118 Clark Road, Charlestown, IN, 47111 | $847/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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118 Clark Road, Charlestown, IN, 47111 | $847/mo Cash Flow | Ziffy

For Sale

Listed for sale today

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

Rental property for sale in Charlestown at 118 Clark Road, Charlestown, IN, 47111 priced at $227,900 pairs $2,215/mo rent with $847/mo cash flow after a $1,115/mo payment. Total monthly income equals $2,215/mo, and annual cash flow comes to $10,169/yr on $75,549 invested. Return on cash invested is 33.37% in year one, and rental yield stands at 11.66% on a $227,900 basis. Equity gained on principal adds $1,471/yr, and 5% annual appreciation accumulates to $62,965 by year five. Five-year ROI measures 174.83% and total cumulative return in cash reaches $132,079. For financing, Ziffy Mortgage’s DSCR program evaluates $2,215/mo property income against a $1,115/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 2023

5,662 sqft lot

$N/A/sqft

No HOA

More details about the property

Our cozy cottage, The Emma, is located in the historic Pleasant Ridge welcomes you with the lovely front porch. Upon opening the front door, you are drawn into the open great room and dining area. The kitchen offers a ton of natural light. There is also a pantry with a separate laundry room. The master suite is large with an attached bath and oversized closet. All room dimensions and sq.ft. are approximate and buyer should verify.

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