874 3rd Ave #12Lake 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
Total monthly income runs $1,920/mo, and a $1,835/mo payment. Purchase price stands at $375,000, and rental yield measures 6.14% with $1,920/mo rent. Return on cash invested shows 14.58% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 74.78% and total cumulative return in cash records $92,967. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,920/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Condo
Built in 2026
1,742 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: Lewis Smalligan • Tall Tree Realty and Property Management LLC
Mls Name: MichRIC
Mls ID: #25036004