1036 Jordan Lake StLake OdessaMI48849
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Nearby investment properties with comparable prices
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
Investment property for sale in Lake Odessa at 1036 Jordan Lake St, Lake Odessa, MI, 48849 earns from $1,194/mo rent with a $1,444/mo payment. Total monthly income totals $1,194/mo. ROI tracks 10.69% on current figures, and rental yield reads 4.86% at a $295,000 purchase. Equity gained on principal adds $1,904/yr, and 5% annual appreciation supports $81,503 over five years. Five-year ROI reaches 53.94% and total cumulative return in cash sums $52,754. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,194/mo property income instead of your personal income.
Multi Family
Built in 1900
0.45 Acres 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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Listed by: Rui M DeOliveira • RE/MAX SunQuest Realty
Mls Name: MichRIC
Mls Provider:
Mls ID: #25022966
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.