6220 W Riverside DrSaranacMI48881
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at 6220 W Riverside Dr, Saranac, MI, 48881 in Saranac the bet is firmly on appreciation. Rental yield 0%. The 0% gross yield on a $242,900 price is below income-first thresholds, but 5%/yr value growth projects $67,109 in equity by year five. Ziffy Mortgage's non-U.S. DSCR mortgage (0.00) finances the acquisition on rental income alone. A larger down payment (30–35%) reduces monthly debt service and tightens the spread.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 6.5% |
| Monthly Cash Flow | $0 | $450 |
City averages based on Saranac market data in our database. Property projections are estimates.
Manufactured
Built in 1995
1.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48881, Saranac, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,270 (100%) |
| Owner Occupied HU | 1,863 (82.1%) |
| Renter Occupied HU | 300 (13.2%) |
| Vacant Housing Units | 107 ( 4.7%) |
| Median Home Value | $256,804 |
| Average Home Value | $278,180 |
Housing Distribution
Address Breakdown
Residential
2,140
Single Family
1,993
Multi-Family
147
Businesses
101
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
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
Manufactured
Built in 1995
1.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48881, Saranac, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,270 (100%) |
| Owner Occupied HU | 1,863 (82.1%) |
| Renter Occupied HU | 300 (13.2%) |
| Vacant Housing Units | 107 ( 4.7%) |
| Median Home Value | $256,804 |
| Average Home Value | $278,180 |
Housing Distribution
Address Breakdown
Residential
2,140
Single Family
1,993
Multi-Family
147
Businesses
101
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices