5644 W State Road 46CoryIN47846
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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 Cory at 5644 W State Road 46, Cory, IN, 47846 listed at $189,600 pairs $1,742/mo rent with a $928/mo payment to leave $604/mo cash flow. Total monthly income runs $1,742/mo, and annual cash flow reaches $7,246/yr on $62,852 cash to close. Return on cash invested measures 31.44% in year one, and rental yield registers 11.03% at a $189,600 basis. Equity gained on principal adds $1,223/yr, and annual property appreciation at 5% supports $52,383 by year five. Five-year ROI tracks 164.41% and total cumulative return in cash totals $103,339. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,742/mo property income relative to a $928/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1973
20 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
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