458 W Morrison St, Frankfort, IN, 46041 | $415/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

458 W Morrison St, Frankfort, IN, 46041 | $415/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1851 sft

1925 Delaware St, Crawfordsville, IN, 47933

4 Bed
2 Bath
1512 sft

404 E Franklin St, Colfax, IN, 46035

3 Bed
1 Bath
1440 sft

314 N Oak St, Crawfordsville, IN, 47933

3 Bed
1 Bath
1512 sft

6 E Park Ln, Crawfordsville, IN, 47933

Nearby investment properties with comparable prices

2 Bed
2 Bath
1462 sft

1501 Eastfield Dr, Crawfordsville, IN, 47933

3 Bed
2 Bath
1851 sft

1925 Delaware St, Crawfordsville, IN, 47933

4 Bed
1 Bath
2200 sft

401 W Harrison St, Darlington, IN, 47940

5 Bed
2 Bath
3436 sft

110 Woodlawn Pl, Crawfordsville, IN, 47933

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Frankfort at 458 W Morrison St, Frankfort, IN, 46041 offers $1,610/mo rent that, after a $974/mo payment, leaves $415/mo cash flow. Total monthly income is $1,610/mo, and annual cash flow is $4,985/yr on $65,969 cash. Return on cash invested measures 27.47% in year one, and rental yield stands at 9.71% at a $199,000 entry. Equity gained on principal adds $1,284/yr while 5% annual appreciation compounds into $54,980 by year five. Five-year ROI records 143.17% and total cumulative return in cash reaches $94,446. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,610/mo property income versus a $974/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1945

5,018 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome Home! Step into this charming 3 bedroom, 2 bathroom home that's perfect for first time buyers. From the moment you arrive, you'll love the curb appeal and convenience of a two-car garage. Inside, a bright and inviting floor plan offers plenty of space to relax or entertain, with natural light flowing throughout. The cozy bedrooms provide comfort and privacy. The primary suite features its own full bathroom, giving you a private retreat at the end of the day. Out back, enjoy your very own privacy fenced back yard perfect for pets, play or summer barbecues. With modern comfort, practicality and a welcoming layout, this home checks all the boxes and with so many updates you will be able to move right in, unpack and start living.

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