4825 Locust RdSaginawMI48604
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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 4825 Locust Rd, Saginaw, MI, 48604 uses $62,985 cash to close to unlock $8,664/yr annual cash flow and $722/mo monthly cash flow. Total monthly income runs $1,975/mo, and a $930/mo payment keeps the spread at $722/mo. Purchase price stands at $190,000, and rental yield measures 12.47% with $1,975/mo rent. Return on cash invested shows 33.66% in year one, and 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 177.13% and total cumulative return in cash records $111,564. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,975/mo property income covering a $930/mo payment rather than investor’s personal income.
Single Family
Built in 1961
2.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48604, Saginaw, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,671 (100%) |
| Owner Occupied HU | 3,050 (65.3%) |
| Renter Occupied HU | 1,253 (26.8%) |
| Vacant Housing Units | 368 ( 7.9%) |
| Median Home Value | $104,775 |
| Average Home Value | $159,852 |
Housing Distribution
Address Breakdown
Residential
4,514
Single Family
4,433
Multi-Family
81
Businesses
673
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Listed by: David Wilsey • CENTURY 21 Northland
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1929128
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.