2220 Mershon StSaginawMI48602
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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
Investment property for sale in Saginaw at 2220 Mershon St, Saginaw, MI, 48602 earns $456/mo cash flow from $1,610/mo rent with a $857/mo payment. Total monthly income totals $1,610/mo, and annual cash flow totals $5,466/yr on $58,013 capital. ROI tracks 29.33% on current figures, and rental yield reads 11.04% at a $175,000 purchase. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,349 over five years. Five-year ROI reaches 153.95% and total cumulative return in cash sums $89,311. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,610/mo property income instead of your personal income.
Single Family
Built in 1937
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48602, Saginaw, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,574 (100%) |
| Owner Occupied HU | 7,156 (56.9%) |
| Renter Occupied HU | 4,155 (33.0%) |
| Vacant Housing Units | 1,263 (10.0%) |
| Median Home Value | $67,882 |
| Average Home Value | $111,072 |
Housing Distribution
Address Breakdown
Residential
11,736
Single Family
11,179
Multi-Family
557
Businesses
693
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