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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 3644 S Base Rd, Connersville, IN, 47331 offers $2,064/mo rent that, after a $1,223/mo payment, leaves $564/mo cash flow. Total monthly income is $2,064/mo, and annual cash flow is $6,768/yr on $82,842 cash. Return on cash invested measures 28.08% in year one, and rental yield stands at 9.91% at a $249,900 entry. Equity gained on principal adds $1,613/yr while 5% annual appreciation compounds into $69,043 by year five. Five-year ROI records 146.45% and total cumulative return in cash reaches $121,322. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,064/mo property income versus a $1,223/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in N/A
3.43 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 |
|---|---|---|
| 2024-06-21 | Listed for sale | $249,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | $1491.32 | N/A | $183,300 | 10.09% |
| 2022-10-14 | N/A | N/A | $166,500 | N/A |
Listed by: Betty Powell • American Heritage Realty Inc
Mls Name: RLMS
Mls Provider:
Mls ID: #10048805
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.
