1116 SE 1st StEvansvilleIN47713
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 1116 SE 1st St, Evansville, IN, 47713 in Evansville. Priced at $180,000, it generates $1,921/mo in gross rent and $841/mo in net monthly cash flow, a 12.81% yield that comfortably supports the 2.37 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $10,088. Five-year appreciation: $49,731. Equity from principal paydown: $1,658/yr. Total projected cumulative return: $122,239.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.8% | 7.2% |
| Monthly Cash Flow | $841 | $450 |
City averages based on Evansville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,921 |
| Total Monthly Debt Service | $1,009 |
| DSCR Ratio | 1.90x |
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 1889
8,712 sqft lot
$N/A/sqft
No HOA
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 1889
8,712 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lucas A Neuffer • Pinnacle Realty Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202425102
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.