1114 Ethel AveHancockMI49930
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
Investment Highlights
Investment property for sale in Hancock at 1114 Ethel Ave, Hancock, MI, 49930 at $309,000 posts ROI 22.48% with $220/mo cash flow from $2,257/mo rent. Total monthly income equals $2,257/mo, and annual cash flow records $2,636/yr on $102,434 to close. Return on cash invested measures 22.48% and rental yield reads 8.77% at the current $309,000. Equity gained on principal adds $1,994/yr, and 5% annual appreciation supports $85,371 by year five. Five-year ROI prints 117.18% and total cumulative return in cash totals $120,029.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,257/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1902
0.50 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: MARK COON • RE/MAX DOUGLASS R.E.-H
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50171313
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.