7701 Pendleton Ave, Evansville, IN, 47715 | $635/mo Cash Flow

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7701 Pendleton Ave, Evansville, IN, 47715 | $635/mo Cash Flow | Ziffy

Pending

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Evansville at 7701 Pendleton Ave, Evansville, IN, 47715 offers a 11.97% rental yield on a $159,900 purchase with $1,595/mo rent. Total monthly income registers $1,595/mo, and a $783/mo payment leaves $635/mo available for distribution. Annual cash flow reaches $7,617/yr on $53,007 to close, and return on cash invested stands at 34.28% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,177 over five years. Portfolio math shows five-year ROI at 179.67% and total cumulative return in cash at $95,238. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,595/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1994

8,276 sqft lot

$N/A/sqft

No HOA

More details about the property

Love where you live! This charming 2-bedroom, 1-bath home on Evansvilles East Side is set on a large corner lot with plenty of curb appeal. Inside, youre welcomed by a spacious great room with a cathedral ceiling that creates an open, airy feel. The eat-in kitchen features a generous dining area, extensive cabinetry for storage, and room to gather around the table. Both bedrooms are nicely sized with easy access to the full bath. A dedicated laundry room with built-in cabinetry provides extra organization and function. Outdoors, the fully fenced back yard offers ample space for entertaining, gardening, or relaxing. With its convenient location, thoughtful layout, and roomy lot, this home is a wonderful opportunity.

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