802 Magnolia AveFrankfortIN46041
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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
Rental property for sale in Frankfort at 802 Magnolia Ave, Frankfort, IN, 46041 priced at $180,000 converts $1,231/mo rent into $133/mo cash flow after a $881/mo obligation. Total monthly income equals $1,231/mo, and annual cash flow totals $1,590/yr on $59,670 invested. Return on cash invested prints 22.57% in year one, and rental yield reads 8.21% against a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation compiles into $49,731 by year five. Five-year ROI reaches 117.07% and total cumulative return in cash sums $69,857. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,231/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1915
4,791 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: Scott Irons • Snyder Strategy Realty, Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202513966
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.