301 Washington Ave, Evansville, IN, 47713 | $881/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Evansville at 301 Washington Ave, Evansville, IN, 47713 uses $64,609 cash to close to unlock $10,572/yr annual cash flow and $881/mo monthly cash flow. Total monthly income runs $2,051/mo, and a $954/mo payment keeps the spread at $881/mo. Purchase price stands at $194,900, and rental yield measures 12.63% with $2,051/mo rent. Return on cash invested shows 36.27% in year one, and 5% annual appreciation builds toward $53,847 over five years. Five-year ROI reaches 190.34% and total cumulative return in cash records $122,979. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,051/mo property income covering a $954/mo payment rather than investor’s personal income.

Single Family

Built in 1894

6,534 sqft lot

$N/A/sqft

No HOA