914 3rd 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 914 3rd Ave, Lake Odessa, MI, 48849 earns $214/mo cash flow from $1,216/mo rent with a $744/mo payment. Total monthly income totals $1,216/mo, and annual cash flow totals $2,563/yr on $50,388 capital. ROI tracks 25% on current figures, and rental yield reads 9.6% at a $152,000 purchase. Equity gained on principal adds $981/yr, and 5% annual appreciation supports $41,995 over five years. Five-year ROI reaches 130.69% and total cumulative return in cash sums $65,854. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,216/mo property income instead of your personal income.
Single Family
Built in 1955
9,583 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: Tawni Makley • Freshwater Properties
Mls Name: MichRIC
Mls ID: #25049491