5 S Barker AveEvansvilleIN47712
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 5 S Barker Ave, Evansville, IN, 47712 priced at $260,000 converts $2,208/mo rent into $647/mo cash flow after a $1,273/mo obligation. Total monthly income equals $2,208/mo, and annual cash flow totals $7,762/yr on $86,190 invested. Return on cash invested prints 28.91% in year one, and rental yield reads 10.19% against a $260,000 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation compiles into $71,833 by year five. Five-year ROI reaches 150.89% and total cumulative return in cash sums $130,049. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,208/mo property income covering a $1,273/mo payment, not borrower’s personal income.
Single Family
Built in 1950
0.38 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: Allen Mosbey • ERA FIRST ADVANTAGE REALTY, INC
Mls Name: IRMLS
Mls ID: #202549138