3143 Cascade 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 3143 Cascade Dr, Evansville, IN, 47725 uses $82,838 cash to close to unlock $3,144/yr annual cash flow and $262/mo monthly cash flow. Total monthly income runs $1,762/mo, and a $1,223/mo payment keeps the spread at $262/mo. Purchase price stands at $249,888, and rental yield measures 8.46% with $1,762/mo rent. Return on cash invested shows 23.7% in year one, and 5% annual appreciation builds toward $69,039 over five years. Five-year ROI reaches 123.01% and total cumulative return in cash records $101,903. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,762/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Single Family
Built in 2001
8,276 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: John P Czoer • FIRST CLASS REALTY
Mls Name: IRMLS
Mls ID: #202532908