5118 Helmuth AveEvansvilleIN47715
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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 5118 Helmuth Ave, Evansville, IN, 47715 generates $1,247/mo in rent and, after a $803/mo payment, leaves $262/mo in cash flow. Total monthly income is $1,247/mo, and annual cash flow is $3,147/yr on $54,366 invested. Return on cash invested sits at 25.7% in year one, and rental yield is 9.12% on a $164,000 entry. Equity gained on principal adds $1,058/yr, while 5% annual appreciation builds toward $45,310 over five years. Five-year ROI reaches 133.73% and total cumulative return in cash sums $72,705. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,247/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47715, Evansville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,106 (100%) |
| Owner Occupied HU | 7,008 (46.4%) |
| Renter Occupied HU | 7,082 (46.9%) |
| Vacant Housing Units | 1,016 ( 6.7%) |
| Median Home Value | $218,062 |
| Average Home Value | $246,752 |
Housing Distribution
Address Breakdown
Residential
14,912
Single Family
11,610
Multi-Family
3,302
Businesses
1,567
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Listed by: Jason J Brown • Pinnacle Realty Group
Mls Name: IRMLS
Mls ID: #202536876