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4665 W Packingham Rd
B- Composite 68.49
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

4665 W Packingham Rd · Lake City, MI 49651
3 bd · 1.0 ba · 1,340 sqft · SingleFamily · 95 Days on market
Built 1954 0.53 ac lot ↓ 32% since listing

🖨 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

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

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.
Recommended offer $72,709 (9.0% below list)

Questions for the listing agent

  1. 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?
  2. Built in 1954 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
  4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  5. 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?
  6. 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.
  7. 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.
  8. 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

5-year hold
IRR
16.6%
Equity multiple
1.67×
Total profit
$14,972
Equity at exit
$11,913
10-year hold
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
7-day pay-or-quit; mixed climate; Detroit/AA have some protections.

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

Break-even rent $610
Max offer price $79,900
Occupancy floor 57%

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

  1. 2024-04-17
    soldstatus $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

  2. 2024-04-17
    soldstatus $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

  3. 2024-04-17
    soldstatus $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

  4. 2024-02-19
    status 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

  5. 2024-02-19
    status 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

  6. 2024-02-19
    status 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

  7. 2024-02-19
    status 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

  8. 2024-01-12
    price $79,900
  9. 2024-01-11
    price $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

  10. 2024-01-11
    price $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

  11. 2024-01-11
    price $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

  12. 2024-01-11
    price $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

  13. 2024-01-06
    price $98,000
  14. 2024-01-05
    price $98,000
  15. 2023-12-31
    historical
  16. 2023-12-31
    historical
  17. 2023-12-26
    listed $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

  18. 2023-12-26
    listed $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

  19. 2023-12-06
    price $98,000
  20. 2023-12-05
    price $98,000
  21. 2023-11-15
    listed $112,000 Active
  22. 2023-11-15
    listed $112,000 Active
  23. 2023-11-15
    listed $112,000 Active
  24. 2023-11-15
    listed $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
combined federal + state — saved on this device
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

Amenities F Commute F Cost of living A+ Crime D Employment D- Housing A+ Health & safety A User ratings A

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

Price history

-32.1% since first listed
24 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%/yr

Latest (2025): $353 · +10.5% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…