1234 Scenic DrMuskegonMI49445
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
Rental property for sale in Muskegon at 1234 Scenic Dr, Muskegon, MI, 49445 generates $5,213/mo in rent and, after a $2,324/mo payment, leaves $2,082/mo in cash flow. Total monthly income is $5,213/mo, and annual cash flow is $24,980/yr on $157,429 invested. Return on cash invested sits at 35.78% in year one, and rental yield is 13.17% on a $474,900 entry. Equity gained on principal adds $3,064/yr, while 5% annual appreciation builds toward $131,206 over five years. Five-year ROI reaches 188.46% and total cumulative return in cash sums $296,687. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,213/mo property income rather than buyer’s personal income.
Single Family
Built in 1994
1.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49445, Muskegon, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,170 (100%) |
| Owner Occupied HU | 7,894 (86.1%) |
| Renter Occupied HU | 841 ( 9.2%) |
| Vacant Housing Units | 435 ( 4.7%) |
| Median Home Value | $254,048 |
| Average Home Value | $302,893 |
Housing Distribution
Address Breakdown
Residential
8,798
Single Family
8,584
Multi-Family
214
Businesses
443
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