7516 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 7516 E Blackford Ave, Evansville, IN, 47715 uses $77,869 cash to close to unlock $6,800/yr annual cash flow and $567/mo monthly cash flow. Total monthly income runs $1,977/mo, and a $1,150/mo payment keeps the spread at $567/mo. Purchase price stands at $234,900, and rental yield measures 10.1% with $1,977/mo rent. Return on cash invested shows 28.64% in year one, and 5% annual appreciation builds toward $64,899 over five years. Five-year ROI reaches 149.45% and total cumulative return in cash records $116,373. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,977/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Single Family
Built in 1981
0.81 Acres 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: Carolyn L Ellis • ERA FIRST ADVANTAGE REALTY, INC
Mls Name: IRMLS
Mls ID: #202548209