707 Kleymeyer AveEvansvilleIN47720
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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
Investment property for sale in Evansville at 707 Kleymeyer Ave, Evansville, IN, 47720 offers a 9.08% rental yield on a $117,900 purchase with $892/mo rent. Total monthly income registers $892/mo, and a $577/mo payment leaves $184/mo available for distribution. Annual cash flow reaches $2,212/yr on $39,084 to close, and return on cash invested stands at 25.57% in year one. Equity gained on principal adds $761/yr while 5% annual appreciation supports $32,574 over five years. Portfolio math shows five-year ROI at 133.06% and total cumulative return in cash at $52,004. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $892/mo property income against a $577/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1910
3,484 sqft 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: Carson Lowry • RE/MAX REVOLUTION
Mls Name: IRMLS
Mls ID: #202601214