3537 N Deer RdSpruceMI48762
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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
Investment property for sale in Spruce at 3537 N Deer Rd, Spruce, MI, 48762 uses $34,808 cash to close to unlock $1,362/yr annual cash flow and $114/mo monthly cash flow. Total monthly income runs $806/mo, and a $514/mo payment keeps the spread at $114/mo. Purchase price stands at $105,000, and rental yield measures 9.21% with $806/mo rent. Return on cash invested shows 23.82% in year one, and 5% annual appreciation builds toward $29,010 over five years. Five-year ROI reaches 124.43% and total cumulative return in cash records $43,310. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $806/mo property income covering a $514/mo payment rather than investor’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48762, Spruce, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,212 (100%) |
| Owner Occupied HU | 454 (37.5%) |
| Renter Occupied HU | 33 ( 2.7%) |
| Vacant Housing Units | 725 (59.8%) |
| Median Home Value | $278,788 |
| Average Home Value | $307,070 |
Housing Distribution
Address Breakdown
Residential
549
Single Family
549
Multi-Family
0
Businesses
24
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