2614 Riordan StMuskegon HeightsMI49444
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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 Heights at 2614 Riordan St, Muskegon Heights, MI, 49444 earns $397/mo cash flow from $1,484/mo rent with a $807/mo payment. Total monthly income totals $1,484/mo, and annual cash flow totals $4,760/yr on $54,664 capital. ROI tracks 28.62% on current figures, and rental yield reads 10.8% at a $164,900 purchase. Equity gained on principal adds $1,064/yr, and 5% annual appreciation supports $45,559 over five years. Five-year ROI reaches 150.09% and total cumulative return in cash sums $82,048. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,484/mo property income instead of your personal income.
Single Family
Built in 1925
6,534 sqft 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: Brock Edward Carlston • Nexes Realty Muskegon
Mls Name: MichRIC
Mls ID: #26002986