Lake St UNIT 39AFrankfortMI49635
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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 Lake St UNIT 39A, Frankfort, MI, 49635 priced at $432,800 converts $0/mo rent into after a $2,118/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -3.96% in year one, and rental yield reads 0% against a $432,800 entry. Equity gained on principal adds $2,793/yr, while 5% annual appreciation compiles into $119,575 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $2,118/mo payment, not borrower’s personal income.
Home Type Unknown
Built in N/A
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
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices