3018 Mackinaw Meadows DrSaginawMI48603
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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 3018 Mackinaw Meadows Dr, Saginaw, MI, 48603 priced at $309,000 pairs $2,676/mo rent with $389/mo cash flow after a $1,512/mo payment. Total monthly income equals $2,676/mo, and annual cash flow comes to $4,664/yr on $102,434 invested. Return on cash invested is 24.46% in year one, and rental yield stands at 10.39% on a $309,000 basis. Equity gained on principal adds $1,994/yr, and 5% annual appreciation accumulates to $85,371 by year five. Five-year ROI measures 128.87% and total cumulative return in cash reaches $132,005. For financing, Ziffy Mortgage’s DSCR program evaluates $2,676/mo property income against a $1,512/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 2018
N/A lot
$N/A/sqft
$250 monthly 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: Gary Bellinger • Coldwell Banker Bellinger Real Estate
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50162262
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