3029 Oak Hill RdEvansvilleIN47711
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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 3029 Oak Hill Rd, Evansville, IN, 47711 offers a 7.76% rental yield on a $312,000 purchase with $2,018/mo rent. Total monthly income registers $2,018/mo, and a $1,527/mo payment leaves $145/mo available for distribution. Annual cash flow reaches $1,742/yr on $103,428 to close, and return on cash invested stands at 21.59% in year one. Equity gained on principal adds $2,013/yr while 5% annual appreciation supports $86,200 over five years. Portfolio math shows five-year ROI at 111.67% and total cumulative return in cash at $115,499. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,018/mo property income against a $1,527/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
1.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47711, Evansville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,101 (100%) |
| Owner Occupied HU | 9,728 (69.0%) |
| Renter Occupied HU | 3,243 (23.0%) |
| Vacant Housing Units | 1,130 ( 8.0%) |
| Median Home Value | $186,195 |
| Average Home Value | $202,916 |
Housing Distribution
Address Breakdown
Residential
13,613
Single Family
13,451
Multi-Family
162
Businesses
915
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Listed by: Cathie Spalding • Pinnacle Realty Group
Mls Name: IRMLS
Mls ID: #202601659