1111 Wright StSaginawMI48602
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Saginaw at 1111 Wright St, Saginaw, MI, 48602 uses $44,719 cash to close to unlock $6,344/yr annual cash flow and $529/mo monthly cash flow. Total monthly income runs $1,418/mo, and a $660/mo payment keeps the spread at $529/mo. Purchase price stands at $134,900, and rental yield measures 12.61% with $1,418/mo rent. Return on cash invested shows 34.1% in year one, and 5% annual appreciation builds toward $37,270 over five years. Five-year ROI reaches 179.48% and total cumulative return in cash records $80,261. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,418/mo property income covering a $660/mo payment rather than investor’s personal income.
Single Family
Built in 1949
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48602, Saginaw, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,574 (100%) |
| Owner Occupied HU | 7,156 (56.9%) |
| Renter Occupied HU | 4,155 (33.0%) |
| Vacant Housing Units | 1,263 (10.0%) |
| Median Home Value | $67,882 |
| Average Home Value | $111,072 |
Housing Distribution
Address Breakdown
Residential
11,736
Single Family
11,179
Multi-Family
557
Businesses
693
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