2923 Rushmore StSaginawMI48603
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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 2923 Rushmore St, Saginaw, MI, 48603 offers $2,684/mo rent that, after a $832/mo payment, leaves $1,563/mo cash flow. Total monthly income is $2,684/mo, and annual cash flow is $18,758/yr on $56,322 cash. Return on cash invested measures 53.21% in year one, and rental yield stands at 18.96% at a $169,900 entry. Equity gained on principal adds $1,096/yr while 5% annual appreciation compounds into $46,940 by year five. Five-year ROI records 282.05% and total cumulative return in cash reaches $158,858. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,684/mo property income versus a $832/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.29 Acres lot
$N/A/sqft
No 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: Joe Harris • EXP Realty
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50151454
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