2648 E County Road 560 SConnersvilleIN47331
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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 2648 E County Road 560 S, Connersville, IN, 47331 earns $336/mo cash flow from $1,207/mo rent with a $710/mo payment. Total monthly income totals $1,207/mo, and annual cash flow totals $4,035/yr on $48,068 capital. ROI tracks 28.3% on current figures, and rental yield reads 9.99% at a $145,000 purchase. Equity gained on principal adds $936/yr, and 5% annual appreciation supports $40,061 over five years. Five-year ROI reaches 147.68% and total cumulative return in cash sums $70,988. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,207/mo property income instead of your personal income.
Single Family
Built in 1868
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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Listed by: Deborah S. Lakin • Lincoln Realty Inc
Mls Name: SEIBR
Mls ID: #203836
Disclaimer: Copyright Southeastern Indiana Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.