3113 W Franklin 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 3113 W Franklin St, Evansville, IN, 47712 offers a 5.94% rental yield on a $258,900 purchase with $1,282/mo rent. 11% in year one. Equity gained on principal adds $1,671/yr while 5% annual appreciation supports $71,529 over five years. Portfolio math shows five-year ROI at 82.25% and total cumulative return in cash at $70,592. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,282/mo property income against a $1,267/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
7,840 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: Jessica Lutz • Berkshire Hathaway HomeServices Indiana Realty
Mls Name: IRMLS
Mls ID: #202601508