7493 S Saginaw StNew LothropMI48460
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
Investment Highlights
Investment property for sale in New Lothrop at 7493 S Saginaw St, New Lothrop, MI, 48460 earns $187/mo cash flow from $1,406/mo rent with a $905/mo payment. Total monthly income totals $1,406/mo, and annual cash flow totals $2,238/yr on $61,328 capital. ROI tracks 23.56% on current figures, and rental yield reads 9.12% at a $185,000 purchase. Equity gained on principal adds $1,194/yr, and 5% annual appreciation supports $51,112 over five years. Five-year ROI reaches 122.96% and total cumulative return in cash sums $75,411. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,406/mo property income instead of your personal income.
Single Family
Built in 1890
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48460, New Lothrop, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 937 (100%) |
| Owner Occupied HU | 799 (85.3%) |
| Renter Occupied HU | 102 (10.9%) |
| Vacant Housing Units | 36 ( 3.8%) |
| Median Home Value | $237,022 |
| Average Home Value | $270,044 |
Housing Distribution
Address Breakdown
Residential
750
Single Family
716
Multi-Family
34
Businesses
42
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Listed by: Elizabeth Bice • B & B Realty Solutions
Mls Name: Realcomp II
Mls Provider:
Mls ID: #20240092789
Disclaimer: IDX provided courtesy of Realcomp II Ltd. via Zillow, Inc and MLS Copyright 2025 Realcomp II Ltd. Shareholders IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The accuracy of all information, regardless of source, is not guaranteed or warranted. All information should be independently verified. The data relating to real estate properties on this website was last updated as recently as 2025-02-16 08:27:36 PST Listing Information presented by local MLS brokerage: Zillow, Inc., REALTOR- Lauren Buttazzoni - (313) 479-2702