1715 Ohio AveConnersvilleIN47331
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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
Rental property for sale in Connersville at 1715 Ohio Ave, Connersville, IN, 47331 priced at $129,000 pairs $1,057/mo rent with $283/mo cash flow after a $631/mo payment. Total monthly income equals $1,057/mo, and annual cash flow comes to $3,396/yr on $42,764 invested. Return on cash invested is 27.85% in year one, and rental yield stands at 9.83% on a $129,000 basis. Equity gained on principal adds $832/yr, and 5% annual appreciation accumulates to $35,640 by year five. Five-year ROI measures 145.3% and total cumulative return in cash reaches $62,137. For financing, Ziffy Mortgage’s DSCR program evaluates $1,057/mo property income against a $631/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
8,276 sqft 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: Rebecca Turney-Sparks • Twin Bridges Realty, LLC
Mls Name: RLMS
Mls Provider:
Mls ID: #10050689
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.