403 S Johnson StCorydonIA50060
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
Rental property for sale in Corydon at 403 S Johnson St, Corydon, IA, 50060 offers $1,307/mo rent that, after a $582/mo payment, leaves $524/mo cash flow. Total monthly income is $1,307/mo, and annual cash flow is $6,290/yr on $39,449 cash. Return on cash invested measures 35.85% in year one, and rental yield stands at 13.18% at a $119,000 entry. Equity gained on principal adds $768/yr while 5% annual appreciation compounds into $32,878 by year five. Five-year ROI records 188.98% and total cumulative return in cash reaches $74,549. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,307/mo property income versus a $582/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1975
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50060, Corydon, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,223 (100%) |
| Owner Occupied HU | 773 (63.2%) |
| Renter Occupied HU | 271 (22.2%) |
| Vacant Housing Units | 179 (14.6%) |
| Median Home Value | $120,363 |
| Average Home Value | $220,695 |
Housing Distribution
Address Breakdown
Residential
1,081
Single Family
1,020
Multi-Family
61
Businesses
124
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Andrea Tilley • Hometown Realty
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6320296
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.