5864 S Garrison Rd, Connersville, IN, 47331 | $240/mo Cash Flow

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5864 S Garrison Rd, Connersville, IN, 47331 | $240/mo Cash Flow | Ziffy

For Sale

Airbnb Potential

Rental Income

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Connersville at 5864 S Garrison Rd, Connersville, IN, 47331 listed at $165,900 pairs $1,236/mo rent with a $812/mo payment to leave $240/mo cash flow. Total monthly income runs $1,236/mo, and annual cash flow reaches $2,881/yr on $54,996 cash to close. Return on cash invested measures 25.15% in year one, and rental yield registers 8.94% at a $165,900 basis. Equity gained on principal adds $1,071/yr, and annual property appreciation at 5% supports $45,835 by year five. Five-year ROI tracks 130.76% and total cumulative return in cash totals $71,910. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,236/mo property income relative to a $812/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Manufactured

Built in 1996

9.40 Acres lot

$N/A/sqft

No HOA

More details about the property

Peaceful Country Living in Southern Fayette County, IN Tucked away at the bottom of a peaceful woods on over 9 wooded acres, this serene property offers a unique combination of space, privacy, and versatility. A manufactured mobile home sits nestled at the base of the property, featuring 2 bedrooms, 2 full baths, a spacious living room, and a large eat-in kitchen, perfect for gathering and everyday living. Step outside and youll find a 60' x 30' concrete pole barn ideal for storage, workshop space, or hobby use, along with an attached 30' x 15' lean-to that includes a stall great for animals or equipment. As an added bonus, a charming 1-bedroom cabin is located just behind the mobile home at the bottom of the hill, offering potential as a guest house, rental opportunity, or private retreat. Situated directly across from the South Branch of Garrison Creek, this peaceful location is a nature lovers dream with plenty of room to roam and explore. Whether you're looking for a homestead, weekend getaway, or investment opportunity, this unique property in southern Fayette County is full of potential.

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