Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 116 Althaus Ave, Evansville, IN, 47712 with 5% annual appreciation on a $140,000 basis while $1,211/mo rent supports operations. Total monthly income totals $1,211/mo and a $685/mo payment preserves $371/mo for cash returns. Annual cash flow comes to $4,450/yr on $46,410 deployed, and return on cash invested reaches 29.5% in year one. Equity gained on principal adds $903/yr, and five-year appreciation sums $38,679 alongside rental yield of 10.38%. Five-year ROI measures 154.02% and total cumulative return in cash totals $71,482.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,211/mo property income versus a $685/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1921
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47712, Evansville, IN area.
| 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 |
Residential
10,381
Single Family
9,635
Multi-Family
746
Businesses
517
Date | Event | Price |
|---|---|---|
| 2025-09-10 | Sold | $140,000 |
| 2025-08-28 | Pending sale | $149,500 |
| 2025-08-25 | Listed for sale | $149,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $866.10 | 57.68% | $89,600 | -0.78% |
| 2023-10-24 | $549.26 | 1.80% | $90,300 | 24.55% |
| 2022-10-24 | $539.56 | 3.88% | $72,500 | 7.41% |
What's Special
Storage
Listed by: William Hitch • Midwest Land & Lifestyle, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202534014
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.
