2332 Lincoln Park DrNorton 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
Rental property for sale in Norton Shores at 2332 Lincoln Park Dr, Norton Shores, MI, 49441 priced at $299,000 converts $2,413/mo rent into $442/mo cash flow after a $1,463/mo obligation. Total monthly income equals $2,413/mo, and annual cash flow totals $5,300/yr on $99,119 invested. Return on cash invested prints 25.26% in year one, and rental yield reads 9.68% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 132.05% and total cumulative return in cash sums $130,882. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,413/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Multi Family
Built in 1979
0.28 Acres 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: N/A • N/A
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