451 Carrier St, Grand Rapids, MI 49505

1,976 sqft · built 1920 · Grand Rapids · SINGLE_FAMILY·source listing ↗

$89,900

$105,000 first listed

seller intel

Price cut

−14.4%

from $105,000

Motivation score

55/100

OnePercent model (vv1)$2,036/mo

p10–p90 confidence band

HUD Fair Market Rent · 49505 · $1,260/mo

Area comps median (last 90d)—

FMR from HUD SAFMR FY2026. Never a naked estimate.

County

Kent

Flood risk indexRelatively Low FEMA NRI

Median household income$74,906

Median area rent$1,324/mo

Median home value$246,700

the verdict

2.26%vs 1.0% target

financing: 20% down · — (FRED, live) · 30yr

$89,900

2.26% · rent $2,036

Intrinsic value · income approach

$292,442

69% below intrinsic value

Value = net operating income ÷ market cap rate. Not investment advice.

Ten-year owner return

Equity multiple, per-year cash flow, and appreciation modeling are a Pro feature.