3637 Cora StSaginawMI48601
Nearby investment properties with comparable rents
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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 3637 Cora St, Saginaw, MI, 48601 uses $38,786 cash to close to unlock $6,211/yr annual cash flow and $518/mo monthly cash flow. Total monthly income runs $1,292/mo, and a $573/mo payment keeps the spread at $518/mo. Purchase price stands at $117,000, and rental yield measures 13.25% with $1,292/mo rent. Return on cash invested shows 35.92% in year one, and 5% annual appreciation builds toward $32,325 over five years. Five-year ROI reaches 189.32% and total cumulative return in cash records $73,429. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,292/mo property income covering a $573/mo payment rather than investor’s personal income.
Single Family
Built in 1967
0.29 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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Listed by: Monique Gilbert • Keller Williams Preferred
Mls Name: MiRealSource
Mls Provider:
Mls ID: #50176166
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