32 W Hannum BlvdSaginawMI48602
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 32 W Hannum Blvd, Saginaw, MI, 48602 offers a 8.66% rental yield on a $446,000 purchase with $3,217/mo rent. Total monthly income registers $3,217/mo, and a $2,183/mo payment leaves $233/mo available for distribution. Annual cash flow reaches $2,800/yr on $147,849 to close, and return on cash invested stands at 21.8% in year one. Equity gained on principal adds $2,878/yr while 5% annual appreciation supports $123,222 over five years. Portfolio math shows five-year ROI at 113.68% and total cumulative return in cash at $168,070. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,217/mo property income against a $2,183/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1935
0.39 Acres lot
$N/A/sqft
$510 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jan Hauck • Century 21 Signature Freeland
Mls Name: MIDMLS
Mls Provider:
Mls ID: #50172011
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.