6616 E Chestnut StEvansvilleIN47715
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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 6616 E Chestnut St, Evansville, IN, 47715 earns $272/mo cash flow from $1,941/mo rent with a $1,361/mo payment. Total monthly income totals $1,941/mo, and annual cash flow totals $3,263/yr on $92,157 capital. ROI tracks 23.45% on current figures, and rental yield reads 8.38% at a $278,000 purchase. Equity gained on principal adds $1,794/yr, and 5% annual appreciation supports $76,806 over five years. Five-year ROI reaches 121.57% and total cumulative return in cash sums $112,037. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,941/mo property income instead of your personal income.
Single Family
Built in 1970
10,454 sqft 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: Katerina Tenyakov • Key Associates Signature Realty
Mls Name: IRMLS
Mls ID: #202528246