1137 Summit 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
Investment property for sale in Hancock at 1137 Summit St, Hancock, MI, 49930 uses $76,245 cash to close to unlock $6,612/yr annual cash flow and $551/mo monthly cash flow. Total monthly income runs $2,068/mo, and a $1,126/mo payment keeps the spread at $551/mo. Purchase price stands at $230,000, and rental yield measures 10.79% with $2,068/mo rent. Return on cash invested shows 28.58% in year one, and 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 149.86% and total cumulative return in cash records $114,259. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,068/mo property income covering a $1,126/mo payment rather than investor’s personal income.
Single Family
Built in 1945
4,791 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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