511 S Red Bank RdEvansvilleIN47712
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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 511 S Red Bank Rd, Evansville, IN, 47712 priced at $1,275,000 pairs $2,954/mo rent with after a $6,240/mo payment. Total monthly income equals $2,954/mo. Return on cash invested is 6.72% in year one, and rental yield stands at 2.78% on a $1,275,000 basis. Equity gained on principal adds $8,227/yr, and 5% annual appreciation accumulates to $352,259 by year five. Five-year ROI measures 31.76% and total cumulative return in cash reaches $131,198. For financing, Ziffy Mortgage’s DSCR program evaluates $2,954/mo property income against a $6,240/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
14.42 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
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Listed by: Jessica Lutz • Berkshire Hathaway HomeServices Indiana Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202514845
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.