1973 N Spruce AveWhite CloudMI49349
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis White Cloud rental at 1973 N Spruce Ave, White Cloud, MI, 49349 sits in the solid-income band: 8.79% gross yield, $2,965/mo rent, $294/mo net after the $1,821/mo debt service, DSCR 1.63. Entry price of $405,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $111,894 and $3,730/yr in principal reduction bring total cumulative return to $173,239.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.8% | 7.2% |
| Monthly Cash Flow | $294 | $350 |
City averages based on White Cloud market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,965 |
| Total Monthly Debt Service | $2,510 |
| DSCR Ratio | 1.18x |
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.
Single Family
Built in 2005
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49349, White Cloud, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,334 (100%) |
| Owner Occupied HU | 2,768 (63.9%) |
| Renter Occupied HU | 512 (11.8%) |
| Vacant Housing Units | 1,054 (24.3%) |
| Median Home Value | $179,401 |
| Average Home Value | $243,816 |
Housing Distribution
Address Breakdown
Residential
3,390
Single Family
3,303
Multi-Family
87
Businesses
131
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
Single Family
Built in 2005
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49349, White Cloud, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,334 (100%) |
| Owner Occupied HU | 2,768 (63.9%) |
| Renter Occupied HU | 512 (11.8%) |
| Vacant Housing Units | 1,054 (24.3%) |
| Median Home Value | $179,401 |
| Average Home Value | $243,816 |
Housing Distribution
Address Breakdown
Residential
3,390
Single Family
3,303
Multi-Family
87
Businesses
131
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joseph McNally • RE/MAX TOGETHER
Mls Name: MichRIC
Mls Provider:
Mls ID: #25038817
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.