2116 E Riverside DrEvansvilleIN47714
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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 2116 E Riverside Dr, Evansville, IN, 47714 listed at $118,500 pairs $1,135/mo rent with a $580/mo payment to leave $424/mo cash flow. Total monthly income runs $1,135/mo, and annual cash flow reaches $5,084/yr on $39,283 cash to close. Return on cash invested measures 32.85% in year one, and rental yield registers 11.49% at a $118,500 basis. Equity gained on principal adds $765/yr, and annual property appreciation at 5% supports $32,739 by year five. Five-year ROI tracks 172.03% and total cumulative return in cash totals $67,576. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,135/mo property income relative to a $580/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1957
6,969 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: Trae Dauby • Dauby Real Estate
Mls Name: IRMLS
Mls ID: #202600377