1712 Washington 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 1712 Washington Ave, Evansville, IN, 47714 uses $53,040 cash to close to unlock $15,344/yr annual cash flow and $1,279/mo monthly cash flow. Total monthly income runs $2,239/mo, and a $783/mo payment keeps the spread at $1,279/mo. Purchase price stands at $160,000, and rental yield measures 16.79% with $2,239/mo rent. Return on cash invested shows 48.84% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 257.72% and total cumulative return in cash records $136,694. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,239/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1942
7,840 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: Jane Z Crowley • RE/MAX REVOLUTION
Mls Name: IRMLS
Mls ID: #202534576