1083 Morningside StMuskegonMI49442
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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 1083 Morningside St, Muskegon, MI, 49442 listed at $194,900 pairs $1,469/mo rent with a $954/mo payment to leave $184/mo cash flow. Total monthly income runs $1,469/mo, and annual cash flow reaches $2,204/yr on $64,609 cash to close. Return on cash invested measures 23.32% in year one, and rental yield registers 9.04% at a $194,900 basis. Equity gained on principal adds $1,258/yr, and annual property appreciation at 5% supports $53,847 by year five. Five-year ROI tracks 121.7% and total cumulative return in cash totals $78,627. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,469/mo property income relative to a $954/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1943
0.71 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49442, Muskegon, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,983 (100%) |
| Owner Occupied HU | 11,457 (63.7%) |
| Renter Occupied HU | 5,476 (30.5%) |
| Vacant Housing Units | 1,050 ( 5.8%) |
| Median Home Value | $154,938 |
| Average Home Value | $173,213 |
Housing Distribution
Address Breakdown
Residential
17,334
Single Family
14,290
Multi-Family
3,044
Businesses
817
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