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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Frankfort at 1209 E Wabash St, Frankfort, IN, 46041 earns from $1,080/mo rent with a $1,517/mo payment. Total monthly income totals $1,080/mo. ROI tracks 10.79% on current figures, and rental yield reads 4.18% at a $309,900 purchase. Equity gained on principal adds $2,000/yr, and 5% annual appreciation supports $85,620 over five years. Five-year ROI reaches 53.72% and total cumulative return in cash sums $55,188. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,080/mo property income instead of your personal income.
Single Family
Built in 2022
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46041, Frankfort, IN area.
| 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 |
Residential
9,312
Single Family
8,983
Multi-Family
329
Businesses
701
Date | Event | Price |
|---|---|---|
| 2025-06-23 | Listed for sale | $309,900 |
| 2023-08-14 | Sold | $282,950 |
| 2023-07-11 | Pending sale | $289,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-06-25 | N/A | N/A | $1,300 | N/A |
Listed by: Mathew MacDonald • F.C. Tucker Company
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22046556
Disclaimer: Based on information submitted to the MLS GRID as of 2025-06-25 08:17:42 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
