3119 Norwich Rd · Lansing, MI 48911

$169,900

3 bd · 1.0 ba · 947 sqft · SingleFamily public records · 10 Days on market

Built 1971 7,405 sqft lot Est $132k · 29% over

---

Why this score? — see what drove the F 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 +5.9/30.0
• Rent growth +5.0/5.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• 1% rule +1.9/10.0
• Schools +1.9/10.0
• DSCR +0.3/10.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Welcome to 3119 Norwich, a 3 bedroom 2 full bath ranch on a wonderful tree lined street. This cute house boasts a partially finished basement, a large detached garage, and a fenced in backyard. In addition, the furnace, AC, and range are all newer. Call or text for your private showing today!

Key facts

• Fenced in backyard
• 7,405 sq ft lot
• Garage

Tags

• PARTIALLY FINISHED BASEMENT
• FENCED IN BACKYARD

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $170k.

Deal economics

• At list price, monthly cash flow is $-333 ($-4k/yr) — negative.
• To cash-flow at today's rent, offer at most $111k (34.6% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $117k (31.1% below list).
• Recommended offer: $111k (34.6% below list) — sets the bar for cash-flow.
• Cap rate 3.9% vs local median 6.0% in Lansing — below-typical yield; the buyer is paying a premium for something (appreciation thesis, condition, location) that the cap rate doesn't capture.

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 (+9.9%/yr); 143 active listings in the ZIP; 21 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 43% 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 $1k of loan paydown is wiped out by about $5k 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

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 5 sale attempts since 7y 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 $110k; list at $170k implies a 55% gain — meaningful room to come down on a strong offer.

Recommended offer $111,076 (34.6% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1971 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. 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?
5. 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?
6. 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?
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: 0.69% ✗
• Cap rate: 3.94%
• Cash-on-cash: -8.40%
• DSCR: 0.63
• GRM: 12.1

CMA / ARV

• ARV (on-the-fly): $131,633
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
3211 S Deerfield Ave	0.08mi	2/1.0 (-1)	912 (-4%)	4mo	$127,000	$139	82
3424 S Catherine St	0.25mi	3/1.0	929 (-2%)	7mo	$169,000	$182	79
3330 Avalon St	0.37mi	3/1.0	905 (-4%)	4mo	$129,900	$144	72
2816 Greenbelt Dr	0.60mi	3/1.0	963 (+2%)	7mo	$104,300	$108	64
3526 Berwick Dr	0.42mi	3/1.0	1,028 (+9%)	6mo	$109,000	$106	61
2813 Greenbelt Dr	0.63mi	3/1.0	894 (-6%)	1mo	$120,000	$134	61
2905 S Catherine St	0.24mi	2/1.0 (-1)	1,056 (+12%)	7mo	$150,000	$142	59
4110 Richmond St	0.74mi	3/1.0	925 (-2%)	6mo	$120,000	$130	57
3115 Risdale Ave	0.73mi	3/1.0	973 (+3%)	6mo	$50,000	$51	57
3714 Brighton Dr	0.62mi	3/1.5	864 (-9%)	2mo	$163,000	$189	53
4018 Clayborn Rd	0.72mi	3/1.0	864 (-9%)	5mo	$163,000	$189	48
2039 Holly Way	0.71mi	3/1.0	1,081 (+14%)	6mo	$135,000	$125	38

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 · 8.0% rent growth · sell at horizon

5-year hold

• IRR: -25.2%
• Equity multiple: 0.11×
• Total profit: $-42,488
• Equity at exit: $25,333

10-year hold

• IRR: -10.1%
• Equity multiple: 0.25×
• Total profit: $-35,889
• Equity at exit: $14,690

Cash invested: $47,572 (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 48911

• Rents YoY: 9.9%
• Active inventory: 143
• Price-to-rent: 12.1×

Monthly cashflow live

• Estimated rent: $1,170 high
• Mortgage (P&I): −$891
• Tax from tax record: −$295 /mo · $3,545/yr
• Insurance: −$71
• HOA: −$0
• Vacancy / Maint / Mgmt: −$246
• Net cashflow: $-333

Break-even live

Break-even rent $1,591

Max offer price $111,076

Occupancy floor —

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: $42,475
• Closing costs: $5,097
• Reserves months: —
• Total cash needed: —

Rent comps 21 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
2711 Dunlap St Lansing, MI	3.0	1.0	1020	$1,350	$1.32	44d	1	0.29mi
2920 Hillcrest St Lansing, MI	3.0	1.0	1040	$1,225	$1.18	43d	1	0.47mi
2815 Mersey Ln Lansing, MI	2.0–3.0	2.0	1050	$1,325	$1.26	13d	2	0.48mi
2823 Hillcrest St Lansing, MI	3.0	1.0	925	$1,245	$1.35	21d	1	0.52mi
3334 Pleasant Grove Rd Apt 10 Lansing, MI	2.0	1.0	800	$900	$1.12	43d	1	0.54mi
3334 Pleasant Grove Rd Apt 15 Lansing, MI	2.0	1.0	800	$950	$1.19	43d	1	0.54mi
3334 Pleasant Grove Rd Unit 19 Lansing, MI	2.0	1.0	700	$999	$1.43	13d	1	0.54mi
3606 Pleasant Grove Rd Lansing, MI	1.0–2.0	1.0	812	$1,100	$1.35	43d	1	0.59mi
4125 Ingham St Lansing, MI	3.0	1.0	933	$1,300	$1.39	43d	1	0.68mi
2612 Fielding Dr Lansing, MI	2.0	1.0	1100	$1,095	$1.00	43d	1	0.69mi
2114 Ferrol St Unit 1 Lansing, MI	2.0	1.0	700	$950	$1.36	21d	1	0.70mi
3501 Simken Dr Lansing, MI	2.0	1.0	900	$950	$1.06	43d	1	0.71mi
2009 W Holmes Rd Unit 11 Lansing, MI	2.0	1.0	800	$925	$1.16	13d	1	0.74mi
3407 W Mount Hope Ave Lansing, MI	2.0	2.0	1000	$995	$0.99	13d	1	0.74mi
3313 W Mt Hope Ave Lansing, MI	2.0	1.0–2.0	869	$1,296	$1.49	13d	6	0.80mi
4318 Pleasant Grove Rd Lansing, MI	1.0–3.0	1.0–2.0	722	$1,350	$1.87	13d	1	0.89mi
3530 W Jolly Rd Unit 6 Lansing, MI	2.0	1.0	1049	$1,100	$1.05	21d	1	1.18mi
1815 Potomac Cir Lansing, MI	2.0	1.0	1002	$1,200	$1.20	13d	1	1.20mi
915 Loa St Lansing, MI	2.0	1.0	674	$999	$1.48	43d	1	1.40mi
4030 Hartford Rd Lansing, MI	1.0–2.0	1.0	640	$1,094	$1.71	13d	42	1.48mi
1001 W Cavanaugh Rd Lansing, MI	1.0–2.0	1.0	775	$850	$1.10	13d	4	1.50mi

Listing history 16 events

1. 2026-04-16
   status Pending 293-char remark

   Show marketing remark (293 chars)

   Welcome to 3119 Norwich, a 3 bedroom 2 full bath ranch on a wonderful tree lined street. This cute house boasts a partially finished basement, a large detached garage, and a fenced in backyard. In addition, the furnace, AC, and range are all newer. Call or text for your private showing today!

2. 2026-04-16
   status Pending

   Show marketing remark (293 chars)

   Welcome to 3119 Norwich, a 3 bedroom 2 full bath ranch on a wonderful tree lined street. This cute house boasts a partially finished basement, a large detached garage, and a fenced in backyard. In addition, the furnace, AC, and range are all newer. Call or text for your private showing today!

3. 2026-04-06
   listed $169,900 Active 293-char remark

   Show marketing remark (293 chars)

   Welcome to 3119 Norwich, a 3 bedroom 2 full bath ranch on a wonderful tree lined street. This cute house boasts a partially finished basement, a large detached garage, and a fenced in backyard. In addition, the furnace, AC, and range are all newer. Call or text for your private showing today!

4. 2026-04-06
   listed $169,900 Active

   Show marketing remark (293 chars)

   Welcome to 3119 Norwich, a 3 bedroom 2 full bath ranch on a wonderful tree lined street. This cute house boasts a partially finished basement, a large detached garage, and a fenced in backyard. In addition, the furnace, AC, and range are all newer. Call or text for your private showing today!

5. 2025-09-22
   historical
6. 2025-08-26
   price $169,900
7. 2025-08-26
   price $169,900
8. 2025-07-31
   price $179,900
9. 2025-07-31
   price $179,900
10. 2025-07-15
    listed $189,900 Active
11. 2019-07-09
    soldstatus $109,900
12. 2019-06-28
    soldstatus $109,900
13. 2019-06-28
    soldstatus $109,900
14. 2019-05-01
    listed $109,900
15. 2019-05-01
    listed $109,900
16. 2002-11-08
    soldstatus $109,000

ⓘ 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: $3,545 · $295/mo
• Projected year-2 tax: $3,545 · $295/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

Taxation est. · year 1

• Rental income: $14,038
• − Mortgage interest: −$9,517
• − Property taxes: −$3,545
• − Insurance: −$850
• − Repairs & maintenance: −$1,123
• − Management: −$1,123
• − Depreciation: −$4,943
• Taxable loss: −$7,062
• Est. tax savings @ 24.0%: +$1,695
• After-tax cash flow: $-2,301/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): 39,876
• Household income: $56,631
• Rent vs Own: 45.2% rent · 54.8% own
• Severe rent burden: 2255.0

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 0.70)
• Race & ethnicity: White 46% Black 26% Hispanic / Latino 14% Two or more races 10% Asian 8%
• Hispanic origin (detail): Mexican 10% Puerto Rican 1%
• Common ancestry: Romanian 3% Slovak 2% Iranian 2%
• Foreign-born: 12% · Canada, Vietnam, Philippines
• Languages at home: 83% English-only · Spanish 5% Other Indo-European 3% Other Asian/Pacific 2%

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: ▼ -179.62%
• Current HPI: 176.0632
• Rent YoY: ▲ 9.90%
• 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

+55.9% since first listed

16 events — show timeline

• 2026-04-16 Pending — REALCOMP
• 2026-04-16 Pending — Greater Lansing AoR
• 2026-04-06 Listed $169,900 REALCOMP
• 2026-04-06 Listed $169,900 Greater Lansing AoR
• 2025-09-22 Listing Removed — REALCOMP
• 2025-08-26 Price Changed $169,900 REALCOMP
• 2025-08-26 Price Changed $169,900 Greater Lansing AoR
• 2025-07-31 Price Changed $179,900 REALCOMP
• 2025-07-31 Price Changed $179,900 Greater Lansing AoR
• 2025-07-15 Listed $189,900 REALCOMP
• 2019-07-09 Sold (Public Records) $109,900 Public Records
• 2019-06-28 Sold (MLS) $109,900 Greater Lansing AoR
• 2019-06-28 Sold (MLS) $109,900 REALCOMP
• 2019-05-01 Listed $109,900 Greater Lansing AoR
• 2019-05-01 Listed $109,900 REALCOMP
• 2002-11-08 Sold (Public Records) $109,000 Public Records

Property tax history

+6.0%/yr

Latest (2025): $3,545 · +3.1% YoY. Source: county tax records.