6259 Norfolk DrNorton ShoresMI49444
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 Norton Shores at 6259 Norfolk Dr, Norton Shores, MI, 49444 offers $3,266/mo rent that, after a $3,426/mo payment. Total monthly income is $3,266/mo. Return on cash invested measures 13.03% in year one, and rental yield stands at 5.6% at a $699,900 entry. Equity gained on principal adds $4,516/yr while 5% annual appreciation compounds into $193,369 by year five. Five-year ROI records 66.45% and total cumulative return in cash reaches $153,008. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,266/mo property income versus a $3,426/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2012
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49444, Muskegon, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,384 (100%) |
| Owner Occupied HU | 8,071 (65.2%) |
| Renter Occupied HU | 3,280 (26.5%) |
| Vacant Housing Units | 1,033 ( 8.3%) |
| Median Home Value | $195,663 |
| Average Home Value | $213,914 |
Housing Distribution
Address Breakdown
Residential
11,040
Single Family
9,966
Multi-Family
1,074
Businesses
1,088
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Meghan Reece Heritage • BlueWest Properties, LLC
Mls Name: MichRIC
Mls Provider:
Mls ID: #25014972
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.