244 Monroe AveMuskegonMI49441
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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 244 Monroe Ave, Muskegon, MI, 49441 at $236,900 posts ROI 22.1% with $143/mo cash flow from $1,706/mo rent. Total monthly income equals $1,706/mo, and annual cash flow records $1,719/yr on $78,532 to close. Return on cash invested measures 22.1% and rental yield reads 8.64% at the current $236,900. Equity gained on principal adds $1,529/yr, and 5% annual appreciation supports $65,451 by year five. Five-year ROI prints 115.17% and total cumulative return in cash totals $90,445.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,706/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 2021
N/A 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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