826 Morningside CtLake 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
Rental property for sale in Lake Odessa at 826 Morningside Ct, Lake Odessa, MI, 48849 offers $2,641/mo rent that, after a $1,713/mo payment, leaves $333/mo cash flow. Total monthly income is $2,641/mo, and annual cash flow is $3,998/yr on $115,992 cash. Return on cash invested measures 23.36% in year one, and rental yield stands at 9.06% at a $349,900 entry. Equity gained on principal adds $2,258/yr while 5% annual appreciation compounds into $96,671 by year five. Five-year ROI records 121.89% and total cumulative return in cash reaches $141,378. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,641/mo property income versus a $1,713/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
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: Valeri M Neeb • Keller Williams Realty Rivertown
Mls Name: MichRIC
Mls ID: #25061104