187 S Saginaw StMontroseMI48457
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
Investment Highlights
Rental property for sale in Montrose at 187 S Saginaw St, Montrose, MI, 48457 priced at $149,900 converts $1,435/mo rent into $446/mo cash flow after a $734/mo obligation. Total monthly income equals $1,435/mo, and annual cash flow totals $5,354/yr on $49,692 invested. Return on cash invested prints 30.68% in year one, and rental yield reads 11.49% against a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation compiles into $41,415 by year five. Five-year ROI reaches 161.24% and total cumulative return in cash sums $80,123. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,435/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in 1920
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48457, Montrose, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,389 (100%) |
| Owner Occupied HU | 2,729 (80.5%) |
| Renter Occupied HU | 509 (15.0%) |
| Vacant Housing Units | 151 ( 4.5%) |
| Median Home Value | $210,069 |
| Average Home Value | $243,153 |
Housing Distribution
Address Breakdown
Residential
3,081
Single Family
2,843
Multi-Family
238
Businesses
116
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices