629 Us Highway 6CorunnaIN46730
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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
Rental property for sale in Corunna at 629 Us Highway 6, Corunna, IN, 46730 priced at $699,900 pairs $3,056/mo rent with after a $3,426/mo payment. Total monthly income equals $3,056/mo. Return on cash invested is 14.09% in year one, and rental yield stands at 5.24% on a $699,900 basis. Equity gained on principal adds $4,516/yr, and 5% annual appreciation accumulates to $193,369 by year five. Five-year ROI measures 71.37% and total cumulative return in cash reaches $164,336. For financing, Ziffy Mortgage’s DSCR program evaluates $3,056/mo property income against a $3,426/mo payment instead of your W2s, 1099s, or Tax returns.
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
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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.