1401 Eastwood DrMuskegonMI49442
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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 1401 Eastwood Dr, Muskegon, MI, 49442 generates $2,310/mo in rent and, after a $1,197/mo payment, leaves $697/mo in cash flow. Total monthly income is $2,310/mo, and annual cash flow is $8,368/yr on $81,052 invested. Return on cash invested sits at 30.23% in year one, and rental yield is 11.34% on a $244,500 entry. Equity gained on principal adds $1,578/yr, while 5% annual appreciation builds toward $67,551 over five years. Five-year ROI reaches 158.79% and total cumulative return in cash sums $128,699. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,310/mo property income rather than buyer’s personal income.
Single Family
Built in 1959
10,454 sqft 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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