6511 Washington AveEvansvilleIN47715
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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 6511 Washington Ave, Evansville, IN, 47715 uses $105,417 cash to close to unlock $2,263/yr annual cash flow and $189/mo monthly cash flow. Total monthly income runs $2,097/mo, and a $1,556/mo payment keeps the spread at $189/mo. Purchase price stands at $318,000, and rental yield measures 7.91% with $2,097/mo rent. Return on cash invested shows 22.06% in year one, and 5% annual appreciation builds toward $87,858 over five years. Five-year ROI reaches 114.11% and total cumulative return in cash records $120,287. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,097/mo property income covering a $1,556/mo payment rather than investor’s personal income.
Single Family
Built in 1920
0.53 Acres 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
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Listed by: Amanda Conyers • RE/MAX REVOLUTION
Mls Name: IRMLS
Mls Provider:
Mls ID: #202523856
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.