1301 W Broadway AveMuskegonMI49441
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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 Muskegon at 1301 W Broadway Ave, Muskegon, MI, 49441 priced at $234,900 pairs $3,122/mo rent with $1,573/mo cash flow after a $1,150/mo payment. Total monthly income equals $3,122/mo, and annual cash flow comes to $18,872/yr on $77,869 invested. Return on cash invested is 44.14% in year one, and rental yield stands at 15.95% on a $234,900 basis. Equity gained on principal adds $1,516/yr, and 5% annual appreciation accumulates to $64,899 by year five. Five-year ROI measures 233.34% and total cumulative return in cash reaches $181,701. For financing, Ziffy Mortgage’s DSCR program evaluates $3,122/mo property income against a $1,150/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1962
8,276 sqft 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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