4706 Cottonwood CtEvansvilleIN47712
Nearby investment properties with comparable rents
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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 4706 Cottonwood Ct, Evansville, IN, 47712 priced at $270,000 converts $2,479/mo rent into $808/mo cash flow after a $1,322/mo obligation. Total monthly income equals $2,479/mo, and annual cash flow totals $9,691/yr on $89,505 invested. Return on cash invested prints 30.74% in year one, and rental yield reads 11.02% against a $270,000 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation compiles into $74,596 by year five. Five-year ROI reaches 160.94% and total cumulative return in cash sums $144,049. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,479/mo property income covering a $1,322/mo payment, not borrower’s personal income.
Single Family
Built in 1996
7,840 sqft 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
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