3713 Lowcroft Ave · Lansing, MI 48910

$39,900

3 bd · 1.0 ba · 755 sqft · SingleFamily public records · 43 Days on market

Built 1940 5,663 sqft lot $53/sqft · 62% below area ↓ 33% 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
• 1% rule +10.0/10.0
• DSCR +10.0/10.0
• ARV discount +7.5/15.0
• Livability +4.0/5.0
• Rent growth +3.7/5.0
• Condition / age +2.5/5.0
• Schools +1.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Great investment opportunity on Lansing's desirable south side! Located near W Holmes Rd and Martin Luther King Jr Blvd, this 3-bedroom, 1-bath vinyl bungalow offers strong potential for investors, flippers, or buyers looking for their next renovation project. The home features a functional layout, Michigan basement for storage and utilities, and a backyard shed for additional storage space. While the property needs substantial updates and repairs, the location adds tremendous value - just minutes from Everett High School, shopping, dining, and major commuter routes. With the right vision and improvements, this property has excellent upside potential. Property is being sold as-is. Buyer to verify all information.

Key facts

• Shed for storage
• Near major roads
• Michigan basement

Tags

• MICHIGAN BASEMENT
• SHED FOR STORAGE
• NEAR MAJOR ROADS
• CONVENIENT ACCESS TO DOWNTOWN

Property features AI

Exterior

• Parking: Driveway; No garage
• Utilities: Public water; Public sewer
• Home design: Single-family residence; One-and-a-half story; Ground-level entry with steps; Vinyl siding construction
• Construction: Asphalt roof; Block foundation
• Exterior features: Awning(s); Enclosed porch; Porch; Back yard fencing (fenced); Paved road access; Shed(s)

Interior

• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); No central cooling
• Interior features: 6 total rooms; Unfinished basement

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $40k.

Deal economics

• At list price, monthly cash flow is $598 ($7k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($1k rent vs $40k).
• Recommended offer: $39k (3.0% below list) — sets the bar for market timing.
• Cap rate 24.3% 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: Rents rising fast (+4.7%/yr); 175 active listings in the ZIP; 30 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 53% 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 $276 of loan paydown is wiped out by about $1k 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 $11k cash investment doubles in ~2 years — after that, you're playing with house money.

Negotiation context

• It's been on market 43 days — a 3% lower offer ($39k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts; this cycle's ask has dropped $20k (33%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: property tax is 3.0% of price; built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: moderate flood risk — expect insurance premiums to compound above CPI over the hold.

Recommended offer $38,703 (3.0% below list)

Questions for the listing agent

1. It's been on market 43 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 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
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. 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: 2.93% ✓
• Cap rate: 24.29%
• Cash-on-cash: 64.27%
• DSCR: 3.86
• GRM: 2.8

CMA / ARV

• ARV (median comp): $105,415
• List price: $39,900
• Delta: -62.15%
• 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
3801 Schlee St	0.06mi	3/1.0	864 (+14%)	6mo	$93,700	$108	68
3540 Jewell Ave	0.55mi	3/1.0	791 (+5%)	0mo	$116,000	$147	66
1422 Warwick Dr	0.54mi	2/1.0 (-1)	740 (-2%)	2mo	$90,000	$122	65
200 Rita St	0.54mi	2/1.0 (-1)	787 (+4%)	0mo	$115,000	$146	63
3209 Stabler St	0.62mi	3/1.0	720 (-5%)	2mo	$89,000	$124	62
3115 Tenny St	0.58mi	2/1.0 (-1)	720 (-5%)	0mo	$130,000	$181	60
1321 Pompton Cir	0.47mi	2/1.0 (-1)	707 (-6%)	4mo	$89,000	$126	60
108 Dunlap St	0.71mi	2/1.0 (-1)	720 (-5%)	0mo	$79,000	$110	54
2901 Palmer St	0.63mi	3/1.0	864 (+14%)	4mo	$91,000	$105	43
5009 Kessler Dr	0.74mi	3/1.0	855 (+13%)	2mo	$129,000	$151	42
218 Dunlap St	0.67mi	2/1.0 (-1)	663 (-12%)	3mo	$62,000	$94	41
1415 Reo Rd	0.68mi	2/1.0 (-1)	867 (+15%)	6mo	$142,500	$164	33

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: 65.5%
• Equity multiple: 4.02×
• Total profit: $33,740
• Equity at exit: $5,949

10-year hold

• IRR: 70.4%
• Equity multiple: 8.82×
• Total profit: $87,340
• Equity at exit: $3,450

Cash invested: $11,172 (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 48910

• Rents YoY: 4.7%
• Active inventory: 175
• Price-to-rent: 2.8×

Monthly cashflow live

• Estimated rent: $1,169 high
• Mortgage (P&I): −$209
• Tax from tax record: −$99 /mo · $1,188/yr
• Insurance: −$17
• HOA: −$0
• Vacancy / Maint / Mgmt: −$245
• Net cashflow: $598

Break-even live

Break-even rent $411

Max offer price $39,900

Occupancy floor 44%

Sensitivity live

Price	-10% $621	-5% $610	+0% $598	+5% $587	+10% $576
Rent	-10% $506	-5% $552	+0% $598	+5% $645	+10% $691
Rate	-1.0pp $618	-0.5pp $609	base $598	+0.5pp $588	+1.0pp $578

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: $9,975
• Closing costs: $1,197
• Reserves months: —
• Total cash needed: —

Rent comps 30 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
911 W Cavanaugh Rd Lansing, MI	1.0–2.0	1.0	775	$1,000	$1.29	22d	1	0.29mi
1001 W Cavanaugh Rd Lansing, MI	1.0–2.0	1.0	775	$850	$1.10	15d	4	0.31mi
3518 Davidson Dr Lansing, MI	2.0	2.0	850	$1,115	$1.31	45d	3	0.43mi
3031 S Washington Ave Lansing, MI	1.0–2.0	1.0	725	$1,100	$1.52	45d	1	0.52mi
915 Loa St Lansing, MI	2.0	1.0	674	$999	$1.48	45d	1	0.54mi
430 Dunlap St Lansing, MI	2.0	1.0	940	$1,450	$1.54	22d	1	0.61mi
1115 Dorchester Cir Lansing, MI	2.0	1.0	850	$855	$1.01	15d	5	0.62mi
3515 Bergman Ave Lansing, MI	2.0	1.0	640	$1,195	$1.87	22d	1	0.65mi
2009 W Holmes Rd Unit 11 Lansing, MI	2.0	1.0	800	$925	$1.16	15d	1	0.89mi
3501 Simken Dr Lansing, MI	2.0	1.0	900	$950	$1.06	45d	1	0.93mi
401 E Willard Ave Unit 19 Lansing, MI	2.0	1.0	775	$1,000	$1.29	45d	1	0.94mi
2114 Ferrol St Unit 1 Lansing, MI	2.0	1.0	700	$950	$1.36	22d	1	0.98mi
3606 Pleasant Grove Rd Lansing, MI	1.0–2.0	1.0	812	$1,100	$1.35	45d	1	1.08mi
3334 Pleasant Grove Rd Unit 19 Lansing, MI	2.0	1.0	700	$999	$1.43	15d	1	1.10mi
4318 Pleasant Grove Rd Lansing, MI	1.0–3.0	1.0–2.0	722	$1,350	$1.87	14d	1	1.10mi
3334 Pleasant Grove Rd Apt 15 Lansing, MI	2.0	1.0	800	$950	$1.19	45d	1	1.10mi
3334 Pleasant Grove Rd Apt 10 Lansing, MI	2.0	1.0	800	$900	$1.12	45d	1	1.10mi
3716 Homewood Ave Lansing, MI	2.0	1.0	692	$1,300	$1.88	22d	1	1.10mi
645 E Jolly Rd Lansing, MI	1.0–2.0	1.0	775	$825	$1.06	45d	1	1.19mi
1913 Stirling Ave Unit 1 Lansing, MI	2.0	2.0	1100	$1,200	$1.09	45d	1	1.22mi
2612 Fielding Dr Lansing, MI	2.0	1.0	1100	$1,095	$1.00	45d	1	1.31mi
4125 Ingham St Lansing, MI	3.0	1.0	933	$1,300	$1.39	45d	1	1.32mi
1828 Davis Ave Lansing, MI	2.0	1.0	700	$1,150	$1.64	45d	1	1.32mi
2823 Hillcrest St Lansing, MI	3.0	1.0	925	$1,245	$1.35	22d	1	1.39mi
910 E Jolly Rd #2 Lansing, MI	1.0–2.0	1.0	625	$895	$1.43	22d	2	1.40mi
2711 Dunlap St Lansing, MI	3.0	1.0	1020	$1,350	$1.32	45d	1	1.42mi
5540 Kaynorth Rd Unit 4 Lansing, MI	2.0	1.0	745	$925	$1.24	45d	1	1.45mi
2920 Hillcrest St Lansing, MI	3.0	1.0	1040	$1,225	$1.18	45d	1	1.45mi
1016 E Greenlawn Ave Unit 3 Lansing, MI	2.0	1.0	750	$925	$1.23	15d	1	1.46mi
1815 Potomac Cir Lansing, MI	2.0	1.0	1002	$1,200	$1.20	15d	1	1.49mi

Listing history 19 events

1. 2026-06-21
   days on market $39,900 Active 43 DOM
2. 2026-06-18
   days on market $39,900 Active 40 DOM
3. 2026-06-17
   days on market $39,900 Active 39 DOM

   Show marketing remark (722 chars)

   Great investment opportunity on Lansing's desirable south side! Located near W Holmes Rd and Martin Luther King Jr Blvd, this 3-bedroom, 1-bath vinyl bungalow offers strong potential for investors, flippers, or buyers looking for their next renovation project. The home features a functional layout, Michigan basement for storage and utilities, and a backyard shed for additional storage space. While the property needs substantial updates and repairs, the location adds tremendous value - just minutes from Everett High School, shopping, dining, and major commuter routes. With the right vision and improvements, this property has excellent upside potential. Property is being sold as-is. Buyer to verify all information.

4. 2026-06-16
   pricedays on market $39,900 Active 38 DOM
5. 2026-06-15
   days on market $49,900 Active 37 DOM
6. 2026-06-14
   days on market $49,900 Active 35 DOM
7. 2026-06-13
   days on market $49,900 Active 34 DOM
8. 2026-06-10
   days on market $49,900 Active 32 DOM
9. 2026-06-09
   days on market $49,900 Active 31 DOM
10. 2026-06-08
    days on market $49,900 Active 30 DOM
11. 2026-06-07
    days on market $49,900 Active 29 DOM
12. 2026-06-05
    days on market $49,900 Active 26 DOM
13. 2026-06-03
    days on market $49,900 Active 25 DOM
14. 2026-06-02
    days on market $49,900 Active 24 DOM
15. 2026-06-01
    days on market $49,900 Active 23 DOM
16. 2026-05-31
    days on market $49,900 Active 22 DOM
17. 2026-05-30
    pricedays on market $49,900 Active 21 DOM

    Show marketing remark (722 chars)

    Great investment opportunity on Lansing's desirable south side! Located near W Holmes Rd and Martin Luther King Jr Blvd, this 3-bedroom, 1-bath vinyl bungalow offers strong potential for investors, flippers, or buyers looking for their next renovation project. The home features a functional layout, Michigan basement for storage and utilities, and a backyard shed for additional storage space. While the property needs substantial updates and repairs, the location adds tremendous value - just minutes from Everett High School, shopping, dining, and major commuter routes. With the right vision and improvements, this property has excellent upside potential. Property is being sold as-is. Buyer to verify all information.

18. 2026-05-09
    listed $59,900 Active 732-char remark

    Show marketing remark (722 chars)

    Great investment opportunity on Lansing's desirable south side! Located near W Holmes Rd and Martin Luther King Jr Blvd, this 3-bedroom, 1-bath vinyl bungalow offers strong potential for investors, flippers, or buyers looking for their next renovation project. The home features a functional layout, Michigan basement for storage and utilities, and a backyard shed for additional storage space. While the property needs substantial updates and repairs, the location adds tremendous value - just minutes from Everett High School, shopping, dining, and major commuter routes. With the right vision and improvements, this property has excellent upside potential. Property is being sold as-is. Buyer to verify all information.

19. 2026-05-09
    listed $59,900 Active 722-char remark

    Show marketing remark (722 chars)

    Great investment opportunity on Lansing's desirable south side! Located near W Holmes Rd and Martin Luther King Jr Blvd, this 3-bedroom, 1-bath vinyl bungalow offers strong potential for investors, flippers, or buyers looking for their next renovation project. The home features a functional layout, Michigan basement for storage and utilities, and a backyard shed for additional storage space. While the property needs substantial updates and repairs, the location adds tremendous value - just minutes from Everett High School, shopping, dining, and major commuter routes. With the right vision and improvements, this property has excellent upside potential. Property is being sold as-is. Buyer to verify all information.

ⓘ 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: $1,188 · $99/mo
• Projected year-2 tax: $1,188 · $99/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 5/10 Major FEMA zone X (unshaded) · 48% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 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: $14,025
• − Mortgage interest: −$2,235
• − Property taxes: −$1,188
• − Insurance: −$200
• − Repairs & maintenance: −$1,122
• − Management: −$1,122
• − Depreciation: −$1,161
• Taxable income: $6,997
• Est. tax owed @ 24.0%: −$1,679
• After-tax cash flow: $5,501/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): 32,800
• Household income: $54,712
• Rent vs Own: 41.6% rent · 58.4% own
• Severe rent burden: 1305.0

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 0.62)
• 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%

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

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

-33.4% since first listed

6 events — show timeline

• 2026-06-17 Price Changed $39,900 MiRealSource-MiMLS
• 2026-06-16 Price Changed $39,900 REALCOMP
• 2026-05-30 Price Changed $49,900 MiRealSource-MiMLS
• 2026-05-29 Price Changed $49,900 REALCOMP
• 2026-05-09 Listed $59,900 REALCOMP
• 2026-05-09 Listed $59,900 MiRealSource-MiMLS

Property tax history

+25.9%/yr

Latest (2025): $1,188 · -13.3% YoY. Source: county tax records.