1495 E Addison WayMuskegonMI49445
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in Muskegon at 1495 E Addison Way, Muskegon, MI, 49445 at $398,900 posts ROI 24.69% with $527/mo cash flow from $3,372/mo rent. Total monthly income equals $3,372/mo, and annual cash flow records $6,322/yr on $132,235 to close. Return on cash invested measures 24.69% and rental yield reads 10.14% at the current $398,900. Equity gained on principal adds $2,574/yr, and 5% annual appreciation supports $110,209 by year five. Five-year ROI prints 129.71% and total cumulative return in cash totals $171,522.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,372/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 2024
N/A lot
$N/A/sqft
$215 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49445, Muskegon, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,170 (100%) |
| Owner Occupied HU | 7,894 (86.1%) |
| Renter Occupied HU | 841 ( 9.2%) |
| Vacant Housing Units | 435 ( 4.7%) |
| Median Home Value | $254,048 |
| Average Home Value | $302,893 |
Housing Distribution
Address Breakdown
Residential
8,798
Single Family
8,584
Multi-Family
214
Businesses
443
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