1190 Memory LnFrankfortMI49635
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 1190 Memory Ln, Frankfort, MI, 49635 in Frankfort earns a 9.1% gross yield at $219,500. Rent of $1,664/mo nets $217/mo after the $987/mo mortgage. The 1.69 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $60,644 and $2,022/yr in equity accumulation project a total cumulative return of $97,554.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 7.0% |
| Monthly Cash Flow | $217 | $350 |
City averages based on Frankfort market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,664 |
| Total Monthly Debt Service | $1,360 |
| DSCR Ratio | 1.22x |
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.
Manufactured
Built in 1988
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49635, Frankfort, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,394 (100%) |
| Owner Occupied HU | 1,412 (41.6%) |
| Renter Occupied HU | 321 ( 9.5%) |
| Vacant Housing Units | 1,661 (48.9%) |
| Median Home Value | $324,012 |
| Average Home Value | $404,626 |
Housing Distribution
Address Breakdown
Residential
1,621
Single Family
1,511
Multi-Family
110
Businesses
184
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
Manufactured
Built in 1988
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 49635, Frankfort, MI area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,394 (100%) |
| Owner Occupied HU | 1,412 (41.6%) |
| Renter Occupied HU | 321 ( 9.5%) |
| Vacant Housing Units | 1,661 (48.9%) |
| Median Home Value | $324,012 |
| Average Home Value | $404,626 |
Housing Distribution
Address Breakdown
Residential
1,621
Single Family
1,511
Multi-Family
110
Businesses
184
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jessica Bocian • Lakeview Realty & Rental Mgmt
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1932940
Disclaimer: The information in this listing was gathered from third-party sources including the seller. Northern Great Lakes REALTORS MLS and its subscribers disclaim any and all representations or warranties as to the accuracy of this information. Copyright 2025 Northern Great Lakes REALTORS MLS. All Rights Reserved.