1100 Erie Ave UNIT 802EvansvilleIN47715
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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 1100 Erie Ave UNIT 802, Evansville, IN, 47715 listed at $120,000 pairs $909/mo rent with a $587/mo payment to leave $189/mo cash flow. Total monthly income runs $909/mo, and annual cash flow reaches $2,268/yr on $39,780 cash to close. Return on cash invested measures 25.61% in year one, and rental yield registers 9.09% at a $120,000 basis. Equity gained on principal adds $774/yr, and annual property appreciation at 5% supports $33,154 by year five. Five-year ROI tracks 133.17% and total cumulative return in cash totals $52,975. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $909/mo property income relative to a $587/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1965
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47715, Evansville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,106 (100%) |
| Owner Occupied HU | 7,008 (46.4%) |
| Renter Occupied HU | 7,082 (46.9%) |
| Vacant Housing Units | 1,016 ( 6.7%) |
| Median Home Value | $218,062 |
| Average Home Value | $246,752 |
Housing Distribution
Address Breakdown
Residential
14,912
Single Family
11,610
Multi-Family
3,302
Businesses
1,567
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Listed by: Pam Rickenbaugh • F.C. TUCKER EMGE
Mls Name: IRMLS
Mls ID: #202523788