1206 Delmar 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 1206 Delmar Ave, Evansville, IN, 47712 listed at $149,900 pairs $1,367/mo rent with a $734/mo payment to leave $467/mo cash flow. Total monthly income runs $1,367/mo, and annual cash flow reaches $5,602/yr on $49,692 cash to close. Return on cash invested measures 31.18% in year one, and rental yield registers 10.94% at a $149,900 basis. Equity gained on principal adds $967/yr, and annual property appreciation at 5% supports $41,415 by year five. Five-year ROI tracks 163.07% and total cumulative return in cash totals $81,035. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,367/mo property income relative to a $734/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1934
4,356 sqft 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: Tonia Stofleth • KELLER WILLIAMS CAPITAL REALTY
Mls Name: IRMLS
Mls ID: #202603448