1814 Buchanan RdEvansvilleIN47720
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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 1814 Buchanan Rd, Evansville, IN, 47720 listed at $216,900 pairs $1,571/mo rent with a $1,062/mo payment to leave $269/mo cash flow. Total monthly income runs $1,571/mo, and annual cash flow reaches $3,223/yr on $71,902 cash to close. Return on cash invested measures 24.39% in year one, and rental yield registers 8.69% at a $216,900 basis. Equity gained on principal adds $1,400/yr, and annual property appreciation at 5% supports $59,925 by year five. Five-year ROI tracks 126.67% and total cumulative return in cash totals $91,078. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,571/mo property income relative to a $1,062/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1947
0.26 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: N/A • N/A
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