1105 Minnesota StHancockMI49930
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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 Hancock at 1105 Minnesota St, Hancock, MI, 49930 generates $1,762/mo in rent and, after a $1,248/mo payment, leaves $81/mo in cash flow. Total monthly income is $1,762/mo, and annual cash flow is $966/yr on $84,533 invested. Return on cash invested sits at 21.05% in year one, and rental yield is 8.29% on a $255,000 entry. Equity gained on principal adds $1,645/yr, while 5% annual appreciation builds toward $70,452 over five years. Five-year ROI reaches 109.53% and total cumulative return in cash sums $92,588. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,762/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49930, Hancock, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,544 (100%) |
| Owner Occupied HU | 1,906 (53.8%) |
| Renter Occupied HU | 1,046 (29.5%) |
| Vacant Housing Units | 592 (16.7%) |
| Median Home Value | $200,778 |
| Average Home Value | $227,817 |
Housing Distribution
Address Breakdown
Residential
3,153
Single Family
2,834
Multi-Family
319
Businesses
353
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