11742 Strait RdHanoverMI49241
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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 Hanover at 11742 Strait Rd, Hanover, MI, 49241 listed at $464,900 pairs $3,636/mo rent with a $2,275/mo payment to leave $571/mo cash flow. Total monthly income runs $3,636/mo, and annual cash flow reaches $6,848/yr on $154,114 cash to close. Return on cash invested measures 24.35% in year one, and rental yield registers 9.39% at a $464,900 basis. Equity gained on principal adds $3,000/yr, and annual property appreciation at 5% supports $128,443 by year five. Five-year ROI tracks 127.19% and total cumulative return in cash totals $196,024. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,636/mo property income relative to a $2,275/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1970
9.78 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49241, Hanover, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,006 (100%) |
| Owner Occupied HU | 809 (80.4%) |
| Renter Occupied HU | 103 (10.2%) |
| Vacant Housing Units | 94 ( 9.3%) |
| Median Home Value | $256,694 |
| Average Home Value | $266,950 |
Housing Distribution
Address Breakdown
Residential
778
Single Family
778
Multi-Family
0
Businesses
44
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