40 Oak Meadow RdEvansvilleIN47725
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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 40 Oak Meadow Rd, Evansville, IN, 47725 with 5% annual appreciation on a $390,000 basis while $3,582/mo rent supports operations. Total monthly income totals $3,582/mo and a $1,909/mo payment preserves $1,123/mo for cash returns. Annual cash flow comes to $13,474/yr on $129,285 deployed, and return on cash invested reaches 30.33% in year one. Equity gained on principal adds $2,517/yr, and five-year appreciation sums $107,750 alongside rental yield of 11.02%. Five-year ROI measures 158.86% and total cumulative return in cash totals $205,388.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,582/mo property income versus a $1,909/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1981
0.77 Acres lot
$N/A/sqft
$186 quarterly 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: Jonathan Weaver • F.C. TUCKER EMGE
Mls Name: IRMLS
Mls Provider:
Mls ID: #202401251
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.