405 Park AveFrankfortMI49635
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
Rental property for sale in Frankfort at 405 Park Ave, Frankfort, MI, 49635 priced at $360,000 converts $4,340/mo rent into $1,966/mo cash flow after a $1,762/mo obligation. Total monthly income equals $4,340/mo, and annual cash flow totals $23,592/yr on $119,340 invested. Return on cash invested prints 39.68% in year one, and rental yield reads 14.47% against a $360,000 entry. Equity gained on principal adds $2,323/yr, while 5% annual appreciation compiles into $99,461 by year five. Five-year ROI reaches 209.37% and total cumulative return in cash sums $249,861. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,340/mo property income covering a $1,762/mo payment, not borrower’s personal income.
Single Family
Built in 1950
0.50 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
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Nearby investment properties with comparable prices
Listed by: Kurt Hubschneider • Coldwell Banker Schmidt-522
Mls Name: NGLRMLS
Mls Provider:
Mls ID: #1920061
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 2024 Northern Great Lakes REALTORS MLS. All Rights Reserved.