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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 2023 E Columbia St, Evansville, IN, 47711 earns $563/mo cash flow from $1,610/mo rent with a $854/mo payment. Total monthly income totals $1,610/mo, and annual cash flow totals $6,751/yr on $57,847 capital. ROI tracks 31.58% on current figures, and rental yield reads 11.07% at a $174,500 purchase. Equity gained on principal adds $1,126/yr, and 5% annual appreciation supports $48,211 over five years. Five-year ROI reaches 165.22% and total cumulative return in cash sums $95,574. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,610/mo property income instead of your personal income.
Single Family
Built in 1943
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47711, Evansville, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,101 (100%) |
| Owner Occupied HU | 9,728 (69.0%) |
| Renter Occupied HU | 3,243 (23.0%) |
| Vacant Housing Units | 1,130 ( 8.0%) |
| Median Home Value | $186,195 |
| Average Home Value | $202,916 |
Residential
13,613
Single Family
13,451
Multi-Family
162
Businesses
915
Date | Event | Price |
|---|---|---|
| 2025-07-22 | Sold | $174,500 |
| 2025-06-16 | Pending sale | $174,900 |
| 2025-06-12 | Listed for sale | $174,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $792.96 | -5.14% | $95,600 | 10.14% |
| 2023-10-24 | $835.96 | 50.14% | $86,800 | -0.46% |
| 2022-10-24 | $556.78 | 3.19% | $87,200 | 26.01% |
Listed by: Missy Bentley • Real Broker LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202522436
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.
