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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% |
Investment property for sale in Connersville at 220 W 24th St, Connersville, IN, 47331 offers a 12.53% rental yield on a $169,000 purchase with $1,765/mo rent. Total monthly income registers $1,765/mo, and a $827/mo payment leaves $751/mo available for distribution. Annual cash flow reaches $9,008/yr on $56,024 to close, and return on cash invested stands at 35.99% in year one. Equity gained on principal adds $1,091/yr while 5% annual appreciation supports $46,692 over five years. Portfolio math shows five-year ROI at 188.85% and total cumulative return in cash at $105,799. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,765/mo property income against a $827/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
3,484 sqft 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 |
|---|---|---|
| 2025-05-30 | Sold | $169,000 |
| 2025-04-30 | Pending sale | $169,000 |
| 2025-03-24 | Price change | $169,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $715.00 | 20.57% | $87,400 | 22.24% |
| 2023-10-22 | $593.00 | -40.94% | $71,500 | 20.57% |
| 2022-10-22 | $1004.00 | 116.18% | $59,300 | 18.13% |
Listed by: CINDY PEREZ • AMERICAN HERITAGE
Mls Name: East Central Indiana AOR
Mls Provider:
Mls ID: #14160
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.
