2231 Hughes AveNorton ShoresMI49441
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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 Norton Shores at 2231 Hughes Ave, Norton Shores, MI, 49441 offers a 9.51% rental yield on a $259,900 purchase with $2,059/mo rent. Total monthly income registers $2,059/mo, and a $1,272/mo payment leaves $345/mo available for distribution. Annual cash flow reaches $4,142/yr on $86,157 to close, and return on cash invested stands at 24.72% in year one. Equity gained on principal adds $1,677/yr while 5% annual appreciation supports $71,806 over five years. Portfolio math shows five-year ROI at 129.21% and total cumulative return in cash at $111,322. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,059/mo property income against a $1,272/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1942
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
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Listed by: Elroy W Buckner • RE/MAX West
Mls Name: MichRIC
Mls ID: #25062936