2805 N 1st AveEvansvilleIN47710
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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 2805 N 1st Ave, Evansville, IN, 47710 uses $41,438 cash to close to unlock $4,602/yr annual cash flow and $383/mo monthly cash flow. Total monthly income runs $1,134/mo, and a $612/mo payment keeps the spread at $383/mo. Purchase price stands at $125,000, and rental yield measures 10.89% with $1,134/mo rent. Return on cash invested shows 31.01% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 162.21% and total cumulative return in cash records $67,217. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,134/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in 1910
5,200 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47710, Evansville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,028 (100%) |
| Owner Occupied HU | 4,484 (49.7%) |
| Renter Occupied HU | 3,556 (39.4%) |
| Vacant Housing Units | 988 (10.9%) |
| Median Home Value | $169,138 |
| Average Home Value | $212,042 |
Housing Distribution
Address Breakdown
Residential
8,354
Single Family
7,255
Multi-Family
1,099
Businesses
587
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