Is Lake Odessa, MI a good place to invest in rental property?

Lake Odessa, MI has a median modeled monthly cash flow of $-796 and a median cap rate of 2.5%, on a median sold price of $250,000. Prices changed +20.4% year over year.

What is the average cap rate in Lake Odessa, MI?

The median cap rate across recently sold homes in Lake Odessa, MI is 2.5%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Lake Odessa, MI?

The median sold price in Lake Odessa, MI is $250,000 (about $180 per square foot).

Investing in Lake Odessa, MI Real Estate

A data-driven snapshot of the Lake Odessa, MI rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$250,000Median sold price

$180Median $/sqft

2.5%Median cap rate

$-796Modeled cash flow / mo

+20.4%Appreciation YoY

2.9Months of supply

13Active listings

54Sold (last 12 mo)

What the Lake Odessa numbers say

In Lake Odessa, MI, the median home sold for $250,000 (about $180 per square foot), and the typical deal models out to a 2.5% cap rate with a median $-796 of monthly cash flow. Sold prices moved +20.4% over the past year. Inventory sits at about 2.9 months of supply — a tight, seller-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Michigan markets to compare

See Lake Odessa cash-flowing listings

CashFlowRE ranks every for-sale home in Lake Odessa, MI by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Lake Odessa deals, or browse the national market data.