6131 N F41SpruceMI48762
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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 Spruce at 6131 N F41, Spruce, MI, 48762 offers a 0% rental yield on a $119,000 purchase with $0/mo rent. 95% in year one. Equity gained on principal adds $768/yr while 5% annual appreciation supports $32,878 over five years. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $0/mo property income against a $582/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
0.34 Acres 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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No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Jonathon Allen Klukowski • Forty Five North Real Estate
Mls Name: WWMLS
Mls Provider:
Mls ID: #201834618
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