1283 E Ellis Rd #18Norton 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
Rental property for sale in Norton Shores at 1283 E Ellis Rd #18, Norton Shores, MI, 49441 generates $1,059/mo in rent and, after a $685/mo payment, leaves $136/mo in cash flow. Total monthly income is $1,059/mo, and annual cash flow is $1,634/yr on $46,377 invested. Return on cash invested sits at 23.43% in year one, and rental yield is 9.08% on a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 122.34% and total cumulative return in cash sums $56,739. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,059/mo property income rather than buyer’s personal income.
Manufactured
Built in 2025
N/A 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: Brock Edward Carlston • Nexes Realty Muskegon
Mls Name: MichRIC
Mls ID: #25045561