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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Single Family Investment Properties for Sale in Spruce, MI
Fix & Flip
$ 147,250
ROI
24.6
Cash Flow/m
197- 3 Bed
- 1 Bath
- 1380 sft
6606 N Us Highway 23, Spruce, MI, 48762
$ 195,000
ROI
25.6Cash Flow/m
315- 2 Bed
- 1 Bath
- 1300 sft
303 W Nancy St, Spruce, MI, 48762
$ 175,000
ROI
23.8Cash Flow/m
195- 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
Why Invest in Spruce, Michigan?
Investing in single-family homes in Spruce, MI offers a unique opportunity for stable cash flow and moderate appreciation. The market shows an average ROI of 6%, with rental yields close to 8%, making it attractive compared to other Michigan cities. Cap rates remain healthy around 7%, supporting strong investor cash flow. Spruce's renter-occupied rate is about 45%, indicating a balanced demand for rental properties. Its proximity to economic hubs contributes to steady rental demand and property appreciation.
6%
Avg. ROI
8%
Rental Yield
7%
Cap Rate
$750/mo
Avg. Cash Flow
$1200/mo
Avg. Rent
3.5%
1Y Appreciation
Frequently Asked Questions
The average ROI for single-family homes in Spruce, MI is approximately 6%, reflecting a healthy balance of rental yields and property appreciation.
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