1404 Johnson StLake OdessaMI48849
Nearby investment properties with comparable rents
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
Rental property for sale in Lake Odessa at 1404 Johnson St, Lake Odessa, MI, 48849 priced at $180,000 converts $2,140/mo rent into $953/mo cash flow after a $881/mo obligation. Total monthly income equals $2,140/mo, and annual cash flow totals $11,436/yr on $59,670 invested. Return on cash invested prints 39.07% in year one, and rental yield reads 14.27% against a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation compiles into $49,731 by year five. Five-year ROI reaches 206.14% and total cumulative return in cash sums $123,005. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,140/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1930
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 |
Housing Distribution
Address Breakdown
Residential
2,340
Single Family
2,259
Multi-Family
81
Businesses
152
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Listed by: Justin R Peck • Miller Real Estate
Mls Name: MichRIC
Mls Provider:
Mls ID: #25020510
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.