2044 Briar Meadows Dr SUITE 1, Evansville, IN, 47711 | 3.42% Rental Yield

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2044 Briar Meadows Dr SUITE 1, Evansville, IN, 47711 | 3.42% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Total monthly income runs $1,140/mo, and a $1,958/mo payment. Purchase price stands at $400,000, and rental yield measures 3.42% with $1,140/mo rent. Return on cash invested shows 8.49% in year one, and 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 41.39% and total cumulative return in cash records $54,880. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,140/mo property income covering a $1,958/mo payment rather than investor’s personal income.

Condo

Built in 2025

N/A lot

$N/A/sqft

No HOA

More details about the property

Love where you live! Built by award winning builder, John Elpers Homes, this unbelievable 3-bedroom, 2-bath condo is located in Briar Pointe Subdivision on Evansville's North Side. Stunning views surround the light-filled open floor plan, with a spacious great room with gas fireplace, open to the remarkable eat-in kitchen with island and dining area for added seating. The main-level primary suite is complete with a full bath with over-sized walk-in shower, double sink vanity, and huge walk-in closet. An additional bedroom and bath, as well as a laundry room, complete the main level. Upstairs is a very large bonus room with closet that could serve as a third bedroom. The over-sized back patio has a covered section and is the perfect spot for relaxing and enjoying the tree-lined yard! A 2-car garage is the icing on the cake! With the conveniences of condo living, and the finishing of a high-end home, this is the perfect spot for you! Monthly Condo Owners Association Fee covers: Lawn Mowing, Irrigation, Landscaping, Maintenance & Upkeep, Streets, Exterior Insurance and Exteriorof Structure including Roof, Windows and Exterior Doors.

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