E River Rd #51FGDAMuskegonMI49445
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Muskegon rentals match the income profile of E River Rd #51FGDA, Muskegon, MI, 49445. Listed at $417,900, gross rent is $4,207/mo and net cash flow is $1,451/mo, a 12.08% yield well above national averages. DSCR 2.24 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $115,458 by year five with $3,849/yr in annual principal reduction, projecting $252,607 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.1% | 8.0% |
| Monthly Cash Flow | $1,451 | $1,200 |
City averages based on Muskegon market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,207 |
| Total Monthly Debt Service | $2,590 |
| DSCR Ratio | 1.62x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2023
N/A 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
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
Single Family
Built in 2023
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices