1509 Harmony Way, Evansville, IN, 47720 | $90/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1509 Harmony Way, Evansville, IN, 47720 | $90/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 1509 Harmony Way, Evansville, IN, 47720 earns $90/mo cash flow from $1,440/mo rent with a $1,101/mo payment. Total monthly income totals $1,440/mo, and annual cash flow totals $1,075/yr on $74,588 capital. ROI tracks 21.35% on current figures, and rental yield reads 7.68% at a $225,000 purchase. Equity gained on principal adds $1,452/yr, and 5% annual appreciation supports $62,163 over five years. Five-year ROI reaches 110.35% and total cumulative return in cash sums $82,305. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,440/mo property income instead of your personal income.

Single Family

Built in 1928

0.63 Acres lot

$N/A/sqft

No HOA

More details about the property

Charming Bungalow located on the Westside of Evansville close to Mesker Park Zoo and golf course. This beautiful home has the perfect all season sunroom to start your day with a morning cup of coffee and newspaper on your porch swing. The living room offers a cozy reading nook with built-in wooden bookshelves and leads into the large eat-in kitchen. The kitchen features an abundance of cabinetry, a breakfast bar, and access to the large open deck overlooking your garden perfect for family gatherings. There is a bedroom and sunken office space on the main level and a full bath with tub/shower combo. The upper level offers a spacious bedroom and an open bonus area to lounge or have a play area. The finished basement provides extra living space in the family room, full bath with walk-in shower, double vanity, and an owners suite with a walk-in closet and an additional sitting area. The laundry area provides a utility sink and folding table. This home has been thoughtfully laid out to utilize every amount of space in a creative way! The best part, the 2.5 car detached garage with workshop space, and the tree lined back yard provides ample amount of space for pets or a swimming pool. If you're looking for a well-maintained home in a desirable area on the Westside, this is definitely a must see!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47720, Evansville, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	7,528 (100%)
Owner Occupied HU	5,956 (79.1%)
Renter Occupied HU	1,089 (14.5%)
Vacant Housing Units	483 ( 6.4%)
Median Home Value	$259,054
Average Home Value	$282,141