8609 Churchill CtEvansvilleIN47725
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
Investment Highlights
Investment property for sale in Evansville at 8609 Churchill Ct, Evansville, IN, 47725 uses $75,914 cash to close to unlock $7,778/yr annual cash flow and $648/mo monthly cash flow. Total monthly income runs $2,023/mo, and a $1,121/mo payment keeps the spread at $648/mo. Purchase price stands at $229,000, and rental yield measures 10.6% with $2,023/mo rent. Return on cash invested shows 30.16% in year one, and 5% annual appreciation builds toward $63,268 over five years. Five-year ROI reaches 157.59% and total cumulative return in cash records $119,633. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,023/mo property income covering a $1,121/mo payment rather than investor’s personal income.
Single Family
Built in 1997
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47725, Evansville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,691 (100%) |
| Owner Occupied HU | 7,049 (91.7%) |
| Renter Occupied HU | 355 ( 4.6%) |
| Vacant Housing Units | 287 ( 3.7%) |
| Median Home Value | $291,497 |
| Average Home Value | $339,153 |
Housing Distribution
Address Breakdown
Residential
7,898
Single Family
7,898
Multi-Family
0
Businesses
359
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jane Z Crowley • RE/MAX REVOLUTION
Mls Name: IRMLS
Mls Provider:
Mls ID: #202526733
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.