1812 N Dexter AveEvansvilleIN47711
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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 1812 N Dexter Ave, Evansville, IN, 47711 offers $1,492/mo rent that, after a $625/mo payment, leaves $681/mo cash flow. Total monthly income is $1,492/mo, and annual cash flow is $8,176/yr on $42,299 cash. Return on cash invested measures 39.24% in year one, and rental yield stands at 14.03% at a $127,600 entry. Equity gained on principal adds $823/yr while 5% annual appreciation compounds into $35,254 by year five. Five-year ROI records 206.77% and total cumulative return in cash reaches $87,461. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,492/mo property income versus a $625/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1939
9,540 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
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