5230 Wickham DrNorton ShoresMI49441
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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 Norton Shores at 5230 Wickham Dr, Norton Shores, MI, 49441 uses $69,284 cash to close to unlock $4,244/yr annual cash flow and $354/mo monthly cash flow. Total monthly income runs $1,732/mo, and a $1,023/mo payment keeps the spread at $354/mo. Purchase price stands at $209,000, and rental yield measures 9.94% with $1,732/mo rent. Return on cash invested shows 26.04% in year one, and 5% annual appreciation builds toward $57,743 over five years. Five-year ROI reaches 136.24% and total cumulative return in cash records $94,394. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,732/mo property income covering a $1,023/mo payment rather than investor’s personal income.
Single Family
Built in 1956
0.50 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
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Listed by: Laurie Tamburrino • Coldwell Banker Schmidt Realtors
Mls Name: MichRIC
Mls ID: #25059964