17 Drake Dr ESaginawMI48603
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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
Rental property for sale in Saginaw at 17 Drake Dr E, Saginaw, MI, 48603 priced at $252,500 pairs $1,801/mo rent with after a $1,236/mo payment. Total monthly income equals $1,801/mo. Return on cash invested is 17.27% in year one, and rental yield stands at 8.56% on a $252,500 basis. Equity gained on principal adds $1,629/yr, and 5% annual appreciation accumulates to $69,761 by year five. Five-year ROI measures 90.88% and total cumulative return in cash reaches $76,071. For financing, Ziffy Mortgage’s DSCR program evaluates $1,801/mo property income against a $1,236/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1992
N/A lot
$N/A/sqft
$320 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48603, Saginaw, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,279 (100%) |
| Owner Occupied HU | 8,422 (63.4%) |
| Renter Occupied HU | 4,095 (30.8%) |
| Vacant Housing Units | 762 ( 5.7%) |
| Median Home Value | $207,602 |
| Average Home Value | $239,030 |
Housing Distribution
Address Breakdown
Residential
13,098
Single Family
10,560
Multi-Family
2,538
Businesses
934
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Listed by: Scott Wilson • Wilson Realty
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50176304
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