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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% |
Rental property for sale in Connersville at 1212 W 9th St, Connersville, IN, 47331 generates $1,080/mo in rent and, after a $661/mo payment, leaves $269/mo in cash flow. Total monthly income is $1,080/mo, and annual cash flow is $3,233/yr on $44,748 invested. Return on cash invested sits at 27.13% in year one, and rental yield is 9.6% on a $134,985 entry. Equity gained on principal adds $871/yr, while 5% annual appreciation builds toward $37,294 over five years. Five-year ROI reaches 141.4% and total cumulative return in cash sums $63,272. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,080/mo property income rather than buyer’s personal income.
Manufactured
Built in 1996
0.28 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Sarah Schaefer • White Stag Realty, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22061337
