1136 W Allegan St · Lansing, MI
Flood risk 1/10 · Minimal
- FEMA flood zone
- X (unshaded)
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- $473 – $860
Fire risk 1/10 · Minimal
- Est. fire insurance / yr
- $784 – $1,456
Heat risk 2/10 · Minimal
- Hot days now (above 96°F)
- 7 days/yr
- Hot days in 30 yrs
- 16 days/yr
Wind risk 2/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 2/10 · Minimal
- Unhealthy air days now
- 1 days/yr
- Unhealthy air days in 30 yrs
- 2 days/yr
Risk factors via First Street. Map © Google.
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 +14.9/30.0
- ARV discount +7.4/15.0
- 1% rule +5.2/10.0
- DSCR +4.6/10.0
- Livability +4.0/5.0
- Rent growth +2.5/5.0
- Condition / age +2.5/5.0
- Schools +1.9/10.0
- Appreciation +0.0/10.0
$124,900
🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence
Listing remarks MLS
You're in luck! You've got a second chance for this one that won't last long! This beautifully updated three-bedroom home on the west side has been thoughtfully rejuvenated and is completely move-in ready. The exterior showcases a blend of functional and tasteful improvements, including a brand-new front porch, new rear stairwell, new roof, new exterior doors, and freshly painted siding that enhances its curb appeal. Inside, the home offers timeless charm with hardwood floors spanning the spacious living and dining rooms, with the dining room featuring classic built-in details. The fully updated kitchen combines style and practicality with new vinyl flooring, new cabinetry and hardware, and brand-new stainless steel appliances. Upstairs, you'll find a generously sized full bathroom featuring new vinyl flooring, a new toilet, updated lighting, and a new mirror. Hardwood floors continue throughout the upper level and into all three large bedrooms, each offering ample closet space. Beyond the cosmetic upgrades, major mechanical improvements provide peace of mind, including a brand-new furnace and hot water heater located in the freshly painted basement. A perfect blend of character and updates???this home is ready for its next owner. Schedule your showing today before it's gone!
Key facts
- New rear stairwell
- New front porch
- New exterior doors
Tags
Property features AI
Finance
- Other: Property currently used as rental, primary residence, or investment
Exterior
- Parking: Driveway (no attached garage)
- Utilities: Public sewer
- Home design: Two levels; Built in 1922; Not new construction
- Construction: Aluminum siding; Block foundation
- Exterior features: Shingle roof; Roof—see remarks
Interior
- Kitchen: Range; Refrigerator
- Bedrooms: 3 bedrooms (Primary bedroom approximately 13.4 x 9.7; Bedroom 2 approximately 13.2 x 9.2; Bedroom 3 approximately 13.2 x 8.4)
- Bathrooms: 1 full bathroom (approx. 9.5 x 7.4)
- Heating & cooling: Forced air heating; No central air
- Interior features: Full basement; Updated/remodeled condition
- Laundry & utility: Washer hookup in basement; Laundry area in basement
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath single-family listed at $125k.
Deal economics
- At list price, monthly cash flow is $36 ($435/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($1k rent vs $125k).
- Recommended offer: $121k (3.0% 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, 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: 67 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals lingering (median 45d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 62% 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 $864 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 53 days — a 3% lower offer ($121k) is reasonable based on typical stale-listing flexibility.
- 4 sale attempts; this cycle's ask has dropped $10k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Risks & watch-outs
- Watch-outs: property tax is 2.5% of price; built in 1922 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 53 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
- Built in 1922 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Property tax is high relative to price — has the assessment been appealed recently, and will the sale trigger a re-assessment?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- 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?
- 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?
- 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?
- 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.
- 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.
- 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
- 1.02% ✓
- Cap rate
- 6.64%
- Cash-on-cash
- 1.24%
- DSCR
- 1.06
- GRM
- 8.2
CMA / ARV
- ARV (median comp)
- $124,583
- List price
- $124,900
- Delta
- 0.25%
- Verdict
- FAIR
- Comps
- 20 within 1.0 mi
Show comp detail 12 sales within ~0.75 mi
| Address | Dist | Beds/Ba | Sqft | Sold | Price | $/sf | Match |
|---|---|---|---|---|---|---|---|
| 1309 W Lenawee St | 0.32mi | 3/1.0 | 1,232 (0%) | 5mo | $145,000 | $118 | 81 |
| 1128 W Michigan Ave | 0.07mi | 4/2.0 (+1) | 1,200 (-3%) | 4mo | $160,000 | $133 | 80 |
| 1403 W Ottawa St | 0.19mi | 4/2.0 (+1) | 1,260 (+2%) | 3mo | $163,500 | $130 | 76 |
| 511 N Martin Luther King Jr Blvd | 0.44mi | 3/1.0 | 1,231 (-0%) | 5mo | $130,000 | $106 | 75 |
| 1217 W Shiawassee St | 0.30mi | 3/1.5 | 1,316 (+7%) | 3mo | $147,000 | $112 | 71 |
| 502 N Butler Blvd | 0.47mi | 3/1.0 | 1,176 (-4%) | 1mo | $144,000 | $122 | 70 |
| 319 Howe St | 0.29mi | 2/1.0 (-1) | 1,145 (-7%) | 1mo | $92,000 | $80 | 69 |
| 1629 N Genesee Dr | 0.59mi | 3/2.0 | 1,176 (-4%) | 1mo | $213,800 | $182 | 60 |
| 1313 S Genesee Dr | 0.38mi | 3/2.0 | 1,351 (+10%) | 4mo | $218,000 | $161 | 58 |
| 425 N Sycamore St | 0.51mi | 3/2.0 | 1,109 (-10%) | 2mo | $113,000 | $102 | 54 |
| 824 Nipp Ave | 0.68mi | 3/2.0 | 1,114 (-10%) | 2mo | $106,000 | $95 | 46 |
| 1901 W Malcolm X St | 0.68mi | 3/1.0 | 1,380 (+12%) | 4mo | $92,000 | $67 | 45 |
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
- IRR
- -14.2%
- Equity multiple
- 0.49×
- Total profit
- $-17,847
- Equity at exit
- $18,623
- IRR
- -5.4%
- Equity multiple
- 0.65×
- Total profit
- $-12,224
- Equity at exit
- $10,799
Cash invested: $34,972 (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
ZIP-level market 48915
- Active inventory
- 67
- Price-to-rent
- 8.2×
Monthly cashflow live
- Estimated rent
- $1,274 high interval (Pro) →
- Mortgage (P&I)
- −$655
- Tax from tax record
- −$264 /mo · $3,162/yr
- Insurance
- −$52
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$268
- Net cashflow
- $36
Break-even live
Sensitivity live
| Price | -10% $107 | -5% $72 | +0% $36 | +5% $1 | +10% $-34 |
|---|---|---|---|---|---|
| Rent | -10% $-64 | -5% $-14 | +0% $36 | +5% $87 | +10% $137 |
| Rate | -1.0pp $99 | -0.5pp $68 | base $36 | +0.5pp $4 | +1.0pp $-29 |
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
- $31,225
- Closing costs
- $3,747
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Rent comps 24 comps
| Address | Beds | Baths | Sqft | Rent | $/sqft | DOM | Units | Dist |
|---|---|---|---|---|---|---|---|---|
| 1109 W Washtenaw St Unit 5 Lansing, MI | 2.0 | 1.0 | 755 | $795 | $1.05 | 45d | 1 | 0.14mi |
| 1330 W Hillsdale St Lansing, MI | 3.0 | 1.0 | 1008 | $1,550 | $1.54 | 45d | 1 | 0.40mi |
| 712 N Sycamore St Lansing, MI | 3.0 | 1.0 | 1100 | $1,650 | $1.50 | 22d | 1 | 0.70mi |
| 731 N Sycamore St Unit 1 Lansing, MI | 2.0 | 1.0 | 950 | $945 | $0.99 | 45d | 1 | 0.71mi |
| 410 W Lapeer St Unit 1 Lansing, MI | 2.0 | 1.0 | 800 | $1,050 | $1.31 | 22d | 1 | 0.76mi |
| 524 N Walnut St Lansing, MI | 2.0 | 1.0 | 1000 | $1,150 | $1.15 | 45d | 1 | 0.77mi |
| 433 Seymour Ave Unit 3 Lansing, MI | 3.0 | 1.0 | 1250 | $1,395 | $1.12 | 45d | 1 | 0.77mi |
| 919 Princeton Ave Lansing, MI | 3.0 | 1.5 | 1119 | $1,475 | $1.32 | 22d | 1 | 0.79mi |
| 122 Hathaway St Lansing, MI | 2.0 | 1.0 | 768 | $1,250 | $1.63 | 45d | 1 | 0.85mi |
| 401 S Washington Sq Unit 201 Lansing, MI | 3.0 | 1.0 | 1254 | $1,560 | $1.24 | 45d | 1 | 0.90mi |
| 401 S Washington Sq Unit 205 Lansing, MI | 2.0 | 1.0 | 968 | $1,355 | $1.40 | 45d | 1 | 0.90mi |
| 1010 N Pine St Unit B Lansing, MI | 2.0 | 1.0 | 750 | $1,100 | $1.47 | 45d | 1 | 0.97mi |
| 605 S Grand Ave Unit 2 Lansing, MI | 4.0 | 1.0 | 1200 | $1,100 | $0.92 | 45d | 1 | 1.03mi |
| 920 S Washington Ave Lansing, MI | 1.0–2.0 | 1.0–2.0 | 900 | $1,250 | $1.39 | 15d | 1 | 1.04mi |
| 400 N Catherine St Lansing, MI | 3.0 | 1.0 | 760 | $1,395 | $1.84 | 15d | 1 | 1.10mi |
| 335 E Saint Joseph St Unit 6 Lansing, MI | 2.0 | 1.0 | 700 | $949 | $1.36 | 45d | 1 | 1.17mi |
| 1012 Ontario St Lansing, MI | 4.0 | 2.0 | 1320 | $1,600 | $1.21 | 22d | 1 | 1.19mi |
| 113 Pere Marquette Dr Lansing, MI | 1.0–2.0 | 1.0–2.0 | 1065 | $2,250 | $2.11 | 15d | 9 | 1.29mi |
| 620 May St Lansing, MI | 1.0–2.0 | 1.0–2.0 | 1126 | $1,578 | $1.40 | 15d | 12 | 1.44mi |
| 832 N Larch St Apt 3 Lansing, MI | 2.0 | 1.0 | 890 | $1,095 | $1.23 | 45d | 1 | 1.44mi |
| 1815 Potomac Cir Lansing, MI | 2.0 | 1.0 | 1002 | $1,200 | $1.20 | 15d | 1 | 1.46mi |
| 507 S Hosmer St Lansing, MI | 2.0 | 1.0 | 1120 | $1,075 | $0.96 | 45d | 1 | 1.46mi |
| 805 Bement St Unit Hosmer 507 Lansing, MI | 2.0 | 1.0 | 1120 | $1,075 | $0.96 | 45d | 1 | 1.47mi |
| 1913 Stirling Ave Unit 1 Lansing, MI | 2.0 | 2.0 | 1100 | $1,200 | $1.09 | 45d | 1 | 1.50mi |
Listing history 23 events
-
2026-06-21days on market $124,900 Active 53 DOM
-
2026-06-18days on market $124,900 Active 50 DOM
-
2026-06-17days on market $124,900 Active 49 DOM
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2026-06-16days on market $124,900 Active 48 DOM
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2026-06-15days on market $124,900 Active 47 DOM
-
2026-06-14days on market $124,900 Active 45 DOM
-
2026-06-13days on market $124,900 Active 44 DOM
-
2026-06-10days on market $124,900 Active 42 DOM
-
2026-06-09days on market $124,900 Active 41 DOM
-
2026-06-08days on market $124,900 Active 40 DOM
-
2026-06-07days on market $124,900 Active 39 DOM
-
2026-06-05days on market $124,900 Active 36 DOM
-
2026-06-03statusdays on market $124,900 Active 35 DOM
Show marketing remark (1296 chars)
You're in luck! You've got a second chance for this one that won't last long! This beautifully updated three-bedroom home on the west side has been thoughtfully rejuvenated and is completely move-in ready. The exterior showcases a blend of functional and tasteful improvements, including a brand-new front porch, new rear stairwell, new roof, new exterior doors, and freshly painted siding that enhances its curb appeal. Inside, the home offers timeless charm with hardwood floors spanning the spacious living and dining rooms, with the dining room featuring classic built-in details. The fully updated kitchen combines style and practicality with new vinyl flooring, new cabinetry and hardware, and brand-new stainless steel appliances. Upstairs, you'll find a generously sized full bathroom featuring new vinyl flooring, a new toilet, updated lighting, and a new mirror. Hardwood floors continue throughout the upper level and into all three large bedrooms, each offering ample closet space. Beyond the cosmetic upgrades, major mechanical improvements provide peace of mind, including a brand-new furnace and hot water heater located in the freshly painted basement. A perfect blend of character and updates???this home is ready for its next owner. Schedule your showing today before it's gone!
-
2026-06-02statusdays on market $124,900 Active Under Contract 34 DOM
Show marketing remark (1296 chars)
You're in luck! You've got a second chance for this one that won't last long! This beautifully updated three-bedroom home on the west side has been thoughtfully rejuvenated and is completely move-in ready. The exterior showcases a blend of functional and tasteful improvements, including a brand-new front porch, new rear stairwell, new roof, new exterior doors, and freshly painted siding that enhances its curb appeal. Inside, the home offers timeless charm with hardwood floors spanning the spacious living and dining rooms, with the dining room featuring classic built-in details. The fully updated kitchen combines style and practicality with new vinyl flooring, new cabinetry and hardware, and brand-new stainless steel appliances. Upstairs, you'll find a generously sized full bathroom featuring new vinyl flooring, a new toilet, updated lighting, and a new mirror. Hardwood floors continue throughout the upper level and into all three large bedrooms, each offering ample closet space. Beyond the cosmetic upgrades, major mechanical improvements provide peace of mind, including a brand-new furnace and hot water heater located in the freshly painted basement. A perfect blend of character and updates???this home is ready for its next owner. Schedule your showing today before it's gone!
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2026-06-01days on market $124,900 Active 33 DOM
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2026-05-31days on market $124,900 Active 32 DOM
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2026-05-30days on market $124,900 Active 31 DOM
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2026-05-18price $127,400 1218-char remark
Show marketing remark (1296 chars)
You're in luck! You've got a second chance for this one that won't last long! This beautifully updated three-bedroom home on the west side has been thoughtfully rejuvenated and is completely move-in ready. The exterior showcases a blend of functional and tasteful improvements, including a brand-new front porch, new rear stairwell, new roof, new exterior doors, and freshly painted siding that enhances its curb appeal. Inside, the home offers timeless charm with hardwood floors spanning the spacious living and dining rooms, with the dining room featuring classic built-in details. The fully updated kitchen combines style and practicality with new vinyl flooring, new cabinetry and hardware, and brand-new stainless steel appliances. Upstairs, you'll find a generously sized full bathroom featuring new vinyl flooring, a new toilet, updated lighting, and a new mirror. Hardwood floors continue throughout the upper level and into all three large bedrooms, each offering ample closet space. Beyond the cosmetic upgrades, major mechanical improvements provide peace of mind, including a brand-new furnace and hot water heater located in the freshly painted basement. A perfect blend of character and updates???this home is ready for its next owner. Schedule your showing today before it's gone!
-
2026-05-18price $127,400 1225-char remark
Show marketing remark (1296 chars)
You're in luck! You've got a second chance for this one that won't last long! This beautifully updated three-bedroom home on the west side has been thoughtfully rejuvenated and is completely move-in ready. The exterior showcases a blend of functional and tasteful improvements, including a brand-new front porch, new rear stairwell, new roof, new exterior doors, and freshly painted siding that enhances its curb appeal. Inside, the home offers timeless charm with hardwood floors spanning the spacious living and dining rooms, with the dining room featuring classic built-in details. The fully updated kitchen combines style and practicality with new vinyl flooring, new cabinetry and hardware, and brand-new stainless steel appliances. Upstairs, you'll find a generously sized full bathroom featuring new vinyl flooring, a new toilet, updated lighting, and a new mirror. Hardwood floors continue throughout the upper level and into all three large bedrooms, each offering ample closet space. Beyond the cosmetic upgrades, major mechanical improvements provide peace of mind, including a brand-new furnace and hot water heater located in the freshly painted basement. A perfect blend of character and updates???this home is ready for its next owner. Schedule your showing today before it's gone!
-
2026-05-10price $129,900 1218-char remark
Show marketing remark (1296 chars)
You're in luck! You've got a second chance for this one that won't last long! This beautifully updated three-bedroom home on the west side has been thoughtfully rejuvenated and is completely move-in ready. The exterior showcases a blend of functional and tasteful improvements, including a brand-new front porch, new rear stairwell, new roof, new exterior doors, and freshly painted siding that enhances its curb appeal. Inside, the home offers timeless charm with hardwood floors spanning the spacious living and dining rooms, with the dining room featuring classic built-in details. The fully updated kitchen combines style and practicality with new vinyl flooring, new cabinetry and hardware, and brand-new stainless steel appliances. Upstairs, you'll find a generously sized full bathroom featuring new vinyl flooring, a new toilet, updated lighting, and a new mirror. Hardwood floors continue throughout the upper level and into all three large bedrooms, each offering ample closet space. Beyond the cosmetic upgrades, major mechanical improvements provide peace of mind, including a brand-new furnace and hot water heater located in the freshly painted basement. A perfect blend of character and updates???this home is ready for its next owner. Schedule your showing today before it's gone!
-
2026-05-10price $129,900 1225-char remark
Show marketing remark (1296 chars)
You're in luck! You've got a second chance for this one that won't last long! This beautifully updated three-bedroom home on the west side has been thoughtfully rejuvenated and is completely move-in ready. The exterior showcases a blend of functional and tasteful improvements, including a brand-new front porch, new rear stairwell, new roof, new exterior doors, and freshly painted siding that enhances its curb appeal. Inside, the home offers timeless charm with hardwood floors spanning the spacious living and dining rooms, with the dining room featuring classic built-in details. The fully updated kitchen combines style and practicality with new vinyl flooring, new cabinetry and hardware, and brand-new stainless steel appliances. Upstairs, you'll find a generously sized full bathroom featuring new vinyl flooring, a new toilet, updated lighting, and a new mirror. Hardwood floors continue throughout the upper level and into all three large bedrooms, each offering ample closet space. Beyond the cosmetic upgrades, major mechanical improvements provide peace of mind, including a brand-new furnace and hot water heater located in the freshly painted basement. A perfect blend of character and updates???this home is ready for its next owner. Schedule your showing today before it's gone!
-
2026-04-29$134,900 Active 1218-char remark
Show marketing remark (1296 chars)
You're in luck! You've got a second chance for this one that won't last long! This beautifully updated three-bedroom home on the west side has been thoughtfully rejuvenated and is completely move-in ready. The exterior showcases a blend of functional and tasteful improvements, including a brand-new front porch, new rear stairwell, new roof, new exterior doors, and freshly painted siding that enhances its curb appeal. Inside, the home offers timeless charm with hardwood floors spanning the spacious living and dining rooms, with the dining room featuring classic built-in details. The fully updated kitchen combines style and practicality with new vinyl flooring, new cabinetry and hardware, and brand-new stainless steel appliances. Upstairs, you'll find a generously sized full bathroom featuring new vinyl flooring, a new toilet, updated lighting, and a new mirror. Hardwood floors continue throughout the upper level and into all three large bedrooms, each offering ample closet space. Beyond the cosmetic upgrades, major mechanical improvements provide peace of mind, including a brand-new furnace and hot water heater located in the freshly painted basement. A perfect blend of character and updates???this home is ready for its next owner. Schedule your showing today before it's gone!
-
2026-04-29$134,900 Active 1225-char remark
Show marketing remark (1296 chars)
You're in luck! You've got a second chance for this one that won't last long! This beautifully updated three-bedroom home on the west side has been thoughtfully rejuvenated and is completely move-in ready. The exterior showcases a blend of functional and tasteful improvements, including a brand-new front porch, new rear stairwell, new roof, new exterior doors, and freshly painted siding that enhances its curb appeal. Inside, the home offers timeless charm with hardwood floors spanning the spacious living and dining rooms, with the dining room featuring classic built-in details. The fully updated kitchen combines style and practicality with new vinyl flooring, new cabinetry and hardware, and brand-new stainless steel appliances. Upstairs, you'll find a generously sized full bathroom featuring new vinyl flooring, a new toilet, updated lighting, and a new mirror. Hardwood floors continue throughout the upper level and into all three large bedrooms, each offering ample closet space. Beyond the cosmetic upgrades, major mechanical improvements provide peace of mind, including a brand-new furnace and hot water heater located in the freshly painted basement. A perfect blend of character and updates???this home is ready for its next owner. Schedule your showing today before it's gone!
ⓘ 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
- $3,162 · $264/mo
- Projected year-2 tax
- $3,162 · $264/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 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
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $15,293
- − Mortgage interest
- −$6,996
- − Property taxes
- −$3,162
- − Insurance
- −$624
- − Repairs & maintenance
- −$1,223
- − Management
- −$1,223
- − Depreciation
- −$3,633
- Taxable loss
- −$1,571
- Est. tax savings @ 24.0%
- +$377
- After-tax cash flow
- $812/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
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
- 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 |
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| Automotive | 2 | $372B |
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| Chemicals | 1 | $45B |
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| Automotive Retail | 1 | $29B |
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| Healthcare / Medical Devices | 1 | $23B |
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| Automotive Technology | 1 | $20B |
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Price history
-7.4% since first listed12 events — show timeline
- 2026-06-03 Relisted — REALCOMP
- 2026-06-03 Relisted — Greater Lansing AoR
- 2026-06-02 Contingent — REALCOMP
- 2026-06-02 Contingent — Greater Lansing AoR
- 2026-05-25 Price Changed $124,900 REALCOMP
- 2026-05-25 Price Changed $124,900 Greater Lansing AoR
- 2026-05-18 Price Changed $127,400 REALCOMP
- 2026-05-18 Price Changed $127,400 Greater Lansing AoR
- 2026-05-10 Price Changed $129,900 REALCOMP
- 2026-05-10 Price Changed $129,900 Greater Lansing AoR
- 2026-04-29 Listed $134,900 REALCOMP
- 2026-04-29 Listed $134,900 Greater Lansing AoR
Property tax history
+9.1%/yrLatest (2025): $3,162 · +16.8% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…