1410 Martin LnEvansvilleIN47715
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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 1410 Martin Ln, Evansville, IN, 47715 offers a 11.18% rental yield on a $299,000 purchase with $2,785/mo rent. Total monthly income registers $2,785/mo, and a $1,463/mo payment leaves $991/mo available for distribution. Annual cash flow reaches $11,887/yr on $99,119 to close, and return on cash invested stands at 31.9% in year one. Equity gained on principal adds $1,929/yr while 5% annual appreciation supports $82,608 over five years. Portfolio math shows five-year ROI at 166.91% and total cumulative return in cash at $165,442. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,785/mo property income against a $1,463/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1964
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47715, Evansville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,106 (100%) |
| Owner Occupied HU | 7,008 (46.4%) |
| Renter Occupied HU | 7,082 (46.9%) |
| Vacant Housing Units | 1,016 ( 6.7%) |
| Median Home Value | $218,062 |
| Average Home Value | $246,752 |
Housing Distribution
Address Breakdown
Residential
14,912
Single Family
11,610
Multi-Family
3,302
Businesses
1,567
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Listed by: Kelly O'Rourke • ERA FIRST ADVANTAGE REALTY, INC
Mls Name: IRMLS
Mls ID: #202537759