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432 Detroit St, Lansing, MI, 48912

3beds
1baths
936sqft
$69,900
$75price/sqft
$687/moest. monthly cost
$27,480/yrincome needed

About This Home

Your Opportunity to Own More for Less - Lansing Township Skip the bank!!! This licensed rental on an oversized corner double lot is available with creative financing, letting you take over payments of just under one thousand/month PITI. Situated in Lansing Township with easy access to MSU, interstates and all the dining, shopping, and energy Michigan Avenue has to offer, this 3-bedroom, 1-bath single-family home is a rare find for the handy buyer, first-time investor, or anyone looking to build equity on their own terms without traditional lending. Inside, you'll find hardwood floors throughout — with the exception of the kitchen and bath — including the living room, dining room, and bedrooms. The primary bedroom is conveniently located on the first floor with a full bath just steps away. Upstairs offers additional living space perfect for a home office, or lounge - giving you more usable square footage to work with. Outside, the huge double corner lot offers room to breathe, grow, and add value — a feature that's increasingly hard to find at this price point. The property carries no structural or safety issues (tagged for trash violations only), making it a true blank canvas. Whether you're looking to renovate and move in, build sweat equity, or add a cash-flowing rental to your portfolio — the location, lot size, and creative financing terms make this one worth a serious look. "Subject To" creative financing gets you the deed at closing - no land contract, no waiting, no one holding your title. Own it from day one and start building on your terms. Best suited for a cash buyer or someone seeking seller-assisted financing. A walk-through waiver is required prior to showing.

Getting Around

62
WalkingSomewhat Walkable
39
TransitSome Transit
70
BikeVery Bikeable

Schools

4/10
Pattengill AcademyGrades PK-71.0 mi
5/10
Eastern High SchoolGrades 7-120.9 mi
3/10
Sheridan RoadGrades PK,4-73.4 mi

Construction

Condition

  • Year built: 1926

Materials

  • Foundation: Block
  • Roof: Shingle
  • Construction materials: Vinyl Siding

Type & Style

  • Home type: SingleFamily
  • Architectural style: Bungalow
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Disposal,Dryer,Electric Range,Refrigerator,Washer
  • Laundry features: In Basement

Basement

  • Level: Basement
  • Area: 320

Basement

  • Has basement: Yes
  • Basement: Block,Concrete,Full

Bathroom1

  • Level: First
  • Area: 64

Bedroom2

  • Level: Second
  • Area: 320

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 1
  • Full bathrooms: 1

Dining Room

  • Level: First
  • Area: 100

Features

  • Ceiling Fan(s)
  • Window features: Insulated Windows,Screens
  • Flooring: Varies,Vinyl,Wood
  • Finished area below ground: 0
  • Finished area above ground: 936

Heating & Cooling

  • Heating features: Forced Air
  • Cooling features: None

Interior Area

  • Total structure area: 1,872
  • Total interior livable area: 936 sqft

Kitchen

  • Level: First
  • Area: 100

Living Room

  • Level: First
  • Area: 224

Master Bedroom

  • Level: First
  • Area: 144

Property

Details

  • Parcel number: 33210114459007
  • Zoning description: Zoning
  • Special condition: Notice Of Default
  • Foundation area: 936

Features

  • Levels: One and One Half
  • Stories: 1
  • Entry location: East
  • Has spa: Yes
  • Spa features: Private
  • Fencing: None
  • Has view: Yes
  • View description: Neighborhood

Lot

  • Lot size: 6,098 sqft
  • Features: Back Yard,Few Trees,Near Public Transit
  • Lot size dimensions: 39.6 x 149.45

Parking

  • Parking features: Driveway,Finished,Off Street,On Site,Parking Pad,Paved
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate

How This Home’s Risks Compare

Strong Wind
Tornado

FEMA Declared Disasters in Ingham County and Michigan

Flood
Severe Ice Storm
Severe Storm
Tornado
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $353$4,236
Home Insurance *$44$528
Property Taxes $102$1,224
Electricity $188$2,259
Total$687$8,244
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$23,554/yr
40% on housing$20,610/yr
45% on housing$18,320/yr

Michigan FAIR Plan Programs

Michigan Basic Property Insurance Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 15,981Commercial: 293
Total Premiums$13.85M
Total Exposure$2.60B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 7.4%
7.4%
0%30.0%
Electricity Growth Rate10-year average: 3.9%
3.9%
0%15.0%
Property Taxes Growth Rate2-year average: 1.2%
1.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$75This listing

vs Other Active Listings

Avg $/sqft

ZIP 48912$68
Ingham County$118

vs Homes Sold Last Month

Median $/sqft

ZIP 48912$127
Ingham County$129

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2025-05-07Listing removed$84,900
2025-04-25Price change$84,900
2025-03-27Listed for sale$95,000

Unknown Listed By

AgentEugenia Y Zacks-Carney
BrokerageEXP Realty - Lansing

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