5084 Melmax St, Norton Shores, MI, 49441 | $1,536/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 Norton Shores at 5084 Melmax St, Norton Shores, MI, 49441 priced at $289,900 converts $3,448/mo rent into $1,536/mo cash flow after a $1,419/mo obligation. Total monthly income equals $3,448/mo, and annual cash flow totals $18,434/yr on $96,102 invested. Return on cash invested prints 39.09% in year one, and rental yield reads 14.27% against a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,094 by year five. Five-year ROI reaches 206.29% and total cumulative return in cash sums $198,249. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,448/mo property income covering a $1,419/mo payment, not borrower’s personal income.

Single Family

Built in 1963

0.36 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 49441, Muskegon, MI area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	16,684 (100%)
Owner Occupied HU	12,131 (72.7%)
Renter Occupied HU	3,405 (20.4%)
Vacant Housing Units	1,148 ( 6.9%)
Median Home Value	$218,233
Average Home Value	$257,061