4614 Rivers Edge DrCharlestownIN47111
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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 4614 Rivers Edge Dr, Charlestown, IN, 47111 uses $62,156 cash to close to unlock $8,234/yr annual cash flow and $686/mo monthly cash flow. Total monthly income runs $1,812/mo, and a $918/mo payment keeps the spread at $686/mo. Purchase price stands at $187,500, and rental yield measures 11.6% with $1,812/mo rent. Return on cash invested shows 33.16% in year one, and 5% annual appreciation builds toward $51,803 over five years. Five-year ROI reaches 173.69% and total cumulative return in cash records $107,959. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,812/mo property income covering a $918/mo payment rather than investor’s personal income.
Manufactured
Built in 1997
0.29 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: Todd Martin • Call it Closed Realty
Mls Name: GLARMLS
Mls ID: #1701651