1317 W 6th St, Connersville, IN, 47331 | $353/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1317 W 6th St, Connersville, IN, 47331 | $353/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Connersville at 1317 W 6th St, Connersville, IN, 47331 generates $1,463/mo in rent and, after a $905/mo payment, leaves $353/mo in cash flow. Total monthly income is $1,463/mo, and annual cash flow is $4,236/yr on $61,327 invested. Return on cash invested sits at 26.82% in year one, and rental yield is 9.49% on a $184,999 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 139.62% and total cumulative return in cash sums $85,622. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,463/mo property income rather than buyer’s personal income.

Single Family

Built in 1965

0.32 Acres lot

$N/A/sqft

No HOA

More details about the property

Your Perfect Home Awaits: Cozy 3-Bedroom Gem in a Fantastic Neighborhood! Looking for a home that checks all the boxes? This charming 1,092 sq ft property is calling your name! This house feels fresh and modern while maintaining its warm, welcoming vibe. Imagine relaxing on the nice, covered deck after a long day, enjoying some peace and quiet. The gas log fireplace is perfect for cozy evenings. With three bedrooms (possible 4th in basement) and two full bathrooms, there's plenty of space for family or roommates. In the Frazee school district, making this a great spot for families or those planning to start one. You're super close to tons of amenities, so everything you need is just a quick trip away. Whether you're grabbing groceries, meeting friends for coffee, or running errands, convenience is built right in. The house was a complete remodel in 2015, including a new roof, windows and new siding, with lifetime transferrable warranty. The water heater was put in 2024. This isn't just a houseit's your potential new home, waiting to be filled with memories. Want to see it in person? Trust me, pictures don't do it justice!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47331, Connersville, IN area.

Housing Distribution

Housing Statistics

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