2467 W Franklin StEvansvilleIN47712
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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 2467 W Franklin St, Evansville, IN, 47712 offers a 9.59% rental yield on a $118,900 purchase with $950/mo rent. Total monthly income registers $950/mo, and a $582/mo payment leaves $236/mo available for distribution. Annual cash flow reaches $2,835/yr on $39,415 to close, and return on cash invested stands at 27.1% in year one. Equity gained on principal adds $767/yr while 5% annual appreciation supports $32,850 over five years. Portfolio math shows five-year ROI at 141.26% and total cumulative return in cash at $55,678. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $950/mo property income against a $582/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
2,975 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47712, Evansville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,417 (100%) |
| Owner Occupied HU | 6,822 (59.8%) |
| Renter Occupied HU | 3,381 (29.6%) |
| Vacant Housing Units | 1,214 (10.6%) |
| Median Home Value | $224,192 |
| Average Home Value | $254,495 |
Housing Distribution
Address Breakdown
Residential
10,381
Single Family
9,635
Multi-Family
746
Businesses
517
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