2321 E Delaware StEvansvilleIN47711
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 2321 E Delaware St, Evansville, IN, 47711 in Evansville speaks for itself: 10.36% gross on a $195,000 price, generating $1,684/mo in rent and $513/mo in net income after the $877/mo debt service. DSCR 1.92, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $6,156 stacks alongside $53,875 in projected five-year appreciation and $1,796/yr in principal reduction. Projected total cumulative return: $106,813.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 7.2% |
| Monthly Cash Flow | $513 | $450 |
City averages based on Evansville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,684 |
| Total Monthly Debt Service | $1,093 |
| DSCR Ratio | 1.54x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1955
7,405 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
13,613
Single Family
13,451
Multi-Family
162
Businesses
915
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1955
7,405 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
13,613
Single Family
13,451
Multi-Family
162
Businesses
915
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Donovan Wilkins • RE/MAX REVOLUTION
Mls Name: IRMLS
Mls Provider:
Mls ID: #202518513
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.