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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% |
Investment property for sale in Corydon at 1548 Hardin Ridge Rd SE, Corydon, IN, 47112 offers a 7.46% rental yield on a $503,000 purchase with $3,125/mo rent. Total monthly income registers $3,125/mo, and a $2,462/mo payment leaves $106/mo available for distribution. Annual cash flow reaches $1,266/yr on $165,487 to close, and return on cash invested stands at 20.83% in year one. Equity gained on principal adds $3,246/yr while 5% annual appreciation supports $138,970 over five years. Portfolio math shows five-year ROI at 107.49% and total cumulative return in cash at $177,878. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,125/mo property income against a $2,462/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2017
5.70 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 |
|---|---|---|
| 2024-11-01 | Sold | $503,000 |
| 2024-09-28 | Pending sale | $539,900 |
| 2024-08-26 | Price change | $539,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-21 | $2199.80 | -6.84% | $359,400 | 1.73% |
| 2023-10-21 | $2361.28 | 8.22% | $353,300 | 1.44% |
| 2022-10-21 | $2182.00 | 9.37% | $348,300 | 11.60% |
Listed by: Nicole D Ruddell • Lopp Real Estate
Mls Name: GLARMLS
Mls Provider:
Mls ID: #1663438
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