297 W Clay Ave APT 201MuskegonMI49440
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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 297 W Clay Ave APT 201, Muskegon, MI, 49440 listed at $264,900 pairs $2,638/mo rent with a $1,297/mo payment to leave $891/mo cash flow. Total monthly income runs $2,638/mo, and annual cash flow reaches $10,688/yr on $87,814 cash to close. Return on cash invested measures 32.08% in year one, and rental yield registers 11.95% at a $264,900 basis. Equity gained on principal adds $1,709/yr, and annual property appreciation at 5% supports $73,187 by year five. Five-year ROI tracks 168.65% and total cumulative return in cash totals $148,100. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,638/mo property income relative to a $1,297/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1926
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49440, Muskegon, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 938 (100%) |
| Owner Occupied HU | 230 (24.5%) |
| Renter Occupied HU | 610 (65.0%) |
| Vacant Housing Units | 98 (10.4%) |
| Median Home Value | $116,667 |
| Average Home Value | $197,446 |
Housing Distribution
Address Breakdown
Residential
1,000
Single Family
560
Multi-Family
440
Businesses
223
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