631 Lancelot 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
Rental property for sale in Evansville at 631 Lancelot Dr, Evansville, IN, 47711 priced at $279,900 pairs $2,382/mo rent with $702/mo cash flow after a $1,370/mo payment. Total monthly income equals $2,382/mo, and annual cash flow comes to $8,421/yr on $92,787 invested. Return on cash invested is 28.98% in year one, and rental yield stands at 10.21% on a $279,900 basis. Equity gained on principal adds $1,806/yr, and 5% annual appreciation accumulates to $77,331 by year five. Five-year ROI measures 151.26% and total cumulative return in cash reaches $140,353. For financing, Ziffy Mortgage’s DSCR program evaluates $2,382/mo property income against a $1,370/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1998
9,356 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: Ryan W Mitchell • ERA FIRST ADVANTAGE REALTY, INC
Mls Name: IRMLS
Mls ID: #202526088