6220 Kremer RdEvansvilleIN47720
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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 6220 Kremer Rd, Evansville, IN, 47720 earns $204/mo cash flow from $1,705/mo rent with a $1,224/mo payment. Total monthly income totals $1,705/mo, and annual cash flow totals $2,447/yr on $82,875 capital. ROI tracks 22.86% on current figures, and rental yield reads 8.18% at a $250,000 purchase. Equity gained on principal adds $1,613/yr, and 5% annual appreciation supports $69,070 over five years. Five-year ROI reaches 118.43% and total cumulative return in cash sums $98,146. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,705/mo property income instead of your personal income.
Single Family
Built in 1952
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47720, Evansville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,528 (100%) |
| Owner Occupied HU | 5,956 (79.1%) |
| Renter Occupied HU | 1,089 (14.5%) |
| Vacant Housing Units | 483 ( 6.4%) |
| Median Home Value | $259,054 |
| Average Home Value | $282,141 |
Housing Distribution
Address Breakdown
Residential
7,407
Single Family
7,389
Multi-Family
18
Businesses
184
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Listed by: Micah Konkler • ERA FIRST ADVANTAGE REALTY, INC
Mls Name: IRMLS
Mls ID: #202533289