1005 Charlet Ridge DriveFloyds KnobsIN47119
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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 Floyds Knobs at 1005 Charlet Ridge Drive, Floyds Knobs, IN, 47119 uses $182,595 cash to close to unlock $6,490/yr annual cash flow and $541/mo monthly cash flow. Total monthly income runs $3,872/mo, and a $2,716/mo payment keeps the spread at $541/mo. Purchase price stands at $555,000, and rental yield measures 8.37% with $3,872/mo rent. Return on cash invested shows 23.61% in year one, and 5% annual appreciation builds toward $153,336 over five years. Five-year ROI reaches 122.43% and total cumulative return in cash records $223,556. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,872/mo property income covering a $2,716/mo payment rather than investor’s personal income.
Single Family
Built in 2025
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47119, Floyds Knobs, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,705 (100%) |
| Owner Occupied HU | 4,175 (88.7%) |
| Renter Occupied HU | 368 ( 7.8%) |
| Vacant Housing Units | 162 ( 3.4%) |
| Median Home Value | $402,736 |
| Average Home Value | $442,299 |
Housing Distribution
Address Breakdown
Residential
4,687
Single Family
4,687
Multi-Family
0
Businesses
308
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Listed by: Pat Harrison • RE/MAX FIRST
Mls Name: SIRA
Mls ID: #2025010209