2232 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 2232 E Riverside Dr, Evansville, IN, 47714 earns $461/mo cash flow from $1,096/mo rent with a $518/mo payment. Total monthly income totals $1,096/mo, and annual cash flow totals $5,528/yr on $35,102 capital. ROI tracks 35.66% on current figures, and rental yield reads 12.42% at a $105,888 purchase. Equity gained on principal adds $683/yr, and 5% annual appreciation supports $29,255 over five years. Five-year ROI reaches 187.08% and total cumulative return in cash sums $65,669. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,096/mo property income instead of your personal income.
Single Family
Built in 1947
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: John P Czoer • FIRST CLASS REALTY
Mls Name: IRMLS
Mls ID: #202529534