1100 N 3rd AveEvansvilleIN47710
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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 1100 N 3rd Ave, Evansville, IN, 47710 generates $1,090/mo in rent and, after a $524/mo payment, leaves $447/mo in cash flow. Total monthly income is $1,090/mo, and annual cash flow is $5,369/yr on $35,471 invested. Return on cash invested sits at 35.05% in year one, and rental yield is 12.22% on a $107,000 entry. Equity gained on principal adds $690/yr, while 5% annual appreciation builds toward $29,562 over five years. Five-year ROI reaches 183.89% and total cumulative return in cash sums $65,226. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,090/mo property income rather than buyer’s personal income.
Multi Family
Built in 1899
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47710, Evansville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,028 (100%) |
| Owner Occupied HU | 4,484 (49.7%) |
| Renter Occupied HU | 3,556 (39.4%) |
| Vacant Housing Units | 988 (10.9%) |
| Median Home Value | $169,138 |
| Average Home Value | $212,042 |
Housing Distribution
Address Breakdown
Residential
8,354
Single Family
7,255
Multi-Family
1,099
Businesses
587
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Listed by: Stacey Carpenter • KELLER WILLIAMS CAPITAL REALTY
Mls Name: IRMLS
Mls ID: #202505700