2215 Dowd St · Muskegon, MI
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $507 – $1,088
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $784 – $1,456
Heat risk 1/10 · Minimal
- Hot days now (above 94°F)
- 7 days/yr
- Hot days in 30 yrs
- 15 days/yr
Wind risk 1/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 4/10 · Minor
- Unhealthy air days now
- 5 days/yr
- Unhealthy air days in 30 yrs
- 7 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).
- 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
🖨 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
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
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.
Questions for the listing agent
- Built in 1948 — 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.
- 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?
- 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
- 0.87% ✗
- 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
- IRR
- -9.9%
- Equity multiple
- 0.62×
- Total profit
- $-12,754
- Equity at exit
- $17,892
- 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
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
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
| Address | Beds | Baths | Sqft | Rent | $/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
-
2026-05-23price $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.
-
2026-05-22price $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.
-
2026-05-22price $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.
-
2026-05-16price $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.
-
2026-05-15status 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.
-
2026-05-15price $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.
-
2026-05-15status 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.
-
2026-05-15price $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.
-
2026-05-15status 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.
-
2026-05-11status 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.
-
2026-05-11status 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.
-
2026-05-11status 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.
-
2026-05-01$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.
-
2026-05-01$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.
-
2026-05-01$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.
-
2021-05-12soldstatus $187,500
-
2021-05-07soldstatus $87,500 Sold
-
2021-05-07soldstatus $87,500 Sold
-
2021-03-03status Pending
-
2021-03-03status Pending
-
2021-02-08$84,900 Active
-
2021-02-08$84,900 Active
-
2021-02-08$84,900
-
2002-09-19soldstatus $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
- 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
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
- 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 |
|---|---|---|
| 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
+242.9% since first listed24 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%/yrLatest (2025): $1,567 · +10.9% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…