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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 S Broad Way, Frankfort, IN, 46041 offers $1,080/mo rent that, after a $1,591/mo payment. Total monthly income is $1,080/mo. Return on cash invested measures 10.21% in year one, and rental yield stands at 3.99% at a $325,000 entry. Equity gained on principal adds $2,097/yr while 5% annual appreciation compounds into $89,792 by year five. Five-year ROI records 50.56% and total cumulative return in cash reaches $54,469. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,080/mo property income versus a $1,591/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1997
0.45 Acres 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 |
|---|---|---|
| 2025-05-26 | Listed for sale | $325,000 |
| 2023-12-06 | Sold | $282,000 |
| 2023-08-31 | Pending sale | $279,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-05-28 | $1016.40 | 6.65% | $120,400 | -2.27% |
| 2022-05-28 | $953.00 | -0.51% | $123,200 | 8.26% |
| 2021-05-28 | $957.88 | 6.50% | $113,800 | -0.09% |
Listed by: Lynda Lambert • Traditions Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202519490
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.
