473 Charlotte StMullikenMI48861
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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 Mulliken at 473 Charlotte St, Mulliken, MI, 48861 at $125,000 posts ROI 32.23% with $426/mo cash flow from $1,250/mo rent. Total monthly income equals $1,250/mo, and annual cash flow records $5,106/yr on $41,438 to close. Return on cash invested measures 32.23% and rental yield reads 12% at the current $125,000. Equity gained on principal adds $807/yr, and 5% annual appreciation supports $34,535 by year five. Five-year ROI prints 169.51% and total cumulative return in cash totals $70,241.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,250/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1890
0.50 Acres 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
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