1240 E 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 1240 E Hile Rd, Norton Shores, MI, 49441 listed at $194,900 pairs $1,408/mo rent with a $954/mo payment to leave $123/mo cash flow. Total monthly income runs $1,408/mo, and annual cash flow reaches $1,472/yr on $64,609 cash to close. Return on cash invested measures 22.19% in year one, and rental yield registers 8.67% 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 115.6% and total cumulative return in cash totals $74,691. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,408/mo property income relative to a $954/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1936
0.26 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: Stacey Rea • Real Broker, LLC
Mls Name: MichRIC
Mls ID: #25061987