323 Sparling DrSaginawMI48609
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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 323 Sparling Dr, Saginaw, MI, 48609 uses $49,692 cash to close to unlock $5,762/yr annual cash flow and $480/mo monthly cash flow. Total monthly income runs $1,469/mo, and a $734/mo payment keeps the spread at $480/mo. Purchase price stands at $149,900, and rental yield measures 11.76% with $1,469/mo rent. Return on cash invested shows 31.5% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 165.66% and total cumulative return in cash records $82,319. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,469/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48609, Saginaw, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,507 (100%) |
| Owner Occupied HU | 4,627 (84.0%) |
| Renter Occupied HU | 625 (11.3%) |
| Vacant Housing Units | 255 ( 4.6%) |
| Median Home Value | $219,174 |
| Average Home Value | $248,238 |
Housing Distribution
Address Breakdown
Residential
5,392
Single Family
4,594
Multi-Family
798
Businesses
247
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