416 Hanover RdEvansvilleIN47710
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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 416 Hanover Rd, Evansville, IN, 47710 offers $1,194/mo rent that, after a $821/mo payment, leaves $187/mo cash flow. Total monthly income is $1,194/mo, and annual cash flow is $2,245/yr on $55,613 cash. Return on cash invested measures 23.95% in year one, and rental yield stands at 8.54% at a $167,761 entry. Equity gained on principal adds $1,083/yr while 5% annual appreciation compounds into $46,349 by year five. Five-year ROI records 124.34% and total cumulative return in cash reaches $69,146. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,194/mo property income versus a $821/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1955
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47710, Evansville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,028 (100%) |
| Owner Occupied HU | 4,484 (49.7%) |
| Renter Occupied HU | 3,556 (39.4%) |
| Vacant Housing Units | 988 (10.9%) |
| Median Home Value | $169,138 |
| Average Home Value | $212,042 |
Housing Distribution
Address Breakdown
Residential
8,354
Single Family
7,255
Multi-Family
1,099
Businesses
587
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Listed by: Missy M Mosby • F.C. TUCKER EMGE
Mls Name: IRMLS
Mls ID: #202603559