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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 1908 E Mulberry St, Evansville, IN, 47714 priced at $188,900 converts $1,553/mo rent into $376/mo cash flow after a $925/mo obligation. Total monthly income equals $1,553/mo, and annual cash flow totals $4,508/yr on $62,620 invested. Return on cash invested prints 27.11% in year one, and rental yield reads 9.87% against a $188,900 entry. Equity gained on principal adds $1,219/yr, while 5% annual appreciation compiles into $52,190 by year five. Five-year ROI reaches 141.52% and total cumulative return in cash sums $88,623. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,553/mo property income covering a $925/mo payment, not borrower’s personal income.
Single Family
Built in 1938
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47714, Evansville, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,625 (100%) |
| Owner Occupied HU | 7,947 (50.9%) |
| Renter Occupied HU | 5,921 (37.9%) |
| Vacant Housing Units | 1,757 (11.2%) |
| Median Home Value | $150,643 |
| Average Home Value | $196,114 |
Residential
14,661
Single Family
13,749
Multi-Family
912
Businesses
674
Date | Event | Price |
|---|---|---|
| 2025-08-20 | Listing removed | $199,900 |
| 2025-07-16 | Price change | $199,900 |
| 2025-06-18 | Price change | $205,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-27 | $2083.88 | 19.79% | $199,500 | 3.15% |
| 2023-10-27 | $1739.56 | 17.97% | $193,400 | 20.35% |
| 2022-10-27 | $1474.56 | 1.94% | $160,700 | 18.95% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
