5265 W Coletrane Hill 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
Rental property for sale in Connersville at 5265 W Coletrane Hill Rd, Connersville, IN, 47331 priced at $155,000 pairs $1,256/mo rent with $325/mo cash flow after a $759/mo payment. Total monthly income equals $1,256/mo, and annual cash flow comes to $3,903/yr on $51,383 invested. Return on cash invested is 27.5% in year one, and rental yield stands at 9.72% on a $155,000 basis. Equity gained on principal adds $1,000/yr, and 5% annual appreciation accumulates to $42,824 by year five. Five-year ROI measures 143.4% and total cumulative return in cash reaches $73,684. For financing, Ziffy Mortgage’s DSCR program evaluates $1,256/mo property income against a $759/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in N/A
2.71 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: Nicholas George • Geswein Farm & Land Realty
Mls Name: My State MLS
Mls ID: #11351562