5960 Corydon Ramsey Road NWRamseyIN47166
INVESTMENT ANALYSIS
Investment Verdict
Solid Income5960 Corydon Ramsey Road NW, Ramsey, IN, 47166 in Ramsey is a solid income-producing rental, 8.33% gross yield, $1,908/mo rent, $257/mo net cash flow on a $275,000 buy. DSCR 1.54 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $75,977 and $2,533/yr in principal reduction project a total cumulative return of $120,615.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.3% | 7.0% |
| Monthly Cash Flow | $257 | $250 |
City averages based on Ramsey market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,908 |
| Total Monthly Debt Service | $1,541 |
| DSCR Ratio | 1.24x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1962
1.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47166, Ramsey, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 546 (100%) |
| Owner Occupied HU | 461 (84.4%) |
| Renter Occupied HU | 74 (13.6%) |
| Vacant Housing Units | 11 ( 2.0%) |
| Median Home Value | $228,611 |
| Average Home Value | $254,778 |
Housing Distribution
Address Breakdown
Residential
576
Single Family
576
Multi-Family
0
Businesses
31
Nearby investment properties with comparable rents
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 1962
1.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47166, Ramsey, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 546 (100%) |
| Owner Occupied HU | 461 (84.4%) |
| Renter Occupied HU | 74 (13.6%) |
| Vacant Housing Units | 11 ( 2.0%) |
| Median Home Value | $228,611 |
| Average Home Value | $254,778 |
Housing Distribution
Address Breakdown
Residential
576
Single Family
576
Multi-Family
0
Businesses
31
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kathy J Sanders • Kathy Jo Sanders Real Estate,
Mls Name: SIRA
Mls Provider:
Mls ID: #2024010158
Disclaimer: IDX information is provided exclusively for consumers personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.