1510 Canterbury AveNorton ShoresMI49444
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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
Investment property for sale in Norton Shores at 1510 Canterbury Ave, Norton Shores, MI, 49444 uses $76,212 cash to close to unlock $3,686/yr annual cash flow and $307/mo monthly cash flow. Total monthly income runs $1,823/mo, and a $1,125/mo payment keeps the spread at $307/mo. Purchase price stands at $229,900, and rental yield measures 9.52% with $1,823/mo rent. Return on cash invested shows 24.75% in year one, and 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 129.36% and total cumulative return in cash records $98,591. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,823/mo property income covering a $1,125/mo payment rather than investor’s personal income.
Single Family
Built in 1956
0.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49444, Muskegon, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,384 (100%) |
| Owner Occupied HU | 8,071 (65.2%) |
| Renter Occupied HU | 3,280 (26.5%) |
| Vacant Housing Units | 1,033 ( 8.3%) |
| Median Home Value | $195,663 |
| Average Home Value | $213,914 |
Housing Distribution
Address Breakdown
Residential
11,040
Single Family
9,966
Multi-Family
1,074
Businesses
1,088
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Listed by: David Stark • Stark Real Estate
Mls Name: MichRIC
Mls ID: #25048707