7045 Corydon Junction Road NENew SalisburyIN47161
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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 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
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 |
Housing Distribution
Address Breakdown
Residential
1,489
Single Family
1,489
Multi-Family
0
Businesses
43
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Listed by: Jared Housier • Southern Homes Realty
Mls Name: SIRA
Mls ID: #2025012124