5022 E Apple AveMuskegonMI49442
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
Investment Highlights
Rental property for sale in Muskegon at 5022 E Apple Ave, Muskegon, MI, 49442 generates $1,627/mo in rent and, after a $710/mo payment, leaves $671/mo in cash flow. Total monthly income is $1,627/mo, and annual cash flow is $8,046/yr on $48,068 invested. Return on cash invested sits at 36.65% in year one, and rental yield is 13.46% on a $145,000 entry. Equity gained on principal adds $936/yr, while 5% annual appreciation builds toward $40,061 over five years. Five-year ROI reaches 193.2% and total cumulative return in cash sums $92,864. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,627/mo property income rather than buyer’s personal income.
Single Family
Built in 1945
0.27 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
