822 Madison Ave, Evansville, IN, 47713 | $249/mo Cash Flow

For Sale

Currently Rented

Rental Income

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 822 Madison Ave, Evansville, IN, 47713 uses $45,084 cash to close to unlock $2,991/yr annual cash flow and $249/mo monthly cash flow. Total monthly income runs $1,066/mo, and a $666/mo payment keeps the spread at $249/mo. Purchase price stands at $136,000, and rental yield measures 9.41% with $1,066/mo rent. Return on cash invested shows 26.54% in year one, and 5% annual appreciation builds toward $37,574 over five years. Five-year ROI reaches 138.25% and total cumulative return in cash records $62,330. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,066/mo property income covering a $666/mo payment rather than investor’s personal income.

Single Family

Built in 1949

4,268 sqft lot

$N/A/sqft

No HOA