116 Althaus AveEvansvilleIN47712
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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 116 Althaus Ave, Evansville, IN, 47712 with 5% annual appreciation on a $140,000 basis while $1,211/mo rent supports operations. Total monthly income totals $1,211/mo and a $685/mo payment preserves $371/mo for cash returns. Annual cash flow comes to $4,450/yr on $46,410 deployed, and return on cash invested reaches 29.5% in year one. Equity gained on principal adds $903/yr, and five-year appreciation sums $38,679 alongside rental yield of 10.38%. Five-year ROI measures 154.02% and total cumulative return in cash totals $71,482.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,211/mo property income versus a $685/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1921
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47712, Evansville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,417 (100%) |
| Owner Occupied HU | 6,822 (59.8%) |
| Renter Occupied HU | 3,381 (29.6%) |
| Vacant Housing Units | 1,214 (10.6%) |
| Median Home Value | $224,192 |
| Average Home Value | $254,495 |
Housing Distribution
Address Breakdown
Residential
10,381
Single Family
9,635
Multi-Family
746
Businesses
517
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Listed by: William Hitch • Midwest Land & Lifestyle, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202534014
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.