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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 118-120 Walnut St, Evansville, IN, 47708 offers a 1.52% rental yield on a $1,100,000 purchase with $1,393/mo rent. 83% in year one. Equity gained on principal adds $7,098/yr while 5% annual appreciation supports $303,910 over five years. Portfolio math shows five-year ROI at 10.89% and total cumulative return in cash at $38,803. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,393/mo property income against a $5,384/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1934
10,454 sqft lot
$N/A/sqft
No 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 |
|---|---|---|
| 2025-08-16 | Listed for sale | $1,100,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Stacy J Stevens • Landmark Realty & Development, Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202532726
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.
