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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Charlestown at 320 Highland Drive, Charlestown, IN, 47111 offers $1,372/mo rent that, after a $1,077/mo payment, leaves $51/mo cash flow. Total monthly income is $1,372/mo, and annual cash flow is $614/yr on $72,930 cash. Return on cash invested measures 20.75% in year one, and rental yield stands at 7.48% at a $219,999 entry. Equity gained on principal adds $1,420/yr while 5% annual appreciation compounds into $60,782 by year five. Five-year ROI records 107.16% and total cumulative return in cash reaches $78,155. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,372/mo property income versus a $1,077/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
5,776 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47111, Charlestown, IN area.
| 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 |
Residential
7,775
Single Family
7,524
Multi-Family
251
Businesses
336
Date | Event | Price |
|---|---|---|
| 2025-05-23 | Listed for sale | $219,999 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-05-26 | $63.98 | -4.85% | $10,000 | 284.62% |
| 2022-05-26 | $67.24 | -3.42% | $2,600 | N/A |
| 2021-05-26 | $69.62 | 1.75% | $2,600 | N/A |
Listed by: David Branham • KGF Realty, LLC
Mls Name: SIRA
Mls Provider:
Mls ID: #202508233
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.
