815 5th AveLake 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 815 5th Ave, Lake Odessa, MI, 48849 offers a 10.68% rental yield on a $250,000 purchase with $2,226/mo rent. Total monthly income registers $2,226/mo, and a $1,224/mo payment leaves $577/mo available for distribution. Annual cash flow reaches $6,924/yr on $82,875 to close, and return on cash invested stands at 28.26% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 148.17% and total cumulative return in cash at $122,794. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,226/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
10,018 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: Tyler Schopper • EXIT Realty Home Partners
Mls Name: Greater Lansing AOR
Mls Provider:
Mls ID: #292837
Disclaimer: IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS. Copyright 2025 Greater Lansing Association of REALTORS