30 Mulligan DrMount ClemensMI48043
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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 Mount Clemens at 30 Mulligan Dr, Mount Clemens, MI, 48043 uses $59,670 cash to close to unlock $2,196/yr annual cash flow and $183/mo monthly cash flow. Total monthly income runs $1,370/mo, and a $881/mo payment keeps the spread at $183/mo. Purchase price stands at $180,000, and rental yield measures 9.13% with $1,370/mo rent. Return on cash invested shows 23.59% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 123.1% and total cumulative return in cash records $73,457. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,370/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1964
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48043, Mount Clemens, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,435 (100%) |
| Owner Occupied HU | 4,080 (54.9%) |
| Renter Occupied HU | 2,965 (39.9%) |
| Vacant Housing Units | 390 ( 5.2%) |
| Median Home Value | $224,842 |
| Average Home Value | $264,575 |
Housing Distribution
Address Breakdown
Residential
7,126
Single Family
6,151
Multi-Family
975
Businesses
857
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Listed by: Mark J Scully • Berkshire Hathaway HomeServices Kee Realty
Mls Name: MiRealSource
Mls ID: #50196110