1003 Hancock StSaginawMI48602
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
- 4 Bed
- 2 Bath
- 1912 sft
- 3 Bed
- 1 Bath
- 960 sft
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 Saginaw at 1003 Hancock St, Saginaw, MI, 48602 generates $944/mo in rent and, after a $660/mo payment, leaves $55/mo in cash flow. Total monthly income is $944/mo, and annual cash flow is $656/yr on $44,719 invested. Return on cash invested sits at 21.38% in year one, and rental yield is 8.4% on a $134,900 entry. Equity gained on principal adds $870/yr, while 5% annual appreciation builds toward $37,270 over five years. Five-year ROI reaches 111.27% and total cumulative return in cash sums $49,757. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $944/mo property income rather than buyer’s personal income.
Multi Family
Built in 1940
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48602, Saginaw, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,574 (100%) |
| Owner Occupied HU | 7,156 (56.9%) |
| Renter Occupied HU | 4,155 (33.0%) |
| Vacant Housing Units | 1,263 (10.0%) |
| Median Home Value | $67,882 |
| Average Home Value | $111,072 |
Housing Distribution
Address Breakdown
Residential
11,736
Single Family
11,179
Multi-Family
557
Businesses
693
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
- 4 Bed
- 2 Bath
- 1912 sft
- 3 Bed
- 1 Bath
- 960 sft