237 Reynick AveSaginawMI48602
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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 237 Reynick Ave, Saginaw, MI, 48602 generates $1,450/mo in rent and, after a $969/mo payment, leaves $144/mo in cash flow. Total monthly income is $1,450/mo, and annual cash flow is $1,733/yr on $65,637 invested. Return on cash invested sits at 22.55% in year one, and rental yield is 8.79% on a $198,000 entry. Equity gained on principal adds $1,278/yr, while 5% annual appreciation builds toward $54,704 over five years. Five-year ROI reaches 117.58% and total cumulative return in cash sums $77,176. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,450/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
10,454 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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Listed by: Mark Greskowiak • Century 21 Signature Realty
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50185574
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