20958 3rd StHancockMI49930
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 20958 3rd St, Hancock, MI, 49930 in Hancock. Priced at $137,000, it generates $2,680/mo in gross rent and $1,776/mo in net monthly cash flow, a 23.47% yield that comfortably supports the 4.35 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $21,314. Five-year appreciation: $37,851. Equity from principal paydown: $1,262/yr. Total projected cumulative return: $166,559.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 23.5% | 7.0% |
| Monthly Cash Flow | $1,776 | $550 |
City averages based on Hancock market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,680 |
| Total Monthly Debt Service | $849 |
| DSCR Ratio | 3.16x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1900
0.34 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
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
Single Family
Built in 1900
0.34 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