706 E Iowa StEvansvilleIN47711
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 706 E Iowa St, Evansville, IN, 47711 offers $1,242/mo rent that, after a $602/mo payment, leaves $504/mo cash flow. Total monthly income is $1,242/mo, and annual cash flow is $6,045/yr on $40,741 cash. Return on cash invested measures 34.75% in year one, and rental yield stands at 12.13% at a $122,900 entry. Equity gained on principal adds $793/yr while 5% annual appreciation compounds into $33,955 by year five. Five-year ROI records 182.16% and total cumulative return in cash reaches $74,214. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,242/mo property income versus a $602/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1919
2,613 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jerrod W Eagleson • KELLER WILLIAMS CAPITAL REALTY
Mls Name: IRMLS
Mls Provider:
Mls ID: #202528893
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.