1283 E Ellis Rd #39, Norton Shores, MI, 49441 | $685/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 #39, Norton Shores, MI, 49441 uses $56,322 cash to close to unlock $8,222/yr annual cash flow and $685/mo monthly cash flow. Total monthly income runs $2,381/mo, and a $832/mo payment keeps the spread at $685/mo. Purchase price stands at $169,900, and rental yield measures 16.82% with $2,381/mo rent. Return on cash invested shows 34.51% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 186.18% and total cumulative return in cash records $104,858. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,381/mo property income covering a $832/mo payment rather than investor’s personal income.

Manufactured

Built in 2023

7,104 sqft lot

$N/A/sqft

$575 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