1601 Reiter DrEvansvilleIN47712
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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 1601 Reiter Dr, Evansville, IN, 47712 generates $1,232/mo in rent, after a $1,150/mo payment. Total monthly income is $1,232/mo. Return on cash invested sits at 17.16% in year one, and rental yield is 6.29% on a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 87.88% and total cumulative return in cash sums $68,464. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,232/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
0.87 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
10,381
Single Family
9,635
Multi-Family
746
Businesses
517
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Listed by: Philip R Hooper • Berkshire Hathaway HomeServices Indiana Realty
Mls Name: IRMLS
Mls ID: #202539434