Investment Properties for Sale in Spruce, MI
$ 225,000
ROI
23.5
Cash Flow/m
237- 3 Bed
- 2 Bath
- 1610 sft
265 Old Trail Dr, Spruce, MI, 48762
$ 115,000
ROI
25.0Cash Flow/m
167- 3 Bed
- 1 Bath
- 1409 sft
413 W Main St, Spruce, MI, 48762
$ 130,000
ROI
23.6Cash Flow/m
140- 2 Bed
- 1 Bath
- 1224 sft
1385 N Hubbard Lake Rd, Spruce, MI, 48762
Fix & Flip
$ 147,250
ROI
24.6Cash Flow/m
197- 3 Bed
- 1 Bath
- 1380 sft
6606 N Us Highway 23, Spruce, MI, 48762
Why Invest in Spruce, Michigan?
Spruce, MI offers investors unique opportunities in a growing local market. With a solid average ROI of 6% and a rental yield of 7%, properties here present attractive income streams. The cap rate stands firm at 5%, reflecting steady demand in rental housing, while average monthly rents hover around $1,200. Appreciation rates near 3% annually complement healthy cash flows, making Spruce a compelling choice for both new and seasoned real estate investors.
6%
Avg. ROI
7%
Rental Yield
5%
Cap Rate
$300/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
The average rental yield in Spruce is about 7%, making it a promising location for rental property investors.
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