1017 Charlet Ridge Drive, Floyds Knobs, IN, 47119 | $337/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1017 Charlet Ridge Drive, Floyds Knobs, IN, 47119 | $337/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Floyds Knobs at 1017 Charlet Ridge Drive, Floyds Knobs, IN, 47119 listed at $474,000 pairs $3,182/mo rent with a $2,320/mo payment to leave $337/mo cash flow. Total monthly income runs $3,182/mo, and annual cash flow reaches $4,040/yr on $157,131 cash to close. Return on cash invested measures 22.48% in year one, and rental yield registers 8.06% at a $474,000 basis. Equity gained on principal adds $3,059/yr, and annual property appreciation at 5% supports $130,957 by year five. Five-year ROI tracks 116.38% and total cumulative return in cash totals $182,873. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,182/mo property income relative to a $2,320/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 2015

0.28 Acres lot

$N/A/sqft

No HOA

More details about the property

This well-maintained home in the heart of Floyds Knobs features an inviting open layout with a spacious living area with fireplace and built-in bookcases, wood floors, an updated kitchen with a new gas range, center island and walk-in pantry. Enjoy your morning coffee in the light-filled sunroom or host gatherings around the custom outdoor firepit in the backyard. The finished walkout basement offers fresh new carpet, ample living space, with a large 4th bedroom with walk-in closet. The primary suite includes a private bath with jetted tub and separate shower and walk-in closet, while additional bedrooms offer flexibility for guests or home office needs. Spacious side load 3 car garage! Located in a quiet, established neighborhood close to top-rated schools, shopping, and dining.

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