53403 Salo RdHancockMI49930
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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 Hancock at 53403 Salo Rd, Hancock, MI, 49930 listed at $360,000 pairs $3,113/mo rent with a $1,762/mo payment to leave $739/mo cash flow. Total monthly income runs $3,113/mo, and annual cash flow reaches $8,868/yr on $119,340 cash to close. Return on cash invested measures 27.34% in year one, and rental yield registers 10.38% at a $360,000 basis. Equity gained on principal adds $2,323/yr, and annual property appreciation at 5% supports $99,461 by year five. Five-year ROI tracks 143.21% and total cumulative return in cash totals $170,901. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,113/mo property income relative to a $1,762/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1979
10 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
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Listed by: JENNIFER DEEPHOUSE • STATE WIDE OF HOUGHTON
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50155052
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.