2840 Mooring RdEvansvilleIN47725
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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
Rental property for sale in Evansville at 2840 Mooring Rd, Evansville, IN, 47725 generates $1,995/mo in rent and, after a $1,321/mo payment, leaves $375/mo in cash flow. Total monthly income is $1,995/mo, and annual cash flow is $4,498/yr on $89,472 invested. Return on cash invested sits at 24.94% in year one, and rental yield is 8.87% on a $269,900 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 129.55% and total cumulative return in cash sums $115,914. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,995/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
10,454 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: Julie Bosma • ERA FIRST ADVANTAGE REALTY, INC
Mls Name: IRMLS
Mls ID: #202600864