2120 Riordan StMuskegon HeightsMI49444
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
Rental property for sale in Muskegon Heights at 2120 Riordan St, Muskegon Heights, MI, 49444 offers $983/mo rent that, after a $636/mo payment, leaves $126/mo cash flow. Total monthly income is $983/mo, and annual cash flow is $1,514/yr on $43,062 cash. Return on cash invested measures 23.42% in year one, and rental yield stands at 9.08% at a $129,900 entry. Equity gained on principal adds $838/yr while 5% annual appreciation compounds into $35,889 by year five. Five-year ROI records 122.32% and total cumulative return in cash reaches $52,675. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $983/mo property income versus a $636/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
0.29 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tim Hrynewich • Five Star Real Estate
Mls Name: MichRIC
Mls Provider:
Mls ID: #25007548
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.