3042 Leon St, Norton Shores, MI, 49441 | $382/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Norton Shores at 3042 Leon St, Norton Shores, MI, 49441 with 5% annual appreciation on a $325,000 basis while $2,525/mo rent supports operations. Total monthly income totals $2,525/mo and a $1,591/mo payment preserves $382/mo for cash returns. Annual cash flow comes to $4,578/yr on $107,738 deployed, and return on cash invested reaches 24.16% in year one. Equity gained on principal adds $2,097/yr, and five-year appreciation sums $89,792 alongside rental yield of 9.32%. Five-year ROI measures 126.17% and total cumulative return in cash totals $135,937.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,525/mo property income versus a $1,591/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1960

0.26 Acres lot

$N/A/sqft

No 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