1406 Reo Ave · Lansing, MI 48910

$55,000

2 bd · 1.0 ba · 864 sqft · SingleFamily public records · 82 Days on market

Built 1909 Fair condition 1,306 sqft lot $64/sqft · 42% below area Est $94k · 42% under ↓ 21% since listing

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Why this score? — see what drove the B+ 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 +30.0/30.0
• ARV discount +15.0/15.0
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• Livability +4.0/5.0
• Rent growth +3.7/5.0
• Condition / age +2.2/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Back on Market due to buyer financing falling through! Nestled just off the main street in the heart of REO Town, this charming two-story home offers an affordable opportunity to become part of one of Lansing's most vibrant and historic communities. Built in 1909, the home features two bedrooms, one full bathroom, and a full basement, providing ample storage and potential for future use. A tried-and-true gravity-fed heating system adds to the home's enduring character and craftsmanship. Whether you're a first-time buyer, investor, or someone looking to put down roots in an up-and-coming neighborhood, opportunity abounds in this Lansing treasure.

Key facts

• Full basement
• 1,306 sq ft lot
• Built 1909

Tags

• GRAVITY-FED HEATING SYSTEM
• FULL BASEMENT

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $55k. Condition is rated fair.

Deal economics

• At list price, monthly cash flow is $455 ($5k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $55k).
• Recommended offer: $52k (6.0% below list) — sets the bar for market timing.
• Cap rate 16.2% vs local median 5.9% in Lansing — 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 (#94 in MI, #2,182 nationally) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, cost of living A+; Watch: employment D, crime F.
• Lansing Public School District (urban): math 14% / reading 23% proficiency, ranked #650 of 760 in MI (top 86%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 68% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Pattengill School (600 students, 88% FRL) — zoned schools average 88% FRL vs 68% district-wide (21 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising fast (+4.7%/yr); 303 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals lingering (median 110d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 50% of comp listings sitting > 30 days — soft ceiling on asking rent; 350 units permitted in Ingham County in 2024 (186 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $380 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Ingham County population projected at +11% by 2050 — modest demand growth; plan on rents tracking national, not racing it.
• At projected returns (-3.0% appreciation + 4.7% rent growth), your $15k cash investment doubles in ~4 years — after that, you're playing with house money.

Negotiation context

• It's been on market 82 days — a 6% lower offer ($52k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: property tax is 2.8% of price; built in 1909 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $51,700 (6.0% below list)

Questions for the listing agent

1. It's been on market 82 days. Have you received any prior offers? Is the seller open to a 6% concession, seller financing, or rate buy-down credit?
2. Have any recent inspections been done? Can we get a copy of the seller's disclosures and any deferred-maintenance estimates?
3. Built in 1909 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are F-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
8. 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?
9. 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.
10. 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.
11. 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: 2.06% ✓
• Cap rate: 16.22%
• Cash-on-cash: 35.44%
• DSCR: 2.58
• GRM: 4.0

CMA / ARV

• ARV (median comp): $94,228
• List price: $55,000
• Delta: -41.63%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1607 Bailey St	0.60mi	2/1.0	886 (+2%)	1mo	$89,000	$100	67
1723 Osband Ave	0.40mi	3/1.5 (+1)	882 (+2%)	7mo	$145,000	$164	64
2305 Forest Ave	0.69mi	2/1.0	888 (+3%)	7mo	$142,200	$160	58
531 Torrance Ct	0.47mi	2/1.0	780 (-10%)	7mo	$80,000	$103	56
512 Woodrow Ave	0.63mi	2/1.0	912 (+6%)	8mo	$104,500	$115	55
1824 S Rundle Ave	0.59mi	3/1.0 (+1)	915 (+6%)	4mo	$176,000	$192	54
1703 Linval St	0.58mi	2/2.5	814 (-6%)	8mo	$117,000	$144	51
1017 W Barnes Ave	0.66mi	2/1.0	762 (-12%)	6mo	$110,000	$144	44
900 W Mount Hope Ave	0.67mi	2/1.0	748 (-13%)	6mo	$100,000	$134	41
841 Baker St	0.70mi	3/1.0 (+1)	960 (+11%)	4mo	$57,000	$59	41
2104 S Rundle Ave	0.72mi	3/2.0 (+1)	939 (+9%)	5mo	$135,500	$144	39
520 Riley St	0.70mi	3/1.0 (+1)	948 (+10%)	9mo	$176,400	$186	38

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 · 4.71% rent growth · sell at horizon

5-year hold

• IRR: 33.2%
• Equity multiple: 2.43×
• Total profit: $22,093
• Equity at exit: $8,201

10-year hold

• IRR: 41.1%
• Equity multiple: 5.23×
• Total profit: $65,185
• Equity at exit: $4,755

Cash invested: $15,400 (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 →

Balanced market Market conditions within 1.0 mi — comparable homes for sale

Active competition Active MLS

• For sale now: 23 active · 33 under contract
• Months of supply: 4.6 mo (22%/mo absorbed)
• Median asking: $95,000 ($104/sqft)
• Median days on market: 71 d
• This list price: lowest-priced of the active set
• ARV vs active asking: +5.1% vs current asking $/sqft

Closed sales set the value; these active listings set current market conditions and a practical price ceiling.

ZIP-level market 48910

• Rents YoY: 4.7%
• Active inventory: 303
• Price-to-rent: 4.0×

Monthly cashflow live

• Estimated rent: $1,133 high
• Mortgage (P&I): −$288
• Tax from tax record: −$129 /mo · $1,547/yr
• Insurance: −$23
• HOA: −$0
• Vacancy / Maint / Mgmt: −$238
• Net cashflow: $455

Break-even live

Break-even rent $557

Max offer price $55,000

Occupancy floor 55%

Sensitivity live

Price	-10% $486	-5% $470	+0% $455	+5% $439	+10% $424
Rent	-10% $365	-5% $410	+0% $455	+5% $500	+10% $544
Rate	-1.0pp $483	-0.5pp $469	base $455	+0.5pp $441	+1.0pp $426

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: $13,750
• Closing costs: $1,650
• Club membership (one-time): —
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
124 W South St Unit 1 Lansing, MI	1.0	1.0	600	$950	$1.58	6d	1	0.16mi
1017 S Grand Ave Unit 1 Lansing, MI	1.0	1.0	600	$900	$1.50	6d	1	0.36mi
1828 Davis Ave Lansing, MI	2.0	1.0	700	$1,150	$1.64	139d	1	0.39mi
920 S Washington Ave Lansing, MI	2.0	1.0–2.0	975	$1,190	$1.22	6d	1	0.39mi
855 S Washington Ave Lansing, MI	1.0	1.0	576	$1,245	$2.16	139d	9	0.49mi
534 Norman St Lansing, MI	2.0	1.0	690	$975	$1.41	6d	1	0.55mi
711 Baker St Lansing, MI	3.0	1.0	1040	$1,250	$1.20	5d	1	0.60mi
313 E Saint Joseph St Lansing, MI	2.0	1.0	475	$1,150	$2.42	6d	6	0.65mi
335 E Saint Joseph St Unit 6 Lansing, MI	2.0	1.0	700	$949	$1.36	139d	1	0.67mi
335 E Saint Joseph St Unit 14 Lansing, MI	2.0	1.0	700	$925	$1.32	6d	1	0.67mi
326 E Hillsdale St Unit 8 Lansing, MI	1.0	1.0	700	$895	$1.28	2d	1	0.70mi
301 W Lenawee St Lansing, MI	2.0	1.0	649	$1,645	$2.53	5d	8	0.71mi
501 S Capitol Ave Lansing, MI	2.0	1.0	794	$1,400	$1.76	6d	1	0.71mi
1913 Stirling Ave Unit 1 Lansing, MI	2.0	2.0	1100	$1,200	$1.09	139d	1	0.72mi
319 E Hillsdale St Unit 16 Lansing, MI	2.0	1.0	700	$975	$1.39	6d	1	0.72mi
319 E Hillsdale St Apt 7 Lansing, MI	1.0	1.0	600	$845	$1.41	6d	1	0.72mi
515 S Chestnut St Lansing, MI	2.0	1.0	646	$942	$1.46	5d	6	0.73mi
331 E Hillsdale St Unit 2 Lansing, MI	1.0	1.0	700	$895	$1.28	6d	1	0.73mi
509 Cherry St Unit 2 Lansing, MI	1.0	1.0	550	$975	$1.77	117d	1	0.75mi
1424 S Pennsylvania Ave Lansing, MI	1.0	1.0	700	$915	$1.31	139d	1	0.79mi
1424 S Pennsylvania Ave Lansing, MI	1.0	1.0	700	$840	$1.20	6d	1	0.79mi
420 S Walnut St Lansing, MI	1.0	1.0	525	$875	$1.67	139d	1	0.80mi
1420 S Pennsylvania Ave Lansing, MI	1.0	1.0	700	$750	$1.07	117d	3	0.80mi
1420 S Pennsylvania Ave Lansing, MI	1.0	1.0	700	$840	$1.20	6d	1	0.80mi
401 S Washington Sq Unit 205 Lansing, MI	2.0	1.0	968	$1,355	$1.40	139d	1	0.81mi
401 S Washington Sq Unit 409 Lansing, MI	2.0	1.0	1017	$1,299	$1.28	6d	1	0.81mi
401 S Washington Sq Unit 408 Lansing, MI	2.0	1.0	845	$1,255	$1.49	6d	1	0.81mi
401 S Washington Sq Unit 212 Lansing, MI	1.0	1.0	827	$1,330	$1.61	139d	1	0.81mi
1216 W Mount Hope Ave Lansing, MI	2.0	1.0	924	$1,240	$1.34	6d	1	0.89mi
805 Bement St Unit Hosmer 507 Lansing, MI	2.0	1.0	1120	$1,075	$0.96	139d	1	0.98mi
507 S Hosmer St Lansing, MI	2.0	1.0	1120	$1,075	$0.96	139d	1	0.99mi
401 E Willard Ave Unit 19 Lansing, MI	2.0	1.0	775	$1,000	$1.29	139d	1	1.00mi
1100 Malcolm X St Unit B Lansing, MI	2.0	1.0	979	$1,050	$1.07	109d	1	1.04mi
430 Dunlap St Lansing, MI	2.0	1.0	940	$1,450	$1.54	117d	1	1.10mi
1030 S Holmes St Lansing, MI	1.0	1.0–1.5	812	$1,595	$1.96	5d	5	1.11mi
1330 W Hillsdale St Lansing, MI	3.0	1.0	1008	$1,550	$1.54	139d	1	1.13mi
1223 Bensch St Lansing, MI	3.0	1.0	850	$1,200	$1.41	117d	1	1.15mi
1109 W Washtenaw St Unit 5 Lansing, MI	2.0	1.0	755	$795	$1.05	139d	1	1.15mi
3031 S Washington Ave Lansing, MI	1.0–2.0	1.0	725	$1,100	$1.52	139d	1	1.19mi
1815 Potomac Cir Lansing, MI	2.0	1.0	1002	$1,200	$1.20	109d	1	1.22mi

Property features AI

Finance

• Other: Zoning listedLot dimensions roughly 28 x 50 (about 0.03 acres)

Exterior

• Parking: Driveway
• Utilities: Public waterPublic sewer
• Home design: Single-family residence used as an investmentTwo levelsFront door entryApproximately 1,296 total area (864 above grade)
• Construction: Block foundationBlock basement
• Exterior features: Shingle roofPaved road accessCity lot

Interior

• Kitchen: No appliances listed
• Bedrooms: Six total rooms (includes bedrooms and living spaces)
• Flooring: VinylWood
• Bathrooms: One full bathroom
• Heating & cooling: Gravity heatingNo cooling
• Interior features: Vinyl and wood flooringBlock basement
• Laundry & utility: Laundry located in the basement

Listing history 50 events

1. 2026-09-24
   days on market $55,000 Active 82 DOM
2. 2026-09-24
   days on market $55,000 Active 81 DOM
3. 2026-09-22
   days on market $55,000 Active 80 DOM
4. 2026-09-21
   days on market $55,000 Active 79 DOM
5. 2026-09-20
   days on market $55,000 Active 78 DOM
6. 2026-09-19
   days on market $55,000 Active 77 DOM
7. 2026-09-18
   days on market $55,000 Active 76 DOM
8. 2026-09-17
   days on market $55,000 Active 75 DOM
9. 2026-09-16
   days on market $55,000 Active 74 DOM
10. 2026-09-15
    days on market $55,000 Active 73 DOM
11. 2026-09-14
    days on market $55,000 Active 72 DOM
12. 2026-09-13
    days on market $55,000 Active 71 DOM
13. 2026-09-12
    days on market $55,000 Active 70 DOM
14. 2026-09-11
    days on market $55,000 Active 69 DOM
15. 2026-09-05
    days on market $55,000 Active 63 DOM
16. 2026-09-04
    days on market $55,000 Active 62 DOM
17. 2026-09-03
    days on market $55,000 Active 61 DOM
18. 2026-08-31
    days on market $55,000 Active 58 DOM
19. 2026-08-30
    days on market $55,000 Active 57 DOM
20. 2026-08-29
    days on market $55,000 Active 56 DOM
21. 2026-08-28
    days on market $55,000 Active 55 DOM
22. 2026-08-27
    days on market $55,000 Active 54 DOM
23. 2026-08-25
    days on market $55,000 Active 52 DOM
24. 2026-08-24
    days on market $55,000 Active 51 DOM
25. 2026-08-23
    days on market $55,000 Active 50 DOM
26. 2026-08-22
    days on market $55,000 Active 49 DOM
27. 2026-08-21
    days on market $55,000 Active 48 DOM
28. 2026-08-20
    days on market $55,000 Active 47 DOM
29. 2026-08-19
    days on market $55,000 Active 46 DOM
30. 2026-08-18
    days on market $55,000 Active 45 DOM
31. 2026-08-17
    days on market $55,000 Active 44 DOM
32. 2026-08-16
    days on market $55,000 Active 43 DOM
33. 2026-08-15
    days on market $55,000 Active 42 DOM
34. 2026-08-14
    days on market $55,000 Active 41 DOM
35. 2026-08-13
    days on market $55,000 Active 40 DOM
36. 2026-08-12
    days on market $55,000 Active 39 DOM
37. 2026-08-11
    days on market $55,000 Active 38 DOM
38. 2026-08-10
    days on market $55,000 Active 37 DOM
39. 2026-08-09
    days on market $55,000 Active 36 DOM
40. 2026-08-08
    days on market $55,000 Active 35 DOM
41. 2026-08-07
    days on market $55,000 Active 34 DOM
42. 2026-08-06
    days on market $55,000 Active 33 DOM
43. 2026-08-05
    days on market $55,000 Active 32 DOM
44. 2026-08-04
    days on market $55,000 Active 31 DOM
45. 2026-08-03
    days on market $55,000 Active 30 DOM
46. 2026-07-31
    days on market $55,000 Active 27 DOM
47. 2026-07-30
    days on market $55,000 Active 26 DOM
48. 2026-07-29
    days on market $55,000 Active 25 DOM
49. 2026-07-27
    days on market $55,000 Active 23 DOM
50. 2026-07-25
    days on market $55,000 Active 21 DOM

ⓘ 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: $1,547 · $129/mo
• Projected year-2 tax: $1,547 · $129/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ 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 3/10 Moderate 7 d/yr ≥96°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 1 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $13,597
• − Mortgage interest: −$3,081
• − Property taxes: −$1,547
• − Insurance: −$275
• − Repairs & maintenance: −$1,088
• − Management: −$1,088
• − Depreciation: −$1,600
• Taxable income: $4,918
• Est. tax owed @ 24.0%: −$1,180
• After-tax cash flow: $4,278/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.

Condition & rehab AI · 9 photos

Fair 45/100 Moderate rehab Est. rehab $21,600–$38,880 screening

This two-story home requires extensive repairs and renovations to bring it up to a fair condition. Repainting, landscaping, and flooring replacement would significantly increase its value.

Deferred maintenance Est. $40,000–$120,000 screening

• Major Roof (roof) — The roof appears to be in poor condition with visible damage and missing shingles.
• Major Windows (windows) — The windows appear to be old and possibly in need of replacement.
• Major Electrical (electrical) — The electrical panel appears to be outdated and may need to be replaced.
• Major Plumbing (plumbing) — The exterior of the house shows signs of water damage, indicating potential plumbing issues.

Repairs flagged

• Major Exposed subfloor in kitchen and bath — Structural damage
• Major Exposed subfloor in kitchen and bath — Structural damage
• Major Exposed subfloor in kitchen and bath — Structural damage
• Major Exposed subfloor in kitchen and bath — Structural damage
• Major Exposed subfloor in kitchen and bath — Structural damage
• Major Exposed subfloor in kitchen and bath — Structural damage
• Major Exposed subfloor in kitchen and bath — Structural damage
• Major Exposed subfloor in kitchen and bath — Structural damage

Value-add opportunities

• Both Painting and repainting — Improves curb appeal and interior aesthetics ↑
• Both Landscaping — Enhances curb appeal and property value ↑
• Both Flooring replacement — Improves functionality and aesthetics ↑
• Both Kitchen and bathroom renovations — Improves functionality and aesthetics ↑

ⓘ Rehab cost is a screening estimate — Moderate scope × the home's square footage at US $/sqft rules of thumb (the same model as the Flip Finder). Get contractor quotes + a written scope before underwriting.

F Composite school gradezoned avg 20/100

Zoned Schools

Elementary Lewton School High Jw Sexton High School F MI #611/713 Nat'l #14,291/17,239

Schools (NCES district)

• District: Lansing Public School District
• NCES district ID: 2621150
• Math proficiency: 14% ▲ 1.00%
• Reading proficiency: 23% ▲ 3.00%
• Median HH income: $37,453
• Composite: 18.76/100
• National rank: #14002
• State rank: #650 of 760 in MI

B Composite livability gradescore 79/100

Livability — Lansing

• Score: 79/100
• State rank: #94
• US rank: #2182

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Lansing, MI
• County: Ingham County · 300,362 people
• City population: 161,269
• Metro: Lansing-East Lansing, MI
• Population (ZIP): 32,800
• Household income: $54,712
• Rent vs Own: 41.6% rent · 58.4% own
• Severe rent burden: 10% of renters

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Population outlook (Ingham County) Hauer SSP2

• Today (2025): 300,362 people
• By 2030: 307,808 · +2.5%
• By 2040: 320,492 · +6.7%
• By 2050: 333,223 · +10.9%
• By 2075: 373,693 · +24.4%
• By 2100: 392,021 · +30.5%

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Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.62)
• Race & ethnicity: White 58% Black 16% Hispanic / Latino 12% Two or more races 12% Asian 4% Native American 1%
• Hispanic origin (detail): Mexican 9% Cuban 2%
• Common ancestry: Romanian 5% Lithuanian 3% Slovak 2%
• Foreign-born: 9% · Canada, China, Vietnam
• Languages at home: 87% English-only · Spanish 6% Chinese 1% Other Indo-European 1%

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Political lean MEDSL · Ingham

• 2024 margin: Strong D (+29.7) · D 63.9% · R 34.2% · Other 2.0%
• 2008→2024 swing: -3.6pp toward R · 2008: 33.3pp · 2024: 29.7pp
• All cycles: 2024: D+29.7 2020: D+32.2 2016: D+27.6 2012: D+27.9 2008: D+33.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -211.82%
• Current HPI: 196.8087
• Rent YoY: ▲ 4.71%
• Metro: Lansing-East Lansing, MI
• State GDP YoY: ▲ 1.37%
• F500 in state: 28

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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

Property features AI

Finance

• Other: Zoning listedLot dimensions roughly 28 x 50 (about 0.03 acres)

Exterior

• Parking: Driveway
• Utilities: Public waterPublic sewer
• Home design: Single-family residence used as an investmentTwo levelsFront door entryApproximately 1,296 total area (864 above grade)
• Construction: Block foundationBlock basement
• Exterior features: Shingle roofPaved road accessCity lot

Interior

• Kitchen: No appliances listed
• Bedrooms: Six total rooms (includes bedrooms and living spaces)
• Flooring: VinylWood
• Bathrooms: One full bathroom
• Heating & cooling: Gravity heatingNo cooling
• Interior features: Vinyl and wood flooringBlock basement
• Laundry & utility: Laundry located in the basement

Price history

-21.3% since first listed

10 events — show timeline

• 2026-07-08 Relisted — REALCOMP
• 2026-07-08 Relisted — Greater Lansing AoR
• 2026-06-30 Pending — Greater Lansing AoR
• 2026-06-30 Listing Removed — Greater Lansing AoR
• 2026-06-16 Pending — REALCOMP
• 2026-06-16 Pending — Greater Lansing AoR
• 2026-06-12 Listed $55,000 Greater Lansing AoR
• 2026-06-12 Listed $55,000 REALCOMP
• 2026-06-03 Listing Removed — REALCOMP
• 2025-10-15 Listed $69,900 REALCOMP

Property tax history

+3.3%/yr

Latest (2025): $1,547 · +2.9% YoY. Source: county tax records.