1141 Richland AveEvansvilleIN47711
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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 1141 Richland Ave, Evansville, IN, 47711 uses $79,560 cash to close to unlock $1,056/yr annual cash flow and $88/mo monthly cash flow. Total monthly income runs $1,529/mo, and a $1,175/mo payment keeps the spread at $88/mo. Purchase price stands at $240,000, and rental yield measures 7.65% with $1,529/mo rent. Return on cash invested shows 21.24% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 109.72% and total cumulative return in cash records $87,290. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,529/mo property income covering a $1,175/mo payment rather than investor’s personal income.
Single Family
Built in 1947
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47711, Evansville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,101 (100%) |
| Owner Occupied HU | 9,728 (69.0%) |
| Renter Occupied HU | 3,243 (23.0%) |
| Vacant Housing Units | 1,130 ( 8.0%) |
| Median Home Value | $186,195 |
| Average Home Value | $202,916 |
Housing Distribution
Address Breakdown
Residential
13,613
Single Family
13,451
Multi-Family
162
Businesses
915
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Listed by: Liz Miller • ERA FIRST ADVANTAGE REALTY, INC
Mls Name: IRMLS
Mls ID: #202525286