701 College HwyEvansvilleIN47714
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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 701 College Hwy, Evansville, IN, 47714 at $425,000 posts ROI 15.39% with from $2,021/mo rent. Total monthly income equals $2,021/mo. Return on cash invested measures 15.39% and rental yield reads 5.71% at the current $425,000. Equity gained on principal adds $2,742/yr, and 5% annual appreciation supports $117,420 by year five. Five-year ROI prints 78.38% and total cumulative return in cash totals $110,429. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,021/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1926
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47714, Evansville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,625 (100%) |
| Owner Occupied HU | 7,947 (50.9%) |
| Renter Occupied HU | 5,921 (37.9%) |
| Vacant Housing Units | 1,757 (11.2%) |
| Median Home Value | $150,643 |
| Average Home Value | $196,114 |
Housing Distribution
Address Breakdown
Residential
14,661
Single Family
13,749
Multi-Family
912
Businesses
674
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Listed by: Jill Hall • Berkshire Hathaway HomeServices Indiana Realty
Mls Name: IRMLS
Mls ID: #202537988