501 W Berkeley AveEvansvilleIN47710
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
Investment property for sale in Evansville at 501 W Berkeley Ave, Evansville, IN, 47710 earns $548/mo cash flow from $1,599/mo rent with a $857/mo payment. Total monthly income totals $1,599/mo, and annual cash flow totals $6,576/yr on $58,013 capital. ROI tracks 31.25% on current figures, and rental yield reads 10.96% at a $175,000 purchase. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,349 over five years. Five-year ROI reaches 163.49% and total cumulative return in cash sums $94,843. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,599/mo property income instead of your personal income.
Single Family
Built in 1954
0.51 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Johnna M Hancock-Blake • Berkshire Hathaway HomeServices Indiana Realty
Mls Name: IRMLS
Mls ID: #202546192