1204 Salt Springs DrSaline TownshipMI48176
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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 Saline Township at 1204 Salt Springs Dr, Saline Township, MI, 48176 earns $682/mo cash flow from $3,263/mo rent with a $1,814/mo payment. Total monthly income totals $3,263/mo, and annual cash flow totals $8,182/yr on $122,890 capital. ROI tracks 26.57% on current figures, and rental yield reads 10.56% at a $370,710 purchase. Equity gained on principal adds $2,392/yr, and 5% annual appreciation supports $102,420 over five years. Five-year ROI reaches 139.55% and total cumulative return in cash sums $171,492. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,263/mo property income instead of your personal income.
Condo
Built in 2024
N/A lot
$N/A/sqft
$137 monthly HOA
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Nearby investment properties with comparable prices
Listed by: Scott Fader • M/I Homes of Michigan, LLC
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20240048838
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2024 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2024-11-20 00:15:29 PST Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702