356 Spruce StMount MorrisMI48458
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
Rental property for sale in Mount Morris at 356 Spruce St, Mount Morris, MI, 48458 offers $1,078/mo rent that, after a $489/mo payment, leaves $419/mo cash flow. Total monthly income is $1,078/mo, and annual cash flow is $5,028/yr on $33,150 cash. Return on cash invested measures 35.08% in year one, and rental yield stands at 12.94% at a $100,000 entry. Equity gained on principal adds $645/yr while 5% annual appreciation compounds into $27,628 by year five. Five-year ROI records 184.7% and total cumulative return in cash reaches $61,228. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,078/mo property income versus a $489/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48458, Mount Morris, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,202 (100%) |
| Owner Occupied HU | 5,702 (62.0%) |
| Renter Occupied HU | 2,454 (26.7%) |
| Vacant Housing Units | 1,046 (11.4%) |
| Median Home Value | $111,359 |
| Average Home Value | $156,507 |
Housing Distribution
Address Breakdown
Residential
8,037
Single Family
6,871
Multi-Family
1,166
Businesses
312
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Listed by: Lynn M Mattila • Keller Williams First
Mls Name: Realcomp II
Mls ID: #20251011466