1033 Burdette AveEvansvilleIN47714
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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 1033 Burdette Ave, Evansville, IN, 47714 with 5% annual appreciation on a $145,000 basis while $1,161/mo rent supports operations. Total monthly income totals $1,161/mo and a $710/mo payment preserves $290/mo for cash returns. Annual cash flow comes to $3,483/yr on $48,068 deployed, and return on cash invested reaches 27.16% in year one. Equity gained on principal adds $936/yr, and five-year appreciation sums $40,061 alongside rental yield of 9.61%. Five-year ROI measures 141.54% and total cumulative return in cash totals $68,036.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,161/mo property income versus a $710/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 1965
N/A 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: Carson Lowry • RE/MAX REVOLUTION
Mls Name: IRMLS
Mls ID: #202600770