3404 N Larch St · Lansing, MI 48906

$139,900

3 bd · 1.0 ba · 937 sqft · SingleFamily public records · 29 Days on market

Built 1946 0.27 ac lot Est $146k · at est.

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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 +13.6/30.0
• ARV discount +9.4/15.0
• 1% rule +5.0/10.0
• Rent growth +5.0/5.0
• DSCR +4.1/10.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Schools +1.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Back on the market because the previous buyer got cold feet prior to the inspection. .. which is fantastic news for you because this property really is hot, hot, hot! And now you have a second chance to make it your own. This opportunity won't last long. Schedule your showing today! This beautifully updated 3-bedroom home on Lansing's north side is completely move-in ready and designed for easy, main-floor living. The open floor plan creates a welcoming feel, centered around a brand-new kitchen featuring stylish cabinetry, updated countertops, and stainless steel appliances. A spacious peninsula extends into the living area, offering the perfect spot for barstool seating and casual dining. Freshly painted throughout, the home showcases new vinyl flooring across much of the interior, giving it a clean, modern look. All three main-level bedrooms offer generous closet space, providing comfort and functionality. Additional highlights include a full bathroom, convenient washer and dryer hookups near the entry, vinyl windows throughout, updated lighting fixtures, and central air for year-round comfort. Situated on a massive corner lot, the property also features a large shed and a two-car garage???plenty of space for storage, hobbies, or outdoor enjoyment. Homes like this don't come along often???schedule your showing today!

Key facts

• Open floor plan
• Vinyl flooring
• Brand new kitchen

Tags

• OPEN FLOOR PLAN
• BRAND NEW KITCHEN
• SPACIOUS PENINSULA
• VINYL FLOORING
• GENEROUS CLOSET SPACE
• FULL BATHROOM

Property features AI

Exterior

• Parking: Detached garage
• Utilities: Public sewer
• Home design: One-story home; Built in 1946
• Construction: Vinyl siding
• Exterior features: Lot approximately 0.27 acre (60.43 x 191.6)

Interior

• Kitchen: Kitchen with dishwasher, range, and refrigerator
• Bedrooms: 3 bedrooms (Primary bedroom plus two additional bedrooms)
• Bathrooms: 1 full bathroom
• Heating & cooling: Central air conditioning; Forced air heating
• Interior features: Partial basement; Dishwasher, Range, Refrigerator
• Laundry & utility: Laundry on main level

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $140k.

Deal economics

• At list price, monthly cash flow is $8 ($94/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $140k).
• Recommended offer: $138k (1.5% below list) — sets the bar for market timing.

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 (+10.5%/yr); 140 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals lingering (median 46d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 67% 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 $967 of loan paydown is wiped out by about $4k 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

• It's been on market 29 days — a 2% lower offer ($138k) is reasonable based on typical stale-listing flexibility.
• 8 sale attempts since 17y 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.

Risks & watch-outs

• Watch-outs: property tax is 2.6% of price; built in 1946 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $137,801 (1.5% below list)

Questions for the listing agent

1. Built in 1946 — 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: 1.00% ✓
• Cap rate: 6.36%
• Cash-on-cash: 0.24%
• DSCR: 1.01
• GRM: 8.3

CMA / ARV

• ARV (on-the-fly): $146,172
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3404 N Larch St	0.00mi	3/1.0	937 (0%)	1mo	$146,000	$156	99
3003 Creston Ave	0.51mi	3/1.0	960 (+2%)	0mo	$180,000	$188	72
135 W Howe Ave	0.57mi	3/1.0	960 (+2%)	4mo	$81,500	$85	66
717 E Bates St	0.41mi	2/1.5 (-1)	912 (-3%)	7mo	$160,000	$175	64
502 Carrier St	0.75mi	2/1.0 (-1)	935 (-0%)	0mo	$168,000	$180	59
2610 Gary Ave	0.60mi	3/2.0	998 (+6%)	1mo	$160,000	$160	56
61 Beejay Dr	0.56mi	2/2.0 (-1)	896 (-4%)	2mo	$31,000	$35	56
806 Bates St	0.46mi	3/1.0	857 (-8%)	11mo	$106,000	$124	55
816 E Harris St	0.52mi	4/1.0 (+1)	1,028 (+10%)	2mo	$55,850	$54	53
3126 Creston Ave	0.43mi	2/1.0 (-1)	1,032 (+10%)	8mo	$140,000	$136	52
834 E Gier St	0.69mi	3/2.0	1,020 (+9%)	10mo	$139,500	$137	41
507 Hylewood Ave	0.74mi	2/1.0 (-1)	832 (-11%)	8mo	$150,000	$180	34

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -9.7%
• Equity multiple: 0.63×
• Total profit: $-14,652
• Equity at exit: $20,860

10-year hold

• IRR: 6.1%
• Equity multiple: 1.56×
• Total profit: $22,059
• Equity at exit: $12,096

Cash invested: $39,172 (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 48906

• Rents YoY: 10.5%
• Active inventory: 140
• Price-to-rent: 8.3×

Monthly cashflow live

• Estimated rent: $1,403 medium
• Mortgage (P&I): −$734
• Tax from tax record: −$309 /mo · $3,707/yr
• Insurance: −$58
• HOA: −$0
• Vacancy / Maint / Mgmt: −$295
• Net cashflow: $8

Break-even live

Break-even rent $1,393

Max offer price $139,900

Occupancy floor 94%

Sensitivity live

Price	-10% $87	-5% $47	+0% $8	+5% $-32	+10% $-71
Rent	-10% $-103	-5% $-48	+0% $8	+5% $63	+10% $119
Rate	-1.0pp $78	-0.5pp $43	base $8	+0.5pp $-28	+1.0pp $-65

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: $34,975
• Closing costs: $4,197
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1715 Peppertree Ln Lansing, MI	2.0–3.0	1.5	1120	$1,595	$1.42	45d	2	1.17mi
117 E North St Unit A Lansing, MI	2.0	1.0	812	$1,050	$1.29	15d	1	1.19mi
1561 Massachusetts Ave Lansing, MI	3.0	2.0	1100	$1,400	$1.27	45d	1	1.20mi

Listing history 21 events

1. 2026-05-21
   status Pending 1340-char remark

   Show marketing remark (1340 chars)

   Back on the market because the previous buyer got cold feet prior to the inspection. .. which is fantastic news for you because this property really is hot, hot, hot! And now you have a second chance to make it your own. This opportunity won't last long. Schedule your showing today! This beautifully updated 3-bedroom home on Lansing's north side is completely move-in ready and designed for easy, main-floor living. The open floor plan creates a welcoming feel, centered around a brand-new kitchen featuring stylish cabinetry, updated countertops, and stainless steel appliances. A spacious peninsula extends into the living area, offering the perfect spot for barstool seating and casual dining. Freshly painted throughout, the home showcases new vinyl flooring across much of the interior, giving it a clean, modern look. All three main-level bedrooms offer generous closet space, providing comfort and functionality. Additional highlights include a full bathroom, convenient washer and dryer hookups near the entry, vinyl windows throughout, updated lighting fixtures, and central air for year-round comfort. Situated on a massive corner lot, the property also features a large shed and a two-car garage???plenty of space for storage, hobbies, or outdoor enjoyment. Homes like this don't come along often???schedule your showing today!

2. 2026-05-21
   status Pending

   Show marketing remark (1340 chars)

   Back on the market because the previous buyer got cold feet prior to the inspection. .. which is fantastic news for you because this property really is hot, hot, hot! And now you have a second chance to make it your own. This opportunity won't last long. Schedule your showing today! This beautifully updated 3-bedroom home on Lansing's north side is completely move-in ready and designed for easy, main-floor living. The open floor plan creates a welcoming feel, centered around a brand-new kitchen featuring stylish cabinetry, updated countertops, and stainless steel appliances. A spacious peninsula extends into the living area, offering the perfect spot for barstool seating and casual dining. Freshly painted throughout, the home showcases new vinyl flooring across much of the interior, giving it a clean, modern look. All three main-level bedrooms offer generous closet space, providing comfort and functionality. Additional highlights include a full bathroom, convenient washer and dryer hookups near the entry, vinyl windows throughout, updated lighting fixtures, and central air for year-round comfort. Situated on a massive corner lot, the property also features a large shed and a two-car garage???plenty of space for storage, hobbies, or outdoor enjoyment. Homes like this don't come along often???schedule your showing today!

3. 2026-05-14
   status Active Under Contract 1340-char remark

   Show marketing remark (1340 chars)

   Back on the market because the previous buyer got cold feet prior to the inspection. .. which is fantastic news for you because this property really is hot, hot, hot! And now you have a second chance to make it your own. This opportunity won't last long. Schedule your showing today! This beautifully updated 3-bedroom home on Lansing's north side is completely move-in ready and designed for easy, main-floor living. The open floor plan creates a welcoming feel, centered around a brand-new kitchen featuring stylish cabinetry, updated countertops, and stainless steel appliances. A spacious peninsula extends into the living area, offering the perfect spot for barstool seating and casual dining. Freshly painted throughout, the home showcases new vinyl flooring across much of the interior, giving it a clean, modern look. All three main-level bedrooms offer generous closet space, providing comfort and functionality. Additional highlights include a full bathroom, convenient washer and dryer hookups near the entry, vinyl windows throughout, updated lighting fixtures, and central air for year-round comfort. Situated on a massive corner lot, the property also features a large shed and a two-car garage???plenty of space for storage, hobbies, or outdoor enjoyment. Homes like this don't come along often???schedule your showing today!

4. 2026-05-13
   historical 1340-char remark

   Show marketing remark (1340 chars)

   Back on the market because the previous buyer got cold feet prior to the inspection. .. which is fantastic news for you because this property really is hot, hot, hot! And now you have a second chance to make it your own. This opportunity won't last long. Schedule your showing today! This beautifully updated 3-bedroom home on Lansing's north side is completely move-in ready and designed for easy, main-floor living. The open floor plan creates a welcoming feel, centered around a brand-new kitchen featuring stylish cabinetry, updated countertops, and stainless steel appliances. A spacious peninsula extends into the living area, offering the perfect spot for barstool seating and casual dining. Freshly painted throughout, the home showcases new vinyl flooring across much of the interior, giving it a clean, modern look. All three main-level bedrooms offer generous closet space, providing comfort and functionality. Additional highlights include a full bathroom, convenient washer and dryer hookups near the entry, vinyl windows throughout, updated lighting fixtures, and central air for year-round comfort. Situated on a massive corner lot, the property also features a large shed and a two-car garage???plenty of space for storage, hobbies, or outdoor enjoyment. Homes like this don't come along often???schedule your showing today!

5. 2026-04-28
   historical Active Under Contract 1340-char remark

   Show marketing remark (1340 chars)

   Back on the market because the previous buyer got cold feet prior to the inspection. .. which is fantastic news for you because this property really is hot, hot, hot! And now you have a second chance to make it your own. This opportunity won't last long. Schedule your showing today! This beautifully updated 3-bedroom home on Lansing's north side is completely move-in ready and designed for easy, main-floor living. The open floor plan creates a welcoming feel, centered around a brand-new kitchen featuring stylish cabinetry, updated countertops, and stainless steel appliances. A spacious peninsula extends into the living area, offering the perfect spot for barstool seating and casual dining. Freshly painted throughout, the home showcases new vinyl flooring across much of the interior, giving it a clean, modern look. All three main-level bedrooms offer generous closet space, providing comfort and functionality. Additional highlights include a full bathroom, convenient washer and dryer hookups near the entry, vinyl windows throughout, updated lighting fixtures, and central air for year-round comfort. Situated on a massive corner lot, the property also features a large shed and a two-car garage???plenty of space for storage, hobbies, or outdoor enjoyment. Homes like this don't come along often???schedule your showing today!

6. 2026-04-27
   historical Active Under Contract

   Show marketing remark (1340 chars)

   Back on the market because the previous buyer got cold feet prior to the inspection. .. which is fantastic news for you because this property really is hot, hot, hot! And now you have a second chance to make it your own. This opportunity won't last long. Schedule your showing today! This beautifully updated 3-bedroom home on Lansing's north side is completely move-in ready and designed for easy, main-floor living. The open floor plan creates a welcoming feel, centered around a brand-new kitchen featuring stylish cabinetry, updated countertops, and stainless steel appliances. A spacious peninsula extends into the living area, offering the perfect spot for barstool seating and casual dining. Freshly painted throughout, the home showcases new vinyl flooring across much of the interior, giving it a clean, modern look. All three main-level bedrooms offer generous closet space, providing comfort and functionality. Additional highlights include a full bathroom, convenient washer and dryer hookups near the entry, vinyl windows throughout, updated lighting fixtures, and central air for year-round comfort. Situated on a massive corner lot, the property also features a large shed and a two-car garage???plenty of space for storage, hobbies, or outdoor enjoyment. Homes like this don't come along often???schedule your showing today!

7. 2026-04-27
   status Active 1340-char remark

   Show marketing remark (1340 chars)

   Back on the market because the previous buyer got cold feet prior to the inspection. .. which is fantastic news for you because this property really is hot, hot, hot! And now you have a second chance to make it your own. This opportunity won't last long. Schedule your showing today! This beautifully updated 3-bedroom home on Lansing's north side is completely move-in ready and designed for easy, main-floor living. The open floor plan creates a welcoming feel, centered around a brand-new kitchen featuring stylish cabinetry, updated countertops, and stainless steel appliances. A spacious peninsula extends into the living area, offering the perfect spot for barstool seating and casual dining. Freshly painted throughout, the home showcases new vinyl flooring across much of the interior, giving it a clean, modern look. All three main-level bedrooms offer generous closet space, providing comfort and functionality. Additional highlights include a full bathroom, convenient washer and dryer hookups near the entry, vinyl windows throughout, updated lighting fixtures, and central air for year-round comfort. Situated on a massive corner lot, the property also features a large shed and a two-car garage???plenty of space for storage, hobbies, or outdoor enjoyment. Homes like this don't come along often???schedule your showing today!

8. 2026-04-27
   status Active

   Show marketing remark (1340 chars)

   Back on the market because the previous buyer got cold feet prior to the inspection. .. which is fantastic news for you because this property really is hot, hot, hot! And now you have a second chance to make it your own. This opportunity won't last long. Schedule your showing today! This beautifully updated 3-bedroom home on Lansing's north side is completely move-in ready and designed for easy, main-floor living. The open floor plan creates a welcoming feel, centered around a brand-new kitchen featuring stylish cabinetry, updated countertops, and stainless steel appliances. A spacious peninsula extends into the living area, offering the perfect spot for barstool seating and casual dining. Freshly painted throughout, the home showcases new vinyl flooring across much of the interior, giving it a clean, modern look. All three main-level bedrooms offer generous closet space, providing comfort and functionality. Additional highlights include a full bathroom, convenient washer and dryer hookups near the entry, vinyl windows throughout, updated lighting fixtures, and central air for year-round comfort. Situated on a massive corner lot, the property also features a large shed and a two-car garage???plenty of space for storage, hobbies, or outdoor enjoyment. Homes like this don't come along often???schedule your showing today!

9. 2026-04-26
   historical Active Under Contract 1340-char remark

   Show marketing remark (1340 chars)

   Back on the market because the previous buyer got cold feet prior to the inspection. .. which is fantastic news for you because this property really is hot, hot, hot! And now you have a second chance to make it your own. This opportunity won't last long. Schedule your showing today! This beautifully updated 3-bedroom home on Lansing's north side is completely move-in ready and designed for easy, main-floor living. The open floor plan creates a welcoming feel, centered around a brand-new kitchen featuring stylish cabinetry, updated countertops, and stainless steel appliances. A spacious peninsula extends into the living area, offering the perfect spot for barstool seating and casual dining. Freshly painted throughout, the home showcases new vinyl flooring across much of the interior, giving it a clean, modern look. All three main-level bedrooms offer generous closet space, providing comfort and functionality. Additional highlights include a full bathroom, convenient washer and dryer hookups near the entry, vinyl windows throughout, updated lighting fixtures, and central air for year-round comfort. Situated on a massive corner lot, the property also features a large shed and a two-car garage???plenty of space for storage, hobbies, or outdoor enjoyment. Homes like this don't come along often???schedule your showing today!

10. 2026-04-26
    historical Active Under Contract

    Show marketing remark (1340 chars)

    Back on the market because the previous buyer got cold feet prior to the inspection. .. which is fantastic news for you because this property really is hot, hot, hot! And now you have a second chance to make it your own. This opportunity won't last long. Schedule your showing today! This beautifully updated 3-bedroom home on Lansing's north side is completely move-in ready and designed for easy, main-floor living. The open floor plan creates a welcoming feel, centered around a brand-new kitchen featuring stylish cabinetry, updated countertops, and stainless steel appliances. A spacious peninsula extends into the living area, offering the perfect spot for barstool seating and casual dining. Freshly painted throughout, the home showcases new vinyl flooring across much of the interior, giving it a clean, modern look. All three main-level bedrooms offer generous closet space, providing comfort and functionality. Additional highlights include a full bathroom, convenient washer and dryer hookups near the entry, vinyl windows throughout, updated lighting fixtures, and central air for year-round comfort. Situated on a massive corner lot, the property also features a large shed and a two-car garage???plenty of space for storage, hobbies, or outdoor enjoyment. Homes like this don't come along often???schedule your showing today!

11. 2026-04-22
    listed $139,900 Active 1340-char remark

    Show marketing remark (1340 chars)

    Back on the market because the previous buyer got cold feet prior to the inspection. .. which is fantastic news for you because this property really is hot, hot, hot! And now you have a second chance to make it your own. This opportunity won't last long. Schedule your showing today! This beautifully updated 3-bedroom home on Lansing's north side is completely move-in ready and designed for easy, main-floor living. The open floor plan creates a welcoming feel, centered around a brand-new kitchen featuring stylish cabinetry, updated countertops, and stainless steel appliances. A spacious peninsula extends into the living area, offering the perfect spot for barstool seating and casual dining. Freshly painted throughout, the home showcases new vinyl flooring across much of the interior, giving it a clean, modern look. All three main-level bedrooms offer generous closet space, providing comfort and functionality. Additional highlights include a full bathroom, convenient washer and dryer hookups near the entry, vinyl windows throughout, updated lighting fixtures, and central air for year-round comfort. Situated on a massive corner lot, the property also features a large shed and a two-car garage???plenty of space for storage, hobbies, or outdoor enjoyment. Homes like this don't come along often???schedule your showing today!

12. 2026-04-22
    listed $139,900 Active

    Show marketing remark (1340 chars)

    Back on the market because the previous buyer got cold feet prior to the inspection. .. which is fantastic news for you because this property really is hot, hot, hot! And now you have a second chance to make it your own. This opportunity won't last long. Schedule your showing today! This beautifully updated 3-bedroom home on Lansing's north side is completely move-in ready and designed for easy, main-floor living. The open floor plan creates a welcoming feel, centered around a brand-new kitchen featuring stylish cabinetry, updated countertops, and stainless steel appliances. A spacious peninsula extends into the living area, offering the perfect spot for barstool seating and casual dining. Freshly painted throughout, the home showcases new vinyl flooring across much of the interior, giving it a clean, modern look. All three main-level bedrooms offer generous closet space, providing comfort and functionality. Additional highlights include a full bathroom, convenient washer and dryer hookups near the entry, vinyl windows throughout, updated lighting fixtures, and central air for year-round comfort. Situated on a massive corner lot, the property also features a large shed and a two-car garage???plenty of space for storage, hobbies, or outdoor enjoyment. Homes like this don't come along often???schedule your showing today!

13. 2022-05-11
    soldstatus $200,000
14. 2022-05-04
    soldstatus $63,000 Closed 628-char remark

    Show marketing remark (628 chars)

    Property is a licensed rental until 1/21/23. The current tenant has lived at the property over four years and is month to month at $600. Market rent is $975-$1,050. Roof was replaced in 2015, furnace was replaced in 2014, and water heater was replaced in 2010. This property is a part of a 15 door portfolio (13 single family & 1 duplex). Total bundled price is $929,530 for $9,925 monthly income. Most of these properties are underrented and the total market rent is $13,945. Properties can be sold individually. Please contact the listing agent for a PDF of all mechanical, rental information, and videos of each property.

15. 2022-05-04
    soldstatus $63,000

    Show marketing remark (628 chars)

    Property is a licensed rental until 1/21/23. The current tenant has lived at the property over four years and is month to month at $600. Market rent is $975-$1,050. Roof was replaced in 2015, furnace was replaced in 2014, and water heater was replaced in 2010. This property is a part of a 15 door portfolio (13 single family & 1 duplex). Total bundled price is $929,530 for $9,925 monthly income. Most of these properties are underrented and the total market rent is $13,945. Properties can be sold individually. Please contact the listing agent for a PDF of all mechanical, rental information, and videos of each property.

16. 2022-03-02
    price $63,000 628-char remark

    Show marketing remark (628 chars)

    Property is a licensed rental until 1/21/23. The current tenant has lived at the property over four years and is month to month at $600. Market rent is $975-$1,050. Roof was replaced in 2015, furnace was replaced in 2014, and water heater was replaced in 2010. This property is a part of a 15 door portfolio (13 single family & 1 duplex). Total bundled price is $929,530 for $9,925 monthly income. Most of these properties are underrented and the total market rent is $13,945. Properties can be sold individually. Please contact the listing agent for a PDF of all mechanical, rental information, and videos of each property.

17. 2022-02-24
    listed $59,900 Active 628-char remark

    Show marketing remark (628 chars)

    Property is a licensed rental until 1/21/23. The current tenant has lived at the property over four years and is month to month at $600. Market rent is $975-$1,050. Roof was replaced in 2015, furnace was replaced in 2014, and water heater was replaced in 2010. This property is a part of a 15 door portfolio (13 single family & 1 duplex). Total bundled price is $929,530 for $9,925 monthly income. Most of these properties are underrented and the total market rent is $13,945. Properties can be sold individually. Please contact the listing agent for a PDF of all mechanical, rental information, and videos of each property.

18. 2022-02-24
    listed $63,000

    Show marketing remark (628 chars)

    Property is a licensed rental until 1/21/23. The current tenant has lived at the property over four years and is month to month at $600. Market rent is $975-$1,050. Roof was replaced in 2015, furnace was replaced in 2014, and water heater was replaced in 2010. This property is a part of a 15 door portfolio (13 single family & 1 duplex). Total bundled price is $929,530 for $9,925 monthly income. Most of these properties are underrented and the total market rent is $13,945. Properties can be sold individually. Please contact the listing agent for a PDF of all mechanical, rental information, and videos of each property.

19. 2009-11-05
    soldstatus $11,000
20. 2009-09-10
    listed $12,900
21. 1999-06-28
    soldstatus $46,000

ⓘ 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: $3,707 · $309/mo
• Projected year-2 tax: $3,707 · $309/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 3/10 Moderate
• 🌡 Heat 2/10 Low 7 d/yr ≥97°F today · 15 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: $16,840
• − Mortgage interest: −$7,837
• − Property taxes: −$3,707
• − Insurance: −$700
• − Repairs & maintenance: −$1,347
• − Management: −$1,347
• − Depreciation: −$4,070
• Taxable loss: −$2,167
• Est. tax savings @ 24.0%: +$520
• After-tax cash flow: $614/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): 25,901
• Household income: $64,315
• Rent vs Own: 30.7% rent · 69.3% own
• Severe rent burden: 851.0

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 0.56)
• Race & ethnicity: White 64% Black 15% Two or more races 12% Hispanic / Latino 12% Asian 2%
• Hispanic origin (detail): Mexican 9%
• Common ancestry: Romanian 3% Lithuanian 2% Iranian 2%
• Foreign-born: 6% · Canada, China
• Languages at home: 88% English-only · Spanish 5% Other Asian/Pacific 1% French/Haitian/Cajun 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: ▼ -135.54%
• Current HPI: 228.7023
• Rent YoY: ▲ 10.50%
• 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

+204.1% since first listed

21 events — show timeline

• 2026-05-21 Pending — REALCOMP
• 2026-05-21 Pending — Greater Lansing AoR
• 2026-05-14 Relisted — REALCOMP
• 2026-05-13 Listing Removed — REALCOMP
• 2026-04-28 Contingent — REALCOMP
• 2026-04-27 Contingent — Greater Lansing AoR
• 2026-04-27 Relisted — REALCOMP
• 2026-04-27 Relisted — Greater Lansing AoR
• 2026-04-26 Contingent — REALCOMP
• 2026-04-26 Contingent — Greater Lansing AoR
• 2026-04-22 Listed $139,900 Greater Lansing AoR
• 2026-04-22 Listed $139,900 REALCOMP
• 2022-05-11 Sold (Public Records) $200,000 Public Records
• 2022-05-04 Sold (MLS) $63,000 REALCOMP
• 2022-05-04 Sold (MLS) $63,000 Greater Lansing AoR
• 2022-03-02 Price Changed $63,000 Greater Lansing AoR
• 2022-02-24 Listed $63,000 REALCOMP
• 2022-02-24 Listed $59,900 Greater Lansing AoR
• 2009-11-05 Sold (MLS) $11,000 Greater Lansing AoR
• 2009-09-10 Listed $12,900 Greater Lansing AoR
• 1999-06-28 Sold (Public Records) $46,000 Public Records

Property tax history

+7.0%/yr

Latest (2025): $3,707 · +3.0% YoY. Source: county tax records.