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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 251 N East St, Frankfort, IN, 46041 earns $1,270/mo cash flow from $1,963/mo rent with a $489/mo payment. Total monthly income totals $1,963/mo, and annual cash flow totals $15,235/yr on $33,150 capital. ROI tracks 65.87% on current figures, and rental yield reads 23.56% at a $100,000 purchase. Equity gained on principal adds $645/yr, and 5% annual appreciation supports $27,628 over five years. Five-year ROI reaches 350.35% and total cumulative return in cash sums $116,140. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,963/mo property income instead of your personal income.
Single Family
Built in 1910
8,712 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 |
|---|---|---|
| 2025-07-17 | Sold | $100,000 |
| 2025-06-26 | Pending sale | $140,000 |
| 2025-06-19 | Listed for sale | $140,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-02 | $1953.48 | 44.18% | $100,100 | 16.13% |
| 2022-11-02 | $1354.92 | -1.17% | $86,200 | 46.85% |
| 2021-11-02 | $1371.00 | -0.15% | $58,700 | N/A |
Listed by: Scott Irons • Snyder Strategy Realty, Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202523454
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.
