629 Us Highway 6CorunnaIN46730
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestors who prioritise long-run asset value over immediate income should consider 629 Us Highway 6, Corunna, IN, 46730 in Corunna. Rental yield 5.24%. At $699,900 with 5.24% gross yield, current distributions are modest, but the 5% appreciation rate projects $193,369 in new equity by year five, complemented by $6,446/yr in principal paydown. Ziffy Mortgage's DSCR loan (0.97) allows non-U.S. residents to acquire without W-2s or domestic credit. Total projected five-year cumulative return: $191,165.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.2% | 7.0% |
| Monthly Cash Flow | $(1,145) | $1,500 |
City averages based on Corunna market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,056 |
| Total Monthly Debt Service | $3,923 |
| DSCR Ratio | 0.78x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 2004
6.96 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46730, Corunna, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 600 (100%) |
| Owner Occupied HU | 506 (84.3%) |
| Renter Occupied HU | 69 (11.5%) |
| Vacant Housing Units | 25 ( 4.2%) |
| Median Home Value | $294,118 |
| Average Home Value | $320,963 |
Housing Distribution
Address Breakdown
Residential
449
Single Family
449
Multi-Family
0
Businesses
19
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 2004
6.96 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46730, Corunna, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 600 (100%) |
| Owner Occupied HU | 506 (84.3%) |
| Renter Occupied HU | 69 (11.5%) |
| Vacant Housing Units | 25 ( 4.2%) |
| Median Home Value | $294,118 |
| Average Home Value | $320,963 |
Housing Distribution
Address Breakdown
Residential
449
Single Family
449
Multi-Family
0
Businesses
19
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Matthew Stezowski • RE/MAX Results - Angola office
Mls Name: IRMLS
Mls Provider:
Mls ID: #202514200
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.