943 S Lincoln DrHancockMI49930
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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 943 S Lincoln Dr, Hancock, MI, 49930 offers $1,888/mo rent that, after a $1,268/mo payment, leaves $180/mo cash flow. Total monthly income is $1,888/mo, and annual cash flow is $2,156/yr on $85,859 cash. Return on cash invested measures 22.42% in year one, and rental yield stands at 8.75% at a $259,000 entry. Equity gained on principal adds $1,671/yr while 5% annual appreciation compounds into $71,557 by year five. Five-year ROI records 116.85% and total cumulative return in cash reaches $100,324. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,888/mo property income versus a $1,268/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
4,791 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
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Listed by: KRISTINE WEIDNER (JUKURI) • CENTURY 21 AFFILIATED
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50169556
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