1135 Woodridge 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 1135 Woodridge St, Muskegon, MI, 49442 uses $56,322 cash to close to unlock $6,806/yr annual cash flow and $567/mo monthly cash flow. Total monthly income runs $1,688/mo, and a $832/mo payment keeps the spread at $567/mo. Purchase price stands at $169,900, and rental yield measures 11.92% with $1,688/mo rent. Return on cash invested shows 31.99% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 168.26% and total cumulative return in cash records $94,766. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,688/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1955
0.37 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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