2535 Heard StEvansvilleIN47725
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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 2535 Heard St, Evansville, IN, 47725 uses $91,163 cash to close to unlock $9,111/yr annual cash flow and $759/mo monthly cash flow. Total monthly income runs $2,410/mo, and a $1,346/mo payment keeps the spread at $759/mo. Purchase price stands at $275,000, and rental yield measures 10.52% with $2,410/mo rent. Return on cash invested shows 29.9% in year one, and 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 156.23% and total cumulative return in cash records $142,427. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,410/mo property income covering a $1,346/mo payment rather than investor’s personal income.
Single Family
Built in 2005
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47725, Evansville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,691 (100%) |
| Owner Occupied HU | 7,049 (91.7%) |
| Renter Occupied HU | 355 ( 4.6%) |
| Vacant Housing Units | 287 ( 3.7%) |
| Median Home Value | $291,497 |
| Average Home Value | $339,153 |
Housing Distribution
Address Breakdown
Residential
7,898
Single Family
7,898
Multi-Family
0
Businesses
359
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Listed by: Trae Dauby • Dauby Real Estate
Mls Name: IRMLS
Mls ID: #202602314