Lake St UNIT 11BFrankfortMI49635
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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
Rental property for sale in Frankfort at Lake St UNIT 11B, Frankfort, MI, 49635 priced at $685,000 converts $1,440/mo rent into after a $3,353/mo obligation. Total monthly income equals $1,440/mo. Return on cash invested prints 3.67% in year one, and rental yield reads 2.52% against a $685,000 entry. Equity gained on principal adds $4,420/yr, while 5% annual appreciation compiles into $189,253 by year five. Five-year ROI reaches 16.29% and total cumulative return in cash sums $36,706. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,440/mo property income covering a $3,353/mo payment, not borrower’s personal income.
Condo
Built in 2026
N/A 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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