721 Reis 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 721 Reis Ave, Evansville, IN, 47711 priced at $107,000 converts $810/mo rent into $167/mo cash flow after a $524/mo obligation. Total monthly income equals $810/mo, and annual cash flow totals $2,009/yr on $35,471 invested. Return on cash invested prints 25.57% in year one, and rental yield reads 9.08% against a $107,000 entry. Equity gained on principal adds $690/yr, while 5% annual appreciation compiles into $29,562 by year five. Five-year ROI reaches 133.04% and total cumulative return in cash sums $47,190. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $810/mo property income covering a $524/mo payment, not borrower’s personal income.
Single Family
Built in 1929
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: Charlene Schile • Key Associates Signature Realty
Mls Name: IRMLS
Mls ID: #202537481