2923-2925 W Mill RdEvansvilleIN47720
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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 2923-2925 W Mill Rd, Evansville, IN, 47720 generates $882/mo in rent, after a $3,573/mo payment. Total monthly income is $882/mo. Return on cash invested sits at 2.58% in year one, and rental yield is 1.45% on a $729,900 entry. Equity gained on principal adds $4,710/yr, while 5% annual appreciation builds toward $201,658 over five years. Five-year ROI reaches 9.63% and total cumulative return in cash sums $23,119. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $882/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
4.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47720, Evansville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,528 (100%) |
| Owner Occupied HU | 5,956 (79.1%) |
| Renter Occupied HU | 1,089 (14.5%) |
| Vacant Housing Units | 483 ( 6.4%) |
| Median Home Value | $259,054 |
| Average Home Value | $282,141 |
Housing Distribution
Address Breakdown
Residential
7,407
Single Family
7,389
Multi-Family
18
Businesses
184
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Listed by: Rick Mileham • ERA FIRST ADVANTAGE REALTY, INC
Mls Name: IRMLS
Mls ID: #202548759