101 SE 3rd St APT 3EEvansvilleIN47708
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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
Total monthly income runs $2,598/mo, and a $4,062/mo payment. Purchase price stands at $829,900, and rental yield measures 3.76% with $2,598/mo rent. Return on cash invested shows -0.33% in year one, and 5% annual appreciation builds toward $229,286 over five years. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,598/mo property income covering a $4,062/mo payment rather than investor’s personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
$1,400 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47708, Evansville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 696 (100%) |
| Owner Occupied HU | 86 (12.4%) |
| Renter Occupied HU | 349 (50.1%) |
| Vacant Housing Units | 261 (37.5%) |
| Median Home Value | $263,889 |
| Average Home Value | $301,163 |
Housing Distribution
Address Breakdown
Residential
461
Single Family
263
Multi-Family
198
Businesses
508
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Listed by: Carolyn S McClintock • F.C. TUCKER EMGE
Mls Name: IRMLS
Mls Provider:
Mls ID: #202511171
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