8900 New Harmony RdEvansvilleIN47720
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 8900 New Harmony Rd, Evansville, IN, 47720 at $200,000 posts ROI 31.97% with $666/mo cash flow from $1,879/mo rent. Total monthly income equals $1,879/mo, and annual cash flow records $7,996/yr on $66,300 to close. Return on cash invested measures 31.97% and rental yield reads 11.27% at the current $200,000. Equity gained on principal adds $1,291/yr, and 5% annual appreciation supports $55,256 by year five. Five-year ROI prints 167.4% and total cumulative return in cash totals $110,984.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,879/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1950
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47720, Evansville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,528 (100%) |
| Owner Occupied HU | 5,956 (79.1%) |
| Renter Occupied HU | 1,089 (14.5%) |
| Vacant Housing Units | 483 ( 6.4%) |
| Median Home Value | $259,054 |
| Average Home Value | $282,141 |
Housing Distribution
Address Breakdown
Residential
7,407
Single Family
7,389
Multi-Family
18
Businesses
184
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Johnnie Stewart • Dauby Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202515235
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.