2751 German Ridge Road NECorydonIN47112
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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
Rental property for sale in Corydon at 2751 German Ridge Road NE, Corydon, IN, 47112 generates $2,959/mo in rent, after a $3,177/mo payment. Total monthly income is $2,959/mo. Return on cash invested sits at 14.79% in year one, and rental yield is 5.47% on a $649,000 entry. Equity gained on principal adds $4,188/yr, while 5% annual appreciation builds toward $179,307 over five years. Five-year ROI reaches 75.13% and total cumulative return in cash sums $160,428. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,959/mo property income rather than buyer’s personal income.
Single Family
Built in 1993
21.72 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: Karla S Shawler • RE/MAX FIRST
Mls Name: SIRA
Mls Provider:
Mls ID: #202508970
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.