1323 Pearl St, Lake Odessa, MI, 48849 | $53/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

4 Bed
2 Bath
1500 sft

145 N Elizabeth St, Lyons, MI, 48851

3 Bed
1 Bath
1140 sft

342 Pearl St, Ionia, MI, 48846

2 Bed
1 Bath
780 sft

66 Sundago Park St, Hastings, MI, 49058

3 Bed
2 Bath
1496 sft

217 Dye St, Ionia, MI, 48846

Nearby investment properties with comparable prices

3 Bed
2 Bath
1806 sft

358 Lafayette St, Ionia, MI, 48846

3 Bed
2 Bath
1066 sft

615 E Mill St, Hastings, MI, 49058

- Bed
- Bath
- sft

11620 Bailey Dr NE, Lowell, MI, 49331

- Bed
- Bath
- sft

11610 Bailey Dr NE, Lowell, MI, 49331

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Lake Odessa at 1323 Pearl St, Lake Odessa, MI, 48849 uses $74,588 cash to close to unlock $630/yr annual cash flow and $53/mo monthly cash flow. Total monthly income runs $1,536/mo, and a $1,101/mo payment keeps the spread at $53/mo. Purchase price stands at $225,000, and rental yield measures 8.19% with $1,536/mo rent. Return on cash invested shows 20.75% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 107.93% and total cumulative return in cash records $80,505. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,536/mo property income covering a $1,101/mo payment rather than investor’s personal income.

Multi Family

Built in 1903

8,712 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