5900 Newburgh RdEvansvilleIN47715
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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 5900 Newburgh Rd, Evansville, IN, 47715 uses $75,251 cash to close to unlock $3,473/yr annual cash flow and $289/mo monthly cash flow. Total monthly income runs $1,652/mo, and a $1,111/mo payment keeps the spread at $289/mo. Purchase price stands at $227,000, and rental yield measures 8.73% with $1,652/mo rent. Return on cash invested shows 24.52% in year one, and 5% annual appreciation builds toward $62,716 over five years. Five-year ROI reaches 127.4% and total cumulative return in cash records $95,869. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,652/mo property income covering a $1,111/mo payment rather than investor’s personal income.
Single Family
Built in 1935
1.02 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: Donovan Wilkins • RE/MAX REVOLUTION
Mls Name: IRMLS
Mls ID: #202525969