Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Frankfort at 955 E Walnut St, Frankfort, IN, 46041 uses $62,985 cash to close to unlock $7,731/yr annual cash flow and $644/mo monthly cash flow. Total monthly income runs $1,801/mo, and a $930/mo payment keeps the spread at $644/mo. Purchase price stands at $190,000, and rental yield measures 11.37% with $1,801/mo rent. Return on cash invested shows 32.18% in year one, and 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 168.59% and total cumulative return in cash records $106,188. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,801/mo property income covering a $930/mo payment rather than investor’s personal income.
Single Family
Built in 1890
6,098 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 |
|---|---|---|
| 2025-01-27 | Sold | $190,000 |
| 2024-12-13 | Pending sale | $190,000 |
| 2024-10-30 | Listed for sale | $190,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-24 | $1769.90 | 46.61% | $91,100 | 16.65% |
| 2022-10-24 | $1207.20 | -1.17% | $78,100 | 49.33% |
| 2021-10-24 | $1221.52 | -0.15% | $52,300 | N/A |
Listed by: Jennifer Lane • Keller Williams Indpls Metro N
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #21997067
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-24 05:57:49 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)
