1146 Summit StHancockMI49930
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
Rental property for sale in Hancock at 1146 Summit St, Hancock, MI, 49930 priced at $185,000 pairs $1,441/mo rent with $222/mo cash flow after a $905/mo payment. Total monthly income equals $1,441/mo, and annual cash flow comes to $2,658/yr on $61,328 invested. Return on cash invested is 24.24% in year one, and rental yield stands at 9.35% on a $185,000 basis. Equity gained on principal adds $1,194/yr, and 5% annual appreciation accumulates to $51,112 by year five. Five-year ROI measures 126.66% and total cumulative return in cash reaches $77,679. For financing, Ziffy Mortgage’s DSCR program evaluates $1,441/mo property income against a $905/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1935
5,227 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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Listed by: GEORGE NEWMAN • SUPERIOR PROPERTIES -REAL ESTATE SALES AND RENTALS
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50170817
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