5385 Corydon Ridge Road NE, Corydon, IN, 47112 | $246/mo Cash Flow

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5385 Corydon Ridge Road NE, Corydon, IN, 47112 | $246/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Corydon at 5385 Corydon Ridge Road NE, Corydon, IN, 47112 uses $104,389 cash to close to unlock $2,952/yr annual cash flow and $246/mo monthly cash flow. Total monthly income runs $2,136/mo, and a $1,541/mo payment keeps the spread at $246/mo. Purchase price stands at $314,900, and rental yield measures 8.14% with $2,136/mo rent. Return on cash invested shows 22.74% in year one, and 5% annual appreciation builds toward $87,001 over five years. Five-year ROI reaches 117.75% and total cumulative return in cash records $122,914. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,136/mo property income covering a $1,541/mo payment rather than investor’s personal income.

Single Family

Built in 1979

1 Acres lot

$N/A/sqft

No HOA

More details about the property

Get ready to be impressed! This updated 2,201sqft 2bed/2bath property (with a finished basement!) offers an open floor plan and sits on a full 1-acre lot in the Lanesville Community Schools district! The kitchen features a breakfast bar and plenty of cabinet space, opening right into a large dining area that's perfect for everyday meals or gatherings. The living room includes a large window that fills the space with natural light and gives a great view of the outdoors! Talk about a perfect staycation or maybe an Airbnb?! The large primary bedroom has two separate closets, with a full bath located close by. The second bedroom is also generously sized and has access to another full bathroom. The basement adds more living space with a family room, laundry area, and extra storage. The attached garage offers additional room and the wraparound driveway provides tons of parking options. You'll love spending time in the backyard setup. A tiered deck extends off the back of the house and includes its own grilling area. A newer gazebo adds a great spot to relax and there's tons of potential to spruce up the landscaping this spring/summer! There's also a custom-built storage shed from 2023. Recent upgrades include new windows and interior/exterior doors (2018), a new roof with gutters and downspouts (2022), and replaced deck boards along with a new 1212 outdoor gazebo added in 2024. This home has been thoughtfully updated and is truly move-in ready

Neighborhood Data

Neighborhood data shown for ZIP Code: 47112, Corydon, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	7,518 (100%)
Owner Occupied HU	5,454 (72.5%)
Renter Occupied HU	1,630 (21.7%)
Vacant Housing Units	434 ( 5.8%)
Median Home Value	$258,075
Average Home Value	$277,533