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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 52 E Palmer St, Frankfort, IN, 46041 with 5% annual appreciation on a $145,000 basis while $1,388/mo rent supports operations. Total monthly income totals $1,388/mo and a $710/mo payment preserves $517/mo for cash returns. Annual cash flow comes to $6,207/yr on $48,068 deployed, and return on cash invested reaches 32.82% in year one. Equity gained on principal adds $936/yr, and five-year appreciation sums $40,061 alongside rental yield of 11.49%. Five-year ROI measures 171.95% and total cumulative return in cash totals $82,652.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,388/mo property income versus a $710/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
4,356 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 |
|---|---|---|
| 2025-04-15 | Listed for sale | $145,000 |
| 2021-10-20 | Sold | $94,000 |
| 2021-09-17 | Pending sale | $94,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-16 | $490.52 | 24.92% | $78,400 | 20.43% |
| 2022-04-16 | $392.66 | 0.46% | $65,100 | 27.90% |
| 2021-04-16 | $390.86 | 5.85% | $50,900 | N/A |
Listed by: Scott Fultz • Real Broker, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202512862
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.
