15100 Mulligan DrBathMI48808
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingFor first-time U.S. investors or those diversifying conservatively, 15100 Mulligan Dr, Bath, MI, 48808 in Bath offers a clean, manageable entry. Rental yield 6.43%. DSCR 1.19 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $193,093 in additional property value over five years, with $6,437/yr in principal equity building ownership stake. Total projected cumulative return: $210,625.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.4% | 8.5% |
| Monthly Cash Flow | $(1,024) | $1,200 |
City averages based on Bath market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,745 |
| Total Monthly Debt Service | $4,331 |
| DSCR Ratio | 0.86x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2006
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48808, Bath, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,603 (100%) |
| Owner Occupied HU | 1,673 (64.3%) |
| Renter Occupied HU | 768 (29.5%) |
| Vacant Housing Units | 162 ( 6.2%) |
| Median Home Value | $327,703 |
| Average Home Value | $370,604 |
Housing Distribution
Address Breakdown
Residential
2,483
Single Family
2,461
Multi-Family
22
Businesses
93
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
Single Family
Built in 2006
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48808, Bath, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,603 (100%) |
| Owner Occupied HU | 1,673 (64.3%) |
| Renter Occupied HU | 768 (29.5%) |
| Vacant Housing Units | 162 ( 6.2%) |
| Median Home Value | $327,703 |
| Average Home Value | $370,604 |
Housing Distribution
Address Breakdown
Residential
2,483
Single Family
2,461
Multi-Family
22
Businesses
93
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices