6420 Corydon Ridge Rd NECorydonIN47112
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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 Corydon at 6420 Corydon Ridge Rd NE, Corydon, IN, 47112 offers a 6.92% rental yield on a $241,500 purchase with $1,392/mo rent. 62% in year one. Equity gained on principal adds $1,558/yr while 5% annual appreciation supports $66,722 over five years. Portfolio math shows five-year ROI at 95.82% and total cumulative return in cash at $76,709. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,392/mo property income against a $1,182/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1961
34.86 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
7,164
Single Family
6,983
Multi-Family
181
Businesses
647
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