407 S Greeley StCorydonIA50060
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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 407 S Greeley St, Corydon, IA, 50060 priced at $198,500 pairs $1,750/mo rent with $460/mo cash flow after a $972/mo payment. Total monthly income equals $1,750/mo, and annual cash flow comes to $5,525/yr on $65,803 invested. Return on cash invested is 28.3% in year one, and rental yield stands at 10.58% on a $198,500 basis. Equity gained on principal adds $1,281/yr, and 5% annual appreciation accumulates to $54,842 by year five. Five-year ROI measures 148.31% and total cumulative return in cash reaches $97,589. For financing, Ziffy Mortgage’s DSCR program evaluates $1,750/mo property income against a $972/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1975
0.47 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
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