205 McConnell AveMuskegonMI49445
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 205 McConnell Ave, Muskegon, MI, 49445 uses $109,395 cash to close to unlock $1,692/yr annual cash flow and $141/mo monthly cash flow. Total monthly income runs $2,317/mo, and a $1,615/mo payment keeps the spread at $141/mo. Purchase price stands at $330,000, and rental yield measures 8.43% with $2,317/mo rent. Return on cash invested shows 21.46% in year one, and 5% annual appreciation builds toward $91,173 over five years. Five-year ROI reaches 111.66% and total cumulative return in cash records $122,147. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,317/mo property income covering a $1,615/mo payment rather than investor’s personal income.
Single Family
Built in 2001
8,712 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices