51749 N Spruce StHubbellMI49934
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 51749 N Spruce St, Hubbell, MI, 49934 in Hubbell. Priced at $157,500, it generates $2,119/mo in gross rent and $1,081/mo in net monthly cash flow, a 16.15% yield that comfortably supports the 2.99 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $12,967. Five-year appreciation: $43,514. Equity from principal paydown: $1,451/yr. Total projected cumulative return: $129,575.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 16.2% | 7.0% |
| Monthly Cash Flow | $1,081 | $350 |
City averages based on Hubbell market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,119 |
| Total Monthly Debt Service | $976 |
| DSCR Ratio | 2.17x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1860
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49934, Hubbell, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 299 (100%) |
| Owner Occupied HU | 173 (57.9%) |
| Renter Occupied HU | 72 (24.1%) |
| Vacant Housing Units | 54 (18.1%) |
| Median Home Value | $111,574 |
| Average Home Value | $150,014 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
14
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
Single Family
Built in 1860
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49934, Hubbell, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 299 (100%) |
| Owner Occupied HU | 173 (57.9%) |
| Renter Occupied HU | 72 (24.1%) |
| Vacant Housing Units | 54 (18.1%) |
| Median Home Value | $111,574 |
| Average Home Value | $150,014 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
14
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: BRIAN RIMPELA • CENTURY 21 AFFILIATED
Mls Name: Upper Peninsula AOR
Mls Provider:
Mls ID: #50175087
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.