Lake St UNIT 37AFrankfortMI49635
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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 Lake St UNIT 37A, Frankfort, MI, 49635 offers a 2.42% rental yield on a $715,000 purchase with $1,440/mo rent. 35% in year one. Equity gained on principal adds $4,614/yr while 5% annual appreciation supports $197,541 over five years. Portfolio math shows five-year ROI at 14.56% and total cumulative return in cash at $34,245. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,440/mo property income against a $3,500/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
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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