604 W Forest AveMuskegonMI49441
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
Investment Highlights
Rental property for sale in Muskegon at 604 W Forest Ave, Muskegon, MI, 49441 priced at $164,900 pairs $1,429/mo rent with $334/mo cash flow after a $807/mo payment. Total monthly income equals $1,429/mo, and annual cash flow comes to $4,004/yr on $54,664 invested. Return on cash invested is 27.23% in year one, and rental yield stands at 10.4% on a $164,900 basis. Equity gained on principal adds $1,064/yr, and 5% annual appreciation accumulates to $45,559 by year five. Five-year ROI measures 142.74% and total cumulative return in cash reaches $78,028. For financing, Ziffy Mortgage’s DSCR program evaluates $1,429/mo property income against a $807/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1936
7,840 sqft 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
