113 West DriveCharlestownIN47111
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 Charlestown at 113 West Drive, Charlestown, IN, 47111 priced at $195,500 pairs $1,981/mo rent with $783/mo cash flow after a $957/mo payment. Total monthly income equals $1,981/mo, and annual cash flow comes to $9,393/yr on $64,808 invested. Return on cash invested is 34.4% in year one, and rental yield stands at 12.16% on a $195,500 basis. Equity gained on principal adds $1,262/yr, and 5% annual appreciation accumulates to $54,013 by year five. Five-year ROI measures 180.48% and total cumulative return in cash reaches $116,963. For financing, Ziffy Mortgage’s DSCR program evaluates $1,981/mo property income against a $957/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1987
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47111, Charlestown, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,557 (100%) |
| Owner Occupied HU | 5,646 (74.7%) |
| Renter Occupied HU | 1,388 (18.4%) |
| Vacant Housing Units | 523 ( 6.9%) |
| Median Home Value | $285,076 |
| Average Home Value | $316,322 |
Housing Distribution
Address Breakdown
Residential
7,775
Single Family
7,524
Multi-Family
251
Businesses
336
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Listed by: Kelly Tillett • Green Tree Real Estate Services
Mls Name: SIRA
Mls Provider:
Mls ID: #2024011312
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.