3006 W Runyan DrLake 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
Investment property for sale in Lake Odessa at 3006 W Runyan Dr, Lake Odessa, MI, 48849 earns from $3,658/mo rent with a $3,730/mo payment. Total monthly income totals $3,658/mo. ROI tracks 13.52% on current figures, and rental yield reads 5.76% at a $762,000 purchase. Equity gained on principal adds $4,917/yr, and 5% annual appreciation supports $210,527 over five years. Five-year ROI reaches 69.06% and total cumulative return in cash sums $173,141. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,658/mo property income instead of your personal income.
Single Family
Built in 2019
0.76 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Duffy (Aaron McClelland • Lakewood Real Estate
Mls Name: MichRIC
Mls Provider:
Mls ID: #25035681
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.