4544 W Allentown RdConnersvilleIN47331
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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 4544 W Allentown Rd, Connersville, IN, 47331 uses $75,914 cash to close to unlock $1,406/yr annual cash flow and $117/mo monthly cash flow. Total monthly income runs $1,492/mo, and a $1,121/mo payment keeps the spread at $117/mo. Purchase price stands at $229,000, and rental yield measures 7.82% with $1,492/mo rent. Return on cash invested shows 21.76% in year one, and 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 112.57% and total cumulative return in cash records $85,457. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,492/mo property income covering a $1,121/mo payment rather than investor’s personal income.
Single Family
Built in 1950
6.26 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: John Lucas • Re/Max Preferred Choice
Mls Name: SEIBR
Mls ID: #204684
Disclaimer: Copyright Southeastern Indiana Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.