7085 Wheeler RdCorydonKY42406
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
Rental property for sale in Corydon at 7085 Wheeler Rd, Corydon, KY, 42406 priced at $447,500 pairs $2,957/mo rent with $234/mo cash flow after a $2,190/mo payment. Total monthly income equals $2,957/mo, and annual cash flow comes to $2,805/yr on $148,346 invested. Return on cash invested is 21.8% in year one, and rental yield stands at 7.93% on a $447,500 basis. Equity gained on principal adds $2,888/yr, and 5% annual appreciation accumulates to $123,636 by year five. Five-year ROI measures 112.84% and total cumulative return in cash reaches $167,389. For financing, Ziffy Mortgage’s DSCR program evaluates $2,957/mo property income against a $2,190/mo payment instead of your W2s, 1099s, or Tax returns.
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
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