319 N 4th AveEvansvilleIN47710
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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 319 N 4th Ave, Evansville, IN, 47710 uses $45,747 cash to close to unlock $997/yr annual cash flow and $83/mo monthly cash flow. Total monthly income runs $911/mo, and a $675/mo payment keeps the spread at $83/mo. Purchase price stands at $138,000, and rental yield measures 7.92% with $911/mo rent. Return on cash invested shows 22.09% in year one, and 5% annual appreciation builds toward $38,127 over five years. Five-year ROI reaches 114.38% and total cumulative return in cash records $52,326. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $911/mo property income covering a $675/mo payment rather than investor’s personal income.
Manufactured
Built in 2024
3,484 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
8,354
Single Family
7,255
Multi-Family
1,099
Businesses
587
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Listed by: Jessica Lutz • Berkshire Hathaway HomeServices Indiana Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516674
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.