7518 Meadowview DrEvansvilleIN47710
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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 7518 Meadowview Dr, Evansville, IN, 47710 earns $503/mo cash flow from $1,944/mo rent with a $1,175/mo payment. Total monthly income totals $1,944/mo, and annual cash flow totals $6,036/yr on $79,560 capital. ROI tracks 27.5% on current figures, and rental yield reads 9.72% at a $240,000 purchase. Equity gained on principal adds $1,549/yr, and 5% annual appreciation supports $66,308 over five years. Five-year ROI reaches 143.26% and total cumulative return in cash sums $113,978. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,944/mo property income instead of your personal income.
Single Family
Built in 1974
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47710, Evansville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,028 (100%) |
| Owner Occupied HU | 4,484 (49.7%) |
| Renter Occupied HU | 3,556 (39.4%) |
| Vacant Housing Units | 988 (10.9%) |
| Median Home Value | $169,138 |
| Average Home Value | $212,042 |
Housing Distribution
Address Breakdown
Residential
8,354
Single Family
7,255
Multi-Family
1,099
Businesses
587
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Listed by: Johnna M Hancock-Blake • Berkshire Hathaway HomeServices Indiana Realty
Mls Name: IRMLS
Mls ID: #202600206