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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% |
Rental property for sale in Frankfort at 603 E Boone St, Frankfort, IN, 46041 generates $1,789/mo in rent and, after a $945/mo payment, leaves $630/mo in cash flow. Total monthly income is $1,789/mo, and annual cash flow is $7,561/yr on $63,980 invested. Return on cash invested sits at 31.73% in year one, and rental yield is 11.12% on a $193,000 entry. Equity gained on principal adds $1,245/yr, while 5% annual appreciation builds toward $53,322 over five years. Five-year ROI reaches 166.04% and total cumulative return in cash sums $106,230. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,789/mo property income rather than buyer’s personal income.
Single Family
Built in 1919
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 |
|---|---|---|
| 2025-03-05 | Sold | $193,000 |
| 2025-02-03 | Pending sale | $200,000 |
| 2025-01-09 | Price change | $200,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-24 | $1541.16 | 86.18% | $160,100 | 15.43% |
| 2022-10-24 | $827.80 | -0.14% | $138,700 | 67.71% |
| 2021-10-24 | $828.96 | 5.30% | $82,700 | -0.24% |
What's Special
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Listed by: Jade Perry • RE/MAX Advanced Realty
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22006467
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-24 05:52:56 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)
