9503 Vernon 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 9503 Vernon Rd, Bancroft, MI, 48414 listed at $287,500 pairs $2,527/mo rent with a $1,407/mo payment to leave $631/mo cash flow. Total monthly income runs $2,527/mo, and annual cash flow reaches $7,575/yr on $95,306 cash to close. Return on cash invested measures 27.86% in year one, and rental yield registers 10.55% at a $287,500 basis. Equity gained on principal adds $1,855/yr, and annual property appreciation at 5% supports $79,431 by year five. Five-year ROI tracks 146.03% and total cumulative return in cash totals $139,175. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,527/mo property income relative to a $1,407/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1980
0.60 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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