6617 W Mill RdEvansvilleIN47720
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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 6617 W Mill Rd, Evansville, IN, 47720 uses $92,787 cash to close to unlock $1,065/yr annual cash flow and $89/mo monthly cash flow. Total monthly income runs $1,769/mo, and a $1,370/mo payment keeps the spread at $89/mo. Purchase price stands at $279,900, and rental yield measures 7.58% with $1,769/mo rent. Return on cash invested shows 21.06% in year one, and 5% annual appreciation builds toward $77,331 over five years. Five-year ROI reaches 108.75% and total cumulative return in cash records $100,909. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,769/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 1966
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47720, Evansville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,528 (100%) |
| Owner Occupied HU | 5,956 (79.1%) |
| Renter Occupied HU | 1,089 (14.5%) |
| Vacant Housing Units | 483 ( 6.4%) |
| Median Home Value | $259,054 |
| Average Home Value | $282,141 |
Housing Distribution
Address Breakdown
Residential
7,407
Single Family
7,389
Multi-Family
18
Businesses
184
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Listed by: Mitch Schulz • Weichert Realtors-The Schulz Group
Mls Name: IRMLS
Mls ID: #202547762