3808 County Road 160CharlestownIN47111
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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
Investment property for sale in Charlestown at 3808 County Road 160, Charlestown, IN, 47111 uses $96,102 cash to close to unlock $2,600/yr annual cash flow and $217/mo monthly cash flow. Total monthly income runs $1,957/mo, and a $1,419/mo payment keeps the spread at $217/mo. Purchase price stands at $289,900, and rental yield measures 8.1% with $1,957/mo rent. Return on cash invested shows 22.61% in year one, and 5% annual appreciation builds toward $80,094 over five years. Five-year ROI reaches 117.11% and total cumulative return in cash records $112,545. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,957/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Single Family
Built in 2020
0.92 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: Michelle Schnell-Gammons • 1% Lists Purple Door IN KY
Mls Name: SIRA
Mls ID: #2025010250