39 Iona AveMuskegonMI49442
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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 39 Iona Ave, Muskegon, MI, 49442 priced at $157,000 converts $1,331/mo rent into $296/mo cash flow after a $768/mo obligation. Total monthly income equals $1,331/mo, and annual cash flow totals $3,553/yr on $52,046 invested. Return on cash invested prints 26.74% in year one, and rental yield reads 10.17% against a $157,000 entry. Equity gained on principal adds $1,013/yr, while 5% annual appreciation compiles into $43,376 by year five. Five-year ROI reaches 140.08% and total cumulative return in cash sums $72,908. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,331/mo property income covering a $768/mo payment, not borrower’s personal income.
Multi Family
Built in 1900
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49442, Muskegon, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,983 (100%) |
| Owner Occupied HU | 11,457 (63.7%) |
| Renter Occupied HU | 5,476 (30.5%) |
| Vacant Housing Units | 1,050 ( 5.8%) |
| Median Home Value | $154,938 |
| Average Home Value | $173,213 |
Housing Distribution
Address Breakdown
Residential
17,334
Single Family
14,290
Multi-Family
3,044
Businesses
817
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