6309 Alex LnEvansvilleIN47715
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 6309 Alex Ln, Evansville, IN, 47715 listed at $215,000 pairs $1,648/mo rent with a $1,052/mo payment to leave $358/mo cash flow. Total monthly income runs $1,648/mo, and annual cash flow reaches $4,293/yr on $71,273 cash to close. Return on cash invested measures 25.93% in year one, and rental yield registers 9.2% at a $215,000 basis. Equity gained on principal adds $1,387/yr, and annual property appreciation at 5% supports $59,401 by year five. Five-year ROI tracks 134.9% and total cumulative return in cash totals $96,145. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,648/mo property income relative to a $1,052/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2006
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jacy Gowen • Weichert Realtors-The Schulz Group
Mls Name: IRMLS
Mls ID: #202525993