536 Colborne DrEvansvilleIN47725
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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 536 Colborne Dr, Evansville, IN, 47725 priced at $490,000 converts $3,730/mo rent into $659/mo cash flow after a $2,398/mo obligation. Total monthly income equals $3,730/mo, and annual cash flow totals $7,914/yr on $162,435 invested. Return on cash invested prints 24.78% in year one, and rental yield reads 9.13% against a $490,000 entry. Equity gained on principal adds $3,162/yr, while 5% annual appreciation compiles into $135,378 by year five. Five-year ROI reaches 129.08% and total cumulative return in cash sums $209,676. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,730/mo property income covering a $2,398/mo payment, not borrower’s personal income.
Single Family
Built in 2003
1.04 Acres lot
$N/A/sqft
$250 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47725, Evansville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,691 (100%) |
| Owner Occupied HU | 7,049 (91.7%) |
| Renter Occupied HU | 355 ( 4.6%) |
| Vacant Housing Units | 287 ( 3.7%) |
| Median Home Value | $291,497 |
| Average Home Value | $339,153 |
Housing Distribution
Address Breakdown
Residential
7,898
Single Family
7,898
Multi-Family
0
Businesses
359
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Listed by: John P Czoer • FIRST CLASS REALTY
Mls Name: IRMLS
Mls Provider:
Mls ID: #202431755
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.