4665 W Packingham Rd · Lake City, MI
Flood risk 1/10 · Minimal
- FEMA flood zone
- —
- Chance of flooding over 30 yrs
- 0.0%
- Est. flood insurance / yr
- —
Fire risk 4/10 · Minor
- Est. fire insurance / yr
- $784 – $1,456
Heat risk 1/10 · Minimal
- Hot days now (above 92°F)
- 7 days/yr
- Hot days in 30 yrs
- 14 days/yr
Wind risk 1/10 · Minimal
- Chance of severe wind over 30 yrs
- —
Air-quality risk 2/10 · Minimal
- Unhealthy air days now
- 1 days/yr
- Unhealthy air days in 30 yrs
- 1 days/yr
Risk factors via First Street. Map © Google.
Why this score? — see what drove the B- grade
The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).
- Cash flow +30.0/30.0
- DSCR +10.0/10.0
- 1% rule +9.6/10.0
- ARV discount +7.5/15.0
- Livability +3.4/5.0
- Schools +3.0/10.0
- Rent growth +2.5/5.0
- Condition / age +2.5/5.0
- Appreciation +0.0/10.0
$79,900
🖨 Deal sheet 📄 Offer letter ✓ Due diligence
Listing remarks MLS
REDUCED PRICE!! AFFORDABLE !!YOU WILL WANT TO SEE THIS 3 BEDROOM HOME AND MAKE IT YOURS!! BIG PICTURE WINDOW IN LARGE LIVINGROOM. NICE AMOUNT OF KITCHEN CABINETS. LOTS OF POTENTIAL WITH FINISHING THE SECOND FLOOR 10x36AREA ADD AN OFFICE OR 4TH BEDROOM. GREAT LOCATION NEAR LAKE CITY WITH AN ABUNDANCE OF ORV TRAILS FOR YEAR ROUND ENTERTAINMENT. LARGE YARD TO ACCOMIDATE LARGE TRAILERS /CAMPERS OR A NICE SIZE GARDEN. BEAUTIFUL WOODS AROUND THE BACK AND SIDE OF HOME FOR ADDED PRIVACY. WAS USED AS A RESIDENCE BUT AIRBNB WOULD BE A GREAT OPTION ALONG WITH A RENTAL OR PERSONAL CABIN. NO POWER HOUSE IS WINTERIZED-WILL BE ON SOON. BATVI
Key facts
- 0.53 acre lot
- Built 1954
- Listed 95 days
Neighborhood map
What this means for you Summary
Snapshot
- This is a 3-bed/1.0-bath single-family listed at $80k.
Deal economics
- At list price, monthly cash flow is $439 ($5k/yr) — positive.
- The deal already cash-flows at list — no discount required.
- Meets the 1% rule at list price ($1k rent vs $80k).
- Recommended offer: $73k (9.0% below list) — sets the bar for market timing.
Location & tenants
- Location reads 68/100 on livability (#376 in MI) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A; Watch: schools C-, crime D, amenities F.
- Lake City Area School District (rural): math 33% / reading 39% proficiency, ranked #282 of 540 in MI (top 52%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
- Market conditions: 76 active listings in the ZIP; 35 units permitted in Missaukee County in 2024 (0 in 5+ unit buildings).
Forward outlook
- Local home prices are declining (-3.0%/yr); year-one equity from $552 of loan paydown is wiped out by about $2k of value loss. Plan a longer hold.
- Missaukee County population projected at -12% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
- At projected returns (-3.0% appreciation + 3.0% rent growth), your $22k cash investment doubles in ~6 years — after that, you're playing with house money.
Negotiation context
- It's been on market 95 days — a 9% lower offer ($73k) is reasonable based on typical stale-listing flexibility.
- 6 sale attempts since 3y ago; this cycle's ask has dropped $18k (18%) from the opening price — seller is motivated, your offer sets the floor, not the list.
Risks & watch-outs
- Watch-outs: built in 1954 — expect roof / HVAC / electrical / plumbing capex.
Questions for the listing agent
- It's been on market 95 days. Have you received any prior offers? Is the seller open to a 9% concession, seller financing, or rate buy-down credit?
- Built in 1954 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
- Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
- Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
- Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
- What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
- What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
- How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.
Investment metrics
- 1% rule
- 1.46% ✓
- Cap rate
- 12.88%
- Cash-on-cash
- 23.53%
- DSCR
- 2.05
- GRM
- 5.7
CMA / ARV
No comps found within radius.
Projected returns pro-forma
-3.0% appreciation · 3.0% rent growth · sell at horizon
- IRR
- 16.6%
- Equity multiple
- 1.67×
- Total profit
- $14,972
- Equity at exit
- $11,913
- IRR
- 25.2%
- Equity multiple
- 3.19×
- Total profit
- $48,917
- Equity at exit
- $6,908
Cash invested: $22,372 (down + closing). Projections, not guarantees.
Landlord ↔ Tenant lean methodology
- Overall (STATE)
- 62 Landlord-Friendly
- State Michigan
- 62 Landlord-Friendly · EVEN
- County
- — inherits STATE
- City
- — inherits STATE
ZIP-level market 49651
- Active inventory
- 76
- Price-to-rent
- 5.7×
Monthly cashflow live
- Estimated rent
- $1,165 medium interval (Pro) →
- Mortgage (P&I)
- −$419
- Tax from tax record
- −$29 /mo · $353/yr
- Insurance
- −$33
- HOA
- −$0
- Vacancy / Maint / Mgmt
- −$245
- Net cashflow
- $439
Break-even live
UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt
Financing live
Cash to close
- Down payment
- $19,975
- Closing costs
- $2,397
- Reserves months
- —
- Total cash needed
- —
Loan-product check · same deal, 3 products live
Conventional
25% down · 7.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Personal DTI + credit; lowest rate.
DSCR
20% down · 8.5% · 30yr
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
No personal income docs; deal must DSCR.
Hard money
10% down · 12.0% · 12mo
- Down + closing
- —
- Monthly P&I
- —
- Monthly cashflow
- —
- DSCR
- —
- Eligible?
- —
Short-term bridge; refi at stabilization.
Listing history 24 events
-
2024-04-17soldstatus $76,000 Sold 636-char remark
Show marketing remark (630 chars)
REDUCED PRICE!! AFFORDABLE !!YOU WILL WANT TO SEE THIS 3 BEDROOM HOME AND MAKE IT YOURS!! BIG PICTURE WINDOW IN LARGE LIVINGROOM.NICE AMOUNT OF KITCHEN CABINETS.LOTS OF POTENTIAL WITH FINISHING THE SECOND FLOOR 10x36AREA ADD AN OFFICE OR 4TH BEDROOM.GREAT LOCATION NEAR LAKE CITY WITH AN ABUNDANCE OF ORV TRAILS FOR YEAR ROUND ENTERTAINMENT. LARGE YARD TO ACCOMIDATE LARGE TRAILERS /CAMPERS OR A NICE SIZE GARDEN.BEAUTIFUL WOODS AROUND THE BACK AND SIDE OF HOME FOR ADDED PRIVACY.WAS USED AS A RESIDENCE BUT AIRBNB WOULD BE A GREAT OPTION ALONG WITH A RENTAL OR PERSONAL CABIN.NO POWER HOUSE IS WINTERIZED-WILL BE ON SOON. BATVI
-
2024-04-17soldstatus $76,000 Sold 630-char remark
Show marketing remark (630 chars)
REDUCED PRICE!! AFFORDABLE !!YOU WILL WANT TO SEE THIS 3 BEDROOM HOME AND MAKE IT YOURS!! BIG PICTURE WINDOW IN LARGE LIVINGROOM.NICE AMOUNT OF KITCHEN CABINETS.LOTS OF POTENTIAL WITH FINISHING THE SECOND FLOOR 10x36AREA ADD AN OFFICE OR 4TH BEDROOM.GREAT LOCATION NEAR LAKE CITY WITH AN ABUNDANCE OF ORV TRAILS FOR YEAR ROUND ENTERTAINMENT. LARGE YARD TO ACCOMIDATE LARGE TRAILERS /CAMPERS OR A NICE SIZE GARDEN.BEAUTIFUL WOODS AROUND THE BACK AND SIDE OF HOME FOR ADDED PRIVACY.WAS USED AS A RESIDENCE BUT AIRBNB WOULD BE A GREAT OPTION ALONG WITH A RENTAL OR PERSONAL CABIN.NO POWER HOUSE IS WINTERIZED-WILL BE ON SOON. BATVI
-
2024-04-17soldstatus $76,000
Show marketing remark (630 chars)
REDUCED PRICE!! AFFORDABLE !!YOU WILL WANT TO SEE THIS 3 BEDROOM HOME AND MAKE IT YOURS!! BIG PICTURE WINDOW IN LARGE LIVINGROOM.NICE AMOUNT OF KITCHEN CABINETS.LOTS OF POTENTIAL WITH FINISHING THE SECOND FLOOR 10x36AREA ADD AN OFFICE OR 4TH BEDROOM.GREAT LOCATION NEAR LAKE CITY WITH AN ABUNDANCE OF ORV TRAILS FOR YEAR ROUND ENTERTAINMENT. LARGE YARD TO ACCOMIDATE LARGE TRAILERS /CAMPERS OR A NICE SIZE GARDEN.BEAUTIFUL WOODS AROUND THE BACK AND SIDE OF HOME FOR ADDED PRIVACY.WAS USED AS A RESIDENCE BUT AIRBNB WOULD BE A GREAT OPTION ALONG WITH A RENTAL OR PERSONAL CABIN.NO POWER HOUSE IS WINTERIZED-WILL BE ON SOON. BATVI
-
2024-02-19status Pending
Show marketing remark (630 chars)
REDUCED PRICE!! AFFORDABLE !!YOU WILL WANT TO SEE THIS 3 BEDROOM HOME AND MAKE IT YOURS!! BIG PICTURE WINDOW IN LARGE LIVINGROOM.NICE AMOUNT OF KITCHEN CABINETS.LOTS OF POTENTIAL WITH FINISHING THE SECOND FLOOR 10x36AREA ADD AN OFFICE OR 4TH BEDROOM.GREAT LOCATION NEAR LAKE CITY WITH AN ABUNDANCE OF ORV TRAILS FOR YEAR ROUND ENTERTAINMENT. LARGE YARD TO ACCOMIDATE LARGE TRAILERS /CAMPERS OR A NICE SIZE GARDEN.BEAUTIFUL WOODS AROUND THE BACK AND SIDE OF HOME FOR ADDED PRIVACY.WAS USED AS A RESIDENCE BUT AIRBNB WOULD BE A GREAT OPTION ALONG WITH A RENTAL OR PERSONAL CABIN.NO POWER HOUSE IS WINTERIZED-WILL BE ON SOON. BATVI
-
2024-02-19status Pending
Show marketing remark (630 chars)
REDUCED PRICE!! AFFORDABLE !!YOU WILL WANT TO SEE THIS 3 BEDROOM HOME AND MAKE IT YOURS!! BIG PICTURE WINDOW IN LARGE LIVINGROOM.NICE AMOUNT OF KITCHEN CABINETS.LOTS OF POTENTIAL WITH FINISHING THE SECOND FLOOR 10x36AREA ADD AN OFFICE OR 4TH BEDROOM.GREAT LOCATION NEAR LAKE CITY WITH AN ABUNDANCE OF ORV TRAILS FOR YEAR ROUND ENTERTAINMENT. LARGE YARD TO ACCOMIDATE LARGE TRAILERS /CAMPERS OR A NICE SIZE GARDEN.BEAUTIFUL WOODS AROUND THE BACK AND SIDE OF HOME FOR ADDED PRIVACY.WAS USED AS A RESIDENCE BUT AIRBNB WOULD BE A GREAT OPTION ALONG WITH A RENTAL OR PERSONAL CABIN.NO POWER HOUSE IS WINTERIZED-WILL BE ON SOON. BATVI
-
2024-02-19status Pending 636-char remark
Show marketing remark (630 chars)
REDUCED PRICE!! AFFORDABLE !!YOU WILL WANT TO SEE THIS 3 BEDROOM HOME AND MAKE IT YOURS!! BIG PICTURE WINDOW IN LARGE LIVINGROOM.NICE AMOUNT OF KITCHEN CABINETS.LOTS OF POTENTIAL WITH FINISHING THE SECOND FLOOR 10x36AREA ADD AN OFFICE OR 4TH BEDROOM.GREAT LOCATION NEAR LAKE CITY WITH AN ABUNDANCE OF ORV TRAILS FOR YEAR ROUND ENTERTAINMENT. LARGE YARD TO ACCOMIDATE LARGE TRAILERS /CAMPERS OR A NICE SIZE GARDEN.BEAUTIFUL WOODS AROUND THE BACK AND SIDE OF HOME FOR ADDED PRIVACY.WAS USED AS A RESIDENCE BUT AIRBNB WOULD BE A GREAT OPTION ALONG WITH A RENTAL OR PERSONAL CABIN.NO POWER HOUSE IS WINTERIZED-WILL BE ON SOON. BATVI
-
2024-02-19status Pending 630-char remark
Show marketing remark (630 chars)
REDUCED PRICE!! AFFORDABLE !!YOU WILL WANT TO SEE THIS 3 BEDROOM HOME AND MAKE IT YOURS!! BIG PICTURE WINDOW IN LARGE LIVINGROOM.NICE AMOUNT OF KITCHEN CABINETS.LOTS OF POTENTIAL WITH FINISHING THE SECOND FLOOR 10x36AREA ADD AN OFFICE OR 4TH BEDROOM.GREAT LOCATION NEAR LAKE CITY WITH AN ABUNDANCE OF ORV TRAILS FOR YEAR ROUND ENTERTAINMENT. LARGE YARD TO ACCOMIDATE LARGE TRAILERS /CAMPERS OR A NICE SIZE GARDEN.BEAUTIFUL WOODS AROUND THE BACK AND SIDE OF HOME FOR ADDED PRIVACY.WAS USED AS A RESIDENCE BUT AIRBNB WOULD BE A GREAT OPTION ALONG WITH A RENTAL OR PERSONAL CABIN.NO POWER HOUSE IS WINTERIZED-WILL BE ON SOON. BATVI
-
2024-01-12price $79,900
-
2024-01-11price $79,900
Show marketing remark (630 chars)
REDUCED PRICE!! AFFORDABLE !!YOU WILL WANT TO SEE THIS 3 BEDROOM HOME AND MAKE IT YOURS!! BIG PICTURE WINDOW IN LARGE LIVINGROOM.NICE AMOUNT OF KITCHEN CABINETS.LOTS OF POTENTIAL WITH FINISHING THE SECOND FLOOR 10x36AREA ADD AN OFFICE OR 4TH BEDROOM.GREAT LOCATION NEAR LAKE CITY WITH AN ABUNDANCE OF ORV TRAILS FOR YEAR ROUND ENTERTAINMENT. LARGE YARD TO ACCOMIDATE LARGE TRAILERS /CAMPERS OR A NICE SIZE GARDEN.BEAUTIFUL WOODS AROUND THE BACK AND SIDE OF HOME FOR ADDED PRIVACY.WAS USED AS A RESIDENCE BUT AIRBNB WOULD BE A GREAT OPTION ALONG WITH A RENTAL OR PERSONAL CABIN.NO POWER HOUSE IS WINTERIZED-WILL BE ON SOON. BATVI
-
2024-01-11price $79,900 636-char remark
Show marketing remark (630 chars)
REDUCED PRICE!! AFFORDABLE !!YOU WILL WANT TO SEE THIS 3 BEDROOM HOME AND MAKE IT YOURS!! BIG PICTURE WINDOW IN LARGE LIVINGROOM.NICE AMOUNT OF KITCHEN CABINETS.LOTS OF POTENTIAL WITH FINISHING THE SECOND FLOOR 10x36AREA ADD AN OFFICE OR 4TH BEDROOM.GREAT LOCATION NEAR LAKE CITY WITH AN ABUNDANCE OF ORV TRAILS FOR YEAR ROUND ENTERTAINMENT. LARGE YARD TO ACCOMIDATE LARGE TRAILERS /CAMPERS OR A NICE SIZE GARDEN.BEAUTIFUL WOODS AROUND THE BACK AND SIDE OF HOME FOR ADDED PRIVACY.WAS USED AS A RESIDENCE BUT AIRBNB WOULD BE A GREAT OPTION ALONG WITH A RENTAL OR PERSONAL CABIN.NO POWER HOUSE IS WINTERIZED-WILL BE ON SOON. BATVI
-
2024-01-11price $79,900
Show marketing remark (630 chars)
REDUCED PRICE!! AFFORDABLE !!YOU WILL WANT TO SEE THIS 3 BEDROOM HOME AND MAKE IT YOURS!! BIG PICTURE WINDOW IN LARGE LIVINGROOM.NICE AMOUNT OF KITCHEN CABINETS.LOTS OF POTENTIAL WITH FINISHING THE SECOND FLOOR 10x36AREA ADD AN OFFICE OR 4TH BEDROOM.GREAT LOCATION NEAR LAKE CITY WITH AN ABUNDANCE OF ORV TRAILS FOR YEAR ROUND ENTERTAINMENT. LARGE YARD TO ACCOMIDATE LARGE TRAILERS /CAMPERS OR A NICE SIZE GARDEN.BEAUTIFUL WOODS AROUND THE BACK AND SIDE OF HOME FOR ADDED PRIVACY.WAS USED AS A RESIDENCE BUT AIRBNB WOULD BE A GREAT OPTION ALONG WITH A RENTAL OR PERSONAL CABIN.NO POWER HOUSE IS WINTERIZED-WILL BE ON SOON. BATVI
-
2024-01-11price $79,900 630-char remark
Show marketing remark (630 chars)
REDUCED PRICE!! AFFORDABLE !!YOU WILL WANT TO SEE THIS 3 BEDROOM HOME AND MAKE IT YOURS!! BIG PICTURE WINDOW IN LARGE LIVINGROOM.NICE AMOUNT OF KITCHEN CABINETS.LOTS OF POTENTIAL WITH FINISHING THE SECOND FLOOR 10x36AREA ADD AN OFFICE OR 4TH BEDROOM.GREAT LOCATION NEAR LAKE CITY WITH AN ABUNDANCE OF ORV TRAILS FOR YEAR ROUND ENTERTAINMENT. LARGE YARD TO ACCOMIDATE LARGE TRAILERS /CAMPERS OR A NICE SIZE GARDEN.BEAUTIFUL WOODS AROUND THE BACK AND SIDE OF HOME FOR ADDED PRIVACY.WAS USED AS A RESIDENCE BUT AIRBNB WOULD BE A GREAT OPTION ALONG WITH A RENTAL OR PERSONAL CABIN.NO POWER HOUSE IS WINTERIZED-WILL BE ON SOON. BATVI
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2024-01-06price $98,000
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2024-01-05price $98,000
-
2023-12-31historical
-
2023-12-31historical
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2023-12-26$98,000 Active 636-char remark
Show marketing remark (630 chars)
REDUCED PRICE!! AFFORDABLE !!YOU WILL WANT TO SEE THIS 3 BEDROOM HOME AND MAKE IT YOURS!! BIG PICTURE WINDOW IN LARGE LIVINGROOM.NICE AMOUNT OF KITCHEN CABINETS.LOTS OF POTENTIAL WITH FINISHING THE SECOND FLOOR 10x36AREA ADD AN OFFICE OR 4TH BEDROOM.GREAT LOCATION NEAR LAKE CITY WITH AN ABUNDANCE OF ORV TRAILS FOR YEAR ROUND ENTERTAINMENT. LARGE YARD TO ACCOMIDATE LARGE TRAILERS /CAMPERS OR A NICE SIZE GARDEN.BEAUTIFUL WOODS AROUND THE BACK AND SIDE OF HOME FOR ADDED PRIVACY.WAS USED AS A RESIDENCE BUT AIRBNB WOULD BE A GREAT OPTION ALONG WITH A RENTAL OR PERSONAL CABIN.NO POWER HOUSE IS WINTERIZED-WILL BE ON SOON. BATVI
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2023-12-26$98,000 Active 630-char remark
Show marketing remark (630 chars)
REDUCED PRICE!! AFFORDABLE !!YOU WILL WANT TO SEE THIS 3 BEDROOM HOME AND MAKE IT YOURS!! BIG PICTURE WINDOW IN LARGE LIVINGROOM.NICE AMOUNT OF KITCHEN CABINETS.LOTS OF POTENTIAL WITH FINISHING THE SECOND FLOOR 10x36AREA ADD AN OFFICE OR 4TH BEDROOM.GREAT LOCATION NEAR LAKE CITY WITH AN ABUNDANCE OF ORV TRAILS FOR YEAR ROUND ENTERTAINMENT. LARGE YARD TO ACCOMIDATE LARGE TRAILERS /CAMPERS OR A NICE SIZE GARDEN.BEAUTIFUL WOODS AROUND THE BACK AND SIDE OF HOME FOR ADDED PRIVACY.WAS USED AS A RESIDENCE BUT AIRBNB WOULD BE A GREAT OPTION ALONG WITH A RENTAL OR PERSONAL CABIN.NO POWER HOUSE IS WINTERIZED-WILL BE ON SOON. BATVI
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2023-12-06price $98,000
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2023-12-05price $98,000
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2023-11-15$112,000 Active
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2023-11-15$112,000 Active
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2023-11-15$112,000 Active
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2023-11-15$112,000 Active
ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot
backfill from property_details.listing_events for pre-trigger history.
Tax reassessment forecast MI · Partial reset (capped growth)
- Current annual tax
- $353 · $29/mo
- Projected year-2 tax
- $792 · $66/mo
- Expected delta
- +$439/yr (+$37/mo · 124.4%)
ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.
Climate risk First Street
- Flood 1/10 Low 0% chance over 30 yrs
- Wildfire 4/10 Moderate
- Heat 1/10 Low 7 d/yr ≥92°F today · 14 d/yr by 30 yrs out
- Wind 1/10 Low
- Air quality 2/10 Low 1 unhealthy d/yr today · 1 by 30 yrs out
Nearby sold comps map
Loading sold comps map…
Walkable amenities ~0.75 mi
Loading nearby amenities…
Taxation est. · year 1
- Rental income
- $13,982
- − Mortgage interest
- −$4,476
- − Property taxes
- −$353
- − Insurance
- −$400
- − Repairs & maintenance
- −$1,119
- − Management
- −$1,119
- − Depreciation
- −$2,324
- Taxable income
- $4,192
- Est. tax owed @ 24.0%
- −$1,006
- After-tax cash flow
- $4,259/yr
For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.
Schools (NCES district)
- District
- Lake City Area School District
- NCES district ID
- 2620610
- Math proficiency
- 33% ▼ -3.00%
- Reading proficiency
- 39% ▼ -2.00%
- Median HH income
- $38,910
- Composite
- 30.1/100
- National rank
- #6338
- State rank
- #282 of 540 in MI
Livability — Lake City
- Score
- 68/100
- State rank
- #376
- US rank
- #9822
Category grades
Schools grade is shown separately in the Schools card above.
Census & demographics
- Population (ZIP)
- 7,540
Population outlook (Missaukee County) Hauer SSP2
- Today (2025)
- 14,724 people
- By 2030
- 14,434 · -2.0%
- By 2040
- 13,734 · -6.7%
- By 2050
- 12,958 · -12.0%
- By 2075
- 11,184 · -24.0%
- By 2100
- 8,613 · -41.5%
Race, ethnicity, and origin ACS 2023
- Neighborhood character
- Predominantly White (93%)
- Race & ethnicity
- White 93% Two or more races 5% Hispanic / Latino 1%
- Common ancestry
- Iranian 9% Romanian 5% Lithuanian 3%
- Foreign-born
- 1% · Canada
- Languages at home
- 99% English-only · Other Indo-European 0%
Political lean MEDSL · Missaukee
- 2024 margin
- Solid R (+56.0) · D 21.2% · R 77.2% · Other 1.5%
- 2008→2024 swing
- -35.0pp toward R · 2008: -21.0pp · 2024: -56.0pp
- All cycles
- 2024: R+56.0 2020: R+53.5 2016: R+52.3 2012: R+34.0 2008: R+21.0
Not yet ingested
- Civics
- —
Market trends
- HPI YoY
- ▼ -156.77%
- Current HPI
- 172.1519
- Rent YoY
- —
- Metro
- —
- State GDP YoY
- ▲ 1.37%
- F500 in state
- 28
Industry mix (Fortune 500 HQ in MI)
| Industry | F500 HQs | Revenue |
|---|---|---|
| Automotive Parts | 3 | $48B |
|
||
| Automotive | 2 | $372B |
|
||
| Chemicals | 1 | $45B |
|
||
| Automotive Retail | 1 | $29B |
|
||
| Healthcare / Medical Devices | 1 | $23B |
|
||
| Automotive Technology | 1 | $20B |
|
||
Price history
-32.1% since first listed24 events — show timeline
- 2024-04-17 Sold (Public Records) $76,000 Public Records
- 2024-04-17 Sold (MLS) $76,000 SW Michigan MLS
- 2024-04-17 Sold (MLS) $76,000 REALCOMP
- 2024-02-19 Pending — MiRealSource-MiMLS
- 2024-02-19 Pending — SW Michigan MLS
- 2024-02-19 Pending — REALCOMP
- 2024-02-19 Pending — SW Michigan MLS
- 2024-01-12 Price Changed $79,900 MiRealSource-MiMLS
- 2024-01-11 Price Changed $79,900 REALCOMP
- 2024-01-11 Price Changed $79,900 REALCOMP
- 2024-01-11 Price Changed $79,900 SW Michigan MLS
- 2024-01-11 Price Changed $79,900 SW Michigan MLS
- 2024-01-06 Price Changed $98,000 MiRealSource-MiMLS
- 2024-01-05 Price Changed $98,000 SW Michigan MLS
- 2023-12-31 Listing Removed — MiRealSource-MiMLS
- 2023-12-31 Listing Removed — REALCOMP
- 2023-12-26 Listed $98,000 SW Michigan MLS
- 2023-12-26 Listed $98,000 REALCOMP
- 2023-12-06 Price Changed $98,000 MiRealSource-MiMLS
- 2023-12-05 Price Changed $98,000 REALCOMP
- 2023-11-15 Listed $112,000 MiRealSource-MiMLS
- 2023-11-15 Listed $112,000 SW Michigan MLS
- 2023-11-15 Listed $112,000 MiRealSource-MiMLS
- 2023-11-15 Listed $112,000 REALCOMP
Property tax history
+3.9%/yrLatest (2025): $353 · +10.5% YoY. Source: county tax records.
Cash-flow waterfall
monthlySold comps — $/sqft
last 12 mo · ≤1 miLoading sold comps…