2620 Pecan TrceEvansvilleIN47715
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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 2620 Pecan Trce, Evansville, IN, 47715 listed at $260,000 pairs $1,843/mo rent with a $1,273/mo payment to leave $282/mo cash flow. Total monthly income runs $1,843/mo, and annual cash flow reaches $3,382/yr on $86,190 cash to close. Return on cash invested measures 23.83% in year one, and rental yield registers 8.51% at a $260,000 basis. Equity gained on principal adds $1,678/yr, and annual property appreciation at 5% supports $71,833 by year five. Five-year ROI tracks 123.64% and total cumulative return in cash totals $106,565. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,843/mo property income relative to a $1,273/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2022
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47715, Evansville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,106 (100%) |
| Owner Occupied HU | 7,008 (46.4%) |
| Renter Occupied HU | 7,082 (46.9%) |
| Vacant Housing Units | 1,016 ( 6.7%) |
| Median Home Value | $218,062 |
| Average Home Value | $246,752 |
Housing Distribution
Address Breakdown
Residential
14,912
Single Family
11,610
Multi-Family
3,302
Businesses
1,567
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Listed by: Michelle Jackson • RE/MAX Advanced Realty
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22051710