516 E Meade DrEvansvilleIN47715
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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 516 E Meade Dr, Evansville, IN, 47715 listed at $347,500 pairs $3,145/mo rent with a $1,701/mo payment to leave $927/mo cash flow. Total monthly income runs $3,145/mo, and annual cash flow reaches $11,122/yr on $115,196 cash to close. Return on cash invested measures 29.56% in year one, and rental yield registers 10.86% at a $347,500 basis. Equity gained on principal adds $2,242/yr, and annual property appreciation at 5% supports $96,008 by year five. Five-year ROI tracks 154.87% and total cumulative return in cash totals $178,401. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,145/mo property income relative to a $1,701/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1971
0.28 Acres 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: Kindra Hirt • F.C. TUCKER EMGE
Mls Name: IRMLS
Mls Provider:
Mls ID: #202433090
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.