242 Monroe Ave #248MuskegonMI49441
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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 at 242 Monroe Ave #248, Muskegon, MI, 49441 earns from $1,156/mo rent with a $1,057/mo payment. Total monthly income totals $1,156/mo. ROI tracks 12.9% on current figures, and rental yield reads 6.43% at a $215,900 purchase. Equity gained on principal adds $1,393/yr, and 5% annual appreciation supports $59,649 over five years. Five-year ROI reaches 66.69% and total cumulative return in cash sums $47,732. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,156/mo property income instead of your personal income.
Condo
Built in 2021
1,306 sqft lot
$N/A/sqft
$150 monthly 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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