413 North DrConnersvilleIN47331
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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
Investment Highlights
Rental property for sale in Connersville at 413 North Dr, Connersville, IN, 47331 offers $1,753/mo rent that, after a $1,099/mo payment, leaves $405/mo cash flow. Total monthly income is $1,753/mo, and annual cash flow is $4,862/yr on $74,422 cash. Return on cash invested measures 26.44% in year one, and rental yield stands at 9.37% at a $224,500 entry. Equity gained on principal adds $1,449/yr while 5% annual appreciation compounds into $62,025 by year five. Five-year ROI records 137.7% and total cumulative return in cash reaches $102,476. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,753/mo property income versus a $1,099/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1969
0.33 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
9,963
Single Family
9,542
Multi-Family
421
Businesses
701
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Listed by: Debbie Busby • Better Homes and Gardens First Realty Group
Mls Name: RLMS
Mls ID: #10052300