2011 E Blackford 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
Rental property for sale in Evansville at 2011 E Blackford Ave, Evansville, IN, 47714 offers $1,107/mo rent that, after a $562/mo payment, leaves $393/mo cash flow. Total monthly income is $1,107/mo, and annual cash flow is $4,715/yr on $38,089 cash. Return on cash invested measures 32.29% in year one, and rental yield stands at 11.56% at a $114,900 entry. Equity gained on principal adds $741/yr while 5% annual appreciation compounds into $31,745 by year five. Five-year ROI records 169.25% and total cumulative return in cash reaches $64,466. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,107/mo property income versus a $562/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 1966
6,577 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: Marc Hoeppner • @properties
Mls Name: IRMLS
Mls Provider:
Mls ID: #202514694
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.