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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 1429 Delmar Ave, Evansville, IN, 47712 offers a 16.19% rental yield on a $200,000 purchase with $2,699/mo rent. Total monthly income registers $2,699/mo, and a $979/mo payment leaves $1,498/mo available for distribution. Annual cash flow reaches $17,980/yr on $66,300 to close, and return on cash invested stands at 47.03% in year one. Equity gained on principal adds $1,291/yr while 5% annual appreciation supports $55,256 over five years. Portfolio math shows five-year ROI at 248.05% and total cumulative return in cash at $164,456. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,699/mo property income against a $979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
3,484 sqft 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 |
|---|---|---|
| 2024-11-25 | Sold | $200,000 |
| 2024-11-14 | Pending sale | $209,900 |
| 2024-11-06 | Listed for sale | $209,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-23 | $551.64 | -0.93% | $52,000 | 104.72% |
| 2023-10-23 | $556.82 | 4.40% | $25,400 | -0.39% |
| 2022-10-23 | $533.36 | 2.33% | $25,500 | 6.25% |
Listed by: Donnie Dowell • @properties
Mls Name: IRMLS
Mls Provider:
Mls ID: #202443043
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.
