276 Us Highway 6CorunnaIN46730
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 276 Us Highway 6, Corunna, IN, 46730 in Corunna worth study. Rental yield 1.87%. The 1.87% gross yield is below cash-flow benchmarks at $1,032,000, but 5% annual appreciation, adding $285,123 over five years, frames this as a capital growth position. Rent of $1,608/mo partially offsets the $4,641/mo payment. Ziffy Mortgage finances appreciation-play properties (0.35 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $95,318.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 1.9% | 7.0% |
| Monthly Cash Flow | $(4,587) | $1,500 |
City averages based on Corunna market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,608 |
| Total Monthly Debt Service | $5,784 |
| DSCR Ratio | 0.28x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1890
68.63 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
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
Single Family
Built in 1890
68.63 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices