7939 Bingham DrEvansvilleIN47715
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity Builder7939 Bingham Dr, Evansville, IN, 47715 in Evansville is a stable, well-positioned rental at $455,000. Rental yield 7.17%. DSCR 1.34 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $125,708 in value and $4,191/yr in principal paydown builds equity, a total projected return of $166,774.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.2% | 7.2% |
| Monthly Cash Flow | $(117) | $450 |
City averages based on Evansville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,749 |
| Total Monthly Debt Service | $2,659 |
| DSCR Ratio | 1.03x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2020
0.27 Acres lot
$N/A/sqft
$165 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2020
0.27 Acres lot
$N/A/sqft
$165 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: William Ritter • @properties
Mls Name: IRMLS
Mls Provider:
Mls ID: #202523698
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.