5115 Ossad DrNorton ShoresMI49441
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderInvestors approaching the U.S. market with capital-preservation in mind will find 5115 Ossad Dr, Norton Shores, MI, 49441 in Norton Shores aligned with their strategy. Rental yield 7.21%. DSCR 1.34 and 7.21% yield provide a sound foundation. Ziffy Mortgage's DSCR program enables non-U.S. residents to acquire without domestic credit. Over five years, 5% appreciation and $3,914/yr in paydown build toward a projected cumulative return of $145,931.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 7.2% | 6.2% |
| Monthly Cash Flow | $(249) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,554 |
| Total Monthly Debt Service | $2,634 |
| DSCR Ratio | 0.97x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1994
0.31 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 |
Housing Distribution
Address Breakdown
Residential
16,562
Single Family
14,651
Multi-Family
1,911
Businesses
889
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 1994
0.31 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 |
Housing Distribution
Address Breakdown
Residential
16,562
Single Family
14,651
Multi-Family
1,911
Businesses
889
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Derek Bauer • Real Estate One Inc
Mls Name: MichRIC
Mls Provider:
Mls ID: #26009944
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2026 MichRIC, LLC. All rights reserved.