8311 River Park WayEvansvilleIN47715
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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 8311 River Park Way, Evansville, IN, 47715 offers $1,606/mo rent that, after a $1,025/mo payment, leaves $349/mo cash flow. Total monthly income is $1,606/mo, and annual cash flow is $4,186/yr on $69,449 cash. Return on cash invested measures 25.94% in year one, and rental yield stands at 9.2% at a $209,500 entry. Equity gained on principal adds $1,352/yr while 5% annual appreciation compounds into $57,881 by year five. Five-year ROI records 134.92% and total cumulative return in cash reaches $93,699. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,606/mo property income versus a $1,025/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 1995
N/A 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: N/A • N/A
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