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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 1111 Harmony Way, Evansville, IN, 47720 priced at $180,000 pairs $1,574/mo rent with $494/mo cash flow after a $881/mo payment. Total monthly income equals $1,574/mo, and annual cash flow comes to $5,922/yr on $59,670 invested. Return on cash invested is 29.83% in year one, and rental yield stands at 10.49% on a $180,000 basis. Equity gained on principal adds $1,162/yr, and 5% annual appreciation accumulates to $49,731 by year five. Five-year ROI measures 155.84% and total cumulative return in cash reaches $92,993. For financing, Ziffy Mortgage’s DSCR program evaluates $1,574/mo property income against a $881/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1860
0.76 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47720, Evansville, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,528 (100%) |
| Owner Occupied HU | 5,956 (79.1%) |
| Renter Occupied HU | 1,089 (14.5%) |
| Vacant Housing Units | 483 ( 6.4%) |
| Median Home Value | $259,054 |
| Average Home Value | $282,141 |
Residential
7,407
Single Family
7,389
Multi-Family
18
Businesses
184
Date | Event | Price |
|---|---|---|
| 2025-04-01 | Price change | $180,000 |
| 2024-07-02 | Listed for sale | $200,000 |
| 2021-04-19 | Sold | $119,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-02 | $1410.60 | 6.99% | $130,300 | 2.36% |
| 2023-04-02 | $1318.44 | 11.98% | $127,300 | 1.84% |
| 2022-04-02 | $1177.34 | 1.36% | $125,000 | 13.12% |
What's Special
Access Only
Listed by: The Harris Group • KELLER WILLIAMS ELITE
Mls Name: Greater Owensboro Realtor Association
Mls Provider:
Mls ID: #91867
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.
