724 E Apple AveMuskegonMI49442
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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 724 E Apple Ave, Muskegon, MI, 49442 uses $46,377 cash to close to unlock $15,066/yr annual cash flow and $1,256/mo monthly cash flow. Total monthly income runs $2,188/mo, and a $685/mo payment keeps the spread at $1,256/mo. Purchase price stands at $139,900, and rental yield measures 18.77% with $2,188/mo rent. Return on cash invested shows 52.4% in year one, and 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 277.75% and total cumulative return in cash records $128,811. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,188/mo property income covering a $685/mo payment rather than investor’s personal income.
Multi Family
Built in 1905
8,712 sqft 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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