Real Estate Investing in Tustin, Michigan (49688)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 49688 (Tustin, MI)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 32.2% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Tustin, MI (49688)?
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Market Analysis: 49688 Tustin
ZIP 49688 inside Osceola County looks affordable on the surface — median value of $250K — but the discount exists for reasons that a careful buyer should understand before committing.
From a cash-flow lens, the numbers look inviting — $250K purchase price, 0.0% nominal cap — the work to hit that pro forma in 49688 is substantial and deserves full respect.
From a cash-flow lens, 49688 offers a low basis, the region around Tustin has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A robust renter share of 13% in 49688 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Experienced landlords with local relationships tend to find 49688 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Tustin:
Market Trends
Home Value History (with trend line)
📊 How Does 49688 Compare?
| Metric | 49688 | Tustin | Michigan |
|---|---|---|---|
| Home Value | $249,973 | $249,973 | $253,279 |
| 5-Year CAGR | 5.2% | 5.2% | 6.8% |
| Avg Rent | $1,143 | $1,143 | - |
| Cap Rate | 3.6% | 3.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 49688 (Tustin, MI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $249,973 |
| Monthly Rent | $1,143 |
| Price-to-Rent | 18.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.5% |
| Cap Rate | 3.6% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | +17.8% ▲ |
| 3-Year CAGR | +6.5% ▲ |
| 5-Year CAGR | +5.2% ▲ |
| 10-Year CAGR | +8.0% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.6%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 49688
Population: 2,443
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Where do rents currently stand in Tustin, MI?
Investors in Tustin, MI typically see rents near $1,143/mo per month against $250K home values - a solid setup for rental cash flow.
What is the typical home price in Tustin, MI?
In Tustin, MI the median home value sits at $250K. Against the broader MI market, that reads as reasonable for most investors.
Does Tustin, MI make sense for an investment property?
With a 3.0/5 investability score, Tustin, MI ranks as a solid market for rental property investors. Median prices of $250K and rents of $1,143/mo drive the underlying numbers.
What approach is best for Tustin, MI real estate?
The best-fit strategy in Tustin, MI is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
How quickly do rentals get leased in Tustin, MI?
Tustin, MI carries elevated vacancy risk. Expect measured absorption at market rents of $1,143/mo.
You know 49688 now. You don’t know where it ranks.
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