7085 Wheeler RdCorydonKY42406
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderSolid fundamentals define the investment case at 7085 Wheeler Rd, Corydon, KY, 42406 in Corydon: $2,957/mo in rent, $233/mo in net income, 7.93% gross yield, 1.47 DSCR, all at $447,500. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $123,636 in appreciation and $4,122/yr in principal paydown projects total cumulative return of $184,519.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.9% | 6.1% |
| Monthly Cash Flow | $233 | $1,200 |
City averages based on Corydon market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,957 |
| Total Monthly Debt Service | $2,546 |
| DSCR Ratio | 1.16x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1996
5.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42406, Corydon, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,219 (100%) |
| Owner Occupied HU | 880 (72.2%) |
| Renter Occupied HU | 189 (15.5%) |
| Vacant Housing Units | 150 (12.3%) |
| Median Home Value | $242,222 |
| Average Home Value | $310,105 |
Housing Distribution
Address Breakdown
Residential
985
Single Family
985
Multi-Family
0
Businesses
30
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
Single Family
Built in 1996
5.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 42406, Corydon, KY area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,219 (100%) |
| Owner Occupied HU | 880 (72.2%) |
| Renter Occupied HU | 189 (15.5%) |
| Vacant Housing Units | 150 (12.3%) |
| Median Home Value | $242,222 |
| Average Home Value | $310,105 |
Housing Distribution
Address Breakdown
Residential
985
Single Family
985
Multi-Family
0
Businesses
30
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices