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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 1205 N Central Ave, Connersville, IN, 47331 offers a 8.92% rental yield on a $410,000 purchase with $3,048/mo rent. Total monthly income registers $3,048/mo, and a $2,007/mo payment leaves $521/mo available for distribution. Annual cash flow reaches $6,252/yr on $135,915 to close, and return on cash invested stands at 24.51% in year one. Equity gained on principal adds $2,646/yr while 5% annual appreciation supports $113,275 over five years. Portfolio math shows five-year ROI at 127.46% and total cumulative return in cash at $173,243. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,048/mo property income against a $2,007/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1902
0.63 Acres 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 |
|---|---|---|
| 2024-07-25 | Price change | $410,000 |
| 2024-05-08 | Listed for sale | $420,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | $4192.00 | 20.43% | $514,600 | 22.61% |
| 2022-10-14 | $3481.00 | 48.70% | $419,700 | 15.91% |
| 2021-10-14 | $2341.00 | 1.17% | $362,100 | 54.41% |
Listed by: Carron Williams • EAST CENTRAL REALTY
Mls Name: East Central Indiana AOR
Mls Provider:
Mls ID: #14121
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.
