613 E Tulip LnConnersvilleIN47331
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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 613 E Tulip Ln, Connersville, IN, 47331 offers a 9.97% rental yield on a $184,000 purchase with $1,529/mo rent. Total monthly income registers $1,529/mo, and a $901/mo payment leaves $424/mo available for distribution. Annual cash flow reaches $5,089/yr on $60,996 to close, and return on cash invested stands at 28.25% in year one. Equity gained on principal adds $1,187/yr while 5% annual appreciation supports $50,836 over five years. Portfolio math shows five-year ROI at 147.43% and total cumulative return in cash at $89,929. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,529/mo property income against a $901/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
0.33 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: Rebecca Fox • Coldwell Banker Lingle
Mls Name: RLMS
Mls ID: #10052306