6280 Nathan RdEvansvilleIL62242
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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 6280 Nathan Rd, Evansville, IL, 62242 listed at $298,000 pairs $0/mo rent with a $1,459/mo payment. Total monthly income runs $0/mo. Return on cash invested measures -5.2% in year one, and rental yield registers 0% at a $298,000 basis. Equity gained on principal adds $1,923/yr, and annual property appreciation at 5% supports $82,332 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $0/mo property income relative to a $1,459/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1993
14.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 62242, Evansville, IL area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 687 (100%) |
| Owner Occupied HU | 455 (66.2%) |
| Renter Occupied HU | 91 (13.2%) |
| Vacant Housing Units | 141 (20.5%) |
| Median Home Value | $139,205 |
| Average Home Value | $195,698 |
Housing Distribution
Address Breakdown
Residential
525
Single Family
525
Multi-Family
0
Businesses
30
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Listed by: Kimberly A Wesbecher • Golden Key Realty
Mls Name: MARIS
Mls ID: #25052711