715 E Parkland AveEvansvilleIN47711
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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
Rental property for sale in Evansville at 715 E Parkland Ave, Evansville, IN, 47711 priced at $130,000 converts $1,693/mo rent into $913/mo cash flow after a $636/mo obligation. Total monthly income equals $1,693/mo, and annual cash flow totals $10,955/yr on $43,095 invested. Return on cash invested prints 45.33% in year one, and rental yield reads 15.63% against a $130,000 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation compiles into $35,917 by year five. Five-year ROI reaches 238.92% and total cumulative return in cash sums $102,963. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,693/mo property income covering a $636/mo payment, not borrower’s personal income.
Single Family
Built in 1919
4,791 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
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Listed by: Jennifer Borgra-Wilderman • Inviting Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202421932
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.