2678 E South Shore DrFrankfortMI49635
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play2678 E South Shore Dr, Frankfort, MI, 49635 in Frankfort is priced for appreciation, not yield. Rental yield 4.09%. At $1,395,000 with a 4.09% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $385,413 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.76) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $244,422.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.1% | 7.0% |
| Monthly Cash Flow | $(4,461) | $350 |
City averages based on Frankfort market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,760 |
| Total Monthly Debt Service | $8,666 |
| DSCR Ratio | 0.55x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1950
3,920 sqft lot
$N/A/sqft
$260 annually 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
Single Family
Built in 1950
3,920 sqft lot
$N/A/sqft
$260 annually 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