3500 Birch Bay 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
Rental property for sale in Evansville at 3500 Birch Bay Dr, Evansville, IN, 47725 generates $2,141/mo in rent and, after a $1,247/mo payment, leaves $612/mo in cash flow. Total monthly income is $2,141/mo, and annual cash flow is $7,339/yr on $84,459 invested. Return on cash invested sits at 28.6% in year one, and rental yield is 10.08% on a $254,777 entry. Equity gained on principal adds $1,644/yr, while 5% annual appreciation builds toward $70,390 over five years. Five-year ROI reaches 149.21% and total cumulative return in cash sums $126,022. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,141/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
10,018 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: Brittney Ruston • 4Realty, LLC
Mls Name: IRMLS
Mls ID: #202538168