5418 W Gas Line Rd, Frankfort, IN, 46041 | 5.03% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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5418 W Gas Line Rd, Frankfort, IN, 46041 | 5.03% Rental Yield | 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

Investment property for sale in Frankfort at 5418 W Gas Line Rd, Frankfort, IN, 46041 offers a 5.03% rental yield on a $689,000 purchase with $2,886/mo rent. 44% in year one. Equity gained on principal adds $4,446/yr while 5% annual appreciation supports $190,358 over five years. Portfolio math shows five-year ROI at 67.91% and total cumulative return in cash at $153,942. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,886/mo property income against a $3,372/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 2005

1.38 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to your own slice of country paradise! This stunning 5-bedroom, 2.5-bathroom home offers 3,504 square feet of comfortable living space designed for those who appreciate both indoor comfort and outdoor adventures. Step inside to discover the vaulted ceilings and a cozy fireplace in the living room, creating an inviting atmosphere perfect for family gatherings. The thoughtful layout includes a charming breakfast nook where morning coffee tastes even better, and spacious bedrooms provide peaceful retreats for everyone. The real magic happens outdoors, where this property truly shines. Relax under the front porch pergola or entertain guests on the open back deck. The heated pole barn is a game-changer, featuring its own bathroom, finished room, and abundant storage space ideal for workshops, hobbies, or housing your toys. An attached covered patio extends your entertaining options. Recent improvements include a new asphalt driveway and basketball court added in 2023, plus a Honeywell security system for peace of mind. Whether you're seeking space to spread out, room for hobbies, or simply a place to call home, this property delivers on every front.

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