507 E Apple 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
Investment property for sale in Muskegon at 507 E Apple Ave, Muskegon, MI, 49442 offers a 10.78% rental yield on a $149,900 purchase with $1,346/mo rent. Total monthly income registers $1,346/mo, and a $734/mo payment leaves $357/mo available for distribution. Annual cash flow reaches $4,286/yr on $49,692 to close, and return on cash invested stands at 28.53% in year one. Equity gained on principal adds $967/yr while 5% annual appreciation supports $41,415 over five years. Portfolio math shows five-year ROI at 149.72% and total cumulative return in cash at $74,399. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,346/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1940
4,356 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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