1202 Salt Springs DrSaline TownshipMI48176
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 1202 Salt Springs Dr, Saline Township, MI, 48176 in Saline Township speaks for itself: 17.2% gross on a $372,555 price, generating $5,340/mo in rent and $2,746/mo in net income after the $1,675/mo debt service. DSCR 3.19, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $32,954 stacks alongside $102,930 in projected five-year appreciation and $3,431/yr in principal reduction. Projected total cumulative return: $319,269.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 17.2% | 6.2% |
| Monthly Cash Flow | $2,746 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $5,340 |
| Total Monthly Debt Service | $2,446 |
| DSCR Ratio | 2.18x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2024
N/A lot
$N/A/sqft
$137 monthly HOA
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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
Condo
Built in 2024
N/A lot
$N/A/sqft
$137 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices