409 Springville DrCharlestownIN47111
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 409 Springville Dr, Charlestown, IN, 47111 priced at $242,990 pairs $2,148/mo rent with $690/mo cash flow after a $1,189/mo payment. Total monthly income equals $2,148/mo, and annual cash flow comes to $8,276/yr on $80,551 invested. Return on cash invested is 30.18% in year one, and rental yield stands at 10.61% on a $242,990 basis. Equity gained on principal adds $1,568/yr, and 5% annual appreciation accumulates to $67,134 by year five. Five-year ROI measures 157.71% and total cumulative return in cash reaches $127,037. For financing, Ziffy Mortgage’s DSCR program evaluates $2,148/mo property income against a $1,189/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2026
N/A 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: N/A • Century Complete
Mls Name: Century Communities
Mls Provider:
Mls ID: #N/A