1635 Hills DrEvansvilleIN47720
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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 1635 Hills Dr, Evansville, IN, 47720 generates $3,198/mo in rent and, after a $1,478/mo payment, leaves $1,321/mo in cash flow. Total monthly income is $3,198/mo, and annual cash flow is $15,850/yr on $100,113 invested. Return on cash invested sits at 35.74% in year one, and rental yield is 12.71% on a $302,000 entry. Equity gained on principal adds $1,949/yr, while 5% annual appreciation builds toward $83,437 over five years. Five-year ROI reaches 187.78% and total cumulative return in cash sums $187,996. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,198/mo property income rather than buyer’s personal income.
Single Family
Built in 2019
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47720, Evansville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,528 (100%) |
| Owner Occupied HU | 5,956 (79.1%) |
| Renter Occupied HU | 1,089 (14.5%) |
| Vacant Housing Units | 483 ( 6.4%) |
| Median Home Value | $259,054 |
| Average Home Value | $282,141 |
Housing Distribution
Address Breakdown
Residential
7,407
Single Family
7,389
Multi-Family
18
Businesses
184
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Listed by: Alexis Acton • Key Associates Signature Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202439731
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.