1215 Kennely RdSaginawMI48609
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 1215 Kennely Rd, Saginaw, MI, 48609 in Saginaw at $305,000 earns $2,153/mo in rent and nets $141/mo after the $1,371/mo payment, a 8.47% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $84,266 over five years. Ziffy Mortgage underwrites this on a 1.57 DSCR without U.S. credit history. With $2,809/yr in principal paydown, total projected return reaches $125,354.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 9.0% |
| Monthly Cash Flow | $141 | $800 |
City averages based on Saginaw market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,153 |
| Total Monthly Debt Service | $1,890 |
| DSCR Ratio | 1.14x |
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.
Single Family
Built in 1998
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48609, Saginaw, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,507 (100%) |
| Owner Occupied HU | 4,627 (84.0%) |
| Renter Occupied HU | 625 (11.3%) |
| Vacant Housing Units | 255 ( 4.6%) |
| Median Home Value | $219,174 |
| Average Home Value | $248,238 |
Housing Distribution
Address Breakdown
Residential
5,392
Single Family
4,594
Multi-Family
798
Businesses
247
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1998
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48609, Saginaw, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,507 (100%) |
| Owner Occupied HU | 4,627 (84.0%) |
| Renter Occupied HU | 625 (11.3%) |
| Vacant Housing Units | 255 ( 4.6%) |
| Median Home Value | $219,174 |
| Average Home Value | $248,238 |
Housing Distribution
Address Breakdown
Residential
5,392
Single Family
4,594
Multi-Family
798
Businesses
247
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices