955 Kennely Rd #J-162SaginawMI48609
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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 Saginaw at 955 Kennely Rd #J-162, Saginaw, MI, 48609 offers a 9.61% rental yield on a $170,000 purchase with $1,361/mo rent. Total monthly income registers $1,361/mo, and a $832/mo payment leaves $240/mo available for distribution. Annual cash flow reaches $2,880/yr on $56,355 to close, and return on cash invested stands at 25.02% in year one. Equity gained on principal adds $1,097/yr while 5% annual appreciation supports $46,968 over five years. Portfolio math shows five-year ROI at 130.78% and total cumulative return in cash at $73,701. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,361/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1977
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48609, Saginaw, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,507 (100%) |
| Owner Occupied HU | 4,627 (84.0%) |
| Renter Occupied HU | 625 (11.3%) |
| Vacant Housing Units | 255 ( 4.6%) |
| Median Home Value | $219,174 |
| Average Home Value | $248,238 |
Housing Distribution
Address Breakdown
Residential
5,392
Single Family
4,594
Multi-Family
798
Businesses
247
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