1300 Tower StEvansvilleIL62242
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 0% gross rental yield, 1300 Tower St, Evansville, IL, 62242 in Evansville is priced for capital growth, not immediate cash flow. The $162,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $44,758 by year five, with $1,492/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.00) qualifies for non-U.S. residents without personal income documents.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 7.0% |
| Monthly Cash Flow | $0 | $300 |
City averages based on Evansville market data in our database. Property projections are estimates.
Single Family
Built in 1935
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62242, Evansville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 687 (100%) |
| Owner Occupied HU | 455 (66.2%) |
| Renter Occupied HU | 91 (13.2%) |
| Vacant Housing Units | 141 (20.5%) |
| Median Home Value | $139,205 |
| Average Home Value | $195,698 |
Housing Distribution
Address Breakdown
Residential
525
Single Family
525
Multi-Family
0
Businesses
30
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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
Single Family
Built in 1935
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62242, Evansville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 687 (100%) |
| Owner Occupied HU | 455 (66.2%) |
| Renter Occupied HU | 91 (13.2%) |
| Vacant Housing Units | 141 (20.5%) |
| Median Home Value | $139,205 |
| Average Home Value | $195,698 |
Housing Distribution
Address Breakdown
Residential
525
Single Family
525
Multi-Family
0
Businesses
30
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Shari Hopkins • Golden Key Realty
Mls Name: MARIS
Mls ID: #25076387