2661 W Maryland 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 2661 W Maryland St, Evansville, IN, 47712 listed at $250,000 pairs $1,842/mo rent with a $1,224/mo payment to leave $341/mo cash flow. Total monthly income runs $1,842/mo, and annual cash flow reaches $4,091/yr on $82,875 cash to close. Return on cash invested measures 24.85% in year one, and rental yield registers 8.84% at a $250,000 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,070 by year five. Five-year ROI tracks 129.05% and total cumulative return in cash totals $106,954. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,842/mo property income relative to a $1,224/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1910
0.43 Acres 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: Carson Lowry • RE/MAX REVOLUTION
Mls Name: IRMLS
Mls ID: #202531762