1563 Vann 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 1563 Vann Ave, Evansville, IN, 47714 uses $38,123 cash to close to unlock $5,094/yr annual cash flow and $425/mo monthly cash flow. Total monthly income runs $1,115/mo, and a $563/mo payment keeps the spread at $425/mo. Purchase price stands at $115,000, and rental yield measures 11.63% with $1,115/mo rent. Return on cash invested shows 33.27% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 174.28% and total cumulative return in cash records $66,441. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,115/mo property income covering a $563/mo payment rather than investor’s personal income.
Single Family
Built in 1947
6,708 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: Jonathan R Baker • BAKER AUCTION & REALTY
Mls Name: IRMLS
Mls ID: #202535349