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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 201 N Elm Ave, Evansville, IN, 47712 priced at $149,900 converts $1,240/mo rent into $340/mo cash flow after a $734/mo obligation. Total monthly income equals $1,240/mo, and annual cash flow totals $4,078/yr on $49,692 invested. Return on cash invested prints 28.12% in year one, and rental yield reads 9.93% against a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation compiles into $41,415 by year five. Five-year ROI reaches 146.6% and total cumulative return in cash sums $72,851. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,240/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in 1906
8,276 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 |
|---|---|---|
| 2013-02-21 | Sold | $76,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-27 | $9.19 | 83.80% | $100 | N/A |
| 2023-03-27 | $5.00 | N/A | $100 | N/A |
| 2022-03-27 | $5.00 | N/A | $100 | N/A |
Listed by: Carson Lowry • RE/MAX REVOLUTION
Mls Name: IRMLS
Mls Provider:
Mls ID: #202509976
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.
