420 Dora AveConnersvilleIN47331
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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
Investment property for sale in Connersville at 420 Dora Ave, Connersville, IN, 47331 uses $47,405 cash to close to unlock $8,658/yr annual cash flow and $722/mo monthly cash flow. Total monthly income runs $1,580/mo, and a $700/mo payment keeps the spread at $722/mo. Purchase price stands at $143,000, and rental yield measures 13.26% with $1,580/mo rent. Return on cash invested shows 38.17% in year one, and 5% annual appreciation builds toward $39,508 over five years. Five-year ROI reaches 200.6% and total cumulative return in cash records $95,092. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,580/mo property income covering a $700/mo payment rather than investor’s personal income.
Single Family
Built in 1950
10,454 sqft 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: LADONNA LYNCH • AMERICAN HERITAGE
Mls Name: East Central Indiana AOR
Mls Provider:
Mls ID: #14344
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.