526 Merrill CtEvansvilleIN47711
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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 526 Merrill Ct, Evansville, IN, 47711 priced at $369,900 pairs $2,208/mo rent with after a $1,810/mo payment. Total monthly income equals $2,208/mo. Return on cash invested is 19.79% in year one, and rental yield stands at 7.16% on a $369,900 basis. Equity gained on principal adds $2,387/yr, and 5% annual appreciation accumulates to $102,197 by year five. Five-year ROI measures 102% and total cumulative return in cash reaches $125,074. For financing, Ziffy Mortgage’s DSCR program evaluates $2,208/mo property income against a $1,810/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1991
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47711, Evansville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,101 (100%) |
| Owner Occupied HU | 9,728 (69.0%) |
| Renter Occupied HU | 3,243 (23.0%) |
| Vacant Housing Units | 1,130 ( 8.0%) |
| Median Home Value | $186,195 |
| Average Home Value | $202,916 |
Housing Distribution
Address Breakdown
Residential
13,613
Single Family
13,451
Multi-Family
162
Businesses
915
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Listed by: Deanne S Naas • F.C. TUCKER EMGE
Mls Name: IRMLS
Mls ID: #202601225