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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 2670 E State Road 28, Frankfort, IN, 46041 generates $2,604/mo in rent and, after a $1,708/mo payment, leaves $509/mo in cash flow. Total monthly income is $2,604/mo, and annual cash flow is $6,110/yr on $115,697 invested. Return on cash invested sits at 25.19% in year one, and rental yield is 8.95% on a $349,010 entry. Equity gained on principal adds $2,252/yr, while 5% annual appreciation builds toward $96,425 over five years. Five-year ROI reaches 130.94% and total cumulative return in cash sums $151,491. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,604/mo property income rather than buyer’s personal income.
Single Family
Built in 1988
0.69 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 |
|---|---|---|
| 2025-09-05 | Sold | $349,010 |
| 2025-08-05 | Pending sale | $345,000 |
| 2025-07-21 | Price change | $345,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-18 | $2073.68 | 3.70% | $195,700 | -0.25% |
| 2022-10-18 | $1999.76 | 3.69% | $196,200 | 8.10% |
| 2021-10-18 | $1928.52 | 6.47% | $181,500 | N/A |
What's Special
Pull Down Stairs
Listed by: Scott Irons • Snyder Strategy Realty, Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516321
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.
