4407 Kensington AveEvansvilleIN47710
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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 4407 Kensington Ave, Evansville, IN, 47710 offers a 9.5% rental yield on a $207,000 purchase with $1,638/mo rent. Total monthly income registers $1,638/mo, and a $1,013/mo payment leaves $396/mo available for distribution. Annual cash flow reaches $4,747/yr on $68,621 to close, and return on cash invested stands at 26.83% in year one. Equity gained on principal adds $1,336/yr while 5% annual appreciation supports $57,190 over five years. Portfolio math shows five-year ROI at 139.72% and total cumulative return in cash at $95,878. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,638/mo property income against a $1,013/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1957
8,712 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: Jenna Hancock-Wargel • Berkshire Hathaway HomeServices Indiana Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202523555
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.