8550 Woodland 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 8550 Woodland Dr, Saranac, MI, 48881 with 5% annual appreciation on a $106,000 basis while $1,368/mo rent supports operations. Total monthly income totals $1,368/mo and a $519/mo payment preserves $590/mo for cash returns. Annual cash flow comes to $7,081/yr on $35,139 deployed, and return on cash invested reaches 40.06% in year one. Equity gained on principal adds $684/yr, and five-year appreciation sums $29,286 alongside rental yield of 15.49%. Five-year ROI measures 212.56% and total cumulative return in cash totals $74,692.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,368/mo property income versus a $519/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1993
4 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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