1836 Us Highway 6CorunnaIN46730
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Corunna at 1836 Us Highway 6, Corunna, IN, 46730 offers a 7.23% rental yield on a $349,500 purchase with $2,107/mo rent. Total monthly income registers $2,107/mo, and a $1,711/mo payment leaves $9/mo available for distribution. Annual cash flow reaches $104/yr on $115,859 to close, and return on cash invested stands at 20% in year one. Equity gained on principal adds $2,255/yr while 5% annual appreciation supports $96,560 over five years. Portfolio math shows five-year ROI at 103.09% and total cumulative return in cash at $119,437. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,107/mo property income against a $1,711/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1995
3.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46730, Corunna, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 600 (100%) |
| Owner Occupied HU | 506 (84.3%) |
| Renter Occupied HU | 69 (11.5%) |
| Vacant Housing Units | 25 ( 4.2%) |
| Median Home Value | $294,118 |
| Average Home Value | $320,963 |
Housing Distribution
Address Breakdown
Residential
449
Single Family
449
Multi-Family
0
Businesses
19
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