6506 Cornerstone DriveFloyds KnobsIN47119
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
Investment Highlights
Investment property for sale in Floyds Knobs at 6506 Cornerstone Drive, Floyds Knobs, IN, 47119 uses $160,744 cash to close to unlock $6,751/yr annual cash flow and $563/mo monthly cash flow. Total monthly income runs $3,473/mo, and a $2,373/mo payment keeps the spread at $563/mo. Purchase price stands at $484,900, and rental yield measures 8.59% with $3,473/mo rent. Return on cash invested shows 24.11% in year one, and 5% annual appreciation builds toward $133,969 over five years. Five-year ROI reaches 125.12% and total cumulative return in cash records $201,127. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,473/mo property income covering a $2,373/mo payment rather than investor’s personal income.
Single Family
Built in 1996
0.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47119, Floyds Knobs, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,705 (100%) |
| Owner Occupied HU | 4,175 (88.7%) |
| Renter Occupied HU | 368 ( 7.8%) |
| Vacant Housing Units | 162 ( 3.4%) |
| Median Home Value | $402,736 |
| Average Home Value | $442,299 |
Housing Distribution
Address Breakdown
Residential
4,687
Single Family
4,687
Multi-Family
0
Businesses
308
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Hannah Paul • RE/MAX FIRST
Mls Name: SIRA
Mls ID: #2025010120