359 E Columbia Ave, Muskegon Heights, MI, 49444 | $932/mo Cash Flow

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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

Rental property for sale in Muskegon Heights at 359 E Columbia Ave, Muskegon Heights, MI, 49444 offers $1,657/mo rent that, after a $538/mo payment, leaves $932/mo cash flow. Total monthly income is $1,657/mo, and annual cash flow is $11,186/yr on $36,432 cash. Return on cash invested measures 50.61% in year one, and rental yield stands at 18.09% at a $109,900 entry. Equity gained on principal adds $709/yr while 5% annual appreciation compounds into $30,363 by year five. Five-year ROI records 268.13% and total cumulative return in cash reaches $97,684. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,657/mo property income versus a $538/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1949

5,227 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49444, Muskegon, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	12,384 (100%)
Owner Occupied HU	8,071 (65.2%)
Renter Occupied HU	3,280 (26.5%)
Vacant Housing Units	1,033 ( 8.3%)
Median Home Value	$195,663
Average Home Value	$213,914