2964 Lakeshore Dr UNIT W204MuskegonMI49441
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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
Total monthly income runs $2,702/mo, and a $2,442/mo payment. Purchase price stands at $499,000, and rental yield measures 6.5% with $2,702/mo rent. Return on cash invested shows 9.66% in year one, and 5% annual appreciation builds toward $137,865 over five years. Five-year ROI reaches 50.57% and total cumulative return in cash records $83,646. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,702/mo property income covering a $2,442/mo payment rather than investor’s personal income.
Condo
Built in 2003
1,306 sqft lot
$N/A/sqft
$825 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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