9871 Spruce StBay PortMI48720
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 9871 Spruce St, Bay Port, MI, 48720 in Bay Port at $144,900 earns $1,112/mo in rent and nets $156/mo after the $652/mo payment, a 9.21% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $40,033 over five years. Ziffy Mortgage underwrites this on a 1.71 DSCR without U.S. credit history. With $1,335/yr in principal paydown, total projected return reaches $65,257.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 6.0% |
| Monthly Cash Flow | $156 | $800 |
City averages based on Bay Port market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,112 |
| Total Monthly Debt Service | $898 |
| DSCR Ratio | 1.24x |
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 1930
0.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48720, Bay Port, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 589 (100%) |
| Owner Occupied HU | 373 (63.3%) |
| Renter Occupied HU | 77 (13.1%) |
| Vacant Housing Units | 139 (23.6%) |
| Median Home Value | $156,250 |
| Average Home Value | $204,169 |
Housing Distribution
Address Breakdown
Residential
423
Single Family
423
Multi-Family
0
Businesses
23
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 1930
0.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 48720, Bay Port, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 589 (100%) |
| Owner Occupied HU | 373 (63.3%) |
| Renter Occupied HU | 77 (13.1%) |
| Vacant Housing Units | 139 (23.6%) |
| Median Home Value | $156,250 |
| Average Home Value | $204,169 |
Housing Distribution
Address Breakdown
Residential
423
Single Family
423
Multi-Family
0
Businesses
23
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices