415 N Butler 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
Investment property for sale in Corydon at 415 N Butler St, Corydon, IA, 50060 uses $48,731 cash to close to unlock $1,858/yr annual cash flow and $155/mo monthly cash flow. Total monthly income runs $1,109/mo, and a $719/mo payment keeps the spread at $155/mo. Purchase price stands at $147,000, and rental yield measures 9.05% with $1,109/mo rent. Return on cash invested shows 23.72% in year one, and 5% annual appreciation builds toward $40,613 over five years. Five-year ROI reaches 123.72% and total cumulative return in cash records $60,288. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,109/mo property income covering a $719/mo payment rather than investor’s personal income.
Single Family
Built in 1962
7,405 sqft 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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