1520 Beach StMuskegonMI49441
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 1520 Beach St, Muskegon, MI, 49441 in Muskegon is capital appreciation. Rental yield 4.19%. The 4.19% gross yield at $478,777 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $132,277 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (0.78) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $86,562.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.2% | 8.0% |
| Monthly Cash Flow | $(1,490) | $1,200 |
City averages based on Muskegon market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,672 |
| Total Monthly Debt Service | $2,972 |
| DSCR Ratio | 0.56x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1800
6,534 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
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
Single Family
Built in 1800
6,534 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
