313 Hickory CtConnersvilleIN47331
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 313 Hickory Ct, Connersville, IN, 47331 in Connersville: $1,602/mo in rent, $853/mo net, 15.41% gross yield, all on a $124,740 acquisition. The 2.86 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $34,463 in value, and $1,149/yr in principal paydown steadily builds equity. Projected total cumulative return: $102,101.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 15.4% | 8.0% |
| Monthly Cash Flow | $853 | $300 |
City averages based on Connersville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,602 |
| Total Monthly Debt Service | $699 |
| DSCR Ratio | 2.29x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1981
7,840 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1981
7,840 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: LADONNA LYNCH • AMERICAN HERITAGE
Mls Name: East Central Indiana AOR
Mls Provider:
Mls ID: #14366
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.