297 W Clay Ave APT 405MuskegonMI49440
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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 405, Muskegon, MI, 49440 uses $56,322 cash to close to unlock $2,918/yr annual cash flow and $243/mo monthly cash flow. Total monthly income runs $1,778/mo, and a $832/mo payment keeps the spread at $243/mo. Purchase price stands at $169,900, and rental yield measures 12.56% with $1,778/mo rent. Return on cash invested shows 25.09% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 134.42% and total cumulative return in cash records $75,710. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,778/mo property income covering a $832/mo payment rather than investor’s personal income.
Condo
Built in 1920
N/A lot
$N/A/sqft
$414 monthly 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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