424 Summerland CtEvansvilleIN47712
Nearby investment properties with comparable rents
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
Rental property for sale in Evansville at 424 Summerland Ct, Evansville, IN, 47712 offers $2,606/mo rent that, after a $3,549/mo payment. Total monthly income is $2,606/mo. Return on cash invested measures 11.27% in year one, and rental yield stands at 4.31% at a $725,000 entry. Equity gained on principal adds $4,678/yr while 5% annual appreciation compounds into $200,304 by year five. Five-year ROI records 56.26% and total cumulative return in cash reaches $134,189. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,606/mo property income versus a $3,549/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1991
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47712, Evansville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,417 (100%) |
| Owner Occupied HU | 6,822 (59.8%) |
| Renter Occupied HU | 3,381 (29.6%) |
| Vacant Housing Units | 1,214 (10.6%) |
| Median Home Value | $224,192 |
| Average Home Value | $254,495 |
Housing Distribution
Address Breakdown
Residential
10,381
Single Family
9,635
Multi-Family
746
Businesses
517
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Paula A Haller • ERA FIRST ADVANTAGE REALTY, INC
Mls Name: IRMLS
Mls ID: #202534212