4738 N Echo Lake Cir, Cannelton, IN, 47520 | $246/mo Cash Flow

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4738 N Echo Lake Cir, Cannelton, IN, 47520 | $246/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Cannelton at 4738 N Echo Lake Cir, Cannelton, IN, 47520 offers a 8.58% rental yield on a $214,000 purchase with $1,530/mo rent. Total monthly income registers $1,530/mo, and a $1,047/mo payment leaves $246/mo available for distribution. Annual cash flow reaches $2,950/yr on $70,941 to close, and return on cash invested stands at 24.07% in year one. Equity gained on principal adds $1,381/yr while 5% annual appreciation supports $59,124 over five years. Portfolio math shows five-year ROI at 124.9% and total cumulative return in cash at $88,607. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,530/mo property income against a $1,047/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in N/A

N/A lot

$N/A/sqft

No HOA

More details about the property

This 3 bedroom 2 bath home overlooking private Echo Lake is in excellent, move-in condition. House has front porch and lower porch to enjoy the private lake view. Echo Lake may be used for fishing and small boats. House contains all appliances, sliding patio doors which open up to the front porch or a screened in back porch. A secluded private woods can be viewed from the back porch. Property is located within a few miles from Tell City for shopping, eating and entertainment. Property contains 10 lots and one of the lots borders the lake and has a storage building for your boat or mower. Great property for easy living, fishing and it has so much to offer! $214,000.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47520, Cannelton, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,558 (100%)
Owner Occupied HU	934 (59.9%)
Renter Occupied HU	387 (24.8%)
Vacant Housing Units	237 (15.2%)
Median Home Value	$218,750
Average Home Value	$251,004