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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 306 W 12th St, Connersville, IN, 47331 offers a 6.86% rental yield on a $189,900 purchase with $1,086/mo rent. 89% in year one. Equity gained on principal adds $1,225/yr while 5% annual appreciation supports $52,466 over five years. Portfolio math shows five-year ROI at 97.15% and total cumulative return in cash at $61,157. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,086/mo property income against a $929/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
6,864 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 |
|---|---|---|
| 2024-10-10 | Price change | $189,900 |
| 2024-02-10 | Listed for sale | $98,900 |
| 2021-11-19 | Listing removed | N/A |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | $1033.00 | 15.68% | $115,800 | 12.10% |
| 2022-10-14 | $893.00 | 13.76% | $103,300 | 15.68% |
| 2021-10-14 | $785.00 | 36.76% | $89,300 | 13.76% |
Listed by: Betty Powell • American Heritage Realty Inc
Mls Name: RLMS
Mls Provider:
Mls ID: #10049649
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.
