567 W Spruce RdSanfordMI48657
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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 Sanford at 567 W Spruce Rd, Sanford, MI, 48657 with 5% annual appreciation on a $355,500 basis while $2,608/mo rent supports operations. Total monthly income totals $2,608/mo and a $1,740/mo payment preserves $264/mo for cash returns. Annual cash flow comes to $3,164/yr on $117,848 deployed, and return on cash invested reaches 22.59% in year one. Equity gained on principal adds $2,294/yr, and five-year appreciation sums $98,218 alongside rental yield of 8.8%. Five-year ROI measures 117.78% and total cumulative return in cash totals $138,805.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,608/mo property income versus a $1,740/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2002
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48657, Sanford, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,698 (100%) |
| Owner Occupied HU | 3,015 (81.5%) |
| Renter Occupied HU | 372 (10.1%) |
| Vacant Housing Units | 311 ( 8.4%) |
| Median Home Value | $222,548 |
| Average Home Value | $272,885 |
Housing Distribution
Address Breakdown
Residential
3,522
Single Family
3,522
Multi-Family
0
Businesses
159
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Listed by: Christina Reimer • RE/MAX of Midland
Mls Name: MIDMLS
Mls Provider:
Mls ID: #50174254
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.