413 Sabine Dr #28MuskegonMI49442
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 413 Sabine Dr #28, Muskegon, MI, 49442 in Muskegon speaks for itself: 12.54% gross on a $409,900 price, generating $4,284/mo in rent and $1,544/mo in net income after the $1,843/mo debt service. DSCR 2.32, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $18,531 stacks alongside $113,248 in projected five-year appreciation and $3,775/yr in principal reduction. Projected total cumulative return: $255,716.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.5% | 8.0% |
| Monthly Cash Flow | $1,544 | $1,200 |
City averages based on Muskegon market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,284 |
| Total Monthly Debt Service | $2,577 |
| DSCR Ratio | 1.66x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2024
0.84 Acres lot
$N/A/sqft
$110 quarterly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2024
0.84 Acres lot
$N/A/sqft
$110 quarterly 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices