1079 E Wabash St, Frankfort, IN, 46041 | 4.18% Rental Yield

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1079 E Wabash St, Frankfort, IN, 46041 | 4.18% 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

Total monthly income runs $1,080/mo, and a $1,517/mo payment. Purchase price stands at $309,900, and rental yield measures 4.18% with $1,080/mo rent. Return on cash invested shows 10.79% in year one, and 5% annual appreciation builds toward $85,620 over five years. Five-year ROI reaches 53.72% and total cumulative return in cash records $55,188. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,080/mo property income covering a $1,517/mo payment rather than investor’s personal income.

Single Family

Built in 2025

8,276 sqft lot

$N/A/sqft

No HOA

More details about the property

BRAND NEW CONSTRUCTION by Majestic Homes, this beautiful Avery floor plan is located in the desirable Riley School Subdivision in the heart of Frankfort, where craftsman style architecture meets thoughtfully designed open layouts with rear entry garages to maximize curb appeal and functionality. Offering nearly 1,600 square feet of living space, this 3 bedroom, 2 bath home welcomes you with a foyer entry leading into a spacious great room and a well-appointed kitchen featuring abundant cabinetry, granite countertops with bar seating, a tiled backsplash, under-cabinet lighting, stainless steel appliances, and an open dining area perfect for everyday living or entertaining. The private owners suite is complete with a large walk-in closet, dual vanities, a separate stool area, linen storage, and an oversized walk-in shower, while two additional bedrooms share a second full bath. A separate laundry room adds convenience, and the home also includes attic storage with pull-down stairs, an oversized two-car garage, and a wonderful 18x12 covered porch to enjoy the outdoors. With quality craftsmanship and a location that offers both community charm and easy access to area amenities, this new home 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