1566 E Morgan AveEvansvilleIN47711
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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
Rental property for sale in Evansville at 1566 E Morgan Ave, Evansville, IN, 47711 generates $1,226/mo in rent and, after a $636/mo payment, leaves $446/mo in cash flow. Total monthly income is $1,226/mo, and annual cash flow is $5,352/yr on $43,062 invested. Return on cash invested sits at 32.34% in year one, and rental yield is 11.33% on a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 169.36% and total cumulative return in cash sums $72,931. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,226/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47711, Evansville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,101 (100%) |
| Owner Occupied HU | 9,728 (69.0%) |
| Renter Occupied HU | 3,243 (23.0%) |
| Vacant Housing Units | 1,130 ( 8.0%) |
| Median Home Value | $186,195 |
| Average Home Value | $202,916 |
Housing Distribution
Address Breakdown
Residential
13,613
Single Family
13,451
Multi-Family
162
Businesses
915
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Listed by: Marc Hoeppner • @properties
Mls Name: IRMLS
Mls ID: #202549485