5655 Covington 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 5655 Covington Drive, Charlestown, IN, 47111 uses $143,591 cash to close to unlock $5,759/yr annual cash flow and $480/mo monthly cash flow. Total monthly income runs $3,080/mo, and a $2,120/mo payment keeps the spread at $480/mo. Purchase price stands at $433,155, and rental yield measures 8.53% with $3,080/mo rent. Return on cash invested shows 23.92% in year one, and 5% annual appreciation builds toward $119,673 over five years. Five-year ROI reaches 124.09% and total cumulative return in cash records $178,185. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,080/mo property income covering a $2,120/mo payment rather than investor’s personal income.
Single Family
Built in 2021
0.25 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: Jesse Allen • Keller Williams Louisville
Mls Name: SIRA
Mls Provider:
Mls ID: #2024011040
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.