1100 N 3rd AveEvansvilleIN47710
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid, durable, and financeable, 1100 N 3rd Ave, Evansville, IN, 47710 in Evansville earns a 12.22% gross yield at $107,000. Rent of $1,090/mo nets $447/mo after the $481/mo mortgage. The 2.27 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $29,562 and $985/yr in equity accumulation project a total cumulative return of $69,348.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.2% | 7.2% |
| Monthly Cash Flow | $447 | $450 |
City averages based on Evansville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,090 |
| Total Monthly Debt Service | $600 |
| DSCR Ratio | 1.82x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stacey Carpenter • KELLER WILLIAMS CAPITAL REALTY
Mls Name: IRMLS
Mls ID: #202505700