7626 Melrose Ln LOT 538CharlestownIN47111
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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 7626 Melrose Ln LOT 538, Charlestown, IN, 47111 offers a 8.53% rental yield on a $499,900 purchase with $3,553/mo rent. Total monthly income registers $3,553/mo, and a $2,447/mo payment leaves $552/mo available for distribution. Annual cash flow reaches $6,623/yr on $165,717 to close, and return on cash invested stands at 23.91% in year one. Equity gained on principal adds $3,226/yr while 5% annual appreciation supports $138,113 over five years. Portfolio math shows five-year ROI at 124.01% and total cumulative return in cash at $205,512. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,553/mo property income against a $2,447/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2026
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: Lynn McQuillen • Lopp Real Estate
Mls Name: GLARMLS
Mls ID: #1706871