7541 W Saint Joe HwyMullikenMI48861
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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
Rental property for sale in Mulliken at 7541 W Saint Joe Hwy, Mulliken, MI, 48861 generates $1,688/mo in rent, after a $1,953/mo payment. Total monthly income is $1,688/mo. Return on cash invested sits at 11.35% in year one, and rental yield is 5.08% on a $399,000 entry. Equity gained on principal adds $2,575/yr, while 5% annual appreciation builds toward $110,236 over five years. Five-year ROI reaches 57.48% and total cumulative return in cash sums $76,034. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,688/mo property income rather than buyer’s personal income.
Single Family
Built in 1984
2.34 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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