15 Charles PlaceCharlestownIN47111
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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
Rental property for sale in Charlestown at 15 Charles Place, Charlestown, IN, 47111 offers $1,451/mo rent that, after a $881/mo payment, leaves $371/mo cash flow. Total monthly income is $1,451/mo, and annual cash flow is $4,447/yr on $59,637 cash. Return on cash invested measures 27.37% in year one, and rental yield stands at 9.68% at a $179,900 entry. Equity gained on principal adds $1,161/yr while 5% annual appreciation compounds into $49,703 by year five. Five-year ROI records 142.62% and total cumulative return in cash reaches $85,053. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,451/mo property income versus a $881/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
5,998 sqft 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: Michelle Schnell-Gammons • 1% Lists Purple Door IN KY
Mls Name: SIRA
Mls ID: #2025010913