1520 S Saint James Blvd, Evansville, IN, 47714 | $780/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1520 S Saint James Blvd, Evansville, IN, 47714 | $780/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 1520 S Saint James Blvd, Evansville, IN, 47714 with 5% annual appreciation on a $195,000 basis while $1,950/mo rent supports operations. Total monthly income totals $1,950/mo and a $954/mo payment preserves $780/mo for cash returns. Annual cash flow comes to $9,358/yr on $64,643 deployed, and return on cash invested reaches 34.39% in year one. Equity gained on principal adds $1,258/yr, and five-year appreciation sums $53,875 alongside rental yield of 12%. Five-year ROI measures 180.23% and total cumulative return in cash totals $116,506.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,950/mo property income versus a $954/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1950

9,147 sqft lot

$N/A/sqft

No HOA

More details about the property

This spacious 4-bedroom, 2-bath home has been thoughtfully updated and is move-in ready! A standout feature is the oversized garage with dual access from both St. James Boulevard and Villa Drive perfect for extra parking, a workshop, or storage. It also includes a loft for additional space. Enjoy relaxing on the large, covered patio overlooking your private pool. Dont miss this rare find with plenty of space inside and out, with all the important updates already done! Some major updates pre seller include Roof ~5 years old, Hvac ~3 years, pool is 1-year, New main water line within the year, New 2nd bath within the year, New main drain within the year and water heater relatively new

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