3532 Lowden St · Kalamazoo, MI 49008

$75,000

1 bd · 1.0 ba · 468 sqft · SingleFamily public records · 4 Days on market

Built 1939 6,300 sqft lot

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Why this score? — see what drove the C+ 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 +26.3/30.0
• DSCR +8.9/10.0
• 1% rule +7.8/10.0
• ARV discount +7.5/15.0
• Schools +4.7/10.0
• Livability +3.8/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Super cute home in the desirable Oakwood neighborhood. Attention investors and those looking for something with great bones that just needs a little sweat equity. This super cute home in Oakwood has a ton of potential. If you're looking for an investment property or just something of an easily manageable size that needs some sweat equity. Close to shopping, restaurants, and Oakwood Plaza. Easy access to Downtown and the highway.

Key facts

• Close to restaurants
• Investment property
• Close to shopping

Tags

• INVESTMENT PROPERTY
• EASY ACCESS TO DOWNTOWN
• CLOSE TO SHOPPING
• CLOSE TO RESTAURANTS

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath single-family listed at $75k.

Deal economics

• At list price, monthly cash flow is $194 ($2k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($962 rent vs $75k).
• Cap rate 9.4% vs local median 3.4% in Kalamazoo — 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 76/100 on livability (#141 in MI, #3,492 nationally) — a middle-class / working-renter tenant base. Strengths: commute A+, cost of living A+, housing A+; Watch: crime F, employment D-.
• Kalamazoo Public Schools (urban): math 43% / reading 72% proficiency, ranked #71 of 540 in MI (top 13%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; 66% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Woods Lake Elementarya Magnet Center For The Arts (566 students, 86% FRL); Milwood Magnet School (math 24% / reading 75%, grade C, #125 of 493 statewide, top 25%, 742 students, 76% FRL); Loy Norrix High School (math 47% / reading 82%, grade B-, #46 of 713 statewide, top 7%, 1,771 students, 68% FRL).
• Market conditions: Rents rising (+2.4%/yr); 119 active listings in the ZIP; 339 units permitted in Kalamazoo County in 2024 (22 in 5+ unit buildings).
• This rent is only 15% of the median local income ($75k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $519 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
• Kalamazoo County population projected at +18% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 21 sale attempts since 33y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $49k; list at $75k implies a 53% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1939 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $75,000

Questions for the listing agent

1. Built in 1939 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. 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?
4. 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.
5. 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.
6. 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: 1.28% ✓
• Cap rate: 9.39%
• Cash-on-cash: 11.08%
• DSCR: 1.49
• GRM: 6.5

CMA / ARV

• ARV (on-the-fly): $49,140
• Comps found: 1

Show comp detail 1 sale within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3532 Lowden St	0.00mi	1/1.0	468 (0%)	1mo	$48,960	$105	99

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 · 2.41% rent growth · sell at horizon

5-year hold

• IRR: -0.4%
• Equity multiple: 0.98×
• Total profit: $-332
• Equity at exit: $11,183

10-year hold

• IRR: 8.6%
• Equity multiple: 1.64×
• Total profit: $13,483
• Equity at exit: $6,485

Cash invested: $21,000 (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 49008

• Rents YoY: 2.4%
• Active inventory: 119
• Price-to-rent: 6.5×

Monthly cashflow live

• Estimated rent: $962 medium
• Mortgage (P&I): −$393
• Tax from tax record: −$141 /mo · $1,695/yr
• Insurance: −$31
• HOA: −$0
• Vacancy / Maint / Mgmt: −$202
• Net cashflow: $194

Break-even live

Break-even rent $716

Max offer price $75,000

Occupancy floor 75%

Sensitivity live

Price	-10% $236	-5% $215	+0% $194	+5% $173	+10% $151
Rent	-10% $118	-5% $156	+0% $194	+5% $232	+10% $270
Rate	-1.0pp $232	-0.5pp $213	base $194	+0.5pp $174	+1.0pp $155

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: $18,750
• Closing costs: $2,250
• Reserves months: —
• Total cash needed: —

Listing history 42 events

1. 2026-05-21
   soldstatus $48,960 Sold

   Show marketing remark (432 chars)

   Super cute home in the desirable Oakwood neighborhood. Attention investors and those looking for something with great bones that just needs a little sweat equity. This super cute home in Oakwood has a ton of potential. If you're looking for an investment property or just something of an easily manageable size that needs some sweat equity. Close to shopping, restaurants, and Oakwood Plaza. Easy access to Downtown and the highway.

2. 2026-05-21
   soldstatus $48,960 Closed 432-char remark

   Show marketing remark (432 chars)

   Super cute home in the desirable Oakwood neighborhood. Attention investors and those looking for something with great bones that just needs a little sweat equity. This super cute home in Oakwood has a ton of potential. If you're looking for an investment property or just something of an easily manageable size that needs some sweat equity. Close to shopping, restaurants, and Oakwood Plaza. Easy access to Downtown and the highway.

3. 2026-05-21
   soldstatus $48,960 Closed 432-char remark

   Show marketing remark (432 chars)

   Super cute home in the desirable Oakwood neighborhood. Attention investors and those looking for something with great bones that just needs a little sweat equity. This super cute home in Oakwood has a ton of potential. If you're looking for an investment property or just something of an easily manageable size that needs some sweat equity. Close to shopping, restaurants, and Oakwood Plaza. Easy access to Downtown and the highway.

4. 2026-04-24
   status Pending 432-char remark

   Show marketing remark (432 chars)

   Super cute home in the desirable Oakwood neighborhood. Attention investors and those looking for something with great bones that just needs a little sweat equity. This super cute home in Oakwood has a ton of potential. If you're looking for an investment property or just something of an easily manageable size that needs some sweat equity. Close to shopping, restaurants, and Oakwood Plaza. Easy access to Downtown and the highway.

5. 2026-04-24
   status Pending 432-char remark

   Show marketing remark (432 chars)

   Super cute home in the desirable Oakwood neighborhood. Attention investors and those looking for something with great bones that just needs a little sweat equity. This super cute home in Oakwood has a ton of potential. If you're looking for an investment property or just something of an easily manageable size that needs some sweat equity. Close to shopping, restaurants, and Oakwood Plaza. Easy access to Downtown and the highway.

6. 2026-04-24
   status Pending

   Show marketing remark (432 chars)

   Super cute home in the desirable Oakwood neighborhood. Attention investors and those looking for something with great bones that just needs a little sweat equity. This super cute home in Oakwood has a ton of potential. If you're looking for an investment property or just something of an easily manageable size that needs some sweat equity. Close to shopping, restaurants, and Oakwood Plaza. Easy access to Downtown and the highway.

7. 2026-04-20
   listed $75,000 Active 432-char remark

   Show marketing remark (432 chars)

   Super cute home in the desirable Oakwood neighborhood. Attention investors and those looking for something with great bones that just needs a little sweat equity. This super cute home in Oakwood has a ton of potential. If you're looking for an investment property or just something of an easily manageable size that needs some sweat equity. Close to shopping, restaurants, and Oakwood Plaza. Easy access to Downtown and the highway.

8. 2026-04-20
   listed $75,000 Active

   Show marketing remark (432 chars)

   Super cute home in the desirable Oakwood neighborhood. Attention investors and those looking for something with great bones that just needs a little sweat equity. This super cute home in Oakwood has a ton of potential. If you're looking for an investment property or just something of an easily manageable size that needs some sweat equity. Close to shopping, restaurants, and Oakwood Plaza. Easy access to Downtown and the highway.

9. 2026-04-20
   listed $75,000 Active 432-char remark

   Show marketing remark (432 chars)

   Super cute home in the desirable Oakwood neighborhood. Attention investors and those looking for something with great bones that just needs a little sweat equity. This super cute home in Oakwood has a ton of potential. If you're looking for an investment property or just something of an easily manageable size that needs some sweat equity. Close to shopping, restaurants, and Oakwood Plaza. Easy access to Downtown and the highway.

10. 2022-05-25
    historical
11. 2014-09-18
    historical
12. 2014-09-18
    historical
13. 2012-08-14
    soldstatus $28,500
14. 2012-07-13
    soldstatus $28,500
15. 2012-07-13
    soldstatus $28,500
16. 2012-01-26
    listed $29,500
17. 2012-01-26
    listed $29,500
18. 2011-03-25
    soldstatus $12,500
19. 2011-03-25
    soldstatus $12,500
20. 2011-02-23
    listed $9,900
21. 2011-02-23
    listed $9,900
22. 2005-11-30
    historical
23. 2005-07-22
    listed $57,900
24. 2005-07-22
    listed $57,900
25. 2004-12-24
    listed $27,000
26. 2004-12-24
    listed $27,000
27. 1999-07-16
    listed $42,900
28. 1999-07-16
    listed $42,900
29. 1997-04-16
    soldstatus $35,000
30. 1997-04-16
    soldstatus $35,000
31. 1997-04-16
    listed $35,000
32. 1997-04-16
    listed $35,000
33. 1995-07-14
    soldstatus $22,000
34. 1995-07-14
    soldstatus $22,000
35. 1995-07-06
    listed $22,000
36. 1995-07-06
    listed $22,000
37. 1994-07-01
    historical
38. 1994-03-17
    listed $28,000
39. 1994-03-17
    listed $28,000
40. 1993-04-04
    historical
41. 1993-01-04
    listed $28,000
42. 1993-01-04
    listed $28,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast MI · Partial reset (capped growth)

• Current annual tax: $1,695 · $141/mo
• Projected year-2 tax: $1,695 · $141/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 6 d/yr ≥98°F today · 14 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: $11,538
• − Mortgage interest: −$4,201
• − Property taxes: −$1,695
• − Insurance: −$375
• − Repairs & maintenance: −$923
• − Management: −$923
• − Depreciation: −$2,182
• Taxable income: $1,240
• Est. tax owed @ 24.0%: −$297
• After-tax cash flow: $2,028/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: Kalamazoo Public Schools
• NCES district ID: 2619950
• Math proficiency: 43% ▲ 13.00%
• Reading proficiency: 72% ▲ 33.00%
• Median HH income: $35,291
• Composite: 47.48/100
• National rank: #2275
• State rank: #71 of 540 in MI

Livability — Kalamazoo

• Score: 76/100
• State rank: #141
• US rank: #3492

Category grades

Amenities C+ Commute A+ Cost of living A+ Crime F Employment D- Housing A+ Health & safety A+ User ratings D-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Kalamazoo, MI
• County: Kalamazoo County · 224,317 people
• City population: 121,397
• Metro: Kalamazoo-Portage, MI
• Population (ZIP): 16,137
• Household income: $74,943
• Rent vs Own: 33.8% rent · 66.2% own
• Severe rent burden: 513.0

Population outlook (Kalamazoo County) Hauer SSP2

• Today (2025): 280,982 people
• By 2030: 292,068 · +3.9%
• By 2040: 312,191 · +11.1%
• By 2050: 331,196 · +17.9%
• By 2075: 379,021 · +34.9%
• By 2100: 396,579 · +41.1%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (75%)
• Race & ethnicity: White 75% Black 12% Two or more races 6% Hispanic / Latino 5% Asian 3%
• Common ancestry: Iranian 5% Slovak 3% Romanian 3%
• Foreign-born: 8% · Canada, China, South Korea
• Languages at home: 91% English-only · Spanish 2% Other Indo-European 2% French/Haitian/Cajun 1%

Political lean MEDSL · Kalamazoo

• 2024 margin: D (+17.7) · D 58.0% · R 40.3% · Other 1.7%
• 2008→2024 swing: -1.8pp toward R · 2008: 19.5pp · 2024: 17.7pp
• All cycles: 2024: D+17.7 2020: D+18.7 2016: D+12.8 2012: D+13.3 2008: D+19.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -170.52%
• Current HPI: 230.6876
• Rent YoY: ▲ 2.41%
• Metro: Kalamazoo-Portage, 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

+74.9% since first listed

42 events — show timeline

• 2026-05-21 Sold (MLS) $48,960 MiRealSource-MiMLS
• 2026-05-21 Sold (MLS) $48,960 REALCOMP
• 2026-05-21 Sold (MLS) $48,960 SW Michigan MLS
• 2026-04-24 Pending — REALCOMP
• 2026-04-24 Pending — MiRealSource-MiMLS
• 2026-04-24 Pending — SW Michigan MLS
• 2026-04-20 Listed $75,000 REALCOMP
• 2026-04-20 Listed $75,000 MiRealSource-MiMLS
• 2026-04-20 Listed $75,000 SW Michigan MLS
• 2022-05-25 Listing Removed — REALCOMP
• 2014-09-18 Listing Removed — SW Michigan MLS
• 2014-09-18 Listing Removed — SW Michigan MLS
• 2012-08-14 Sold (Public Records) $28,500 Public Records
• 2012-07-13 Sold (MLS) $28,500 REALCOMP
• 2012-07-13 Sold (MLS) $28,500 SW Michigan MLS
• 2012-01-26 Listed $29,500 REALCOMP
• 2012-01-26 Listed $29,500 SW Michigan MLS
• 2011-03-25 Sold (MLS) $12,500 REALCOMP
• 2011-03-25 Sold (MLS) $12,500 SW Michigan MLS
• 2011-02-23 Listed $9,900 REALCOMP
• 2011-02-23 Listed $9,900 SW Michigan MLS
• 2005-11-30 Listing Removed — SW Michigan MLS
• 2005-07-22 Listed $57,900 SW Michigan MLS
• 2005-07-22 Listed $57,900 REALCOMP
• 2004-12-24 Listed $27,000 SW Michigan MLS
• 2004-12-24 Listed $27,000 REALCOMP
• 1999-07-16 Listed $42,900 REALCOMP
• 1999-07-16 Listed $42,900 SW Michigan MLS
• 1997-04-16 Listed $35,000 REALCOMP
• 1997-04-16 Listed $35,000 SW Michigan MLS
• 1997-04-16 Sold (MLS) $35,000 REALCOMP
• 1997-04-16 Sold (MLS) $35,000 SW Michigan MLS
• 1995-07-14 Sold (MLS) $22,000 REALCOMP
• 1995-07-14 Sold (MLS) $22,000 SW Michigan MLS
• 1995-07-06 Listed $22,000 REALCOMP
• 1995-07-06 Listed $22,000 SW Michigan MLS
• 1994-07-01 Listing Removed — REALCOMP
• 1994-03-17 Listed $28,000 REALCOMP
• 1994-03-17 Listed $28,000 SW Michigan MLS
• 1993-04-04 Listing Removed — REALCOMP
• 1993-01-04 Listed $28,000 REALCOMP
• 1993-01-04 Listed $28,000 SW Michigan MLS

Property tax history

+3.7%/yr

Latest (2025): $1,695 · +3.0% YoY. Source: county tax records.