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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 1208 Stonebridge Rd, Evansville, IN, 47710 listed at $217,900 pairs $1,661/mo rent with a $1,067/mo payment to leave $319/mo cash flow. Total monthly income runs $1,661/mo, and annual cash flow reaches $3,827/yr on $72,234 cash to close. Return on cash invested measures 25.21% in year one, and rental yield registers 9.15% at a $217,900 basis. Equity gained on principal adds $1,406/yr, and annual property appreciation at 5% supports $60,202 by year five. Five-year ROI tracks 131.21% and total cumulative return in cash totals $94,776. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,661/mo property income relative to a $1,067/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1974
0.25 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 |
|---|---|---|
| 2025-08-21 | Sold | $217,900 |
| 2025-07-27 | Pending sale | $217,900 |
| 2025-07-25 | Listed for sale | $217,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-25 | $2212.12 | 25.23% | $210,000 | 2.99% |
| 2023-10-25 | $1766.40 | 21.20% | $203,900 | 24.63% |
| 2022-10-25 | $1457.40 | 1.93% | $163,600 | 22.46% |
Listed by: Stephanie Robles • KELLER WILLIAMS CAPITAL REALTY
Mls Name: IRMLS
Mls Provider:
Mls ID: #202528914
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.
