516 Lewis AveEvansvilleIN47714
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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 Lewis Ave, Evansville, IN, 47714 uses $44,421 cash to close to unlock $4,182/yr annual cash flow and $348/mo monthly cash flow. Total monthly income runs $1,153/mo, and a $656/mo payment keeps the spread at $348/mo. Purchase price stands at $134,000, and rental yield measures 10.33% with $1,153/mo rent. Return on cash invested shows 29.32% in year one, and 5% annual appreciation builds toward $37,022 over five years. Five-year ROI reaches 153.11% and total cumulative return in cash records $68,015. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,153/mo property income covering a $656/mo payment rather than investor’s personal income.
Single Family
Built in 1915
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47714, Evansville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,625 (100%) |
| Owner Occupied HU | 7,947 (50.9%) |
| Renter Occupied HU | 5,921 (37.9%) |
| Vacant Housing Units | 1,757 (11.2%) |
| Median Home Value | $150,643 |
| Average Home Value | $196,114 |
Housing Distribution
Address Breakdown
Residential
14,661
Single Family
13,749
Multi-Family
912
Businesses
674
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Listed by: Penny Crick • ERA FIRST ADVANTAGE REALTY, INC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202432403
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.