816 Southfield RdEvansvilleIN47715
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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 816 Southfield Rd, Evansville, IN, 47715 with 5% annual appreciation on a $220,000 basis while $1,582/mo rent supports operations. Total monthly income totals $1,582/mo and a $1,077/mo payment preserves $261/mo for cash returns. Annual cash flow comes to $3,134/yr on $72,930 deployed, and return on cash invested reaches 24.21% in year one. Equity gained on principal adds $1,420/yr, and five-year appreciation sums $60,782 alongside rental yield of 8.63%. Five-year ROI measures 125.69% and total cumulative return in cash totals $91,667.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,582/mo property income versus a $1,077/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1977
7,840 sqft 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: Cara Gile • Berkshire Hathaway HomeServices Indiana Realty
Mls Name: IRMLS
Mls ID: #202536648