758-760 S Evans AveEvansvilleIN47713
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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 758-760 S Evans Ave, Evansville, IN, 47713 generates $1,410/mo in rent and, after a $612/mo payment, leaves $659/mo in cash flow. Total monthly income is $1,410/mo, and annual cash flow is $7,914/yr on $41,438 invested. Return on cash invested sits at 39.01% in year one, and rental yield is 13.54% on a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 205.04% and total cumulative return in cash sums $84,965. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,410/mo property income rather than buyer’s personal income.
Multi Family
Built in 1919
1,742 sqft lot
$N/A/sqft
No HOA
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Nearby investment properties with comparable prices
Listed by: Trae Dauby • Dauby Real Estate
Mls Name: IRMLS
Mls ID: #202536749