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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Corydon at 1440 Nye St, Corydon, IN, 47112 priced at $235,000 converts $2,004/mo rent into $594/mo cash flow after a $1,150/mo obligation. Total monthly income equals $2,004/mo, and annual cash flow totals $7,122/yr on $77,903 invested. Return on cash invested prints 29.05% in year one, and rental yield reads 10.23% against a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation compiles into $64,926 by year five. Five-year ROI reaches 151.66% and total cumulative return in cash sums $118,144. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,004/mo property income covering a $1,150/mo payment, not borrower’s personal income.
Single Family
Built in 1966
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47112, Corydon, IN area.
| 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 |
Residential
7,164
Single Family
6,983
Multi-Family
181
Businesses
647
Date | Event | Price |
|---|---|---|
| 2025-02-18 | Sold | $235,000 |
| 2025-01-09 | Pending sale | $249,900 |
| 2024-10-04 | Listed for sale | $249,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-21 | $1106.60 | -8.50% | $178,700 | 17.33% |
| 2023-10-21 | $1209.44 | 30.99% | $152,300 | -0.59% |
| 2022-10-21 | $923.32 | -2.28% | $153,200 | 23.85% |
Listed by: Laurie Orkies Dunaway • Lopp Real Estate Brokers
Mls Name: SIRA
Mls Provider:
Mls ID: #2024011153
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.
