Summit Craftsman Plan, Westridge CommonsEvansvilleIN47712
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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 Summit Craftsman Plan, Westridge Commons, Evansville, IN, 47712 uses $110,588 cash to close to unlock $6,915/yr annual cash flow and $576/mo monthly cash flow. Total monthly income runs $2,600/mo, and a $1,633/mo payment keeps the spread at $576/mo. Purchase price stands at $333,600, and rental yield measures 9.35% with $2,600/mo rent. Return on cash invested shows 26.16% in year one, and 5% annual appreciation builds toward $92,168 over five years. Five-year ROI reaches 136.25% and total cumulative return in cash records $150,673. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,600/mo property income covering a $1,633/mo payment rather than investor’s personal income.
Single Family
Built in 2026
N/A lot
$N/A/sqft
$21 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47712, Evansville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,417 (100%) |
| Owner Occupied HU | 6,822 (59.8%) |
| Renter Occupied HU | 3,381 (29.6%) |
| Vacant Housing Units | 1,214 (10.6%) |
| Median Home Value | $224,192 |
| Average Home Value | $254,495 |
Housing Distribution
Address Breakdown
Residential
10,381
Single Family
9,635
Multi-Family
746
Businesses
517
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Listed by: N/A • Jagoe Homes
Mls Name: Jagoe Homes
Mls Provider:
Mls ID: #N/A