7411 Bellemeade AveEvansvilleIN47715
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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 7411 Bellemeade Ave, Evansville, IN, 47715 priced at $246,000 converts $2,358/mo rent into $878/mo cash flow after a $1,204/mo obligation. Total monthly income equals $2,358/mo, and annual cash flow totals $10,532/yr on $81,549 invested. Return on cash invested prints 32.82% in year one, and rental yield reads 11.5% against a $246,000 entry. Equity gained on principal adds $1,587/yr, while 5% annual appreciation compiles into $67,965 by year five. Five-year ROI reaches 171.89% and total cumulative return in cash sums $140,174. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,358/mo property income covering a $1,204/mo payment, not borrower’s personal income.
Single Family
Built in 1976
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47715, Evansville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,106 (100%) |
| Owner Occupied HU | 7,008 (46.4%) |
| Renter Occupied HU | 7,082 (46.9%) |
| Vacant Housing Units | 1,016 ( 6.7%) |
| Median Home Value | $218,062 |
| Average Home Value | $246,752 |
Housing Distribution
Address Breakdown
Residential
14,912
Single Family
11,610
Multi-Family
3,302
Businesses
1,567
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Listed by: Amanda Conyers • RE/MAX REVOLUTION
Mls Name: IRMLS
Mls Provider:
Mls ID: #202439350
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.