1173 W Hile RdNorton ShoresMI49441
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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 Norton Shores at 1173 W Hile Rd, Norton Shores, MI, 49441 with 5% annual appreciation on a $269,900 basis while $2,470/mo rent supports operations. Total monthly income totals $2,470/mo and a $1,321/mo payment preserves $690/mo for cash returns. Annual cash flow comes to $8,282/yr on $89,472 deployed, and return on cash invested reaches 29.17% in year one. Equity gained on principal adds $1,742/yr, and five-year appreciation sums $74,568 alongside rental yield of 10.98%. Five-year ROI measures 153.05% and total cumulative return in cash totals $136,938.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,470/mo property income versus a $1,321/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1936
0.65 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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Nearby investment properties with comparable prices
Listed by: Robert L Roggow • RE/MAX SunQuest Realty
Mls Name: MichRIC
Mls Provider:
Mls ID: #24041485
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.