75 Parsonage StSaranacMI48881
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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 75 Parsonage St, Saranac, MI, 48881 uses $41,404 cash to close to unlock $14,456/yr annual cash flow and $1,205/mo monthly cash flow. Total monthly income runs $2,028/mo, and a $611/mo payment keeps the spread at $1,205/mo. Purchase price stands at $124,900, and rental yield measures 19.48% with $2,028/mo rent. Return on cash invested shows 54.82% in year one, and 5% annual appreciation builds toward $34,508 over five years. Five-year ROI reaches 290.6% and total cumulative return in cash records $120,322. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,028/mo property income covering a $611/mo payment rather than investor’s personal income.
Single Family
Built in 1900
1 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
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