430 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
Investment property for sale in Charlestown at 430 Springville Drive, Charlestown, IN, 47111 uses $81,878 cash to close to unlock $5,247/yr annual cash flow and $437/mo monthly cash flow. Total monthly income runs $1,920/mo, and a $1,209/mo payment keeps the spread at $437/mo. Purchase price stands at $246,991, and rental yield measures 9.33% with $1,920/mo rent. Return on cash invested shows 26.32% in year one, and 5% annual appreciation builds toward $68,239 over five years. Five-year ROI reaches 137.01% and total cumulative return in cash records $112,177. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,920/mo property income covering a $1,209/mo payment rather than investor’s personal income.
Single Family
Built in 2025
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: #202509962