Real Estate Investing in Cannelburg, Indiana (47519)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 47519 (Cannelburg, IN)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 28.3% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Cannelburg, IN (47519)?
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Market Analysis: 47519 Cannelburg
Put differently, ZIP 47519 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $316K median. It rewards specialists, not generalists.
On balance, the numbers look inviting — $316K purchase price, 0.0% nominal cap — the work to hit that pro forma in 47519 is substantial and deserves full respect.
Statewide comparisons place 47519 among IN's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Resident income in 47519 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Experienced landlords with local relationships tend to find 47519 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Cannelburg:
Market Trends
Home Value History (with trend line)
📊 How Does 47519 Compare?
| Metric | 47519 | Cannelburg | Indiana |
|---|---|---|---|
| Home Value | $315,917 | $315,917 | $248,442 |
| 5-Year CAGR | 6.5% | 6.5% | 7.7% |
| Avg Rent | $1,161 | $1,161 | - |
| Cap Rate | 2.9% | 2.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 47519 (Cannelburg, IN). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $315,917 |
| Monthly Rent | $1,161 |
| Price-to-Rent | 22.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.9% |
| 5-Year IRR | 9.3% |
📈 Home Appreciation
| 1-Year | +10.9% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +6.5% ▲ |
| 10-Year CAGR | +7.3% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.9%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 47519
Population: 401
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
Frequently Asked Questions
Is Cannelburg in IN worth investing in?
Our data puts Cannelburg, IN at 3.0/5 for investability. Home prices of $316K and rents around $1,161/mo create a solid backdrop for investor activity.
Does Cannelburg, IN favor landlords or tenants?
Rental owners in Cannelburg, IN deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What are rental rates like in Cannelburg, IN?
Rental rates in Cannelburg, IN average $1,161/mo. Tenant demand and $316K home values make the yield look reasonable by investor standards.
How tight is the rental market in Cannelburg, IN?
Vacancy risk in Cannelburg, IN is elevated. That supports predictable cash flow for typical rental holds.
Can owner-occupants cash flow in Cannelburg, IN?
Cannelburg, IN offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,161/mo rent level.
You know 47519 now. You don’t know where it ranks.
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