2315 Frisse 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 2315 Frisse Ave, Evansville, IN, 47714 priced at $115,000 converts $1,259/mo rent into $557/mo cash flow after a $563/mo obligation. Total monthly income equals $1,259/mo, and annual cash flow totals $6,680/yr on $38,123 invested. Return on cash invested prints 37.43% in year one, and rental yield reads 13.14% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 196.76% and total cumulative return in cash sums $75,009. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,259/mo property income covering a $563/mo payment, not borrower’s personal income.
Single Family
Built in 1940
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: Missy M Mosby • F.C. TUCKER EMGE
Mls Name: IRMLS
Mls Provider:
Mls ID: #202439741
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.