405 Beard St, Frankfort, IN, 46041 | $528/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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405 Beard St, Frankfort, IN, 46041 | $528/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Rental property for sale in Frankfort at 405 Beard St, Frankfort, IN, 46041 generates $1,608/mo in rent and, after a $881/mo payment, leaves $528/mo in cash flow. Total monthly income is $1,608/mo, and annual cash flow is $6,331/yr on $59,637 invested. Return on cash invested sits at 30.53% in year one, and rental yield is 10.73% on a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 159.56% and total cumulative return in cash sums $95,157. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,608/mo property income rather than buyer’s personal income.

Single Family

Built in 1910

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

Charming Single-Story Home with Bonus Room, Spacious Garage & Prime Location! Discover comfortable one-level living in this well-maintained nearly 1,400 sq ft home featuring 3 bedrooms, 1 bathroom, and a rare 34 car tandem garageideal for vehicles, hobbies, or extra storage. A versatile bonus room just off the kitchen offers the perfect space for a home office, formal dining room, or playroomflexibility to suit your lifestyle. The fully fenced yard provides a private outdoor retreat, and the home sits on a quiet street with no through traffic, yet remains just minutes from shopping, restaurants, and everyday conveniences. With numerous updates made over the past 6 years and all appliances included (even the washer and dryer), this home is truly move-in ready. Best of all, low property taxes help keep monthly payments affordablepotentially less than today's soaring rent prices. Dont miss this smart opportunity to own a spacious, updated home in a great location!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46041, Frankfort, IN area.

Housing Distribution

Housing Statistics

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