114 Corrie LnBedfordIN47421
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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 Bedford at 114 Corrie Ln, Bedford, IN, 47421 priced at $399,900 pairs $3,054/mo rent with $654/mo cash flow after a $1,957/mo payment. Total monthly income equals $3,054/mo, and annual cash flow comes to $7,845/yr on $132,567 invested. Return on cash invested is 25.83% in year one, and rental yield stands at 9.16% on a $399,900 basis. Equity gained on principal adds $2,580/yr, and 5% annual appreciation accumulates to $110,485 by year five. Five-year ROI measures 134.34% and total cumulative return in cash reaches $178,088. For financing, Ziffy Mortgage’s DSCR program evaluates $3,054/mo property income against a $1,957/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1995
1.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47421, Bedford, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,866 (100%) |
| Owner Occupied HU | 8,906 (69.2%) |
| Renter Occupied HU | 2,874 (22.3%) |
| Vacant Housing Units | 1,086 ( 8.4%) |
| Median Home Value | $213,813 |
| Average Home Value | $236,330 |
Housing Distribution
Address Breakdown
Residential
12,447
Single Family
12,103
Multi-Family
344
Businesses
999
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