Norwegian Farmhouse Plan, McCutchan TraceEvansvilleIN47725
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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 Norwegian Farmhouse Plan, McCutchan Trace, Evansville, IN, 47725 uses $106,113 cash to close to unlock $7,179/yr annual cash flow and $598/mo monthly cash flow. Total monthly income runs $2,532/mo, and a $1,567/mo payment keeps the spread at $598/mo. Purchase price stands at $320,100, and rental yield measures 9.49% with $2,532/mo rent. Return on cash invested shows 26.67% in year one, and 5% annual appreciation builds toward $88,438 over five years. Five-year ROI reaches 138.96% and total cumulative return in cash records $147,454. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,532/mo property income covering a $1,567/mo payment rather than investor’s personal income.
Single Family
Built in 2026
N/A lot
$N/A/sqft
$12 monthly 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
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Listed by: N/A • Jagoe Homes
Mls Name: Jagoe Homes
Mls Provider:
Mls ID: #N/A