315 W Evergreen Rd, Evansville, IN, 47710 | $820/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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315 W Evergreen Rd, Evansville, IN, 47710 | $820/mo Cash Flow | 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 315 W Evergreen Rd, Evansville, IN, 47710 with 5% annual appreciation on a $224,500 basis while $2,168/mo rent supports operations. Total monthly income totals $2,168/mo and a $1,099/mo payment preserves $820/mo for cash returns. Annual cash flow comes to $9,842/yr on $74,422 deployed, and return on cash invested reaches 33.13% in year one. Equity gained on principal adds $1,449/yr, and five-year appreciation sums $62,025 alongside rental yield of 11.59%. Five-year ROI measures 173.57% and total cumulative return in cash totals $129,176.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,168/mo property income versus a $1,099/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1949

1.02 Acres lot

$N/A/sqft

No HOA

More details about the property

The potential in this adorable home on this 1 acre lot is amazing. Nestled in the trees on Evergreen Road, this all brick home needs a little TLC to bring it back to its glory. The floor plan is nice with a nice sized eat in kitchen, a family room with large windows on two walls giving it a tree house feel, 2 nice bedrooms, and a full bath on the main level. The lower level is walk out with a bedroom framed in, a bath room framed in and the plumbing roughed in, a laundry room area and storage area. There are several patios and decks and a 2 and a half plus garage with tons of storage and a carport. The home has been priced below market value to allow for finishing the lower level, new flooring and baseboards on the main level and yard clean up. The home is being sold AS IS.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47710, Evansville, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	9,028 (100%)
Owner Occupied HU	4,484 (49.7%)
Renter Occupied HU	3,556 (39.4%)
Vacant Housing Units	988 (10.9%)
Median Home Value	$169,138
Average Home Value	$212,042