219 E 9th StConnersvilleIN47331
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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 219 E 9th St, Connersville, IN, 47331 at $229,000 posts ROI 19.04% with from $1,320/mo rent. Total monthly income equals $1,320/mo. Return on cash invested measures 19.04% and rental yield reads 6.92% at the current $229,000. Equity gained on principal adds $1,478/yr, and 5% annual appreciation supports $63,268 by year five. Five-year ROI prints 98.01% and total cumulative return in cash totals $74,405. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,320/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2025
0.25 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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Nearby investment properties with comparable prices
Listed by: Elizabeth Lucas • Re/Max Preferred Choice
Mls Name: SEIBR
Mls ID: #204703
Disclaimer: Copyright Southeastern Indiana Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.