179 5th Street, Charlestown, IN, 47111 | $503/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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179 5th Street, Charlestown, IN, 47111 | $503/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 Charlestown at 179 5th Street, Charlestown, IN, 47111 uses $76,245 cash to close to unlock $6,037/yr annual cash flow and $503/mo monthly cash flow. Total monthly income runs $1,884/mo, and a $1,126/mo payment keeps the spread at $503/mo. Purchase price stands at $230,000, and rental yield measures 9.83% with $1,884/mo rent. Return on cash invested shows 27.83% in year one, and 5% annual appreciation builds toward $63,545 over five years. Five-year ROI reaches 145.12% and total cumulative return in cash records $110,647. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,884/mo property income covering a $1,126/mo payment rather than investor’s personal income.

Single Family

Built in 2003

0.42 Acres lot

$N/A/sqft

No HOA

More details about the property

Your New Home has that Feeling of Country Living with the Advantages of being In Town. Upon Entering the Front Door, the Open Concept Gives You Plenty of Space to Relax or Entertain Family/Friends. The Eat In Kitchen Boasts Plenty of Cabinet and Counter Space and a Full Array of Appliances. Owners Suite is Perfect for "Me Time", has a Huge Walk In Closet, a Master Bath w/ Double Vanity, Walk In Shower and a Soaking Tub. 2 More Bedrooms and another Full Bath Gives Space for Others to Enjoy Their Alone Time. This 2003 Modular Home has been Well Maintained with Crawl Space on a Full Concrete Slab, 2 Year Old Roof, HVAC System and Huge Front Deck with Handicap Ramp. Plenty Of Room for Outside Entertaining with .46 Acres, Full Fenced in Backyard and Oversized 2 Car Garage. This Home is Just Minutes From the Ever Growing River Ridge Development, 10 Minutes to Jeffersonville, I - 265 and Access to Dining, Shopping and Entertainment of ALL of Southern Indiana and Louisville. Come Check Out Your New Home by Scheduling Your Private Showing Today!

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