8430 Corydon Ramsey Road NWRamseyIN47166
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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 Ramsey at 8430 Corydon Ramsey Road NW, Ramsey, IN, 47166 earns $889/mo cash flow from $2,075/mo rent with a $967/mo payment. Total monthly income totals $2,075/mo, and annual cash flow totals $10,669/yr on $65,471 capital. ROI tracks 36.21% on current figures, and rental yield reads 12.61% at a $197,500 purchase. Equity gained on principal adds $1,274/yr, and 5% annual appreciation supports $54,566 over five years. Five-year ROI reaches 190.07% and total cumulative return in cash sums $124,443. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,075/mo property income instead of your personal income.
Single Family
Built in 2002
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47166, Ramsey, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 546 (100%) |
| Owner Occupied HU | 461 (84.4%) |
| Renter Occupied HU | 74 (13.6%) |
| Vacant Housing Units | 11 ( 2.0%) |
| Median Home Value | $228,611 |
| Average Home Value | $254,778 |
Housing Distribution
Address Breakdown
Residential
576
Single Family
576
Multi-Family
0
Businesses
31
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Listed by: Payton Ward • Ward Realty Services
Mls Name: SIRA
Mls Provider:
Mls ID: #202409304
Disclaimer: IDX information is provided exclusively for consumers personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.