87 Monroe AveMuskegonMI49440
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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 87 Monroe Ave, Muskegon, MI, 49440 uses $61,294 cash to close to unlock $12,498/yr annual cash flow and $1,042/mo monthly cash flow. Total monthly income runs $2,267/mo, and a $905/mo payment keeps the spread at $1,042/mo. Purchase price stands at $184,900, and rental yield measures 14.71% with $2,267/mo rent. Return on cash invested shows 40.3% in year one, and 5% annual appreciation builds toward $51,084 over five years. Five-year ROI reaches 212.76% and total cumulative return in cash records $130,411. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,267/mo property income covering a $905/mo payment rather than investor’s personal income.
Single Family
Built in 1930
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49440, Muskegon, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 938 (100%) |
| Owner Occupied HU | 230 (24.5%) |
| Renter Occupied HU | 610 (65.0%) |
| Vacant Housing Units | 98 (10.4%) |
| Median Home Value | $116,667 |
| Average Home Value | $197,446 |
Housing Distribution
Address Breakdown
Residential
1,000
Single Family
560
Multi-Family
440
Businesses
223
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