116 Madison AveEvansvilleIN47713
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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
Rental property for sale in Evansville at 116 Madison Ave, Evansville, IN, 47713 priced at $175,350 converts $1,950/mo rent into $898/mo cash flow after a $858/mo obligation. Total monthly income equals $1,950/mo, and annual cash flow totals $10,772/yr on $58,129 invested. Return on cash invested prints 38.44% in year one, and rental yield reads 13.34% against a $175,350 entry. Equity gained on principal adds $1,132/yr, while 5% annual appreciation compiles into $48,446 by year five. Five-year ROI reaches 202% and total cumulative return in cash sums $117,417. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,950/mo property income covering a $858/mo payment, not borrower’s personal income.
Single Family
Built in 2007
4,791 sqft lot
$N/A/sqft
No HOA
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Listed by: Grant A Waldroup • F.C. TUCKER EMGE
Mls Name: IRMLS
Mls Provider:
Mls ID: #202518731
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