928 Pilgrim HwyFrankfortMI49635
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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 928 Pilgrim Hwy, Frankfort, MI, 49635 uses $119,340 cash to close to unlock $11,748/yr annual cash flow and $979/mo monthly cash flow. Total monthly income runs $3,353/mo, and a $1,762/mo payment keeps the spread at $979/mo. Purchase price stands at $360,000, and rental yield measures 11.18% with $3,353/mo rent. Return on cash invested shows 29.75% in year one, and 5% annual appreciation builds toward $99,461 over five years. Five-year ROI reaches 156.16% and total cumulative return in cash records $186,357. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,353/mo property income covering a $1,762/mo payment rather than investor’s personal income.
Single Family
Built in N/A
5 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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