1237 Owen StSaginawMI48601
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 1237 Owen St, Saginaw, MI, 48601 in Saginaw deserves attention. This $165,000 property earns $1,772/mo in rent, a 12.89% gross yield, and nets $684/mo after the $742/mo payment. DSCR 2.39 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $45,586 compounds alongside $1,520/yr in yearly equity build, for a total cumulative return of $106,886.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.9% | 9.0% |
| Monthly Cash Flow | $684 | $800 |
City averages based on Saginaw market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,772 |
| Total Monthly Debt Service | $1,022 |
| DSCR Ratio | 1.73x |
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 1899
0.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48601, Saginaw, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,402 (100%) |
| Owner Occupied HU | 8,506 (55.2%) |
| Renter Occupied HU | 5,002 (32.5%) |
| Vacant Housing Units | 1,894 (12.3%) |
| Median Home Value | $65,746 |
| Average Home Value | $116,940 |
Housing Distribution
Address Breakdown
Residential
14,222
Single Family
13,728
Multi-Family
494
Businesses
717
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 1899
0.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48601, Saginaw, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,402 (100%) |
| Owner Occupied HU | 8,506 (55.2%) |
| Renter Occupied HU | 5,002 (32.5%) |
| Vacant Housing Units | 1,894 (12.3%) |
| Median Home Value | $65,746 |
| Average Home Value | $116,940 |
Housing Distribution
Address Breakdown
Residential
14,222
Single Family
13,728
Multi-Family
494
Businesses
717
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices