1426 Roseneath Ave · Lansing, MI 48915

$97,000

2 bd · 1.0 ba · 811 sqft · SingleFamily public records · 6 Days on market

Built 1927 4,356 sqft lot Est $79k · 23% over

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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).

• Cash flow +15.2/30.0
• 1% rule +5.7/10.0
• DSCR +4.7/10.0
• Livability +4.0/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +1.9/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 1426 Roseneath! This move-in ready ranch-style home is ready for its new owner. Featuring 2 bedrooms, 1 full bathroom, and an open floor plan from the kitchen to the living room, this home offers comfortable and convenient living. Additional features include a full basement, fully fenced backyard, 1.5-car detached garage, and the property remains fully furnished. There is even a doggy door on the back exterior of the home for your pet's convenience! This home is a great opportunity for first-time home buyers, buyers looking to downsize, students, or investors. The value cannot be beat -- schedule your tour today!

Key facts

• Open floor plan
• Doggy door
• Full basement

Tags

• OPEN FLOOR PLAN
• FULL BASEMENT
• FULLY FENCED BACKYARD
• DOGGY DOOR
• FULLY FURNISHED

Property features AI

Exterior

• Parking: Detached garage (approximately 1.5 car)
• Utilities: Public sewer; High-speed internet available, Cable available
• Home design: Ranch-style home; One level; Built in 1927; Front faces west
• Construction: Stone and aluminum siding exterior; Shingle roof
• Exterior features: Back yard with fencing

Interior

• Kitchen: Microwave, Oven, Refrigerator
• Bedrooms: 2 bedrooms (Primary bedroom, Bedroom 2)
• Flooring: Hardwood floors
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); No cooling
• Interior features: Full basement; Microwave, Oven, Refrigerator, Water Heater
• Laundry & utility: Laundry located on the lower level

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $97k.

Deal economics

• At list price, monthly cash flow is $34 ($408/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $97k).

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: 67 active listings in the ZIP; 29 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 66% 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 $671 of loan paydown is wiped out by about $3k 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.

Negotiation context

• Only 6 days on market — expect competitive offers; lowballing is unlikely to land.
• 7 sale attempts since 15y ago 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.
• Current owner paid $75k; 29% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: property tax is 2.9% of price; built in 1927 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $97,000

Questions for the listing agent

1. Built in 1927 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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?
7. 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.
8. 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.
9. 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: 1.07% ✓
• Cap rate: 6.71%
• Cash-on-cash: 1.50%
• DSCR: 1.07
• GRM: 7.8

CMA / ARV

• ARV (on-the-fly): $78,667
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1129 N Martin Luther King Jr Blvd	0.28mi	2/1.0	798 (-2%)	4mo	$52,500	$66	81
1706 N Martin Luther King Jr Blvd	0.24mi	3/1.0 (+1)	818 (+1%)	3mo	$129,900	$159	80
1522 Robertson Ave	0.15mi	3/1.0 (+1)	866 (+7%)	1mo	$45,000	$52	76
1112 W Willow St	0.20mi	3/1.0 (+1)	870 (+7%)	4mo	$96,000	$110	70
1004 Greenwood Ave	0.15mi	3/2.0 (+1)	878 (+8%)	3mo	$121,000	$138	67
1230 Glenn St	0.34mi	2/1.0	875 (+8%)	5mo	$43,000	$49	67
1441 Knollwood Ave	0.17mi	3/1.0 (+1)	910 (+12%)	2mo	$46,000	$51	65
1624 W Willow St	0.43mi	2/1.0	900 (+11%)	1mo	$87,000	$97	61
1016 Cleo St	0.61mi	3/1.0 (+1)	875 (+8%)	5mo	$100,150	$114	49
819 Cawood St	0.69mi	2/1.0	726 (-10%)	4mo	$55,000	$76	47
912 Cleo St	0.68mi	2/1.0	911 (+12%)	5mo	$150,000	$165	44
901 Clayton St	0.54mi	3/1.0 (+1)	925 (+14%)	4mo	$69,000	$75	43

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: -13.8%
• Equity multiple: 0.50×
• Total profit: $-13,464
• Equity at exit: $14,463

10-year hold

• IRR: -4.8%
• Equity multiple: 0.68×
• Total profit: $-8,582
• Equity at exit: $8,387

Cash invested: $27,160 (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 48915

• Active inventory: 67
• Price-to-rent: 7.8×

Monthly cashflow live

• Estimated rent: $1,038 high
• Mortgage (P&I): −$509
• Tax from tax record: −$237 /mo · $2,840/yr
• Insurance: −$40
• HOA: −$0
• Vacancy / Maint / Mgmt: −$218
• Net cashflow: $34

Break-even live

Break-even rent $995

Max offer price $97,000

Occupancy floor 92%

Sensitivity live

Price	-10% $89	-5% $61	+0% $34	+5% $7	+10% $-21
Rent	-10% $-48	-5% $-7	+0% $34	+5% $75	+10% $116
Rate	-1.0pp $83	-0.5pp $59	base $34	+0.5pp $9	+1.0pp $-17

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: $24,250
• Closing costs: $2,910
• Reserves months: —
• Total cash needed: —

Rent comps 29 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1443 Roselawn Ave Lansing, MI	2.0	1.0	656	$750	$1.14	45d	1	0.17mi
919 Princeton Ave Lansing, MI	3.0	1.5	1119	$1,475	$1.32	23d	1	0.47mi
1216 N Chestnut St Lansing, MI	1.0	1.0	562	$900	$1.60	15d	1	0.51mi
1010 N Pine St Unit B Lansing, MI	2.0	1.0	750	$1,100	$1.47	45d	1	0.54mi
731 N Sycamore St Unit 1 Lansing, MI	2.0	1.0	950	$945	$0.99	45d	1	0.68mi
712 N Sycamore St Lansing, MI	3.0	1.0	1100	$1,650	$1.50	23d	1	0.72mi
826 N Walnut St Lansing, MI	1.0	1.0	700	$700	$1.00	45d	2	0.76mi
117 E North St Unit A Lansing, MI	2.0	1.0	812	$1,050	$1.29	15d	1	0.78mi
1016 N Capitol Ave Unit 1 Lansing, MI	1.0	1.0	700	$850	$1.21	45d	1	0.79mi
610 N Sycamore St Unit 1 Lansing, MI	1.0	1.0	900	$875	$0.97	15d	1	0.79mi
1025 N Washington Ave Unit 9 Lansing, MI	1.0	1.0	670	$1,000	$1.49	45d	1	0.82mi
504 W Lapeer St Apt A Lansing, MI	2.0	1.0	600	$895	$1.49	45d	1	0.86mi
316 W Saginaw St Unit 318 Lansing, MI	1.0	1.0	750	$950	$1.27	45d	1	0.87mi
801 N Capitol Ave Unit 4 Lansing, MI	1.0	1.0	600	$1,000	$1.67	45d	1	0.89mi
801 N Capitol Ave Unit 1 Lansing, MI	1.0	1.0	550	$950	$1.73	45d	1	0.89mi
323 W Saginaw St Unit 1 Lansing, MI	1.0	1.0	1000	$1,000	$1.00	45d	1	0.89mi
410 W Lapeer St Unit 1 Lansing, MI	2.0	1.0	800	$1,050	$1.31	23d	1	0.89mi
524 N Walnut St Lansing, MI	2.0	1.0	1000	$1,150	$1.15	45d	1	0.95mi
927 W Shiawassee St Unit 10 Lansing, MI	1.0	1.0	700	$845	$1.21	45d	1	0.97mi
314 N Sycamore St Unit 1 Lansing, MI	1.0	1.0	800	$1,450	$1.81	45d	1	1.04mi
427 Seymour Ave Unit 315 Lansing, MI	2.0	1.0	550	$1,300	$2.36	23d	1	1.05mi
427 Seymour Ave Unit 315 Lansing, MI	2.0	1.0	550	$1,300	$2.36	45d	1	1.05mi
427 Seymour Ave Unit 205 Lansing, MI	1.0	1.0	570	$1,100	$1.93	45d	1	1.05mi
427 Seymour Ave Unit 102 Lansing, MI	1.0	1.0	540	$850	$1.57	23d	1	1.05mi
307 N Walnut St Unit 307 Lansing, MI	1.0	1.0	550	$1,100	$2.00	45d	1	1.13mi
832 N Larch St Apt 3 Lansing, MI	2.0	1.0	890	$1,095	$1.23	45d	1	1.27mi
620 May St Lansing, MI	1.0–2.0	1.0–2.0	1126	$1,578	$1.40	15d	12	1.35mi
1109 W Washtenaw St Unit 5 Lansing, MI	2.0	1.0	755	$795	$1.05	45d	1	1.37mi
400 N Catherine St Lansing, MI	3.0	1.0	760	$1,395	$1.84	15d	1	1.49mi

Listing history 7 events

1. 2026-06-05
   statusdays on market $97,000 Pending 6 DOM
2. 2026-06-03
   days on market $97,000 Active 5 DOM
3. 2026-06-02
   days on market $97,000 Active 4 DOM
4. 2026-06-01
   days on market $97,000 Active 3 DOM
5. 2026-05-31
   days on market $97,000 Active 2 DOM
6. 2026-05-30
   remarks 630-char remark
7. 2026-05-30
   listed $97,000 Active 1 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: $2,840 · $237/mo
• Projected year-2 tax: $2,840 · $237/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 4/10 Moderate FEMA zone X (unshaded) · 22% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥97°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: $12,452
• − Mortgage interest: −$5,434
• − Property taxes: −$2,840
• − Insurance: −$485
• − Repairs & maintenance: −$996
• − Management: −$996
• − Depreciation: −$2,822
• Taxable loss: −$1,120
• Est. tax savings @ 24.0%: +$269
• After-tax cash flow: $677/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: 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

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 · 237,052 people
• City population: 161,269
• Metro: Lansing-East Lansing, MI
• Population (ZIP): 9,428
• Household income: $54,465
• Rent vs Own: 35.3% rent · 64.7% own
• Severe rent burden: 307.0

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%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.64)
• Race & ethnicity: White 54% Black 24% Two or more races 13% Hispanic / Latino 13%
• Hispanic origin (detail): Mexican 10%
• Common ancestry: Romanian 7% Lithuanian 2% Iranian 2%
• Foreign-born: 5% · Canada, Philippines
• Languages at home: 90% English-only · Spanish 7% Other Asian/Pacific 1% German/W. Germanic 1%

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: ▼ -129.90%
• Current HPI: 177.0906
• Rent YoY: —
• Metro: Lansing-East Lansing, 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

+525.8% since first listed

15 events — show timeline

• 2026-05-29 Listed $97,000 Greater Lansing AoR
• 2026-05-29 Listed $97,000 REALCOMP
• 2022-09-08 Sold (Public Records) $75,000 Public Records
• 2022-08-24 Sold (MLS) $75,000 Greater Lansing AoR
• 2022-08-24 Sold (MLS) $75,000 REALCOMP
• 2022-08-19 Pending — Greater Lansing AoR
• 2022-07-14 Price Changed $80,000 Greater Lansing AoR
• 2022-06-07 Listed $85,000 Greater Lansing AoR
• 2022-06-07 Listed $80,000 REALCOMP
• 2021-07-31 Listing Removed — REALCOMP
• 2021-07-31 Listing Removed — Greater Lansing AoR
• 2021-05-10 Listed $59,239 REALCOMP
• 2021-05-10 Listed $59,239 Greater Lansing AoR
• 2011-04-26 Sold (MLS) $12,750 Greater Lansing AoR
• 2011-02-03 Listed $15,500 Greater Lansing AoR

Property tax history

+4.9%/yr

Latest (2025): $2,840 · +3.0% YoY. Source: county tax records.