875 W Malone DrConnersvilleIN47331
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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 875 W Malone Dr, Connersville, IN, 47331 offers a 5.87% rental yield on a $190,000 purchase with $930/mo rent. 9% in year one. Equity gained on principal adds $1,226/yr while 5% annual appreciation supports $52,494 over five years. Portfolio math shows five-year ROI at 81.12% and total cumulative return in cash at $51,096. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $930/mo property income against a $930/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1976
0.70 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: Liz Hughey • White's Farm Est. 1922 DBA White's Realty
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22067297