505 Franklin StConnersvilleIN47331
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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 505 Franklin St, Connersville, IN, 47331 with 5% annual appreciation on a $141,000 basis while $1,099/mo rent supports operations. Total monthly income totals $1,099/mo and a $690/mo payment preserves $253/mo for cash returns. Annual cash flow comes to $3,033/yr on $46,742 deployed, and return on cash invested reaches 26.4% in year one. Equity gained on principal adds $910/yr, and five-year appreciation sums $38,956 alongside rental yield of 9.35%. Five-year ROI measures 137.38% and total cumulative return in cash totals $64,212.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,099/mo property income versus a $690/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in N/A
8,584 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: Greg O'Brein • American Heritage Realty Inc
Mls Name: RLMS
Mls ID: #10052648