4607 & 4609 W County Road 300 SCoryIN47846
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at 4607 & 4609 W County Road 300 S, Cory, IN, 47846 in Cory the bet is firmly on appreciation. Rental yield 0%. The 0% gross yield on a $1,400,000 price is below income-first thresholds, but 5%/yr value growth projects $386,794 in equity by year five. Ziffy Mortgage's non-U.S. DSCR mortgage (0.00) finances the acquisition on rental income alone. A larger down payment (30–35%) reduces monthly debt service and tightens the spread.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 6.0% |
| Monthly Cash Flow | $0 | $500 |
City averages based on Cory market data in our database. Property projections are estimates.
Single Family
Built in 1929
77.11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47846, Cory, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 344 (100%) |
| Owner Occupied HU | 257 (74.7%) |
| Renter Occupied HU | 48 (14.0%) |
| Vacant Housing Units | 39 (11.3%) |
| Median Home Value | $159,511 |
| Average Home Value | $281,148 |
Housing Distribution
Address Breakdown
Residential
267
Single Family
267
Multi-Family
0
Businesses
7
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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 1929
77.11 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47846, Cory, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 344 (100%) |
| Owner Occupied HU | 257 (74.7%) |
| Renter Occupied HU | 48 (14.0%) |
| Vacant Housing Units | 39 (11.3%) |
| Median Home Value | $159,511 |
| Average Home Value | $281,148 |
Housing Distribution
Address Breakdown
Residential
267
Single Family
267
Multi-Family
0
Businesses
7
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices