1116 SE 1st StEvansvilleIN47713
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
Investment Highlights
Investment property for sale in Evansville at 1116 SE 1st St, Evansville, IN, 47713 listed at $180,000 pairs $1,921/mo rent with a $881/mo payment to leave $841/mo cash flow. Total monthly income runs $1,921/mo, and annual cash flow reaches $10,086/yr on $59,670 cash to close. Return on cash invested measures 36.81% in year one, and rental yield registers 12.81% at a $180,000 basis. Equity gained on principal adds $1,162/yr, and annual property appreciation at 5% supports $49,731 by year five. Five-year ROI tracks 193.27% and total cumulative return in cash totals $115,325. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,921/mo property income relative to a $881/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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.