124 Elizabeth St #7, Saugatuck, MI, 49453 | 5.63% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Saugatuck at 124 Elizabeth St #7, Saugatuck, MI, 49453 offers a 5.63% rental yield on a $519,900 purchase with $2,440/mo rent. 97% in year one. Equity gained on principal adds $3,355/yr while 5% annual appreciation supports $143,639 over five years. Portfolio math shows five-year ROI at 51.19% and total cumulative return in cash at $87,556. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,440/mo property income against a $2,545/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1986

N/A lot

$N/A/sqft

$450 monthly HOA