520 S Jackson StHanoverMI49241
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderFor first-time U.S. investors or those diversifying conservatively, 520 S Jackson St, Hanover, MI, 49241 in Hanover offers a clean, manageable entry. Rental yield 7.39%. DSCR 1.37 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $173,781 in additional property value over five years, with $5,793/yr in principal equity building ownership stake. Total projected cumulative return: $221,895.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.4% | 7.5% |
| Monthly Cash Flow | $(276) | $450 |
City averages based on Hanover market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,872 |
| Total Monthly Debt Service | $3,898 |
| DSCR Ratio | 0.99x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 2001
12.60 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
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 2001
12.60 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
