3209 Meyer PlSaginawMI48603
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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
Investment property for sale in Saginaw at 3209 Meyer Pl, Saginaw, MI, 48603 earns $604/mo cash flow from $1,597/mo rent with a $710/mo payment. Total monthly income totals $1,597/mo, and annual cash flow totals $7,242/yr on $48,068 capital. ROI tracks 34.98% on current figures, and rental yield reads 13.22% at a $145,000 purchase. Equity gained on principal adds $936/yr, and 5% annual appreciation supports $40,061 over five years. Five-year ROI reaches 184.58% and total cumulative return in cash sums $88,724. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,597/mo property income instead of your personal income.
Single Family
Built in 1955
10,454 sqft 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: Adam Sinclair • Bay Valley Realty
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50193096
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