583 Cherry Grove LnFrankfortMI49635
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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 Frankfort at 583 Cherry Grove Ln, Frankfort, MI, 49635 at $220,000 posts ROI 27.23% with $445/mo cash flow from $1,896/mo rent. Total monthly income equals $1,896/mo, and annual cash flow records $5,340/yr on $72,930 to close. Return on cash invested measures 27.23% and rental yield reads 10.34% at the current $220,000. Equity gained on principal adds $1,420/yr, and 5% annual appreciation supports $60,782 by year five. Five-year ROI prints 142.62% and total cumulative return in cash totals $104,015.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,896/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1969
5,662 sqft 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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