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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 3581 W Greiner Rd, Connersville, IN, 47331 generates $2,502/mo in rent and, after a $1,615/mo payment, leaves $521/mo in cash flow. Total monthly income is $2,502/mo, and annual cash flow is $6,256/yr on $109,362 invested. Return on cash invested sits at 25.63% in year one, and rental yield is 9.1% on a $329,900 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation builds toward $91,145 over five years. Five-year ROI reaches 133.3% and total cumulative return in cash sums $145,779. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,502/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
2 Acres 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 |
|---|---|---|
| 2025-03-20 | Listed for sale | $329,900 |
| 2019-03-20 | Listing removed | $199,900 |
| 2019-03-12 | Listed for sale | $199,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-23 | $1678.68 | 8.67% | $189,900 | 3.83% |
| 2022-03-23 | $1544.72 | 7.19% | $182,900 | 7.02% |
| 2021-03-23 | $1441.16 | 28.80% | $170,900 | 6.95% |
Listed by: Jeffrey Powell • American Heritage Realty Inc
Mls Name: RLMS
Mls Provider:
Mls ID: #10050591
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.
