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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 3229 Waterloo Rd, Connersville, IN, 47331 offers $1,356/mo rent that, after a $976/mo payment, leaves $159/mo cash flow. Total monthly income is $1,356/mo, and annual cash flow is $1,907/yr on $66,134 cash. Return on cash invested measures 22.79% in year one, and rental yield stands at 8.16% at a $199,500 entry. Equity gained on principal adds $1,287/yr while 5% annual appreciation compounds into $55,118 by year five. Five-year ROI records 118.04% and total cumulative return in cash reaches $78,067. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,356/mo property income versus a $976/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1936
6,969 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-03 | $882.00 | 14.55% | $116,200 | 34.18% |
| 2023-04-03 | $770.00 | 9.69% | $86,600 | 26.61% |
| 2022-04-03 | $702.00 | -0.43% | $68,400 | 10.32% |
Listed by: Suzette Gulley • RE/MAX At The Crossing
Mls Name: RLMS
Mls Provider:
Mls ID: #10050692
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.
