2308 E Gum StEvansvilleIN47714
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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 2308 E Gum St, Evansville, IN, 47714 generates $3,047/mo in rent and, after a $2,129/mo payment, leaves $362/mo in cash flow. Total monthly income is $3,047/mo, and annual cash flow is $4,349/yr on $144,169 invested. Return on cash invested sits at 22.93% in year one, and rental yield is 8.41% on a $434,900 entry. Equity gained on principal adds $2,806/yr, while 5% annual appreciation builds toward $120,155 over five years. Five-year ROI reaches 119.01% and total cumulative return in cash sums $171,581. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,047/mo property income rather than buyer’s personal income.
Single Family
Built in 1952
0.35 Acres 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: Becky Kasha • NextHome Hahn Kiefer Residential
Mls Name: IRMLS
Mls Provider:
Mls ID: #202507693
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.