9871 Spruce StBay PortMI48720
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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 Bay Port at 9871 Spruce St, Bay Port, MI, 48720 earns $157/mo cash flow from $1,112/mo rent with a $709/mo payment. Total monthly income totals $1,112/mo, and annual cash flow totals $1,880/yr on $48,034 capital. ROI tracks 23.82% on current figures, and rental yield reads 9.21% at a $144,900 purchase. Equity gained on principal adds $935/yr, and 5% annual appreciation supports $40,033 over five years. Five-year ROI reaches 124.39% and total cumulative return in cash sums $59,749. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,112/mo property income instead of your personal income.
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
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