6406 N F #41SpruceMI48762
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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 6406 N F #41, Spruce, MI, 48762 earns $431/mo cash flow from $1,496/mo rent with a $790/mo payment. Total monthly income totals $1,496/mo, and annual cash flow totals $5,177/yr on $53,537 capital. ROI tracks 29.58% on current figures, and rental yield reads 11.12% at a $161,500 purchase. Equity gained on principal adds $1,042/yr, and 5% annual appreciation supports $44,619 over five years. Five-year ROI reaches 155.29% and total cumulative return in cash sums $83,140. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,496/mo property income instead of your personal income.
Single Family
Built in N/A
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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