1417 Harrison StLake 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
Investment property for sale in Lake Odessa at 1417 Harrison St, Lake Odessa, MI, 48849 listed at $184,500 pairs $1,422/mo rent with a $903/mo payment to leave $205/mo cash flow. Total monthly income runs $1,422/mo, and annual cash flow reaches $2,464/yr on $61,162 cash to close. Return on cash invested measures 23.94% in year one, and rental yield registers 9.25% at a $184,500 basis. Equity gained on principal adds $1,191/yr, and annual property appreciation at 5% supports $50,974 by year five. Five-year ROI tracks 125.04% and total cumulative return in cash totals $76,478. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,422/mo property income relative to a $903/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
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: Patricia L Doezema • Keller Williams GR East
Mls Name: MichRIC
Mls ID: #25060158