6882 Beechwood DrSaranacMI48881
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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 Saranac at 6882 Beechwood Dr, Saranac, MI, 48881 earns $249/mo cash flow from $2,755/mo rent with a $1,615/mo payment. Total monthly income totals $2,755/mo, and annual cash flow totals $2,990/yr on $109,362 capital. ROI tracks 22.64% on current figures, and rental yield reads 10.02% at a $329,900 purchase. Equity gained on principal adds $2,129/yr, and 5% annual appreciation supports $91,145 over five years. Five-year ROI reaches 119.38% and total cumulative return in cash sums $130,551. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,755/mo property income instead of your personal income.
Condo
Built in 1997
N/A lot
$N/A/sqft
$330 monthly 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
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