319 Visser St · Spring Lake, MI 49456

$239,900

3 bd · 1.0 ba · 963 sqft · SingleFamily public records · 77 Days on market

Built 1910 6,165 sqft lot $249/sqft · 24% above area Est $275k · 13% 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 +17.1/30.0
• ARV discount +13.2/15.0
• Schools +6.4/10.0
• DSCR +5.3/10.0
• Livability +4.0/5.0
• 1% rule +3.7/10.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Move right into this completely updated 3-bedroom, 1-bath home in the village! Designed for easy main-floor living, this home is perfect for all stages of life and features new LVT flooring and fresh paint throughout. The upper level offers a third bedroom plus a flexible bonus space ideal for a home office or additional living area. An unfinished lower level provides plenty of storage. Outside, enjoy a spacious fenced-in backyard, a large deck, and a storage shed--perfect for relaxing or entertaining. Conveniently located directly across from Spring Lake Middle and Elementary School, this charming home is ready for its new owners!

Key facts

• Flexible bonus space
• Fresh paint
• Updated home

Tags

• UPDATED HOME
• MAIN-FLOOR LIVING
• NEW LVT FLOORING
• FRESH PAINT
• FLEXIBLE BONUS SPACE
• UNFINISHED LOWER LEVEL

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $240k.

Deal economics

• At list price, monthly cash flow is $167 ($2k/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 $208k (13.2% below list).
• Recommended offer: $208k (13.2% below list) — sets the bar for 1% rule.
• Cap rate 7.1% vs local median 1.7% in Spring Lake — 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 (#87 in MI, #2,003 nationally) — a middle-class / working-renter tenant base. Strengths: schools A+, crime A+, cost of living A+; Watch: amenities F, commute F.
• Spring Lake Public Schools (suburban): math 72% / reading 77% proficiency, ranked #9 of 540 in MI (top 2%) — strong family-tenant draw, lease renewals of 3-5y typical; only 14% free/reduced lunch — higher-income household profile.
• Market conditions: 214 active listings in the ZIP; 2 comparable units currently listed for rent nearby; solid renter incomes; 1,237 units permitted in Ottawa County in 2024 (443 in 5+ unit buildings).

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.
• Ottawa County population projected at +24% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 77 days — a 6% lower offer ($226k) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts; this cycle's ask has dropped $35k (13%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $121k; list at $240k implies a 98% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1910 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $208,314 (13.2% below list)

Questions for the listing agent

1. It's been on market 77 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
2. Built in 1910 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 7.13%
• Cash-on-cash: 2.98%
• DSCR: 1.13
• GRM: 9.6

CMA / ARV

• ARV (median comp): $274,867
• List price: $239,900
• Delta: -12.72%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 9 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
520 E Exchange St	0.33mi	3/1.0	1,000 (+4%)	15mo	$250,000	$250	66
614 River St	0.40mi	2/1.0 (-1)	1,025 (+6%)	10mo	$300,000	$293	57
215 N Jackson St	0.50mi	3/2.0	932 (-3%)	12mo	$340,000	$365	57
519 Boelens Ct	0.32mi	4/1.5 (+1)	920 (-4%)	17mo	$329,900	$359	56
209 Douglas Ct	0.44mi	3/1.5	1,089 (+13%)	8mo	$360,000	$331	49
17199 Franklin Ave	0.73mi	2/1.0 (-1)	900 (-6%)	7mo	$330,000	$367	44
305 N Division St	0.59mi	2/2.0 (-1)	1,038 (+8%)	10mo	$295,000	$284	42
414 W Exchange St	0.54mi	2/1.0 (-1)	1,044 (+8%)	24mo	$165,000	$158	36
17184 Esther Ave	0.63mi	2/1.0 (-1)	1,050 (+9%)	22mo	$310,000	$295	32

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -11.6%
• Equity multiple: 0.58×
• Total profit: $-28,346
• Equity at exit: $35,770

10-year hold

• IRR: -2.5%
• Equity multiple: 0.83×
• Total profit: $-11,344
• Equity at exit: $20,742

Cash invested: $67,172 (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 49456

• Active inventory: 214
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $2,083 medium
• Mortgage (P&I): −$1,258
• Tax from tax record: −$121 /mo · $1,454/yr
• Insurance: −$100
• HOA: −$0
• Vacancy / Maint / Mgmt: −$437
• Net cashflow: $167

Break-even live

Break-even rent $1,872

Max offer price $239,900

Occupancy floor 87%

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: $59,975
• Closing costs: $7,197
• Reserves months: —
• Total cash needed: —

Rent comps 2 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
106 S Buchanan St Spring Lake, MI	2.0	1.0–2.5	759	$2,250	$2.96	3d	12	0.28mi
104 S Beechtree St Unit A Grand Haven, MI	2.0	1.0	800	$1,295	$1.62	19d	1	1.10mi

Listing history 26 events

1. 2026-06-18
   days on market $239,900 Active 77 DOM
2. 2026-06-17
   days on market $239,900 Active 76 DOM
3. 2026-06-16
   days on market $239,900 Active 75 DOM
4. 2026-06-15
   days on market $239,900 Active 74 DOM
5. 2026-06-14
   days on market $239,900 Active 72 DOM
6. 2026-06-10
   days on market $239,900 Active 69 DOM
7. 2026-06-09
   days on market $239,900 Active 68 DOM
8. 2026-06-08
   days on market $239,900 Active 67 DOM
9. 2026-06-07
   days on market $239,900 Active 66 DOM
10. 2026-06-03
    statusdays on market $239,900 Active 62 DOM
11. 2026-05-14
    price $239,900 639-char remark

    Show marketing remark (639 chars)

    Move right into this completely updated 3-bedroom, 1-bath home in the village! Designed for easy main-floor living, this home is perfect for all stages of life and features new LVT flooring and fresh paint throughout. The upper level offers a third bedroom plus a flexible bonus space ideal for a home office or additional living area. An unfinished lower level provides plenty of storage. Outside, enjoy a spacious fenced-in backyard, a large deck, and a storage shed--perfect for relaxing or entertaining. Conveniently located directly across from Spring Lake Middle and Elementary School, this charming home is ready for its new owners!

12. 2026-05-14
    price $239,900 639-char remark

    Show marketing remark (639 chars)

    Move right into this completely updated 3-bedroom, 1-bath home in the village! Designed for easy main-floor living, this home is perfect for all stages of life and features new LVT flooring and fresh paint throughout. The upper level offers a third bedroom plus a flexible bonus space ideal for a home office or additional living area. An unfinished lower level provides plenty of storage. Outside, enjoy a spacious fenced-in backyard, a large deck, and a storage shed--perfect for relaxing or entertaining. Conveniently located directly across from Spring Lake Middle and Elementary School, this charming home is ready for its new owners!

13. 2026-05-14
    price $239,900

    Show marketing remark (639 chars)

    Move right into this completely updated 3-bedroom, 1-bath home in the village! Designed for easy main-floor living, this home is perfect for all stages of life and features new LVT flooring and fresh paint throughout. The upper level offers a third bedroom plus a flexible bonus space ideal for a home office or additional living area. An unfinished lower level provides plenty of storage. Outside, enjoy a spacious fenced-in backyard, a large deck, and a storage shed--perfect for relaxing or entertaining. Conveniently located directly across from Spring Lake Middle and Elementary School, this charming home is ready for its new owners!

14. 2026-05-05
    price $234,900 639-char remark

    Show marketing remark (639 chars)

    Move right into this completely updated 3-bedroom, 1-bath home in the village! Designed for easy main-floor living, this home is perfect for all stages of life and features new LVT flooring and fresh paint throughout. The upper level offers a third bedroom plus a flexible bonus space ideal for a home office or additional living area. An unfinished lower level provides plenty of storage. Outside, enjoy a spacious fenced-in backyard, a large deck, and a storage shed--perfect for relaxing or entertaining. Conveniently located directly across from Spring Lake Middle and Elementary School, this charming home is ready for its new owners!

15. 2026-05-05
    price $234,900 639-char remark

    Show marketing remark (639 chars)

    Move right into this completely updated 3-bedroom, 1-bath home in the village! Designed for easy main-floor living, this home is perfect for all stages of life and features new LVT flooring and fresh paint throughout. The upper level offers a third bedroom plus a flexible bonus space ideal for a home office or additional living area. An unfinished lower level provides plenty of storage. Outside, enjoy a spacious fenced-in backyard, a large deck, and a storage shed--perfect for relaxing or entertaining. Conveniently located directly across from Spring Lake Middle and Elementary School, this charming home is ready for its new owners!

16. 2026-05-05
    price $234,900

    Show marketing remark (639 chars)

    Move right into this completely updated 3-bedroom, 1-bath home in the village! Designed for easy main-floor living, this home is perfect for all stages of life and features new LVT flooring and fresh paint throughout. The upper level offers a third bedroom plus a flexible bonus space ideal for a home office or additional living area. An unfinished lower level provides plenty of storage. Outside, enjoy a spacious fenced-in backyard, a large deck, and a storage shed--perfect for relaxing or entertaining. Conveniently located directly across from Spring Lake Middle and Elementary School, this charming home is ready for its new owners!

17. 2026-04-15
    price $249,900 639-char remark

    Show marketing remark (639 chars)

    Move right into this completely updated 3-bedroom, 1-bath home in the village! Designed for easy main-floor living, this home is perfect for all stages of life and features new LVT flooring and fresh paint throughout. The upper level offers a third bedroom plus a flexible bonus space ideal for a home office or additional living area. An unfinished lower level provides plenty of storage. Outside, enjoy a spacious fenced-in backyard, a large deck, and a storage shed--perfect for relaxing or entertaining. Conveniently located directly across from Spring Lake Middle and Elementary School, this charming home is ready for its new owners!

18. 2026-04-15
    price $249,900 639-char remark

    Show marketing remark (639 chars)

    Move right into this completely updated 3-bedroom, 1-bath home in the village! Designed for easy main-floor living, this home is perfect for all stages of life and features new LVT flooring and fresh paint throughout. The upper level offers a third bedroom plus a flexible bonus space ideal for a home office or additional living area. An unfinished lower level provides plenty of storage. Outside, enjoy a spacious fenced-in backyard, a large deck, and a storage shed--perfect for relaxing or entertaining. Conveniently located directly across from Spring Lake Middle and Elementary School, this charming home is ready for its new owners!

19. 2026-04-15
    price $249,900

    Show marketing remark (639 chars)

    Move right into this completely updated 3-bedroom, 1-bath home in the village! Designed for easy main-floor living, this home is perfect for all stages of life and features new LVT flooring and fresh paint throughout. The upper level offers a third bedroom plus a flexible bonus space ideal for a home office or additional living area. An unfinished lower level provides plenty of storage. Outside, enjoy a spacious fenced-in backyard, a large deck, and a storage shed--perfect for relaxing or entertaining. Conveniently located directly across from Spring Lake Middle and Elementary School, this charming home is ready for its new owners!

20. 2026-04-10
    price $259,900 639-char remark

    Show marketing remark (639 chars)

    Move right into this completely updated 3-bedroom, 1-bath home in the village! Designed for easy main-floor living, this home is perfect for all stages of life and features new LVT flooring and fresh paint throughout. The upper level offers a third bedroom plus a flexible bonus space ideal for a home office or additional living area. An unfinished lower level provides plenty of storage. Outside, enjoy a spacious fenced-in backyard, a large deck, and a storage shed--perfect for relaxing or entertaining. Conveniently located directly across from Spring Lake Middle and Elementary School, this charming home is ready for its new owners!

21. 2026-04-10
    price $259,900 639-char remark

    Show marketing remark (639 chars)

    Move right into this completely updated 3-bedroom, 1-bath home in the village! Designed for easy main-floor living, this home is perfect for all stages of life and features new LVT flooring and fresh paint throughout. The upper level offers a third bedroom plus a flexible bonus space ideal for a home office or additional living area. An unfinished lower level provides plenty of storage. Outside, enjoy a spacious fenced-in backyard, a large deck, and a storage shed--perfect for relaxing or entertaining. Conveniently located directly across from Spring Lake Middle and Elementary School, this charming home is ready for its new owners!

22. 2026-04-10
    price $259,900

    Show marketing remark (639 chars)

    Move right into this completely updated 3-bedroom, 1-bath home in the village! Designed for easy main-floor living, this home is perfect for all stages of life and features new LVT flooring and fresh paint throughout. The upper level offers a third bedroom plus a flexible bonus space ideal for a home office or additional living area. An unfinished lower level provides plenty of storage. Outside, enjoy a spacious fenced-in backyard, a large deck, and a storage shed--perfect for relaxing or entertaining. Conveniently located directly across from Spring Lake Middle and Elementary School, this charming home is ready for its new owners!

23. 2026-03-20
    listed $275,000 Active 639-char remark

    Show marketing remark (639 chars)

    Move right into this completely updated 3-bedroom, 1-bath home in the village! Designed for easy main-floor living, this home is perfect for all stages of life and features new LVT flooring and fresh paint throughout. The upper level offers a third bedroom plus a flexible bonus space ideal for a home office or additional living area. An unfinished lower level provides plenty of storage. Outside, enjoy a spacious fenced-in backyard, a large deck, and a storage shed--perfect for relaxing or entertaining. Conveniently located directly across from Spring Lake Middle and Elementary School, this charming home is ready for its new owners!

24. 2026-03-20
    listed $275,000 Active 639-char remark

    Show marketing remark (639 chars)

    Move right into this completely updated 3-bedroom, 1-bath home in the village! Designed for easy main-floor living, this home is perfect for all stages of life and features new LVT flooring and fresh paint throughout. The upper level offers a third bedroom plus a flexible bonus space ideal for a home office or additional living area. An unfinished lower level provides plenty of storage. Outside, enjoy a spacious fenced-in backyard, a large deck, and a storage shed--perfect for relaxing or entertaining. Conveniently located directly across from Spring Lake Middle and Elementary School, this charming home is ready for its new owners!

25. 2026-03-20
    listed $275,000 Active

    Show marketing remark (639 chars)

    Move right into this completely updated 3-bedroom, 1-bath home in the village! Designed for easy main-floor living, this home is perfect for all stages of life and features new LVT flooring and fresh paint throughout. The upper level offers a third bedroom plus a flexible bonus space ideal for a home office or additional living area. An unfinished lower level provides plenty of storage. Outside, enjoy a spacious fenced-in backyard, a large deck, and a storage shed--perfect for relaxing or entertaining. Conveniently located directly across from Spring Lake Middle and Elementary School, this charming home is ready for its new owners!

26. 2026-03-03
    soldstatus $121,000

ⓘ 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: $1,454 · $121/mo
• Projected year-2 tax: $2,574 · $214/mo
• Expected delta: +$1,120/yr (+$93/mo · 77.1%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 5/10 Major FEMA zone X (unshaded) · 43% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥93°F today · 15 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 4/10 Moderate 5 unhealthy d/yr today · 7 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,998
• − Mortgage interest: −$13,438
• − Property taxes: −$1,454
• − Insurance: −$1,200
• − Repairs & maintenance: −$2,000
• − Management: −$2,000
• − Depreciation: −$6,979
• Taxable loss: −$2,072
• Est. tax savings @ 24.0%: +$497
• After-tax cash flow: $2,496/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: Spring Lake Public Schools
• NCES district ID: 2632550
• Math proficiency: 72% ▼ -5.00%
• Reading proficiency: 77% ▼ -3.00%
• Median HH income: $60,951
• Composite: 64.13/100
• National rank: #572
• State rank: #9 of 540 in MI

Livability — Spring Lake

• Score: 79/100
• State rank: #87
• US rank: #2003

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Spring Lake, MI
• County: Ottawa County · 144,142 people
• Metro: Grand Rapids-Kentwood, MI
• Population (ZIP): 19,931
• Household income: $92,672
• Rent vs Own: 17.7% rent · 82.3% own
• Severe rent burden: 354.0

Population outlook (Ottawa County) Hauer SSP2

• Today (2025): 313,561 people
• By 2030: 330,027 · +5.3%
• By 2040: 361,118 · +15.2%
• By 2050: 388,414 · +23.9%
• By 2075: 452,175 · +44.2%
• By 2100: 473,041 · +50.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (91%)
• Race & ethnicity: White 91% Hispanic / Latino 4% Two or more races 3%
• Common ancestry: Iranian 17% Romanian 8% Lithuanian 3%
• Foreign-born: 2% · Canada
• Languages at home: 97% English-only · Spanish 2% Other Indo-European 1%

Political lean MEDSL · Ottawa

• 2024 margin: Strong R (+20.4) · D 39.0% · R 59.5% · Other 1.5%
• 2008→2024 swing: +3.4pp toward D · 2008: -23.9pp · 2024: -20.4pp
• All cycles: 2024: R+20.4 2020: R+21.5 2016: R+30.4 2012: R+34.2 2008: R+23.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -381.34%
• Current HPI: 391.2983
• Rent YoY: —
• 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

+98.3% since first listed

16 events — show timeline

• 2026-05-14 Price Changed $239,900 MiRealSource-MiMLS
• 2026-05-14 Price Changed $239,900 REALCOMP
• 2026-05-14 Price Changed $239,900 SW Michigan MLS
• 2026-05-05 Price Changed $234,900 MiRealSource-MiMLS
• 2026-05-05 Price Changed $234,900 REALCOMP
• 2026-05-05 Price Changed $234,900 SW Michigan MLS
• 2026-04-15 Price Changed $249,900 MiRealSource-MiMLS
• 2026-04-15 Price Changed $249,900 REALCOMP
• 2026-04-15 Price Changed $249,900 SW Michigan MLS
• 2026-04-10 Price Changed $259,900 MiRealSource-MiMLS
• 2026-04-10 Price Changed $259,900 REALCOMP
• 2026-04-10 Price Changed $259,900 SW Michigan MLS
• 2026-03-20 Listed $275,000 SW Michigan MLS
• 2026-03-20 Listed $275,000 REALCOMP
• 2026-03-20 Listed $275,000 MiRealSource-MiMLS
• 2026-03-03 Sold (Public Records) $121,000 Public Records

Property tax history

+3.4%/yr

Latest (2025): $1,454 · +3.7% YoY. Source: county tax records.