1059 Lancelot DrMuskegonMI49445
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
Investment Highlights
Investment property for sale in Muskegon at 1059 Lancelot Dr, Muskegon, MI, 49445 offers a 10.85% rental yield on a $314,000 purchase with $2,838/mo rent. Total monthly income registers $2,838/mo, and a $1,537/mo payment leaves $767/mo available for distribution. Annual cash flow reaches $9,206/yr on $104,091 to close, and return on cash invested stands at 28.75% in year one. Equity gained on principal adds $2,026/yr while 5% annual appreciation supports $86,752 over five years. Portfolio math shows five-year ROI at 150.84% and total cumulative return in cash at $157,011. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,838/mo property income against a $1,537/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1968
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49445, Muskegon, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,170 (100%) |
| Owner Occupied HU | 7,894 (86.1%) |
| Renter Occupied HU | 841 ( 9.2%) |
| Vacant Housing Units | 435 ( 4.7%) |
| Median Home Value | $254,048 |
| Average Home Value | $302,893 |
Housing Distribution
Address Breakdown
Residential
8,798
Single Family
8,584
Multi-Family
214
Businesses
443
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
