1019 Ravenswood DrEvansvilleIN47714
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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 Evansville at 1019 Ravenswood Dr, Evansville, IN, 47714 uses $72,897 cash to close to unlock $5,355/yr annual cash flow and $446/mo monthly cash flow. Total monthly income runs $1,766/mo, and a $1,076/mo payment keeps the spread at $446/mo. Purchase price stands at $219,900, and rental yield measures 9.64% with $1,766/mo rent. Return on cash invested shows 27.26% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 142.05% and total cumulative return in cash records $103,552. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,766/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Single Family
Built in 1935
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47714, Evansville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,625 (100%) |
| Owner Occupied HU | 7,947 (50.9%) |
| Renter Occupied HU | 5,921 (37.9%) |
| Vacant Housing Units | 1,757 (11.2%) |
| Median Home Value | $150,643 |
| Average Home Value | $196,114 |
Housing Distribution
Address Breakdown
Residential
14,661
Single Family
13,749
Multi-Family
912
Businesses
674
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Listed by: Courtnay Begle • Elite Home and Land Realty
Mls Name: IRMLS
Mls ID: #202538232