569 Grover RdMuskegonMI49442
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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
Rental property for sale in Muskegon at 569 Grover Rd, Muskegon, MI, 49442 priced at $507,500 converts $2,749/mo rent into after a $2,484/mo obligation. Total monthly income equals $2,749/mo. Return on cash invested prints 15.76% in year one, and rental yield reads 6.5% against a $507,500 entry. Equity gained on principal adds $3,275/yr, while 5% annual appreciation compiles into $140,213 by year five. Five-year ROI reaches 81.14% and total cumulative return in cash sums $135,478. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,749/mo property income covering a $2,484/mo payment, not borrower’s personal income.
Single Family
Built in N/A
0.72 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
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