3825 Spruce DrLewistonMI49756
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 Lewiston at 3825 Spruce Dr, Lewiston, MI, 49756 priced at $235,900 pairs $1,781/mo rent with $225/mo cash flow after a $1,155/mo payment. Total monthly income equals $1,781/mo, and annual cash flow comes to $2,700/yr on $78,201 invested. Return on cash invested is 23.36% in year one, and rental yield stands at 9.06% on a $235,900 basis. Equity gained on principal adds $1,522/yr, and 5% annual appreciation accumulates to $65,175 by year five. Five-year ROI measures 121.88% and total cumulative return in cash reaches $95,315. For financing, Ziffy Mortgage’s DSCR program evaluates $1,781/mo property income against a $1,155/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49756, Lewiston, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,461 (100%) |
| Owner Occupied HU | 1,726 (38.7%) |
| Renter Occupied HU | 227 ( 5.1%) |
| Vacant Housing Units | 2,508 (56.2%) |
| Median Home Value | $218,037 |
| Average Home Value | $232,378 |
Housing Distribution
Address Breakdown
Residential
2,143
Single Family
2,101
Multi-Family
42
Businesses
109
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