424 Richardt AveEvansvilleIN47711
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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 424 Richardt Ave, Evansville, IN, 47711 with 5% annual appreciation on a $139,900 basis while $1,277/mo rent supports operations. Total monthly income totals $1,277/mo and a $685/mo payment preserves $437/mo for cash returns. Annual cash flow comes to $5,243/yr on $46,377 deployed, and return on cash invested reaches 31.22% in year one. Equity gained on principal adds $903/yr, and five-year appreciation sums $38,652 alongside rental yield of 10.95%. Five-year ROI measures 163.23% and total cumulative return in cash totals $75,699.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,277/mo property income versus a $685/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1930
4,791 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: Marc Hoeppner • @properties
Mls Name: IRMLS
Mls ID: #202549556