8508 Carrington DriveEvansvilleIN47711
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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 8508 Carrington Drive, Evansville, IN, 47711 at $765,000 posts ROI 16.1% with from $4,537/mo rent. Total monthly income equals $4,537/mo. Return on cash invested measures 16.1% and rental yield reads 7.12% at the current $765,000. Equity gained on principal adds $4,936/yr, and 5% annual appreciation supports $211,355 by year five. Five-year ROI prints 83.46% and total cumulative return in cash totals $210,047. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $4,537/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1989
0.91 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47711, Evansville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,101 (100%) |
| Owner Occupied HU | 9,728 (69.0%) |
| Renter Occupied HU | 3,243 (23.0%) |
| Vacant Housing Units | 1,130 ( 8.0%) |
| Median Home Value | $186,195 |
| Average Home Value | $202,916 |
Housing Distribution
Address Breakdown
Residential
13,613
Single Family
13,451
Multi-Family
162
Businesses
915
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Listed by: Mindy Harrington • Keller Williams Louisville
Mls Name: SIRA
Mls Provider:
Mls ID: #202508431
Disclaimer: IDX information is provided exclusively for consumers personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.