420 N Spencer RdMearsMI49436
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 Mears at 420 N Spencer Rd, Mears, MI, 49436 offers a 9.37% rental yield on a $259,000 purchase with $2,022/mo rent. Total monthly income registers $2,022/mo, and a $1,268/mo payment leaves $314/mo available for distribution. Annual cash flow reaches $3,764/yr on $85,859 to close, and return on cash invested stands at 24.29% in year one. Equity gained on principal adds $1,671/yr while 5% annual appreciation supports $71,557 over five years. Portfolio math shows five-year ROI at 126.9% and total cumulative return in cash at $108,952. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,022/mo property income against a $1,268/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2015
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49436, Mears, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,262 (100%) |
| Owner Occupied HU | 646 (28.6%) |
| Renter Occupied HU | 110 ( 4.9%) |
| Vacant Housing Units | 1,506 (66.6%) |
| Median Home Value | $284,810 |
| Average Home Value | $407,074 |
Housing Distribution
Address Breakdown
Residential
1,156
Single Family
1,156
Multi-Family
0
Businesses
50
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