6223 Parkway StSaginawMI48603
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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 6223 Parkway St, Saginaw, MI, 48603 uses $35,935 cash to close to unlock $10,581/yr annual cash flow and $882/mo monthly cash flow. Total monthly income runs $1,597/mo, and a $531/mo payment keeps the spread at $882/mo. Purchase price stands at $108,400, and rental yield measures 17.68% with $1,597/mo rent. Return on cash invested shows 49.35% in year one, and 5% annual appreciation builds toward $29,949 over five years. Five-year ROI reaches 261.34% and total cumulative return in cash records $93,913. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,597/mo property income covering a $531/mo payment rather than investor’s personal income.
Manufactured
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48603, Saginaw, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,279 (100%) |
| Owner Occupied HU | 8,422 (63.4%) |
| Renter Occupied HU | 4,095 (30.8%) |
| Vacant Housing Units | 762 ( 5.7%) |
| Median Home Value | $207,602 |
| Average Home Value | $239,030 |
Housing Distribution
Address Breakdown
Residential
13,098
Single Family
10,560
Multi-Family
2,538
Businesses
934
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