6473 Blue Star Hwy #31SaugatuckMI49453
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe cash-flow margin at 6473 Blue Star Hwy #31, Saugatuck, MI, 49453 in Saugatuck is narrow, $18/mo net on $1,594/mo rent after the $989/mo debt service, but the property operates at break-even-plus, not a loss. At $220,000 with a 8.69% yield, the long-run equity case via 5% appreciation ($60,782 over five years) and $2,026/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.61 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $85,538.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 6.0% |
| Monthly Cash Flow | $18 | $800 |
City averages based on Saugatuck market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,594 |
| Total Monthly Debt Service | $1,488 |
| DSCR Ratio | 1.07x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Manufactured
Built in 2015
2,613 sqft lot
$N/A/sqft
$375 quarterly HOA
Nearby investment properties with comparable rents
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 2015
2,613 sqft lot
$N/A/sqft
$375 quarterly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
