3445 Manhattan BlvdEvansvilleIN47711
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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 3445 Manhattan Blvd, Evansville, IN, 47711 with 5% annual appreciation on a $209,900 basis while $1,819/mo rent supports operations. Total monthly income totals $1,819/mo and a $1,027/mo payment preserves $342/mo for cash returns. Annual cash flow comes to $4,108/yr on $69,582 deployed, and return on cash invested reaches 25.81% in year one. Equity gained on principal adds $1,354/yr, and five-year appreciation sums $57,992 alongside rental yield of 10.4%. Five-year ROI measures 135.67% and total cumulative return in cash totals $94,400.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,819/mo property income versus a $1,027/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Condo
Built in 2005
N/A lot
$N/A/sqft
$217 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47711, Evansville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,101 (100%) |
| Owner Occupied HU | 9,728 (69.0%) |
| Renter Occupied HU | 3,243 (23.0%) |
| Vacant Housing Units | 1,130 ( 8.0%) |
| Median Home Value | $186,195 |
| Average Home Value | $202,916 |
Housing Distribution
Address Breakdown
Residential
13,613
Single Family
13,451
Multi-Family
162
Businesses
915
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Listed by: Ray Stallings • DHI Realty Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202510037
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.