1761 Harrison Spring Rd 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 1761 Harrison Spring Rd NW, Corydon, IN, 47112 uses $66,300 cash to close to unlock $2,368/yr annual cash flow and $197/mo monthly cash flow. Total monthly income runs $1,398/mo, and a $979/mo payment keeps the spread at $197/mo. Purchase price stands at $200,000, and rental yield measures 8.39% with $1,398/mo rent. Return on cash invested shows 23.48% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 121.8% and total cumulative return in cash records $80,756. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,398/mo property income covering a $979/mo payment rather than investor’s personal income.
Single Family
Built in 1940
1.69 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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