Sell Your Property on INVESTimate

Easily ACcess a network of motivated buyers
This page contains aggregated information about each property, and is not intended to serve as an appraisal. Projections for accumulated wealth, cash flow and equity are based on predictive models used to analyze big data on more than 110 million homes. Learn more about INVESTimate

...MORE

This page contains aggregated information about each property, and is not intended to serve as an appraisal. Projections for accumulated wealth, cash flow and equity are based on predictive models used to analyze big data on more than 110 million homes. Learn more about INVESTimate

11496 Lipp Hwy Ottawa Lake, MI 49267

3 Beds 2 Baths 2,190 sqft Built 1968
Last updated:  Jul 30, 2018

INVESTimate

$110,986

$97.8K - $124K

Price Est.

$1,145

$1.0K - $1.3K

Rent Est.

$121,008  ( +9.03%)   1 YR EST. FORECAST
  
  
  

The following properties with Estimated Highest Gross Yields are available in other markets.

  • 27440 N ALMA SCHOOL Parkway #33-2 Scottsdale, AZ
    • 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005
    AVAILABLE
    • 15.68% GROSS YIELD
    • $13,349 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $225,000
    • $65,375
    • $2,940
  • 1808 ASHBOROUGH WAY SE Marietta, GA
    • 2 beds 2 baths ∙ 1,252 Sqft ∙ Built 1973 ∙ 1units 2 beds 2 baths ∙ 1,252 Sqft ∙ Built 1973 ∙ 1units
    AVAILABLE fmls
    • 15.60% GROSS YIELD
    • $5,557 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $100,000
    • $32,250
    • $1,300
  • 1206 WALES DRIVE Killeen, TX
    • 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units
    AVAILABLE
    • 15.00% GROSS YIELD
    • $10,563 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $160,000
    • $53,900
    • $2,000
  • 1339 HOLBECH LANE Channelview, TX
    • 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1980 ∙ 1units 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1980 ∙ 1units
    AVAILABLE
    • 14.73% GROSS YIELD
    • $7,387 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $110,000
    • $34,900
    • $1,350

11496 Lipp Hwy PROPERTY INFO

FACTS
  • Built In 1968
  • Price/Sqft : $50.68
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,190 sqft
  • Baths : 1 Full 1 Half

11496 Lipp Hwy SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
BLISSFIELD ELEMENTARY SCHOOL Primary Regular 560 31 7
BLISSFIELD MIDDLE SCHOOL Middle Regular 304 14 6
BLISSFIELD HIGH SCHOOL High Regular 378 21 7

BLISSFIELD ELEMENTARY SCHOOL

  • Education Level: Primary
  • # of students: 560
  • # of teachers: 31
7
GreatSchools Rating

BLISSFIELD MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 304
  • # of teachers: 14
6
GreatSchools Rating

BLISSFIELD HIGH SCHOOL

  • Education Level: High
  • # of students: 378
  • # of teachers: 21
7
GreatSchools Rating
 

Financial Details

See Financial Details

To review the detailed projections for this property, sign up for a FREE account

Already have an account?
Neighborhood

OTTAWA LAKE

  • 3,770

    POPULATION
  • 1,506

    HOUSEHOLDS
  • 52.6%

    WHITE COLLAR

Neighborhood : OTTAWA LAKE

HOUSEHOLDS
1,506
POPULATION

3,770

21.1%Renters
78.9%Home Owners
LABOR FORCE

 

52.6%White Collar
47.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 84% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,072 per month.

MY RENT : $1,072 MEDIAN RENT : $1,207

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.3%
$900-999 1.5%
$1,000-1,499 97.0%
>=$1,500 1.3%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $1,072 would therefore be considered affordable for annual household incomes greater than $42,880 (12 months x 3.333 x $1,072).

Rent % Affordability
Above $500 93.0%
Above $700 84.8%
Above $1,100 63.6%
Above $1,500 49.3%
Above $1,900 35.8%
HOUSEHOLD INCOME RANGE

Approximately 863 of households in this neighborhood have a total annual income of $42,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,072 per month.

MINIMUM INCOME RANGE : $42,880

Income % Distribution
<$20K 7.0%
$20K-$35K 15.4%
$35K-$60K 28.4%
$60K-$100K 28.1%
>=$100K 21.1%
COMMUTE TIME DISTRIBUTION

67% of the working population has a commute time of 15 to 44 minutes, 27% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.2%
5-9 mins 9.0%
10-14 mins 15.3%
15-19 mins 17.3%
20-29 mins 29.5%
30-44 mins 20.0%
45-59 mins 4.2%
>60 mins 2.5%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 84% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $1,072 per month.

MY RENT : $1,072 MEDIAN RENT : $1,207

Rent % Distribution
$500-699 0.0%
$700-899 0.3%
$900-999 1.5%
$1,000-1,499 97.0%
>=$1,500 1.3%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $1,072 would therefore be considered affordable for annual household incomes greater than $42,880 (12 months x 3.333 x $1,072).

Rent % Affordability
Above $500 93.0%
Above $700 84.8%
Above $1,100 63.6%
Above $1,500 49.3%
Above $1,900 35.8%
HOUSEHOLD INCOME RANGE

Approximately 863 of households in this neighborhood have a total annual income of $42,880 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $1,072 per month.

MINIMUM INCOME RANGE : $42,880

Income % Distribution
<$20K 7.0%
$20K-$35K 15.4%
$35K-$60K 28.4%
$60K-$100K 28.1%
>=$100K 21.1%
COMMUTE TIME DISTRIBUTION

67% of the working population has a commute time of 15 to 44 minutes, 27% has a commute time of 14 minutes or less and 7% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 2.2%
5-9 mins 9.0%
10-14 mins 15.3%
15-19 mins 17.3%
20-29 mins 29.5%
30-44 mins 20.0%
45-59 mins 4.2%
>60 mins 2.5%

OTTAWA LAKE Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 7.3%
Construction 6.1%
Health Care & Social Assistance 19.7%
Manufacturing 20.3%
Retail & Wholesale Trader 13.1%
Transportation 6.5%
Other 26.9%
AGE DISTRIBUTION

54% of the population is between the ages of 25 and 64, 25% is 24 or younger and 21% is 65 or older.

Age % Distribution
<15 13.2%
15-19 5.9%
20-24 5.9%
25-44 22.0%
45-65 32.4%
66+ 20.6%
OCCUPATION

Occupation % Distribution
Clean 5.0%
Healthcare 9.9%
Management, Business, & Financial 13.6%
Natural Resources Maintenance 11.0%
Production & Transportation 25.4%
Sales & Office 21.2%
Other 13.8%
HIGHEST EDUCATION LEVEL

14% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 9.7%
High School 45.4%
Masters Degree 3.8%
Some College 19.2%
Some High School 5.8%
Other 16.1%

11496 Lipp Hwy Comps

Sorry, we do not have sufficient data available.

11496 Lipp Hwy, Ottawa Lake, MI 49267 is a single family home of 2,190 sqft. HomeUnion INVESTimateĀ® for 11496 Lipp Hwy includes a Price Estimate of $110,986 and a Rent Estimate of $1,145. This single family home has 3 bedrooms,2 bathrooms, and was built in 1968. This property has an estimated 15 year annualized Yield of 12.38% and Total Return of 30.76%. The estimated 1 year forecast in home value for 11496 Lipp Hwy is 9.03%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in MI , LENAWEE County , or the 49267 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2