1008 E Wabash StFrankfortIN46041
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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 1008 E Wabash St, Frankfort, IN, 46041 generates $1,168/mo in rent and, after a $587/mo payment, leaves $272/mo in cash flow. Total monthly income is $1,168/mo, and annual cash flow is $3,266/yr on $39,780 invested. Return on cash invested sits at 28.12% in year one, and rental yield is 11.68% on a $120,000 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,154 over five years. Five-year ROI reaches 148.65% and total cumulative return in cash sums $59,131. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,168/mo property income rather than buyer’s personal income.
Single Family
Built in 1880
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46041, Frankfort, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,792 (100%) |
| Owner Occupied HU | 6,307 (64.4%) |
| Renter Occupied HU | 2,766 (28.2%) |
| Vacant Housing Units | 719 ( 7.3%) |
| Median Home Value | $177,745 |
| Average Home Value | $249,421 |
Housing Distribution
Address Breakdown
Residential
9,312
Single Family
8,983
Multi-Family
329
Businesses
701
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Listed by: Christian Smith • Real Broker, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202517187
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.