1016 Lakeview DrLake OdessaMI48849
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Lake Odessa at 1016 Lakeview Dr, Lake Odessa, MI, 48849 generates $2,081/mo in rent, after a $1,997/mo payment. Total monthly income is $2,081/mo. Return on cash invested sits at 14.5% in year one, and rental yield is 6.12% on a $408,000 entry. Equity gained on principal adds $2,633/yr, while 5% annual appreciation builds toward $112,723 over five years. Five-year ROI reaches 74.38% and total cumulative return in cash sums $100,603. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,081/mo property income rather than buyer’s personal income.
Single Family
Built in 1956
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48849, Lake Odessa, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,598 (100%) |
| Owner Occupied HU | 2,010 (77.4%) |
| Renter Occupied HU | 347 (13.4%) |
| Vacant Housing Units | 241 ( 9.3%) |
| Median Home Value | $237,500 |
| Average Home Value | $271,979 |
Housing Distribution
Address Breakdown
Residential
2,340
Single Family
2,259
Multi-Family
81
Businesses
152
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Nearby investment properties with comparable prices
Listed by: Kevin R Wheeler • 4th Right Realty
Mls Name: MichRIC
Mls Provider:
Mls ID: #25011508
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.