190 N Spruce StGwinnMI49841
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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 Gwinn at 190 N Spruce St, Gwinn, MI, 49841 priced at $219,900 converts $1,862/mo rent into $412/mo cash flow after a $1,076/mo obligation. Total monthly income equals $1,862/mo, and annual cash flow totals $4,946/yr on $72,897 invested. Return on cash invested prints 26.69% in year one, and rental yield reads 10.16% against a $219,900 entry. Equity gained on principal adds $1,419/yr, while 5% annual appreciation compiles into $60,754 by year five. Five-year ROI reaches 139.81% and total cumulative return in cash sums $101,920. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,862/mo property income covering a $1,076/mo payment, not borrower’s personal income.
Single Family
Built in 1909
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49841, Gwinn, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,101 (100%) |
| Owner Occupied HU | 2,051 (50.0%) |
| Renter Occupied HU | 1,197 (29.2%) |
| Vacant Housing Units | 853 (20.8%) |
| Median Home Value | $200,129 |
| Average Home Value | $233,729 |
Housing Distribution
Address Breakdown
Residential
2,917
Single Family
2,861
Multi-Family
56
Businesses
157
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Listed by: TRACY HENRIKSEN • RE/MAX 1ST REALTY
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50169555
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.