7045 Corydon Junction Road NE, New Salisbury, IN, 47161 | $430/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

7045 Corydon Junction Road NE, New Salisbury, IN, 47161 | $430/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

4 Bed
5 Bath
6035 sft

470 W Heidelberg Road SW, Corydon, IN, 47112

5 Bed
5 Bath
4324 sft

390 River Edge Rd, Brandenburg, KY, 40108

5 Bed
4 Bath
4053 sft

1491 Walnut Valley Rd NW, Corydon, IN, 47112

4 Bed
3 Bath
2607 sft

3255 S Devils Hollow Rd, Milltown, IN, 47145

Nearby investment properties with comparable prices

Motivated Seller+ 1 more

3 Bed
3 Bath
3600 sft

789 Ashcraft Rd, Brandenburg, KY, 40108

4 Bed
2 Bath
4275 sft

524 N Capitol Avenue, Corydon, IN, 47112

6 Bed
3 Bath
3872 sft

974 Pinewood Trail NE, New Salisbury, IN, 47161

3 Bed
3 Bath
2400 sft

4205 Highway 135 NE, Corydon, IN, 47112

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in New Salisbury at 7045 Corydon Junction Road NE, New Salisbury, IN, 47161 offers a 8.11% rental yield on a $569,900 purchase with $3,851/mo rent. Total monthly income registers $3,851/mo, and a $2,789/mo payment leaves $430/mo available for distribution. Annual cash flow reaches $5,164/yr on $187,497 to close, and return on cash invested stands at 22.81% in year one. Equity gained on principal adds $3,677/yr while 5% annual appreciation supports $157,453 over five years. Portfolio math shows five-year ROI at 118.16% and total cumulative return in cash at $221,538. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,851/mo property income against a $2,789/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Multi Family

Built in 1999

0.37 Acres lot

$N/A/sqft

No HOA

More details about the property

Great investment opportunity with excellent cashflow!! QUAD-PLEX MULTI-FAMILY APTS COMPLETELY RENTED OUT & RENOVATED FROM THE GROUND UP in 2022! This is a Must See and has GREAT income, with potential for continued increase! Located in the Center of Corydon Junction, this 3,600 Total Sq Ft Building is divided into four unique layouts (two upper and two lower), and each unit features two Bedrooms and one Full Bath. GOI of $4,700 currently. Landlord pays $30 electric, $150 water & sewer, $75 Trash, $100 Mowing, $80 Upkeep (On high side), $250 for insurance, and $278 in property taxes (Buyer is to verify what property taxes will be for them in their specific situation). All include LVP Flooring throughout, Full Kitchens, Washer-Dryer Hookups, Refrigerators, Dishwashers (in 3 of the 4 Units) Amenities include separate HVAC Systems and Water Heaters, Ceiling Fans, Energy Efficient Vinyl Windows. New Roof, New Gutters, New Paint and Trim inside, all completed in 2022. This investment comes with a Transferrable Acculevel Warrant. Plenty of parking for each unit and additional off-street parking available for guests. Additional photos are available, contact us for more information

Neighborhood Data

Neighborhood data shown for ZIP Code: 47161, New Salisbury, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,525 (100%)
Owner Occupied HU	1,218 (79.9%)
Renter Occupied HU	216 (14.2%)
Vacant Housing Units	91 ( 6.0%)
Median Home Value	$230,131
Average Home Value	$264,865