118-120 Walnut StEvansvilleIN47708
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 1.52% gross rental yield, 118-120 Walnut St, Evansville, IN, 47708 in Evansville is priced for capital growth, not immediate cash flow. The $1,100,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $303,910 by year five, with $10,131/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.28) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $80,939.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 1.5% | 7.2% |
| Monthly Cash Flow | $(5,210) | $450 |
City averages based on Evansville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,393 |
| Total Monthly Debt Service | $6,165 |
| DSCR Ratio | 0.23x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1934
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47708, Evansville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 696 (100%) |
| Owner Occupied HU | 86 (12.4%) |
| Renter Occupied HU | 349 (50.1%) |
| Vacant Housing Units | 261 (37.5%) |
| Median Home Value | $263,889 |
| Average Home Value | $301,163 |
Housing Distribution
Address Breakdown
Residential
461
Single Family
263
Multi-Family
198
Businesses
508
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 1934
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47708, Evansville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 696 (100%) |
| Owner Occupied HU | 86 (12.4%) |
| Renter Occupied HU | 349 (50.1%) |
| Vacant Housing Units | 261 (37.5%) |
| Median Home Value | $263,889 |
| Average Home Value | $301,163 |
Housing Distribution
Address Breakdown
Residential
461
Single Family
263
Multi-Family
198
Businesses
508
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stacy J Stevens • Landmark Realty & Development, Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202532726
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.