414 W Jefferson 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 414 W Jefferson St, Corydon, IA, 50060 priced at $159,900 converts $1,307/mo rent into $268/mo cash flow after a $783/mo obligation. Total monthly income equals $1,307/mo, and annual cash flow totals $3,218/yr on $53,007 invested. Return on cash invested prints 25.98% in year one, and rental yield reads 9.81% against a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation compiles into $44,177 by year five. Five-year ROI reaches 135.89% and total cumulative return in cash sums $72,030. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,307/mo property income covering a $783/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.62 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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Listed by: Jason Oglesby • Iowa Realty South Lakes
Mls Name: Iowa AOR
Mls Provider:
Mls ID: #6316276
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.