849 Hite RdBancroftMI48414
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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 Bancroft at 849 Hite Rd, Bancroft, MI, 48414 offers a 7.37% rental yield on a $319,900 purchase with $1,964/mo rent. 26% in year one. Equity gained on principal adds $2,064/yr while 5% annual appreciation supports $88,382 over five years. Portfolio math shows five-year ROI at 94.57% and total cumulative return in cash at $100,292. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,964/mo property income against a $1,566/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
1.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48414, Bancroft, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 991 (100%) |
| Owner Occupied HU | 825 (83.2%) |
| Renter Occupied HU | 75 ( 7.6%) |
| Vacant Housing Units | 91 ( 9.2%) |
| Median Home Value | $225,208 |
| Average Home Value | $250,770 |
Housing Distribution
Address Breakdown
Residential
883
Single Family
883
Multi-Family
0
Businesses
22
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