101 Althaus AveEvansvilleIN47712
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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 Evansville at 101 Althaus Ave, Evansville, IN, 47712 generates $1,128/mo in rent and, after a $709/mo payment, leaves $258/mo in cash flow. Total monthly income is $1,128/mo, and annual cash flow is $3,101/yr on $48,034 invested. Return on cash invested sits at 26.36% in year one, and rental yield is 9.34% on a $144,900 entry. Equity gained on principal adds $935/yr, while 5% annual appreciation builds toward $40,033 over five years. Five-year ROI reaches 137.25% and total cumulative return in cash sums $65,929. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,128/mo property income rather than buyer’s personal income.
Multi Family
Built in 1920
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47712, Evansville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,417 (100%) |
| Owner Occupied HU | 6,822 (59.8%) |
| Renter Occupied HU | 3,381 (29.6%) |
| Vacant Housing Units | 1,214 (10.6%) |
| Median Home Value | $224,192 |
| Average Home Value | $254,495 |
Housing Distribution
Address Breakdown
Residential
10,381
Single Family
9,635
Multi-Family
746
Businesses
517
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Listed by: William L Long • HELFRICH REALTY CO
Mls Name: IRMLS
Mls ID: #202536812