1059 N Main St, Frankfort, IN, 46041 | 5.63% Rental Yield

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1059 N Main St, Frankfort, IN, 46041 | 5.63% Rental Yield | Ziffy

For Sale

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

Rental property for sale in Frankfort at 1059 N Main St, Frankfort, IN, 46041 generates $1,080/mo in rent, after a $1,126/mo payment. Total monthly income is $1,080/mo. Return on cash invested sits at 15.17% in year one, and rental yield is 5.63% on a $230,000 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 77.25% and total cumulative return in cash sums $58,903. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,080/mo property income rather than buyer’s personal income.

Single Family

Built in 1890

8,712 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome home to this beautifully remodeled 3-bedroom, 1-bath charmer! Step inside to a bright foyer that opens to a huge living room-perfect for relaxing or entertaining. The big bedrooms offer plenty of comfort and space, while the updated bathroom shines with modern finishes. Enjoy cooking in the refreshed kitchen featuring brand-new appliances and stylish updates. Fresh new carpet, giving the home a warm, inviting feel. Outside, you'll love the covered front porch, perfect for morning coffee, and the back deck, ideal for grilling and gatherings. The fenced backyard provides room to play, plus there's a carport with extra storage for your convenience. Move-in ready and full of charm-this one is a must-see!

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