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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% |
Investment property for sale in Evansville at 1023 W Franklin St, Evansville, IN, 47710 uses $49,692 cash to close to unlock $6,730/yr annual cash flow and $561/mo monthly cash flow. Total monthly income runs $1,461/mo, and a $734/mo payment keeps the spread at $561/mo. Purchase price stands at $149,900, and rental yield measures 11.7% with $1,461/mo rent. Return on cash invested shows 33.45% in year one, and 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 175.25% and total cumulative return in cash records $87,083. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,461/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1894
2,178 sqft 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 |
|---|---|---|
| 2025-05-07 | Listed for sale | $149,900 |
| 2025-04-30 | Listing removed | $159,000 |
| 2025-04-07 | Price change | $159,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-08 | $143.34 | -0.54% | $22,800 | 245.45% |
| 2023-05-08 | $144.12 | 1.32% | $6,600 | N/A |
| 2022-05-08 | $142.24 | 2.33% | $6,600 | 3.13% |
Listed by: Michael W Melton • ERA FIRST ADVANTAGE REALTY, INC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516367
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.
