2518 W Illinois StEvansvilleIN47712
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
Investment Highlights
Investment property for sale in Evansville at 2518 W Illinois St, Evansville, IN, 47712 at $182,500 posts ROI 26.87% with $351/mo cash flow from $1,446/mo rent. Total monthly income equals $1,446/mo, and annual cash flow records $4,209/yr on $60,499 to close. Return on cash invested measures 26.87% and rental yield reads 9.51% at the current $182,500. Equity gained on principal adds $1,178/yr, and 5% annual appreciation supports $50,421 by year five. Five-year ROI prints 139.91% and total cumulative return in cash totals $84,646.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,446/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1899
3,484 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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Listed by: Trae Dauby • Dauby Real Estate
Mls Name: IRMLS
Mls ID: #202535427