2298 Norcrest Dr, Norton Shores, MI, 49441 | $351/mo Cash Flow

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Norton Shores at 2298 Norcrest Dr, Norton Shores, MI, 49441 offers a 8.98% rental yield on a $408,000 purchase with $3,054/mo rent. Total monthly income registers $3,054/mo, and a $1,997/mo payment leaves $351/mo available for distribution. Annual cash flow reaches $4,211/yr on $135,252 to close, and return on cash invested stands at 23.02% in year one. Equity gained on principal adds $2,633/yr while 5% annual appreciation supports $112,723 over five years. Portfolio math shows five-year ROI at 120.11% and total cumulative return in cash at $162,451. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,054/mo property income against a $1,997/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1973

0.32 Acres lot

$N/A/sqft

$150 annually 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