4816 Norbourne WayEvansvilleIN47710
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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 4816 Norbourne Way, Evansville, IN, 47710 listed at $222,000 pairs $1,786/mo rent with a $1,087/mo payment to leave $452/mo cash flow. Total monthly income runs $1,786/mo, and annual cash flow reaches $5,427/yr on $73,593 cash to close. Return on cash invested measures 27.28% in year one, and rental yield registers 9.65% at a $222,000 basis. Equity gained on principal adds $1,433/yr, and annual property appreciation at 5% supports $61,335 by year five. Five-year ROI tracks 142.19% and total cumulative return in cash totals $104,643. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,786/mo property income relative to a $1,087/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1965
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: Mitchell Berry • @properties
Mls Name: IRMLS
Mls Provider:
Mls ID: #202532906
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.