4447 Detroit StSpruceMI48762
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 Spruce at 4447 Detroit St, Spruce, MI, 48762 at $365,400 posts ROI 7.51% with from $1,158/mo rent. Total monthly income equals $1,158/mo. Return on cash invested measures 7.51% and rental yield reads 3.8% at the current $365,400. Equity gained on principal adds $2,358/yr, and 5% annual appreciation supports $100,953 by year five. Five-year ROI prints 36.9% and total cumulative return in cash totals $44,701. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,158/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1935
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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Nearby investment properties with comparable prices
