559 W Washington StFrankfortIN46041
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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
Investment Highlights
Investment property for sale in Frankfort at 559 W Washington St, Frankfort, IN, 46041 at $218,000 posts ROI 18.01% with from $1,224/mo rent. Total monthly income equals $1,224/mo. Return on cash invested measures 18.01% and rental yield reads 6.74% at the current $218,000. Equity gained on principal adds $1,407/yr, and 5% annual appreciation supports $60,229 by year five. Five-year ROI prints 92.62% and total cumulative return in cash totals $66,931. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,224/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Multi Family
Built in 1890
6,534 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
9,312
Single Family
8,983
Multi-Family
329
Businesses
701
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Listed by: Dave Rodkey • Dave Rodkey, REALTORS
Mls Name: IRMLS
Mls Provider:
Mls ID: #202525419
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.