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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% |
Rental property for sale in Frankfort at 1501 E Walnut St, Frankfort, IN, 46041 offers $1,537/mo rent that, after a $1,199/mo payment, leaves $66/mo cash flow. Total monthly income is $1,537/mo, and annual cash flow is $798/yr on $81,218 cash. Return on cash invested measures 20.89% in year one, and rental yield stands at 7.53% at a $245,000 entry. Equity gained on principal adds $1,581/yr while 5% annual appreciation compounds into $67,689 by year five. Five-year ROI records 107.89% and total cumulative return in cash reaches $87,624. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,537/mo property income versus a $1,199/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
7,840 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 |
|---|---|---|
| 2025-04-08 | Listed for sale | $245,000 |
| 2023-01-19 | Sold | $189,000 |
| 2022-12-19 | Pending sale | $194,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-09 | $1203.58 | 106.02% | $127,300 | 14.68% |
| 2022-04-09 | $584.20 | 0.46% | $111,000 | 58.35% |
| 2021-04-09 | $581.52 | 5.86% | $70,100 | N/A |
Listed by: Scott Irons • Snyder Strategy Realty, Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202511759
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.
