712 Main StreetCharlestownIN47111
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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
Rental property for sale in Charlestown at 712 Main Street, Charlestown, IN, 47111 priced at $150,000 converts $1,103/mo rent into $203/mo cash flow after a $734/mo obligation. Total monthly income equals $1,103/mo, and annual cash flow totals $2,433/yr on $49,725 invested. Return on cash invested prints 24.8% in year one, and rental yield reads 8.82% against a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation compiles into $41,442 by year five. Five-year ROI reaches 128.88% and total cumulative return in cash sums $64,086. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,103/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in 1820
6,098 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: Melissa Whobrey • Angel Perry & Associates, LLC
Mls Name: SIRA
Mls Provider:
Mls ID: #2024010655
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.