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1136 W Allegan St
D Composite 42.85
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

1136 W Allegan St · Lansing, MI 48915
3 bd · 1.0 ba · 1,232 sqft · SingleFamily public records · 53 Days on market
Built 1922 4,791 sqft lot $101/sqft · at area comps Est $125k · at est. ↓ 7% since listing

🖨 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

NEW FRONT PORCHNEW REAR STAIRWELLNEW ROOFNEW EXTERIOR DOORSFRESHLY PAINTED SIDINGHARDWOOD FLOORS

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

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

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.
Recommended offer $121,153 (3.0% below list)

Questions for the listing agent

  1. 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?
  2. Built in 1922 — 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. 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
1.02%
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

5-year hold
IRR
-14.2%
Equity multiple
0.49×
Total profit
$-17,847
Equity at exit
$18,623
10-year hold
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
7-day pay-or-quit; mixed climate; Detroit/AA have some protections.

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

Break-even rent $1,229
Max offer price $124,900
Occupancy floor 92%

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

AddressBedsBaths SqftRent$/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

  1. 2026-06-21
    days on market $124,900 Active 53 DOM
  2. 2026-06-18
    days on market $124,900 Active 50 DOM
  3. 2026-06-17
    days on market $124,900 Active 49 DOM
  4. 2026-06-16
    days on market $124,900 Active 48 DOM
  5. 2026-06-15
    days on market $124,900 Active 47 DOM
  6. 2026-06-14
    days on market $124,900 Active 45 DOM
  7. 2026-06-13
    days on market $124,900 Active 44 DOM
  8. 2026-06-10
    days on market $124,900 Active 42 DOM
  9. 2026-06-09
    days on market $124,900 Active 41 DOM
  10. 2026-06-08
    days on market $124,900 Active 40 DOM
  11. 2026-06-07
    days on market $124,900 Active 39 DOM
  12. 2026-06-05
    days on market $124,900 Active 36 DOM
  13. 2026-06-03
    statusdays 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!

  14. 2026-06-02
    statusdays 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!

  15. 2026-06-01
    days on market $124,900 Active 33 DOM
  16. 2026-05-31
    days on market $124,900 Active 32 DOM
  17. 2026-05-30
    days on market $124,900 Active 31 DOM
  18. 2026-05-18
    price $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!

  19. 2026-05-18
    price $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!

  20. 2026-05-10
    price $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!

  21. 2026-05-10
    price $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!

  22. 2026-04-29
    listed $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!

  23. 2026-04-29
    listed $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
combined federal + state — saved on this device
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

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

Price history

-7.4% since first listed
12 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%/yr

Latest (2025): $3,162 · +16.8% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

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