1506 Cass AveEvansvilleIN47714
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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 1506 Cass Ave, Evansville, IN, 47714 earns $230/mo cash flow from $1,167/mo rent with a $764/mo payment. Total monthly income totals $1,167/mo, and annual cash flow totals $2,761/yr on $51,714 capital. ROI tracks 25.25% on current figures, and rental yield reads 8.98% at a $156,000 purchase. Equity gained on principal adds $1,007/yr, and 5% annual appreciation supports $43,100 over five years. Five-year ROI reaches 131.33% and total cumulative return in cash sums $67,914. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,167/mo property income instead of your personal income.
Single Family
Built in 1945
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47714, Evansville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,625 (100%) |
| Owner Occupied HU | 7,947 (50.9%) |
| Renter Occupied HU | 5,921 (37.9%) |
| Vacant Housing Units | 1,757 (11.2%) |
| Median Home Value | $150,643 |
| Average Home Value | $196,114 |
Housing Distribution
Address Breakdown
Residential
14,661
Single Family
13,749
Multi-Family
912
Businesses
674
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Listed by: Darwin Fleagle • Home & Harvest Properties LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202523388
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.