The Emerald Plan, Rock SpringsCharlestownIN47111
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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 The Emerald Plan, Rock Springs, Charlestown, IN, 47111 priced at $273,900 converts $1,881/mo rent into after a $1,341/mo obligation. Total monthly income equals $1,881/mo. Return on cash invested prints 19.73% in year one, and rental yield reads 8.24% against a $273,900 entry. Equity gained on principal adds $1,767/yr, while 5% annual appreciation compiles into $75,674 by year five. Five-year ROI reaches 102.85% and total cumulative return in cash sums $93,386. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,881/mo property income covering a $1,341/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
$250 monthly 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: N/A • Premier Homes of Southern Indiana
Mls Name: Premier Homes IN
Mls ID: #N/A