1062 Walnut Grove DrMuskegonMI49441
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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 Muskegon at 1062 Walnut Grove Dr, Muskegon, MI, 49441 with 5% annual appreciation on a $180,000 basis while $1,652/mo rent supports operations. Total monthly income totals $1,652/mo and a $881/mo payment preserves $255/mo for cash returns. Annual cash flow comes to $3,060/yr on $59,670 deployed, and return on cash invested reaches 25.04% in year one. Equity gained on principal adds $1,162/yr, and five-year appreciation sums $49,731 alongside rental yield of 11.01%. Five-year ROI measures 132.42% and total cumulative return in cash totals $79,013.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,652/mo property income versus a $881/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1988
1,306 sqft lot
$N/A/sqft
$630 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49441, Muskegon, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,684 (100%) |
| Owner Occupied HU | 12,131 (72.7%) |
| Renter Occupied HU | 3,405 (20.4%) |
| Vacant Housing Units | 1,148 ( 6.9%) |
| Median Home Value | $218,233 |
| Average Home Value | $257,061 |
Housing Distribution
Address Breakdown
Residential
16,562
Single Family
14,651
Multi-Family
1,911
Businesses
889
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