1812 E Morgan AveEvansvilleIN47711
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
Investment property for sale in Evansville at 1812 E Morgan Ave, Evansville, IN, 47711 earns $278/mo cash flow from $1,122/mo rent with a $685/mo payment. Total monthly income totals $1,122/mo, and annual cash flow totals $3,337/yr on $46,377 capital. ROI tracks 27.1% on current figures, and rental yield reads 9.62% at a $139,900 purchase. Equity gained on principal adds $903/yr, and 5% annual appreciation supports $38,652 over five years. Five-year ROI reaches 141.34% and total cumulative return in cash sums $65,547. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,122/mo property income instead of your personal income.
Single Family
Built in 1939
4,356 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mark Albini • eXp Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202508507
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.