1059 E Wabash St, Frankfort, IN, 46041 | 4.12% Rental Yield

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Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $1,080/mo, and a $1,541/mo payment. Purchase price stands at $314,900, and rental yield measures 4.12% with $1,080/mo rent. Return on cash invested shows 10.6% in year one, and 5% annual appreciation builds toward $87,001 over five years. Five-year ROI reaches 52.65% and total cumulative return in cash records $54,958. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,080/mo property income covering a $1,541/mo payment rather than investor’s personal income.

Single Family

Built in 2025

7,840 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