413 E Michigan StEvansvilleIN47711
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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 413 E Michigan St, Evansville, IN, 47711 earns $378/mo cash flow from $1,027/mo rent with a $519/mo payment. Total monthly income totals $1,027/mo, and annual cash flow totals $4,542/yr on $35,172 capital. ROI tracks 32.82% on current figures, and rental yield reads 11.62% at a $106,100 purchase. Equity gained on principal adds $685/yr, and 5% annual appreciation supports $29,313 over five years. Five-year ROI reaches 172.09% and total cumulative return in cash sums $60,527. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,027/mo property income instead of your personal income.
Single Family
Built in 1934
4,064 sqft lot
$N/A/sqft
No 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: N/A • N/A
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