413 E Olmstead AveEvansvilleIN47711
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Nearby investment properties with comparable prices
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 Olmstead Ave, Evansville, IN, 47711 offers a 11.74% rental yield on a $135,900 purchase with $1,329/mo rent. Total monthly income registers $1,329/mo, and a $665/mo payment leaves $513/mo available for distribution. Annual cash flow reaches $6,160/yr on $45,051 to close, and return on cash invested stands at 33.58% in year one. Equity gained on principal adds $877/yr while 5% annual appreciation supports $37,547 over five years. Portfolio math shows five-year ROI at 176% and total cumulative return in cash at $79,291. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,329/mo property income against a $665/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1924
6,534 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: Jerrod W Eagleson • KELLER WILLIAMS CAPITAL REALTY
Mls Name: IRMLS
Mls ID: #202528687