1613 Southeast BlvdEvansvilleIN47714
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 1613 Southeast Blvd, Evansville, IN, 47714 priced at $318,000 converts $2,295/mo rent into $289/mo cash flow after a $1,556/mo obligation. Total monthly income equals $2,295/mo, and annual cash flow totals $3,462/yr on $105,417 invested. Return on cash invested prints 23.19% in year one, and rental yield reads 8.66% against a $318,000 entry. Equity gained on principal adds $2,052/yr, while 5% annual appreciation compiles into $87,858 by year five. Five-year ROI reaches 120.63% and total cumulative return in cash sums $127,163. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,295/mo property income covering a $1,556/mo payment, not borrower’s personal income.
Single Family
Built in 1931
9,970 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: David Ernspiger • RE/MAX REVOLUTION
Mls Name: IRMLS
Mls Provider:
Mls ID: #202518075
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.