1006 Sprucewood DrGreenvilleMI48838
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 Greenville at 1006 Sprucewood Dr, Greenville, MI, 48838 earns $546/mo cash flow from $2,430/mo rent with a $1,398/mo payment. Total monthly income totals $2,430/mo, and annual cash flow totals $6,557/yr on $94,686 capital. ROI tracks 26.83% on current figures, and rental yield reads 10.21% at a $285,628 purchase. Equity gained on principal adds $1,843/yr, and 5% annual appreciation supports $78,914 over five years. Five-year ROI reaches 140.52% and total cumulative return in cash sums $133,056. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,430/mo property income instead of your personal income.
Single Family
Built in 2004
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48838, Greenville, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,395 (100%) |
| Owner Occupied HU | 6,106 (72.7%) |
| Renter Occupied HU | 1,708 (20.3%) |
| Vacant Housing Units | 581 ( 6.9%) |
| Median Home Value | $241,215 |
| Average Home Value | $271,533 |
Housing Distribution
Address Breakdown
Residential
8,154
Single Family
7,800
Multi-Family
354
Businesses
680
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Nearby investment properties with comparable prices
Listed by: Amanda Green • Five Star Real Estate (Courtland)
Mls Name: MichRIC
Mls Provider:
Mls ID: #25056927
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.