1335 N Martin Luther King Junior Blvd · Lansing, MI 48915

$79,900

2 bd · 1.0 ba · 671 sqft · SingleFamily public records · 49 Days on market

Built 1922 4,748 sqft lot $119/sqft · 27% above area Est $66k · 22% 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 +22.7/30.0
• DSCR +7.3/10.0
• 1% rule +6.8/10.0
• 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 home to 1335 N. Martin Luther King Blvd! This adorable Ranch home features two bedrooms with new carpet, a large living room, a nice sized kitchen, a full dry basement, a large partially fenced yard, and large front and rear covered porches! Many updates throughout including paint, flooring, and more! Immediate occupancy available so why rent when you can own for less money each month! This won't last long so schedule your private showing today!

Key facts

• Ranch home
• Covered porches
• Large living room

Tags

• RANCH HOME
• LARGE LIVING ROOM
• FULL DRY BASEMENT
• PARTIALLY FENCED YARD
• COVERED PORCHES

Property features AI

Finance

• Financial info: Current use listed as investment

Exterior

• Parking: Driveway
• Utilities: 100 amp electric service; Public sewer; High-speed internet available; Cable available
• Home design: One-story property; Built in 1922; Updated/remodeled condition; City street frontage
• Construction: Vinyl siding; Shingle roof; Block foundation; Full block basement with sump pump
• Exterior features: Covered front porch; Covered rear porch; Rain gutters; Partial backyard fencing; Back yard and front yard; Rectangular lot; Curbs, sidewalks and street lights in the community; Double pane windows with screens

Interior

• Kitchen: Disposal; Microwave; Oven; Range; Refrigerator
• Bedrooms: 2 bedrooms (primary bedroom described as nice-sized; second bedroom described as roomy)
• Flooring: Carpet; Combination flooring; Laminate
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating; Window unit(s) for cooling
• Interior features: Laminate counters; Pantry; Storage
• Laundry & utility: Laundry located on lower level

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $80k.

Deal economics

• At list price, monthly cash flow is $82 ($978/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($946 rent vs $80k).
• Recommended offer: $78k (3.0% below list) — sets the bar for market timing.
• Cap rate 8.4% vs local median 6.0% 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, schools F, 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.
• Market conditions: 68 active listings in the ZIP; 20 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 85% 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 $552 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.

Negotiation context

• It's been on market 49 days — a 3% lower offer ($78k) is reasonable based on typical stale-listing flexibility.
• 7 sale attempts since 16y ago; this cycle's ask has dropped $10k (11%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $17k; list at $80k implies a 373% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: flood insurance adds $56/mo; built in 1922 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $77,503 (3.0% below list)

Questions for the listing agent

1. It's been on market 49 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Built in 1922 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What's the actual annual flood-insurance premium (NFIP or private), and is the property in a SFHA with mandatory coverage?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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?
7. 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?
8. 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.
9. 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.
10. 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: 1.18% ✓
• Cap rate: 8.35%
• Cash-on-cash: 7.35%
• DSCR: 1.33
• GRM: 7.0

CMA / ARV

• ARV (median comp): $65,590
• List price: $79,900
• Delta: 21.82%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1348 N Jenison Ave	0.21mi	2/1.0	672 (+0%)	3mo	$68,900	$103	87
1616 Roseneath Ave	0.30mi	2/1.0	660 (-2%)	4mo	$73,000	$111	80
812 Cypress St	0.30mi	2/1.0	648 (-3%)	4mo	$96,000	$148	77
1544 Lansing Ave	0.27mi	3/1.0 (+1)	616 (-8%)	2mo	$78,950	$128	67
1430 N Martin Luther King Jr Blvd	0.12mi	3/1.0 (+1)	768 (+14%)	6mo	$62,000	$81	61
924 N Pine St	0.55mi	1/1.0 (-1)	656 (-2%)	8mo	$55,000	$84	59
1555 Roosevelt Ave	0.35mi	2/1.0	740 (+10%)	10mo	$92,100	$124	58
819 Cawood St	0.56mi	2/1.0	726 (+8%)	4mo	$55,000	$76	57
2014 Hyland St	0.63mi	2/1.0	744 (+11%)	0mo	$152,500	$205	52
751 Westmoreland Ave	0.51mi	2/1.0	757 (+13%)	6mo	$45,000	$59	50
906 Stanley St	0.68mi	2/1.0	728 (+8%)	9mo	$161,000	$221	47
925 Cleo St	0.56mi	2/1.0	750 (+12%)	10mo	$71,000	$95	46

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: -9.4%
• Equity multiple: 0.66×
• Total profit: $-7,671
• Equity at exit: $11,913

10-year hold

• IRR: 0.2%
• Equity multiple: 1.02×
• Total profit: $348
• Equity at exit: $6,908

Cash invested: $22,372 (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: 68
• Price-to-rent: 7.0×

Monthly cashflow live

• Estimated rent: $946 high
• Mortgage (P&I): −$419
• Tax from tax record: −$158 /mo · $1,900/yr
• Insurance: −$33
• Flood insurance flood zone: −$56 /mo · $666/yr
• HOA: −$0
• Vacancy / Maint / Mgmt: −$199
• Net cashflow: $82

Break-even live

Break-even rent $843

Max offer price $79,900

Occupancy floor 86%

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: $19,975
• Closing costs: $2,397
• Reserves months: —
• Total cash needed: —

Rent comps 20 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1443 Roselawn Ave Lansing, MI	2.0	1.0	656	$750	$1.14	43d	1	0.20mi
1010 N Pine St Unit B Lansing, MI	2.0	1.0	750	$1,100	$1.47	43d	1	0.50mi
1216 N Chestnut St Lansing, MI	1.0	1.0	562	$900	$1.60	13d	1	0.52mi
826 N Walnut St Lansing, MI	1.0	1.0	700	$700	$1.00	43d	2	0.71mi
917 Seymour Ave Unit 3 Lansing, MI	1.0	1.0	475	$800	$1.68	43d	1	0.71mi
504 W Lapeer St Apt A Lansing, MI	2.0	1.0	600	$895	$1.49	43d	1	0.77mi
1016 N Capitol Ave Unit 3 Lansing, MI	1.0	1.0	500	$800	$1.60	43d	1	0.78mi
1016 N Capitol Ave Unit 1 Lansing, MI	1.0	1.0	700	$850	$1.21	43d	1	0.78mi
316 W Saginaw St Unit 318 Lansing, MI	1.0	1.0	750	$950	$1.27	43d	1	0.81mi
1025 N Washington Ave Unit 9 Lansing, MI	1.0	1.0	670	$1,000	$1.49	43d	1	0.82mi
927 W Shiawassee St Unit 10 Lansing, MI	1.0	1.0	700	$845	$1.21	43d	1	0.83mi
801 N Capitol Ave Unit 1 Lansing, MI	1.0	1.0	550	$950	$1.73	43d	1	0.84mi
801 N Capitol Ave Unit 4 Lansing, MI	1.0	1.0	600	$1,000	$1.67	43d	1	0.84mi
220 W Lapeer St Unit 3 Lansing, MI	1.0	1.0	450	$850	$1.89	43d	1	0.91mi
427 Seymour Ave Unit 315 Lansing, MI	2.0	1.0	550	$1,300	$2.36	21d	1	0.97mi
427 Seymour Ave Unit 315 Lansing, MI	2.0	1.0	550	$1,300	$2.36	43d	1	0.97mi
427 Seymour Ave Unit 102 Lansing, MI	1.0	1.0	540	$850	$1.57	21d	1	0.97mi
427 Seymour Ave Unit 205 Lansing, MI	1.0	1.0	570	$1,100	$1.93	43d	1	0.97mi
307 N Walnut St Unit 307 Lansing, MI	1.0	1.0	550	$1,100	$2.00	43d	1	1.03mi
420 S Walnut St Lansing, MI	1.0	1.0	525	$875	$1.67	43d	1	1.46mi

Listing history 30 events

1. 2026-06-18
   days on market $79,900 Active 49 DOM
2. 2026-06-17
   days on market $79,900 Active 48 DOM
3. 2026-06-16
   days on market $79,900 Active 47 DOM
4. 2026-06-15
   days on market $79,900 Active 46 DOM
5. 2026-06-14
   days on market $79,900 Active 44 DOM
6. 2026-06-13
   days on market $79,900 Active 43 DOM
7. 2026-06-10
   days on market $79,900 Active 41 DOM
8. 2026-06-09
   days on market $79,900 Active 40 DOM
9. 2026-06-08
   days on market $79,900 Active 39 DOM
10. 2026-06-07
    days on market $79,900 Active 38 DOM
11. 2026-06-05
    days on market $79,900 Active 35 DOM
12. 2026-06-03
    days on market $79,900 Active 34 DOM
13. 2026-06-02
    days on market $79,900 Active 33 DOM
14. 2026-06-01
    days on market $79,900 Active 32 DOM
15. 2026-05-31
    days on market $79,900 Active 31 DOM
16. 2026-05-30
    days on market $79,900 Active 30 DOM
17. 2026-05-01
    listed $89,900 Active 457-char remark

    Show marketing remark (457 chars)

    Welcome home to 1335 N. Martin Luther King Blvd! This adorable Ranch home features two bedrooms with new carpet, a large living room, a nice sized kitchen, a full dry basement, a large partially fenced yard, and large front and rear covered porches! Many updates throughout including paint, flooring, and more! Immediate occupancy available so why rent when you can own for less money each month! This won't last long so schedule your private showing today!

18. 2026-05-01
    listed $89,900 Active 457-char remark

    Show marketing remark (457 chars)

    Welcome home to 1335 N. Martin Luther King Blvd! This adorable Ranch home features two bedrooms with new carpet, a large living room, a nice sized kitchen, a full dry basement, a large partially fenced yard, and large front and rear covered porches! Many updates throughout including paint, flooring, and more! Immediate occupancy available so why rent when you can own for less money each month! This won't last long so schedule your private showing today!

19. 2026-04-17
    historical
20. 2026-04-17
    historical
21. 2026-01-13
    price $89,900
22. 2026-01-13
    price $89,900
23. 2025-12-19
    listed $99,900 Active
24. 2025-12-19
    listed $99,900 Active
25. 2016-02-04
    soldstatus $16,900
26. 2015-11-23
    listed $19,500
27. 2011-09-22
    historical
28. 2011-06-20
    listed $44,900
29. 2010-06-15
    historical
30. 2010-03-22
    listed $49,900

ⓘ 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: $1,900 · $158/mo
• Projected year-2 tax: $1,900 · $158/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 7/10 Severe FEMA zone X (unshaded) · 77% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 3/10 Moderate 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: $11,357
• − Mortgage interest: −$4,476
• − Property taxes: −$1,900
• − Insurance: −$1,066
• − Repairs & maintenance: −$909
• − Management: −$909
• − Depreciation: −$2,324
• Taxable loss: −$226
• Est. tax savings @ 24.0%: +$54
• After-tax cash flow: $1,032/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

+60.1% since first listed

16 events — show timeline

• 2026-05-29 Price Changed $79,900 REALCOMP
• 2026-05-29 Price Changed $79,900 Greater Lansing AoR
• 2026-05-01 Listed $89,900 Greater Lansing AoR
• 2026-05-01 Listed $89,900 REALCOMP
• 2026-04-17 Listing Removed — REALCOMP
• 2026-04-17 Listing Removed — Greater Lansing AoR
• 2026-01-13 Price Changed $89,900 REALCOMP
• 2026-01-13 Price Changed $89,900 Greater Lansing AoR
• 2025-12-19 Listed $99,900 REALCOMP
• 2025-12-19 Listed $99,900 Greater Lansing AoR
• 2016-02-04 Sold (MLS) $16,900 Greater Lansing AoR
• 2015-11-23 Listed $19,500 Greater Lansing AoR
• 2011-09-22 Listing Removed — Greater Lansing AoR
• 2011-06-20 Listed $44,900 Greater Lansing AoR
• 2010-06-15 Listing Removed — Greater Lansing AoR
• 2010-03-22 Listed $49,900 Greater Lansing AoR

Property tax history

+5.8%/yr

Latest (2025): $1,900 · +2.9% YoY. Source: county tax records.