849 Hite RdBancroftMI48414
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderFor first-time U.S. investors or those diversifying conservatively, 849 Hite Rd, Bancroft, MI, 48414 in Bancroft offers a clean, manageable entry. Rental yield 7.37%. DSCR 1.37 qualifies for Ziffy Mortgage's no-W2 mortgage for non-U.S. residents. Long-term: 5% annual appreciation projects $88,382 in additional property value over five years, with $2,946/yr in principal equity building ownership stake. Total projected cumulative return: $112,583.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.4% | 7.0% |
| Monthly Cash Flow | $(145) | $400 |
City averages based on Bancroft market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,964 |
| Total Monthly Debt Service | $1,982 |
| 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 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
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 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices