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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Investment Properties for Sale in Spruce, MI
$ 195,000
ROI
25.6
Cash Flow/m
315- 2 Bed
- 1 Bath
- 1300 sft
303 W Nancy St, Spruce, MI, 48762
$ 175,000
ROI
24.9Cash Flow/m
252- 2 Bed
- 1 Bath
- 1250 sft
2011 E Swede Rd, Spruce, MI, 48762
$ 190,000
ROI
23.3Cash Flow/m
189- 2 Bed
- 2 Bath
- 1440 sft
304 W Deer Rd, Spruce, MI, 48762
$ 330,000
ROI
31.7Cash Flow/m
1100- 4 Bed
- 3 Bath
- 3094 sft
14577 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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