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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 202 N Williams St, Frankfort, IN, 46041 offers $1,728/mo rent that, after a $685/mo payment, leaves $888/mo cash flow. Total monthly income is $1,728/mo, and annual cash flow is $10,654/yr on $46,410 cash. Return on cash invested measures 42.87% in year one, and rental yield stands at 14.81% at a $140,000 entry. Equity gained on principal adds $903/yr while 5% annual appreciation compounds into $38,679 by year five. Five-year ROI records 225.7% and total cumulative return in cash reaches $104,746. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,728/mo property income versus a $685/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
5,662 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 |
|---|---|---|
| 2025-01-28 | Sold | $140,000 |
| 2025-01-21 | Pending sale | $150,000 |
| 2024-12-27 | Price change | $150,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-24 | $127.08 | 1.99% | $145,700 | 14.18% |
| 2022-10-24 | $124.60 | 2.00% | $127,600 | 80.23% |
| 2021-10-24 | $122.16 | 2.00% | $70,800 | N/A |
Listed by: Scott Irons • Snyder Strategy Realty, Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202435612
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.
