501 Shillington DriveEvansvilleIN47725
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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 501 Shillington Drive, Evansville, IN, 47725 offers $2,847/mo rent that, after a $3,397/mo payment. Total monthly income is $2,847/mo. Return on cash invested measures 12.8% in year one, and rental yield stands at 4.92% at a $694,000 entry. Equity gained on principal adds $4,478/yr while 5% annual appreciation compounds into $191,739 by year five. Five-year ROI records 64.57% and total cumulative return in cash reaches $147,424. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,847/mo property income versus a $3,397/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
1 Acres lot
$N/A/sqft
$250 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47725, Evansville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,691 (100%) |
| Owner Occupied HU | 7,049 (91.7%) |
| Renter Occupied HU | 355 ( 4.6%) |
| Vacant Housing Units | 287 ( 3.7%) |
| Median Home Value | $291,497 |
| Average Home Value | $339,153 |
Housing Distribution
Address Breakdown
Residential
7,898
Single Family
7,898
Multi-Family
0
Businesses
359
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Listed by: Joe Wootan • ListWithFreedom.com
Mls Name: SIRA
Mls Provider:
Mls ID: #202508705
Disclaimer: IDX information is provided exclusively for consumers personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.