garage/driveway. (one car garage door however), and who enjoys an open space (living room, kitchen, dining). Updated bathroom and hot water heat system, and air conditioning (mini split system) in the last 3 years. Needs paint, some flooring and it has some nicks and bruises but all can be done while living here and increasing the equity. House was recently power washed. Located in Nims Neighborhood of the City of Muskegon. Close to downtown, bus stops, many restaurants and stores within a 1/4 to 1/2 mile away. 5 minute drive to Pere Marquette Park on Lake Michigan! Or ride your bike!! Summer is coming. See this house now. Seller motivated. NOTE: Van in driveway will be moved by closing.

  16. 2021-05-12
    soldstatus $187,500
  17. 2021-05-07
    soldstatus $87,500 Sold
  18. 2021-05-07
    soldstatus $87,500 Sold
  19. 2021-03-03
    status Pending
  20. 2021-03-03
    status Pending
  21. 2021-02-08
    listed $84,900 Active
  22. 2021-02-08
    listed $84,900 Active
  23. 2021-02-08
    listed $84,900
  24. 2002-09-19
    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
$1,567 · $131/mo
Projected year-2 tax
$1,708 · $142/mo
Expected delta
+$140/yr (+$12/mo · 9.0%)

ⓘ 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 1/10 Low 7 d/yr ≥94°F today · 15 d/yr by 30 yrs out
  • 💨 Wind 1/10 Low
  • 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 7 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
$12,576
− Mortgage interest
−$6,722
− Property taxes
−$1,567
− Insurance
−$600
− Repairs & maintenance
−$1,006
− Management
−$1,006
− Depreciation
−$3,491
Taxable loss
−$1,816
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$436
After-tax cash flow
$652/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
Muskegon Public Schools Of The City Of
NCES district ID
2624840
Math proficiency
4% ▼ -9.00%
Reading proficiency
12% ▼ -9.00%
Median HH income
$27,622
Composite
5.8/100
National rank
#10017
State rank
#534 of 540 in MI

Livability — Muskegon

Score
79/100
State rank
#92
US rank
#2096

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

Census place
Muskegon, MI
County
Muskegon County · 107,917 people
City population
44,766
Metro
Muskegon, MI
Population (ZIP)
36,779
Household income
$67,427
Rent vs Own
24.2% rent · 75.8% own
Severe rent burden
938.0

Population outlook (Muskegon County) Hauer SSP2

Today (2025)
174,032 people
By 2030
173,365 · -0.4%
By 2040
168,877 · -3.0%
By 2050
160,306 · -7.9%
By 2075
134,426 · -22.8%
By 2100
98,836 · -43.2%

Race, ethnicity, and origin ACS 2023

Neighborhood character
Predominantly White (79%)
Race & ethnicity
White 79% Black 9% Two or more races 8% Hispanic / Latino 7%
Hispanic origin (detail)
Mexican 5%
Common ancestry
Iranian 8% Romanian 5% Lithuanian 2%
Foreign-born
3% · Canada
Languages at home
94% English-only · Spanish 4% German/W. Germanic 1%

Political lean MEDSL · Muskegon

2024 margin
Toss-up / Even · D 48.4% · R 50.2% · Other 1.5%
2008→2024 swing
-31.1pp toward R · 2008: 29.3pp · 2024: -1.8pp
All cycles
2024: R+1.8 2020: D+0.6 2016: D+0.9 2012: D+17.8 2008: D+29.3

Not yet ingested

Civics

Market trends

HPI YoY
▼ -448.86%
Current HPI
263.8317
Rent YoY
▲ 18.11%
Metro
Muskegon, MI
State GDP YoY
▲ 1.37%
F500 in state
28

Industry mix (Fortune 500 HQ in MI)

Industry F500 HQs Revenue

Price history

+242.9% since first listed
24 events — show timeline
  • 2026-05-23 Price Changed $120,000 MiRealSource-MiMLS
  • 2026-05-22 Price Changed $120,000 REALCOMP
  • 2026-05-22 Price Changed $120,000 SW Michigan MLS
  • 2026-05-16 Price Changed $135,000 MiRealSource-MiMLS
  • 2026-05-15 Relisted REALCOMP
  • 2026-05-15 Price Changed $135,000 REALCOMP
  • 2026-05-15 Relisted MiRealSource-MiMLS
  • 2026-05-15 Price Changed $135,000 SW Michigan MLS
  • 2026-05-15 Relisted SW Michigan MLS
  • 2026-05-11 Pending REALCOMP
  • 2026-05-11 Pending MiRealSource-MiMLS
  • 2026-05-11 Pending SW Michigan MLS
  • 2026-05-01 Listed $145,000 SW Michigan MLS
  • 2026-05-01 Listed $145,000 REALCOMP
  • 2026-05-01 Listed $145,000 MiRealSource-MiMLS
  • 2021-05-12 Sold (Public Records) $187,500 Public Records
  • 2021-05-07 Sold (MLS) $87,500 SW Michigan MLS
  • 2021-05-07 Sold (MLS) $87,500 REALCOMP
  • 2021-03-03 Pending REALCOMP
  • 2021-03-03 Pending SW Michigan MLS
  • 2021-02-08 Listed $84,900 MiRealSource-MiMLS
  • 2021-02-08 Listed $84,900 SW Michigan MLS
  • 2021-02-08 Listed $84,900 REALCOMP
  • 2002-09-19 Sold (Public Records) $35,000 Public Records

Property tax history

+4.9%/yr

Latest (2025): $1,567 · +10.9% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…