1941 Arbor AveNorton ShoresMI49441
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 Norton Shores at 1941 Arbor Ave, Norton Shores, MI, 49441 earns $1,658/mo cash flow from $3,240/mo rent with a $1,174/mo payment. Total monthly income totals $3,240/mo, and annual cash flow totals $19,898/yr on $79,527 capital. ROI tracks 44.93% on current figures, and rental yield reads 16.21% at a $239,900 purchase. Equity gained on principal adds $1,548/yr, and 5% annual appreciation supports $66,280 over five years. Five-year ROI reaches 237.59% and total cumulative return in cash sums $188,947. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,240/mo property income instead of your personal income.
Single Family
Built in 1957
9,583 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
Listed by: Leigh Lohman • Capstone Real Estate LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #24041006
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2024 MichRIC, LLC. All rights reserved.