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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% |
Rental property for sale in Connersville at 313 Hickory Ct, Connersville, IN, 47331 offers $1,602/mo rent that, after a $611/mo payment, leaves $853/mo cash flow. Total monthly income is $1,602/mo, and annual cash flow is $10,233/yr on $41,351 cash. Return on cash invested measures 44.66% in year one, and rental yield stands at 15.41% at a $124,740 entry. Equity gained on principal adds $805/yr while 5% annual appreciation compounds into $34,463 by year five. Five-year ROI records 235.31% and total cumulative return in cash reaches $97,303. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,602/mo property income versus a $611/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1981
7,840 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 |
|---|---|---|
| 2025-06-30 | Sold | $124,740 |
| 2025-05-21 | Pending sale | $129,900 |
| 2025-05-09 | Listed for sale | $129,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-21 | $852.00 | -1.39% | $107,400 | 26.06% |
| 2023-10-21 | $864.00 | 22.55% | $85,200 | -1.39% |
| 2022-10-21 | $705.00 | -25.95% | $86,400 | 22.55% |
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.
