6220 N Westervelt 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 6220 N Westervelt Rd, Saginaw, MI, 48604 with 5% annual appreciation on a $239,900 basis while $1,766/mo rent supports operations. Total monthly income totals $1,766/mo and a $1,174/mo payment preserves $184/mo for cash returns. Annual cash flow comes to $2,210/yr on $79,527 deployed, and return on cash invested reaches 22.69% in year one. Equity gained on principal adds $1,548/yr, and five-year appreciation sums $66,280 alongside rental yield of 8.83%. Five-year ROI measures 118.34% and total cumulative return in cash totals $94,111.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,766/mo property income versus a $1,174/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1914
5.01 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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