308 Merrill AveMuskegonMI49441
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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
Rental property for sale in Muskegon at 308 Merrill Ave, Muskegon, MI, 49441 priced at $189,900 converts $2,287/mo rent into $1,035/mo cash flow after a $929/mo obligation. Total monthly income equals $2,287/mo, and annual cash flow totals $12,422/yr on $62,952 invested. Return on cash invested prints 39.64% in year one, and rental yield reads 14.45% against a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation compiles into $52,466 by year five. Five-year ROI reaches 209.25% and total cumulative return in cash sums $131,729. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,287/mo property income covering a $929/mo payment, not borrower’s personal income.
Multi Family
Built in 1800
3,049 sqft 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 |
Housing Distribution
Address Breakdown
Residential
16,562
Single Family
14,651
Multi-Family
1,911
Businesses
889
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