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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Evansville at 101 SE 3rd St APT 2C, Evansville, IN, 47708 generates $1,781/mo in rent, after a $1,101/mo payment. Total monthly income is $1,781/mo. Return on cash invested sits at 18.79% in year one, and rental yield is 9.5% on a $225,000 entry. Equity gained on principal adds $1,452/yr, while 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 99.55% and total cumulative return in cash sums $74,253. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,781/mo property income rather than buyer’s personal income.
Condo
Built in 1964
N/A lot
$N/A/sqft
$269 monthly HOA
Neighborhood data shown for ZIP Code: 47708, Evansville, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 696 (100%) |
| Owner Occupied HU | 86 (12.4%) |
| Renter Occupied HU | 349 (50.1%) |
| Vacant Housing Units | 261 (37.5%) |
| Median Home Value | $263,889 |
| Average Home Value | $301,163 |
Residential
461
Single Family
263
Multi-Family
198
Businesses
508
Date | Event | Price |
|---|---|---|
| 2025-04-09 | Listed for sale | $225,000 |
| 2022-01-21 | Sold | $210,000 |
| 2021-12-11 | Pending sale | $214,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-10 | $4643.32 | 99.33% | $195,100 | -8.75% |
| 2023-04-10 | $2329.46 | 7.78% | $213,800 | 0.19% |
| 2022-04-10 | $2161.32 | 2.26% | $213,400 | 9.38% |
Listed by: Penny Crick • ERA FIRST ADVANTAGE REALTY, INC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202512048
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.
