707 Wessel LnEvansvilleIN47712
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 707 Wessel Ln, Evansville, IN, 47712 priced at $180,000 pairs $1,218/mo rent with $138/mo cash flow after a $881/mo payment. Total monthly income equals $1,218/mo, and annual cash flow comes to $1,650/yr on $59,670 invested. Return on cash invested is 22.67% in year one, and rental yield stands at 8.12% on a $180,000 basis. Equity gained on principal adds $1,162/yr, and 5% annual appreciation accumulates to $49,731 by year five. Five-year ROI measures 117.47% and total cumulative return in cash reaches $70,097. For financing, Ziffy Mortgage’s DSCR program evaluates $1,218/mo property income against a $881/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1966
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47712, Evansville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,417 (100%) |
| Owner Occupied HU | 6,822 (59.8%) |
| Renter Occupied HU | 3,381 (29.6%) |
| Vacant Housing Units | 1,214 (10.6%) |
| Median Home Value | $224,192 |
| Average Home Value | $254,495 |
Housing Distribution
Address Breakdown
Residential
10,381
Single Family
9,635
Multi-Family
746
Businesses
517
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Listed by: Doreen Hallenberger • RE/MAX REVOLUTION
Mls Name: IRMLS
Mls ID: #202538384