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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% |
Rental property for sale in Connersville at 512 W 34th St, Connersville, IN, 47331 generates $946/mo in rent and, after a $587/mo payment, leaves $226/mo in cash flow. Total monthly income is $946/mo, and annual cash flow is $2,713/yr on $39,747 invested. Return on cash invested sits at 26.74% in year one, and rental yield is 9.47% on a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 139.33% and total cumulative return in cash sums $55,380. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $946/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
5,662 sqft 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 |
|---|---|---|
| 2025-04-08 | Listed for sale | $119,900 |
| 2021-11-23 | Sold | $16,500 |
| 2021-11-21 | Pending sale | $19,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-09 | $280.00 | -38.46% | $14,000 | N/A |
| 2023-04-09 | $455.00 | -11.65% | $14,000 | -38.33% |
| 2022-04-09 | $515.00 | -0.39% | $22,700 | -11.67% |
Listed by: Tiffany Tremper • EAST CENTRAL REALTY
Mls Name: East Central Indiana AOR
Mls Provider:
Mls ID: #14322
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.
