854 S 1st 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 854 S 1st St, Frankfort, IN, 46041 uses $59,670 cash to close to unlock $5,118/yr annual cash flow and $427/mo monthly cash flow. Total monthly income runs $1,507/mo, and a $881/mo payment keeps the spread at $427/mo. Purchase price stands at $180,000, and rental yield measures 10.05% with $1,507/mo rent. Return on cash invested shows 28.49% in year one, and 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 148.63% and total cumulative return in cash records $88,685. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,507/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1920
8,712 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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