610 Cliff StHancockMI49930
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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
Rental property for sale in Hancock at 610 Cliff St, Hancock, MI, 49930 priced at $249,900 converts $2,060/mo rent into $412/mo cash flow after a $1,223/mo obligation. Total monthly income equals $2,060/mo, and annual cash flow totals $4,946/yr on $82,842 invested. Return on cash invested prints 25.88% in year one, and rental yield reads 9.89% against a $249,900 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,043 by year five. Five-year ROI reaches 135.44% and total cumulative return in cash sums $112,202. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,060/mo property income covering a $1,223/mo payment, not borrower’s personal income.
Single Family
Built in 2009
0.32 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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