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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 203 S Barker Ave, Evansville, IN, 47712 priced at $224,900 converts $1,234/mo rent into after a $1,101/mo obligation. Total monthly income equals $1,234/mo. Return on cash invested prints 18.04% in year one, and rental yield reads 6.58% against a $224,900 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation compiles into $62,136 by year five. Five-year ROI reaches 92.57% and total cumulative return in cash sums $69,013. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,234/mo property income covering a $1,101/mo payment, not borrower’s personal income.
Single Family
Built in 1910
4,791 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 |
|---|---|---|
| 2025-03-12 | Listed for sale | $224,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-13 | $1109.80 | -1.12% | $52,900 | 3.52% |
| 2023-03-13 | $1122.36 | -39.23% | $51,100 | -0.58% |
| 2022-03-13 | $1846.80 | 2.32% | $51,400 | -38.15% |
Listed by: Tiffany Bosecker • Catanese Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202507808
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.
