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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 457 W Morrison St, Frankfort, IN, 46041 offers a 10.26% rental yield on a $205,000 purchase with $1,752/mo rent. Total monthly income registers $1,752/mo, and a $1,003/mo payment leaves $522/mo available for distribution. Annual cash flow reaches $6,261/yr on $67,958 to close, and return on cash invested stands at 29.12% in year one. Equity gained on principal adds $1,323/yr while 5% annual appreciation supports $56,638 over five years. Portfolio math shows five-year ROI at 151.99% and total cumulative return in cash at $103,290. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,752/mo property income against a $1,003/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
5,662 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 |
|---|---|---|
| 2025-08-15 | Sold | $205,000 |
| 2025-07-13 | Pending sale | $209,999 |
| 2025-06-23 | Price change | $209,999 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | $758.74 | 62.70% | $82,700 | N/A |
| 2022-10-14 | $466.34 | 0.47% | $82,700 | 42.59% |
| 2021-10-14 | $464.18 | 5.92% | $58,000 | N/A |
Listed by: Lori Davis Smith • Highgarden Real Estate
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22036853
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-14 05:08:15 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
