215 S Hancock St #1PentwaterMI49449
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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
Total monthly income runs $2,280/mo, and a $3,671/mo payment. Purchase price stands at $750,000, and rental yield measures 3.65% with $2,280/mo rent. Return on cash invested shows 6.49% in year one, and 5% annual appreciation builds toward $207,211 over five years. Five-year ROI reaches 31.58% and total cumulative return in cash records $77,922. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,280/mo property income covering a $3,671/mo payment rather than investor’s personal income.
Condo
Built in 1927
N/A lot
$N/A/sqft
$125 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49449, Pentwater, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,698 (100%) |
| Owner Occupied HU | 1,193 (44.2%) |
| Renter Occupied HU | 132 ( 4.9%) |
| Vacant Housing Units | 1,373 (50.9%) |
| Median Home Value | $310,494 |
| Average Home Value | $372,414 |
Housing Distribution
Address Breakdown
Residential
1,433
Single Family
1,425
Multi-Family
8
Businesses
105
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