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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 1020 W Heerdink Ave, Evansville, IN, 47710 priced at $315,000 pairs $1,448/mo rent with after a $1,542/mo payment. Total monthly income equals $1,448/mo. Return on cash invested is 14.3% in year one, and rental yield stands at 5.52% on a $315,000 basis. Equity gained on principal adds $2,033/yr, and 5% annual appreciation accumulates to $87,029 by year five. Five-year ROI measures 72.7% and total cumulative return in cash reaches $75,917. For financing, Ziffy Mortgage’s DSCR program evaluates $1,448/mo property income against a $1,542/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1959
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47710, Evansville, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,028 (100%) |
| Owner Occupied HU | 4,484 (49.7%) |
| Renter Occupied HU | 3,556 (39.4%) |
| Vacant Housing Units | 988 (10.9%) |
| Median Home Value | $169,138 |
| Average Home Value | $212,042 |
Residential
8,354
Single Family
7,255
Multi-Family
1,099
Businesses
587
Date | Event | Price |
|---|---|---|
| 2025-05-09 | Listed for sale | $315,000 |
| 2024-12-13 | Sold | $182,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-12 | $3153.12 | -1.45% | $141,700 | 2.24% |
| 2023-05-12 | $3199.50 | 7.19% | $138,600 | -0.79% |
| 2022-05-12 | $2985.00 | 2.22% | $139,700 | 8.63% |
Listed by: Kent Brenneman • eXp Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516961
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.
