823 W River RdMuskegonMI49445
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
Investment property for sale in Muskegon at 823 W River Rd, Muskegon, MI, 49445 at $199,900 posts ROI 24.35% with $245/mo cash flow from $1,563/mo rent. Total monthly income equals $1,563/mo, and annual cash flow records $2,942/yr on $66,267 to close. Return on cash invested measures 24.35% and rental yield reads 9.38% at the current $199,900. Equity gained on principal adds $1,290/yr, and 5% annual appreciation supports $55,229 by year five. Five-year ROI prints 127.25% and total cumulative return in cash totals $84,325.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,563/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1949
1.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49445, Muskegon, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,170 (100%) |
| Owner Occupied HU | 7,894 (86.1%) |
| Renter Occupied HU | 841 ( 9.2%) |
| Vacant Housing Units | 435 ( 4.7%) |
| Median Home Value | $254,048 |
| Average Home Value | $302,893 |
Housing Distribution
Address Breakdown
Residential
8,798
Single Family
8,584
Multi-Family
214
Businesses
443
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