508 Main St APT 3AEvansvilleIN47708
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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 508 Main St APT 3A, Evansville, IN, 47708 earns $150/mo cash flow from $1,440/mo rent with a $1,052/mo payment. Total monthly income totals $1,440/mo, and annual cash flow totals $1,797/yr on $71,273 capital. ROI tracks 22.43% on current figures, and rental yield reads 8.04% at a $215,000 purchase. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,401 over five years. Five-year ROI reaches 116.13% and total cumulative return in cash sums $82,765. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,440/mo property income instead of your personal income.
Condo
Built in 1919
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47708, Evansville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 696 (100%) |
| Owner Occupied HU | 86 (12.4%) |
| Renter Occupied HU | 349 (50.1%) |
| Vacant Housing Units | 261 (37.5%) |
| Median Home Value | $263,889 |
| Average Home Value | $301,163 |
Housing Distribution
Address Breakdown
Residential
461
Single Family
263
Multi-Family
198
Businesses
508
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Listed by: Stephanie Morris • F.C. TUCKER EMGE
Mls Name: IRMLS
Mls ID: #202537774