Real Estate Investing in Ottawa Lake, Michigan (49267)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 49267 (Ottawa Lake, MI)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Ottawa Lake, MI (49267)?
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Market Analysis: 49267 Ottawa Lake
The 49267 ZIP covers a section of Ottawa Lake that demands careful diligence. Prices near $343K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 49267 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
In the broader MI picture, 49267 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A durable renter share of 9% in 49267 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 49267 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Ottawa Lake:
Property Strategy for 49267
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $203,852 | $1,370 | 4.8% | +7.8% | $101,926 |
| 3BR | $300,647 | $1,710 | 4.1% | +7.1% | $100,216 |
| 4BR | $414,352 | $2,180 | 3.8% | +7.2% | $103,588 |
Market Trends
Home Value History (with trend line)
📊 How Does 49267 Compare?
| Metric | 49267 | Ottawa Lake | Monroe, MI | Michigan |
|---|---|---|---|---|
| Home Value | $343,250 | $343,250 | N/A | $253,279 |
| 5-Year CAGR | 6.4% | 6.4% | N/A | 6.8% |
| Avg Rent | $1,233 | $1,233 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 49267 (Ottawa Lake, MI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $343,250 |
| Monthly Rent | $1,233 |
| Price-to-Rent | 23.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.3% |
| Cap Rate | 2.8% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +10.6% ▲ |
| 3-Year CAGR | +6.9% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.8%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 49267
Population: 3,947
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 49267
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,495 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How much is rent in Ottawa Lake, MI?
Rents in Ottawa Lake, MI run near $1,233/mo. Compared with median home prices of $343K that produces solid gross yields for typical rentals.
Is MI a landlord-friendly state?
The landlord environment in Ottawa Lake, MI is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
How much does a house cost in Ottawa Lake, MI?
Homes in Ottawa Lake, MI typically sell near $343K. Prices have moved at a 0.0% 5-year CAGR, which stable long-term demand.
Can I live-in-and-rent in Ottawa Lake, MI?
The house hack math a challenging in Ottawa Lake, MI. Owner-occupant buyers benefit from the $1,233/mo rents and $343K home values.
What strategy should investors use in Ottawa Lake, MI?
Investors usually favor careful cash-flow rentals with hands-on management in Ottawa Lake, MI. With home values at $343K and rents near $1,233/mo, other strategies can work but produce stable rather than outsized returns.
You know 49267 now. You don’t know where it ranks.
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How 49267 ranks in Monroe, MI
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