Best ZIP Codes for Cash Flow in Saginaw, MI (2026)
Ranked by cap rate — the annual return on the purchase price before financing. ZIPs that also clear the 1% rule are marked.
| # | ZIP | City | Home value | Rent | Cap rate | 5-yr growth |
|---|---|---|---|---|---|---|
| 1 | 48601 1% rule | Saginaw, MI | $59,363 | $1,124 | 14.77% | 4.5% |
| 2 | 48602 1% rule | Saginaw, MI | $85,057 | $1,085 | 9.95% | 6.2% |
| 3 | 48604 | Saginaw, MI | $143,970 | $1,071 | 5.80% | 8.2% |
| 4 | 48623 | Freeland, MI | $305,611 | $1,850 | 4.72% | 7.2% |
| 5 | 48638 | Saginaw, MI | $205,268 | $1,200 | 4.56% | 8.3% |
| 6 | 48722 | Bridgeport, MI | $179,871 | $1,008 | 4.37% | 6.7% |
| 7 | 48417 | Burt, MI | $212,170 | $1,116 | 4.10% | 7.7% |
| 8 | 48614 | Brant, MI | $221,176 | $1,098 | 3.87% | 4.7% |
| 9 | 48603 | Saginaw, MI | $234,199 | $1,142 | 3.80% | 7.2% |
| 10 | 48807 | Bannister, MI | $190,643 | $918 | 3.76% | 6.6% |
| 11 | 48649 | Oakley, MI | $196,763 | $873 | 3.46% | 5.4% |
| 12 | 48637 | Merrill, MI | $209,590 | $927 | 3.45% | 7.7% |
| 13 | 48609 | Saginaw, MI | $221,784 | $972 | 3.42% | 6.4% |
| 14 | 48415 | Birch Run, MI | $243,695 | $1,062 | 3.40% | 7.3% |
| 15 | 48655 | Saint Charles, MI | $208,118 | $873 | 3.27% | 6.9% |
| 16 | 48757 | Reese, MI | $227,729 | $927 | 3.18% | 5.7% |
| 17 | 48616 | Chesaning, MI | $220,817 | $873 | 3.08% | 7.8% |
| 18 | 48626 | Hemlock, MI | $256,943 | $981 | 2.98% | 6.7% |
| 19 | 48734 | Frankenmuth, MI | $329,555 | $891 | 2.11% | 5.2% |
Ranked from Repit’s own ZIP-level data — Zillow home values and rents, HUD fair-market rents where Zillow has no coverage, and U.S. Census vacancy. Cap rate is gross: annual rent over purchase price, before financing and expenses. Every ZIP above links to its full free page. How we calculate this →
Same metro, different strategy
Appreciation in Saginaw, MI · Affordable in Saginaw, MI
Or see the full Saginaw, MI metro profile.