6016 Feltman DrEvansvilleIN47711
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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 6016 Feltman Dr, Evansville, IN, 47711 listed at $255,000 pairs $1,591/mo rent with a $1,248/mo payment to leave $60/mo cash flow. Total monthly income runs $1,591/mo, and annual cash flow reaches $724/yr on $84,533 cash to close. Return on cash invested measures 20.77% in year one, and rental yield registers 7.49% at a $255,000 basis. Equity gained on principal adds $1,645/yr, and annual property appreciation at 5% supports $70,452 by year five. Five-year ROI tracks 107.23% and total cumulative return in cash totals $90,644. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,591/mo property income relative to a $1,248/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1941
7,492 sqft 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: Hallie Riordan • Kinney Realty & Development
Mls Name: IRMLS
Mls ID: #202601802