1113 N Werner AveEvansvilleIN47720
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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 1113 N Werner Ave, Evansville, IN, 47720 offers a 10.25% rental yield on a $199,000 purchase with $1,700/mo rent. Total monthly income registers $1,700/mo, and a $974/mo payment leaves $505/mo available for distribution. Annual cash flow reaches $6,065/yr on $65,969 to close, and return on cash invested stands at 29.1% in year one. Equity gained on principal adds $1,284/yr while 5% annual appreciation supports $54,980 over five years. Portfolio math shows five-year ROI at 151.94% and total cumulative return in cash at $100,230. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,700/mo property income against a $974/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1958
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47720, Evansville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,528 (100%) |
| Owner Occupied HU | 5,956 (79.1%) |
| Renter Occupied HU | 1,089 (14.5%) |
| Vacant Housing Units | 483 ( 6.4%) |
| Median Home Value | $259,054 |
| Average Home Value | $282,141 |
Housing Distribution
Address Breakdown
Residential
7,407
Single Family
7,389
Multi-Family
18
Businesses
184
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Listed by: Jennifer McBride • KELLER WILLIAMS CAPITAL REALTY
Mls Name: IRMLS
Mls ID: #202538347