7434 Lyman CtEvansvilleIN47715
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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 7434 Lyman Ct, Evansville, IN, 47715 offers a 8.1% rental yield on a $359,900 purchase with $2,428/mo rent. Total monthly income registers $2,428/mo, and a $1,762/mo payment leaves $267/mo available for distribution. Annual cash flow reaches $3,205/yr on $119,307 to close, and return on cash invested stands at 22.6% in year one. Equity gained on principal adds $2,322/yr while 5% annual appreciation supports $99,434 over five years. Portfolio math shows five-year ROI at 117.04% and total cumulative return in cash at $139,634. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,428/mo property income against a $1,762/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
10,149 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: Amy L Cunningham • F.C. TUCKER EMGE
Mls Name: IRMLS
Mls ID: #202530861