1423 W Memorial DrConnersvilleIN47331
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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
Investment Highlights
Investment property for sale in Connersville at 1423 W Memorial Dr, Connersville, IN, 47331 with 5% annual appreciation on a $145,900 basis while $1,053/mo rent supports operations. Total monthly income totals $1,053/mo and a $714/mo payment preserves $177/mo for cash returns. Annual cash flow comes to $2,128/yr on $48,366 deployed, and return on cash invested reaches 24.31% in year one. Equity gained on principal adds $941/yr, and five-year appreciation sums $40,309 alongside rental yield of 8.66%. Five-year ROI measures 126.24% and total cumulative return in cash totals $61,059.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,053/mo property income versus a $714/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1958
0.26 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
9,963
Single Family
9,542
Multi-Family
421
Businesses
701
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Listed by: Julie Coffman • Parkside Realty, LLC
Mls Name: RLMS
Mls ID: #10050971