7513 E Blackford 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
Investment property for sale in Evansville at 7513 E Blackford Ave, Evansville, IN, 47715 earns $360/mo cash flow from $2,791/mo rent with a $1,982/mo payment. Total monthly income totals $2,791/mo, and annual cash flow totals $4,321/yr on $134,258 capital. ROI tracks 23.13% on current figures, and rental yield reads 8.27% at a $405,000 purchase. Equity gained on principal adds $2,613/yr, and 5% annual appreciation supports $111,894 over five years. Five-year ROI reaches 119.89% and total cumulative return in cash sums $160,958. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,791/mo property income instead of your personal income.
Single Family
Built in 1983
10,454 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: Jacy Gowen • Weichert Realtors-The Schulz Group
Mls Name: IRMLS
Mls ID: #202546153