9720 Baldwin Rd #11BridgmanMI49106
INVESTMENT ANALYSIS
Investment Verdict
Income-Producing9720 Baldwin Rd #11, Bridgman, MI, 49106 in Bridgman is a stable, well-positioned rental at $299,000. Rental yield 6.74%. DSCR 1.25 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $82,608 in value and $2,754/yr in principal paydown builds equity, a total projected return of $95,124.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.7% | 7.0% |
| Monthly Cash Flow | $(379) | $850 |
City averages based on Bridgman market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,679 |
| Total Monthly Debt Service | $1,853 |
| DSCR Ratio | 0.91x |
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.
Condo
Built in 2019
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49106, Bridgman, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,220 (100%) |
| Owner Occupied HU | 1,461 (65.8%) |
| Renter Occupied HU | 372 (16.8%) |
| Vacant Housing Units | 387 (17.4%) |
| Median Home Value | $296,944 |
| Average Home Value | $355,914 |
Housing Distribution
Address Breakdown
Residential
2,215
Single Family
2,066
Multi-Family
149
Businesses
156
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
Condo
Built in 2019
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49106, Bridgman, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,220 (100%) |
| Owner Occupied HU | 1,461 (65.8%) |
| Renter Occupied HU | 372 (16.8%) |
| Vacant Housing Units | 387 (17.4%) |
| Median Home Value | $296,944 |
| Average Home Value | $355,914 |
Housing Distribution
Address Breakdown
Residential
2,215
Single Family
2,066
Multi-Family
149
Businesses
156
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices