1250 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 1250 Woodridge St, Muskegon, MI, 49442 uses $71,273 cash to close to unlock $2,406/yr annual cash flow and $201/mo monthly cash flow. Total monthly income runs $1,618/mo, and a $1,052/mo payment keeps the spread at $201/mo. Purchase price stands at $215,000, and rental yield measures 9.03% with $1,618/mo rent. Return on cash invested shows 23.28% in year one, and 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 121.51% and total cumulative return in cash records $86,605. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,618/mo property income covering a $1,052/mo payment rather than investor’s personal income.
Single Family
Built in 1994
0.25 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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