698 Pineway DrMuskegonMI49441
Nearby investment properties with comparable rents
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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 Muskegon at 698 Pineway Dr, Muskegon, MI, 49441 earns $322/mo cash flow from $2,111/mo rent with a $1,150/mo payment. Total monthly income totals $2,111/mo, and annual cash flow totals $3,860/yr on $77,869 capital. ROI tracks 24.87% on current figures, and rental yield reads 10.78% at a $234,900 purchase. Equity gained on principal adds $1,516/yr, and 5% annual appreciation supports $64,899 over five years. Five-year ROI reaches 131.31% and total cumulative return in cash sums $102,249. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,111/mo property income instead of your personal income.
Condo
Built in 1982
1,742 sqft lot
$N/A/sqft
$240 monthly 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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