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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 2247 Red Bud Blvd, Frankfort, IN, 46041 uses $73,593 cash to close to unlock $7,595/yr annual cash flow and $633/mo monthly cash flow. Total monthly income runs $1,966/mo, and a $1,087/mo payment keeps the spread at $633/mo. Purchase price stands at $222,000, and rental yield measures 10.63% with $1,966/mo rent. Return on cash invested shows 30.23% in year one, and 5% annual appreciation builds toward $61,335 over five years. Five-year ROI reaches 157.94% and total cumulative return in cash records $116,235. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,966/mo property income covering a $1,087/mo payment rather than investor’s personal income.
Single Family
Built in 2000
6,969 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 |
|---|---|---|
| 2025-01-30 | Sold | $222,000 |
| 2024-12-20 | Pending sale | $229,000 |
| 2024-11-25 | Price change | $229,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-24 | $1447.08 | 6.79% | $130,000 | N/A |
| 2022-10-24 | $1355.04 | 38.80% | $130,000 | 7.97% |
| 2021-10-24 | $976.24 | 3.08% | $120,400 | 36.51% |
Listed by: Jazah J Jones • BerkshireHathaway HS IN Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202428798
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.
