253 Dee RdNorton ShoresMI49444
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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 253 Dee Rd, Norton Shores, MI, 49444 priced at $449,900 converts $1,919/mo rent into after a $2,202/mo obligation. Total monthly income equals $1,919/mo. Return on cash invested prints 11.48% in year one, and rental yield reads 5.12% against a $449,900 entry. Equity gained on principal adds $2,903/yr, while 5% annual appreciation compiles into $124,299 by year five. Five-year ROI reaches 58.19% and total cumulative return in cash sums $86,782. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,919/mo property income covering a $2,202/mo payment, not borrower’s personal income.
Single Family
Built in 1950
2.98 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49444, Muskegon, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,384 (100%) |
| Owner Occupied HU | 8,071 (65.2%) |
| Renter Occupied HU | 3,280 (26.5%) |
| Vacant Housing Units | 1,033 ( 8.3%) |
| Median Home Value | $195,663 |
| Average Home Value | $213,914 |
Housing Distribution
Address Breakdown
Residential
11,040
Single Family
9,966
Multi-Family
1,074
Businesses
1,088
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Listed by: Sandi L Gentry • RE/MAX Lakeshore
Mls Name: MichRIC
Mls Provider:
Mls ID: #25008988
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.