3006 Douglass StSaginawMI48601
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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 3006 Douglass St, Saginaw, MI, 48601 offers $1,504/mo rent that, after a $631/mo payment, leaves $654/mo cash flow. Total monthly income is $1,504/mo, and annual cash flow is $7,844/yr on $42,764 cash. Return on cash invested measures 38.25% in year one, and rental yield stands at 13.99% at a $129,000 entry. Equity gained on principal adds $832/yr while 5% annual appreciation compounds into $35,640 by year five. Five-year ROI records 201.79% and total cumulative return in cash reaches $86,293. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,504/mo property income versus a $631/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1869
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48601, Saginaw, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,402 (100%) |
| Owner Occupied HU | 8,506 (55.2%) |
| Renter Occupied HU | 5,002 (32.5%) |
| Vacant Housing Units | 1,894 (12.3%) |
| Median Home Value | $65,746 |
| Average Home Value | $116,940 |
Housing Distribution
Address Breakdown
Residential
14,222
Single Family
13,728
Multi-Family
494
Businesses
717
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