7105 New Harmony 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 7105 New Harmony Rd, Evansville, IN, 47720 earns $738/mo cash flow from $2,911/mo rent with a $1,772/mo payment. Total monthly income totals $2,911/mo, and annual cash flow totals $8,853/yr on $120,003 capital. ROI tracks 27.29% on current figures, and rental yield reads 9.65% at a $362,000 purchase. Equity gained on principal adds $2,336/yr, and 5% annual appreciation supports $100,014 over five years. Five-year ROI reaches 142.15% and total cumulative return in cash sums $170,581. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,911/mo property income instead of your personal income.
Single Family
Built in 1910
3.25 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: Amber Schreiber • F.C. TUCKER EMGE
Mls Name: IRMLS
Mls Provider:
Mls ID: #202530883
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.