Norway Plan, Walnut Creek, Charlestown, IN, 47111 | $89/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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Norway Plan, Walnut Creek, Charlestown, IN, 47111 | $89/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

Rental property for sale in Charlestown at Norway Plan, Walnut Creek, Charlestown, IN, 47111 priced at $342,990 converts $2,148/mo rent into $89/mo cash flow after a $1,679/mo obligation. Total monthly income equals $2,148/mo, and annual cash flow totals $1,066/yr on $113,701 invested. Return on cash invested prints 20.85% in year one, and rental yield reads 7.52% against a $342,990 entry. Equity gained on principal adds $2,213/yr, while 5% annual appreciation compiles into $94,762 by year five. Five-year ROI reaches 107.63% and total cumulative return in cash sums $122,373. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,148/mo property income covering a $1,679/mo payment, not borrower’s personal income.

Single Family

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

One of our newest floor plans and has quickly become one of our most popular. The open kitchen facing the large Great Room separated by a long bar-top is perfect for everything from late night entertaining to homework sessions, just one example of the flexibility of this floor plan. The den can also become a first floor 5th bedroom. The upstairs includes a loft, laundry room and a total of 4 walk-in closets.

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