1283 E Ellis Rd #2, Norton Shores, MI, 49441 | $1,820/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Norton Shores at 1283 E Ellis Rd #2, Norton Shores, MI, 49441 uses $55,080 cash to close to unlock $21,834/yr annual cash flow and $1,820/mo monthly cash flow. Total monthly income runs $3,415/mo, and a $813/mo payment keeps the spread at $1,820/mo. Purchase price stands at $166,155, and rental yield measures 24.66% with $3,415/mo rent. Return on cash invested shows 59.55% in year one, and 5% annual appreciation builds toward $45,906 over five years. Five-year ROI reaches 319.94% and total cumulative return in cash records $176,222. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,415/mo property income covering a $813/mo payment rather than investor’s personal income.

Manufactured

Built in 2023

7,104 sqft lot

$N/A/sqft

$500 monthly 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