3011 Torboy DrEvansvilleIN47725
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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 3011 Torboy Dr, Evansville, IN, 47725 listed at $287,900 pairs $2,396/mo rent with a $1,409/mo payment to leave $668/mo cash flow. Total monthly income runs $2,396/mo, and annual cash flow reaches $8,015/yr on $95,439 cash to close. Return on cash invested measures 28.31% in year one, and rental yield registers 9.99% at a $287,900 basis. Equity gained on principal adds $1,858/yr, and annual property appreciation at 5% supports $79,541 by year five. Five-year ROI tracks 147.62% and total cumulative return in cash totals $140,885. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,396/mo property income relative to a $1,409/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2022
7,405 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: Cyndi B Byrley • ERA FIRST ADVANTAGE REALTY, INC
Mls Name: IRMLS
Mls ID: #202601263