1310 Main St NWCorydonIN47112
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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 Corydon at 1310 Main St NW, Corydon, IN, 47112 offers a 9.18% rental yield on a $210,439 purchase with $1,609/mo rent. Total monthly income registers $1,609/mo, and a $1,030/mo payment leaves $346/mo available for distribution. Annual cash flow reaches $4,149/yr on $69,761 to close, and return on cash invested stands at 25.86% in year one. Equity gained on principal adds $1,358/yr while 5% annual appreciation supports $58,140 over five years. Portfolio math shows five-year ROI at 134.5% and total cumulative return in cash at $93,825. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,609/mo property income against a $1,030/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
0.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47112, Corydon, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,518 (100%) |
| Owner Occupied HU | 5,454 (72.5%) |
| Renter Occupied HU | 1,630 (21.7%) |
| Vacant Housing Units | 434 ( 5.8%) |
| Median Home Value | $258,075 |
| Average Home Value | $277,533 |
Housing Distribution
Address Breakdown
Residential
7,164
Single Family
6,983
Multi-Family
181
Businesses
647
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Listed by: Garrett Dunaway • Lopp Real Estate Brokers
Mls Name: SIRA
Mls Provider:
Mls ID: #202505909
Disclaimer: IDX information is provided exclusively for consumers personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.