413 N Gray Rd, Connersville, IN, 47331 | 6.01% Rental Yield

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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413 N Gray Rd, Connersville, IN, 47331 | 6.01% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Connersville at 413 N Gray Rd, Connersville, IN, 47331 listed at $450,000 pairs $2,254/mo rent with a $2,203/mo payment. Total monthly income runs $2,254/mo. Return on cash invested measures 16.31% in year one, and rental yield registers 6.01% at a $450,000 basis. Equity gained on principal adds $2,904/yr, and annual property appreciation at 5% supports $124,327 by year five. Five-year ROI tracks 83.31% and total cumulative return in cash totals $124,278. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,254/mo property income relative to a $2,203/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1992

0.46 Acres lot

$N/A/sqft

No HOA

More details about the property

Now is your chance to own this exceptional 5-bedroom, 3 full bath, 2 half bath home, located just around the corner from the prestigious Arbor Crossing Golf Course. Hitting the market for the very first time, this spacious 4,562 sq ft home is perfect for a growing family or those who love to entertain. Enjoy the luxury of dual primary suites - one on the main floor and another upstairs - both featuring private en-suites and walk-in closets. The expansive kitchen offers ample cabinetry, generous prep space, and flows seamlessly into the inviting family room with a classic brick fireplace, ideal for gatherings. The finished basement takes entertaining to the next level with a media room complete with its own fireplace, and a game room just steps away. Need more space? There's an unfinished section perfect for a home gym, workshop, storage, or even future living space expansion. Step outside to a multi-level rear deck overlooking a fully fenced backyard, perfect for pets, play, or peaceful relaxation. Sitting on just under half an acre, the property also includes a 3-car garage for all your storage and parking needs.

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