2116 McIlwraith StMuskegon HeightsMI49444
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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 Muskegon Heights at 2116 McIlwraith St, Muskegon Heights, MI, 49444 uses $52,709 cash to close to unlock $2,252/yr annual cash flow and $188/mo monthly cash flow. Total monthly income runs $1,236/mo, and a $778/mo payment keeps the spread at $188/mo. Purchase price stands at $159,000, and rental yield measures 9.33% with $1,236/mo rent. Return on cash invested shows 24.18% in year one, and 5% annual appreciation builds toward $43,929 over five years. Five-year ROI reaches 126.29% and total cumulative return in cash records $66,564. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,236/mo property income covering a $778/mo payment rather than investor’s personal income.
Manufactured
Built in 1992
0.43 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: Veronika Anderson • RE/MAX West
Mls Name: MichRIC
Mls ID: #25046206