407 Springville DriveCharlestownIN47111
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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 407 Springville Drive, Charlestown, IN, 47111 offers $1,920/mo rent that, after a $1,111/mo payment, leaves $557/mo cash flow. Total monthly income is $1,920/mo, and annual cash flow is $6,689/yr on $75,247 cash. Return on cash invested measures 28.8% in year one, and rental yield stands at 10.15% at a $226,990 entry. Equity gained on principal adds $1,465/yr while 5% annual appreciation compounds into $62,713 by year five. Five-year ROI records 150.3% and total cumulative return in cash reaches $113,098. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,920/mo property income versus a $1,111/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2026
4,356 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: Octavia Valencia • WJH Brokerage IN, LLC
Mls Name: SIRA
Mls ID: #202605457