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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% |
Investment property for sale in Connersville at 1060 E 5th St, Connersville, IN, 47331 listed at $109,000 pairs $1,069/mo rent with a $534/mo payment to leave $414/mo cash flow. Total monthly income runs $1,069/mo, and annual cash flow reaches $4,970/yr on $36,134 cash to close. Return on cash invested measures 33.66% in year one, and rental yield registers 11.77% at a $109,000 basis. Equity gained on principal adds $703/yr, and annual property appreciation at 5% supports $30,115 by year five. Five-year ROI tracks 176.47% and total cumulative return in cash totals $63,766. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,069/mo property income relative to a $534/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
8,250 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47331, Connersville, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,782 (100%) |
| Owner Occupied HU | 6,646 (61.6%) |
| Renter Occupied HU | 3,033 (28.1%) |
| Vacant Housing Units | 1,103 (10.2%) |
| Median Home Value | $135,068 |
| Average Home Value | $179,715 |
Residential
9,963
Single Family
9,542
Multi-Family
421
Businesses
701
Date | Event | Price |
|---|---|---|
| 2024-10-11 | Listed for sale | $109,000 |
| 2007-10-01 | Sold | $50,000 |
| 1997-11-14 | Sold | $49,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | $550.00 | 15.06% | $58,600 | 8.92% |
| 2022-10-14 | $478.00 | 13.27% | $53,800 | 14.96% |
| 2021-10-14 | $422.00 | 12.53% | $46,800 | 13.59% |
Listed by: Shelby A Dixon • EAST CENTRAL REALTY
Mls Name: East Central Indiana AOR
Mls Provider:
Mls ID: #14190
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.
