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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% |
Investment property for sale in Connersville at 4740 S 400 E, Connersville, IN, 47331 earns from $1,320/mo rent with a $1,468/mo payment. Total monthly income totals $1,320/mo. ROI tracks 14.11% on current figures, and rental yield reads 5.28% at a $300,000 purchase. Equity gained on principal adds $1,936/yr, and 5% annual appreciation supports $82,884 over five years. Five-year ROI reaches 71.53% and total cumulative return in cash sums $71,136. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,320/mo property income instead of your personal income.
Single Family
Built in 1900
51 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 |
|---|---|---|
| 2024-09-13 | Listed for sale | $300,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Russell Harmeyer • Halderman - Harmeyer Real Est
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22000420
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 08:48:41 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_48)
