901 Spruce StHancockMI49930
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
Investment Highlights
Investment property for sale in Hancock at 901 Spruce St, Hancock, MI, 49930 with 5% annual appreciation on a $225,000 basis while $2,491/mo rent supports operations. Total monthly income totals $2,491/mo and a $1,101/mo payment preserves $1,008/mo for cash returns. Annual cash flow comes to $12,090/yr on $74,588 deployed, and return on cash invested reaches 36.12% in year one. Equity gained on principal adds $1,452/yr, and five-year appreciation sums $62,163 alongside rental yield of 13.29%. Five-year ROI measures 190.31% and total cumulative return in cash totals $141,945.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,491/mo property income versus a $1,101/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1955
10,018 sqft 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: GRETCHEN JANSSEN • RE/MAX DOUGLASS R.E.-H
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50153411
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.