1519 Johnson Ln, Evansville, IN, 47712 | $574/mo Cash Flow

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1519 Johnson Ln, Evansville, IN, 47712 | $574/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 1519 Johnson Ln, Evansville, IN, 47712 offers a 9.59% rental yield on a $289,000 purchase with $2,309/mo rent. Total monthly income registers $2,309/mo, and a $1,415/mo payment leaves $574/mo available for distribution. Annual cash flow reaches $6,884/yr on $95,804 to close, and return on cash invested stands at 27.09% in year one. Equity gained on principal adds $1,865/yr while 5% annual appreciation supports $79,845 over five years. Portfolio math shows five-year ROI at 141.14% and total cumulative return in cash at $135,218. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,309/mo property income against a $1,415/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1949

0.89 Acres lot

$N/A/sqft

No HOA

More details about the property

Looking for your dream home located on Evansville West Side? ALMOST an acre of land! This stunning 4 bedroom, 2 bath home has all the upgrades you could ever dream of! From new LVP flooring to updated 200 amp electrical panel and wiring. This spacious home features a large kitchen that's perfect for hosting parties and get-togethers. It offers four bedroomsthree upstairs and one conveniently located on the main floor. The kitchen opens up to a cozy family room complete with a beautiful fireplace. A generous living room perfect for gatherings or quiet evenings, and an above-ground pool with a deckperfect for summer fun and outdoor entertaining.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47712, Evansville, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	11,417 (100%)
Owner Occupied HU	6,822 (59.8%)
Renter Occupied HU	3,381 (29.6%)
Vacant Housing Units	1,214 (10.6%)
Median Home Value	$224,192
Average Home Value	$254,495