4503 Lake Forest CourtCharlestownIN47111
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
Investment property for sale in Charlestown at 4503 Lake Forest Court, Charlestown, IN, 47111 offers a 7.57% rental yield on a $438,000 purchase with $2,764/mo rent. Total monthly income registers $2,764/mo, and a $2,144/mo payment leaves $135/mo available for distribution. Annual cash flow reaches $1,615/yr on $145,197 to close, and return on cash invested stands at 21.02% in year one. Equity gained on principal adds $2,826/yr while 5% annual appreciation supports $121,011 over five years. Portfolio math shows five-year ROI at 108.57% and total cumulative return in cash at $157,638. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,764/mo property income against a $2,144/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
2.54 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Sara McNally • Homepage Realty
Mls Name: SIRA
Mls Provider:
Mls ID: #2025010594
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.