3018 W Virginia StEvansvilleIN47712
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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 3018 W Virginia St, Evansville, IN, 47712 earns $43/mo cash flow from $1,319/mo rent with a $1,040/mo payment. Total monthly income totals $1,319/mo, and annual cash flow totals $522/yr on $70,444 capital. ROI tracks 20.65% on current figures, and rental yield reads 7.45% at a $212,500 purchase. Equity gained on principal adds $1,371/yr, and 5% annual appreciation supports $58,710 over five years. Five-year ROI reaches 106.6% and total cumulative return in cash sums $75,092. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,319/mo property income instead of your personal income.
Single Family
Built in 1919
4,704 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47712, Evansville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,417 (100%) |
| Owner Occupied HU | 6,822 (59.8%) |
| Renter Occupied HU | 3,381 (29.6%) |
| Vacant Housing Units | 1,214 (10.6%) |
| Median Home Value | $224,192 |
| Average Home Value | $254,495 |
Housing Distribution
Address Breakdown
Residential
10,381
Single Family
9,635
Multi-Family
746
Businesses
517
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Listed by: Paula A Haller • ERA FIRST ADVANTAGE REALTY, INC
Mls Name: IRMLS
Mls ID: #202601534