6029 Fulton StMayvilleMI48744
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingReliable and efficiently structured, 6029 Fulton St, Mayville, MI, 48744 in Mayville is a conservative rental investment at $215,000. Rental yield 6.44%. A 1.19 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $59,401; $1,980/yr in principal paydown supplements. Total projected return: $64,864.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.4% | 7.0% |
| Monthly Cash Flow | $(265) | $600 |
City averages based on Mayville market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,153 |
| Total Monthly Debt Service | $1,332 |
| DSCR Ratio | 0.87x |
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.
Townhouse
Built in 1885
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48744, Mayville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,055 (100%) |
| Owner Occupied HU | 1,584 (77.1%) |
| Renter Occupied HU | 214 (10.4%) |
| Vacant Housing Units | 257 (12.5%) |
| Median Home Value | $171,774 |
| Average Home Value | $222,188 |
Housing Distribution
Address Breakdown
Residential
1,708
Single Family
1,708
Multi-Family
0
Businesses
70
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
Townhouse
Built in 1885
3,049 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48744, Mayville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,055 (100%) |
| Owner Occupied HU | 1,584 (77.1%) |
| Renter Occupied HU | 214 (10.4%) |
| Vacant Housing Units | 257 (12.5%) |
| Median Home Value | $171,774 |
| Average Home Value | $222,188 |
Housing Distribution
Address Breakdown
Residential
1,708
Single Family
1,708
Multi-Family
0
Businesses
70
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices