1500 Kennel Dr, Evansville, IN, 47710 | $214/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1500 Kennel Dr, Evansville, IN, 47710 | $214/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Evansville at 1500 Kennel Dr, Evansville, IN, 47710 uses $94,478 cash to close to unlock $2,569/yr annual cash flow and $214/mo monthly cash flow. Total monthly income runs $1,925/mo, and a $1,395/mo payment keeps the spread at $214/mo. Purchase price stands at $285,000, and rental yield measures 8.11% with $1,925/mo rent. Return on cash invested shows 22.63% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 117.22% and total cumulative return in cash records $110,742. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,925/mo property income covering a $1,395/mo payment rather than investor’s personal income.

Condo

Built in 2020

N/A lot

$N/A/sqft

No HOA

More details about the property

Enjoy modern living with the comfort and convenience of a private home in this beautifully maintained 3-bedroom, 2-bathroom stand-alone condo. Step through the charming covered front porch into a spacious, open-concept living area, where the living room flows seamlessly into the well-appointed kitchen. The kitchen features abundant cabinetry, sleek stone countertops, stainless steel appliances, and a central islandperfect for casual dining and entertaining. The primary bedroom offers a generous walk-in closet and a stylish ensuite bathroom with a tiled standing shower. Two additional bedrooms provide flexible living optionsone could be used as a home office with direct access to the backyard. A shared full bath serves the secondary bedrooms. Additional highlights include Main-floor laundry hookups, an attached 1.5-car garage, and a Fenced-in backyard patio ideal for outdoor relaxation or entertaining. The HOA coverage includes: Exterior maintenance (lawncare), water, sewer, trash, snow removal, and building insurance.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47710, Evansville, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,028 (100%)
Owner Occupied HU	4,484 (49.7%)
Renter Occupied HU	3,556 (39.4%)
Vacant Housing Units	988 (10.9%)
Median Home Value	$169,138
Average Home Value	$212,042