31 Jefferson Ave SUITE 110, Evansville, IN, 47713 | 4.17% Rental Yield

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31 Jefferson Ave SUITE 110, Evansville, IN, 47713 | 4.17% Rental Yield | Ziffy

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 31 Jefferson Ave SUITE 110, Evansville, IN, 47713 listed at $379,000 pairs $1,318/mo rent with a $1,855/mo payment. Total monthly income runs $1,318/mo. Return on cash invested measures 10.77% in year one, and rental yield registers 4.17% at a $379,000 basis. Equity gained on principal adds $2,446/yr, and annual property appreciation at 5% supports $104,711 by year five. Five-year ROI tracks 53.56% and total cumulative return in cash totals $67,295. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,318/mo property income relative to a $1,855/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Condo

Built in 2021

1,325 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this stunning 3 bedroom, 2.5 bathroom condo in the vibrant Haynie Arts District. With its sleek design, open layout, and prime location, this home offers the perfect urban living experience. Whether you're seeking art, dining, or new experiences, you'll find them all within close proximity-the condos are attached to a yoga studio, pizza place and coffee shop. Inside, you'll find a contemporary aesthetic with high ceilings and ample natural light. The open floor plan creates a spacious living area, perfect for entertaining or relaxing. The dining area flows into the kitchen and features a spacious stone island with a breakfast bar. Just off the kitchen is the outdoor space that offers a fully fenced-in yard to ensure privacy while enjoying the serenity of outdoor living. Upstairs, the primary suite offers a tranquil retreat with a walk-in closet and a modern en-suite bathroom featuring a double vanity, glass-enclosed shower and separate water closet. Directly off the primary bedroom there is a 11x11 screened in sitting porch which leads to a spacious deck. Two additional bedrooms provide comfortable space for your family or guests or can be made into a well-suited office. The laundry and second full bathroom round out the upper floor, providing convenience and functionality. Residents also have the built in convenience of having all yard care, exterior maintenance, irrigation system upkeep, and snow removal expertly taken care of for you through the HOA.