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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 659 Washington Ave, Frankfort, IN, 46041 priced at $204,900 converts $1,768/mo rent into $489/mo cash flow after a $1,003/mo obligation. Total monthly income equals $1,768/mo, and annual cash flow totals $5,863/yr on $67,924 invested. Return on cash invested prints 28.54% in year one, and rental yield reads 10.35% against a $204,900 entry. Equity gained on principal adds $1,322/yr, while 5% annual appreciation compiles into $56,610 by year five. Five-year ROI reaches 149.23% and total cumulative return in cash sums $101,362. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,768/mo property income covering a $1,003/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.43 Acres 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 | $204,900 |
| 2017-11-27 | Sold | $1,150 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-04-16 | $2293.06 | 23.95% | $121,700 | 20.85% |
| 2022-04-16 | $1849.96 | -1.17% | $100,700 | 26.19% |
| 2021-04-16 | $1871.80 | -0.15% | $79,800 | N/A |
Listed by: Allyson L Schutte • Epique Inc.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202512857
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.
