956 Pequot LnHopeMI48628
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 956 Pequot Ln, Hope, MI, 48628 in Hope at $148,900 earns $1,151/mo in rent and nets $169/mo after the $670/mo payment, a 9.28% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $41,138 over five years. Ziffy Mortgage underwrites this on a 1.72 DSCR without U.S. credit history. With $1,371/yr in principal paydown, total projected return reaches $67,579.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 7.0% |
| Monthly Cash Flow | $169 | $850 |
City averages based on Hope market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,151 |
| Total Monthly Debt Service | $923 |
| DSCR Ratio | 1.25x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
Manufactured
Built in 1980
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48628, Hope, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,133 (100%) |
| Owner Occupied HU | 792 (69.9%) |
| Renter Occupied HU | 58 ( 5.1%) |
| Vacant Housing Units | 283 (25.0%) |
| Median Home Value | $205,263 |
| Average Home Value | $253,302 |
Housing Distribution
Address Breakdown
Residential
963
Single Family
945
Multi-Family
18
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
Manufactured
Built in 1980
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48628, Hope, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,133 (100%) |
| Owner Occupied HU | 792 (69.9%) |
| Renter Occupied HU | 58 ( 5.1%) |
| Vacant Housing Units | 283 (25.0%) |
| Median Home Value | $205,263 |
| Average Home Value | $253,302 |
Housing Distribution
Address Breakdown
Residential
963
Single Family
945
Multi-Family
18
Businesses
22
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lacey Mapes • RE/MAX of Midland
Mls Name: MIDMLS
Mls Provider:
Mls ID: #50149369
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.