2308 Vermont 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
Investment property for sale in Connersville at 2308 Vermont Ave, Connersville, IN, 47331 listed at $115,000 pairs $1,094/mo rent with a $563/mo payment to leave $404/mo cash flow. Total monthly income runs $1,094/mo, and annual cash flow reaches $4,842/yr on $38,123 cash to close. Return on cash invested measures 32.61% in year one, and rental yield registers 11.42% at a $115,000 basis. Equity gained on principal adds $742/yr, and annual property appreciation at 5% supports $31,772 by year five. Five-year ROI tracks 170.76% and total cumulative return in cash totals $65,097. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,094/mo property income relative to a $563/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1940
4,356 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: Trish Smith • Better Homes and Gardens
Mls Name: East Central Indiana AOR
Mls ID: #14521