3525 Koring RdEvansvilleIN47720
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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 3525 Koring Rd, Evansville, IN, 47720 priced at $470,000 pairs $3,004/mo rent with $183/mo cash flow after a $2,300/mo payment. Total monthly income equals $3,004/mo, and annual cash flow comes to $2,197/yr on $155,805 invested. Return on cash invested is 21.32% in year one, and rental yield stands at 7.67% on a $470,000 basis. Equity gained on principal adds $3,033/yr, and 5% annual appreciation accumulates to $129,852 by year five. Five-year ROI measures 110.18% and total cumulative return in cash reaches $171,669. For financing, Ziffy Mortgage’s DSCR program evaluates $3,004/mo property income against a $2,300/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1944
2.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47720, Evansville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,528 (100%) |
| Owner Occupied HU | 5,956 (79.1%) |
| Renter Occupied HU | 1,089 (14.5%) |
| Vacant Housing Units | 483 ( 6.4%) |
| Median Home Value | $259,054 |
| Average Home Value | $282,141 |
Housing Distribution
Address Breakdown
Residential
7,407
Single Family
7,389
Multi-Family
18
Businesses
184
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Listed by: Stacy J Stevens • Landmark Realty & Development, Inc
Mls Name: IRMLS
Mls ID: #202422703