312 Edison Ct #28MuskegonMI49440
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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 312 Edison Ct #28, Muskegon, MI, 49440 generates $4,477/mo in rent, after a $3,402/mo payment. Total monthly income is $4,477/mo. Return on cash invested sits at 18.16% in year one, and rental yield is 7.73% on a $695,000 entry. Equity gained on principal adds $4,485/yr, while 5% annual appreciation builds toward $192,016 over five years. Five-year ROI reaches 94.45% and total cumulative return in cash sums $215,958. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,477/mo property income rather than buyer’s personal income.
Single Family
Built in 2023
N/A lot
$N/A/sqft
$256 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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