297 W Clay Ave APT 408MuskegonMI49440
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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 408, Muskegon, MI, 49440 earns from $1,063/mo rent with a $685/mo payment. Total monthly income totals $1,063/mo. ROI tracks 16.83% on current figures, and rental yield reads 9.12% at a $139,900 purchase. Equity gained on principal adds $903/yr, and 5% annual appreciation supports $38,652 over five years. Five-year ROI reaches 89.43% and total cumulative return in cash sums $41,475. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,063/mo property income instead of your personal income.
Condo
Built in 1920
N/A lot
$N/A/sqft
$259 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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