161 Charlotte StMullikenMI48861
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderSteady, low-maintenance, and fundable: 161 Charlotte St, Mulliken, MI, 48861 in Mulliken at $285,000. Rental yield 7.62%. The 7.62% yield and 1.41 DSCR put this right in the range Ziffy Mortgage approves for non-U.S. investors without W-2s or domestic credit. Appreciation at 5%/yr is projected to add $78,740 by year five, and $2,625/yr in principal reduction steadily grows the investor's stake. Total projected cumulative return: $104,159.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.6% | 8.0% |
| Monthly Cash Flow | $(69) | $500 |
City averages based on Mulliken market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,811 |
| Total Monthly Debt Service | $1,766 |
| DSCR Ratio | 1.03x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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 2025
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48861, Mulliken, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 635 (100%) |
| Owner Occupied HU | 534 (84.1%) |
| Renter Occupied HU | 59 ( 9.3%) |
| Vacant Housing Units | 42 ( 6.6%) |
| Median Home Value | $217,045 |
| Average Home Value | $250,492 |
Housing Distribution
Address Breakdown
Residential
611
Single Family
611
Multi-Family
0
Businesses
32
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 2025
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48861, Mulliken, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 635 (100%) |
| Owner Occupied HU | 534 (84.1%) |
| Renter Occupied HU | 59 ( 9.3%) |
| Vacant Housing Units | 42 ( 6.6%) |
| Median Home Value | $217,045 |
| Average Home Value | $250,492 |
Housing Distribution
Address Breakdown
Residential
611
Single Family
611
Multi-Family
0
Businesses
32
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices