2913 Lemuel StMuskegon HeightsMI49444
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Muskegon Heights at 2913 Lemuel St, Muskegon Heights, MI, 49444 priced at $119,900 converts $945/mo rent into $154/mo cash flow after a $587/mo obligation. Total monthly income equals $945/mo, and annual cash flow totals $1,850/yr on $39,747 invested. Return on cash invested prints 24.56% in year one, and rental yield reads 9.46% against a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation compiles into $33,126 by year five. Five-year ROI reaches 128.43% and total cumulative return in cash sums $51,048. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $945/mo property income covering a $587/mo payment, not borrower’s personal income.
Single Family
Built in 1945
6,098 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Scott Goudie • Goudie and Associates
Mls Name: MichRIC
Mls Provider:
Mls ID: #24063733
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.