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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 2696 E Michigantown Rd, Frankfort, IN, 46041 with 5% annual appreciation on a $269,900 basis while $1,706/mo rent supports operations. Total monthly income totals $1,706/mo and a $1,321/mo payment preserves $86/mo for cash returns. Annual cash flow comes to $1,030/yr on $89,472 deployed, and return on cash invested reaches 21.06% in year one. Equity gained on principal adds $1,742/yr, and five-year appreciation sums $74,568 alongside rental yield of 7.59%. Five-year ROI measures 108.78% and total cumulative return in cash totals $97,326.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,706/mo property income versus a $1,321/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1930
1.56 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 |
|---|---|---|
| 2025-04-11 | Listed for sale | $269,900 |
| 2025-03-11 | Listing removed | $269,900 |
| 2025-02-11 | Listed for sale | $269,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-14 | $370.52 | 8.11% | $172,800 | 25.31% |
| 2022-04-14 | $342.72 | 2.15% | $137,900 | 7.07% |
| 2021-04-14 | $335.52 | -5.14% | $128,800 | N/A |
What's Special
Storage
Listed by: Nubia Medina • BerkshireHathaway HS IN Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202512407
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.
