1147 E Byron RdNorton ShoresMI49441
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 Norton Shores at 1147 E Byron Rd, Norton Shores, MI, 49441 earns $632/mo cash flow from $2,231/mo rent with a $1,187/mo payment. Total monthly income totals $2,231/mo, and annual cash flow totals $7,581/yr on $80,389 capital. ROI tracks 29.34% on current figures, and rental yield reads 11.04% at a $242,500 purchase. Equity gained on principal adds $1,565/yr, and 5% annual appreciation supports $66,998 over five years. Five-year ROI reaches 153.96% and total cumulative return in cash sums $123,763. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,231/mo property income instead of your personal income.
Single Family
Built in 1950
0.35 Acres lot
$N/A/sqft
No 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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Listed by: Steven Vanderwerp • HomeRealty, LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #25042028
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.