315 E Spruce StMarshallMI49068
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 Marshall at 315 E Spruce St, Marshall, MI, 49068 offers a 9.82% rental yield on a $135,000 purchase with $1,105/mo rent. Total monthly income registers $1,105/mo, and a $661/mo payment leaves $215/mo available for distribution. Annual cash flow reaches $2,574/yr on $44,753 to close, and return on cash invested stands at 25.66% in year one. Equity gained on principal adds $871/yr while 5% annual appreciation supports $37,298 over five years. Portfolio math shows five-year ROI at 134.29% and total cumulative return in cash at $60,097. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,105/mo property income against a $661/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1932
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49068, Marshall, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,616 (100%) |
| Owner Occupied HU | 4,852 (73.3%) |
| Renter Occupied HU | 1,266 (19.1%) |
| Vacant Housing Units | 498 ( 7.5%) |
| Median Home Value | $244,101 |
| Average Home Value | $290,968 |
Housing Distribution
Address Breakdown
Residential
6,420
Single Family
5,886
Multi-Family
534
Businesses
563
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