2105 W Indiana St, Evansville, IN, 47712 | $249/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2105 W Indiana St, Evansville, IN, 47712 | $249/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Evansville at 2105 W Indiana St, Evansville, IN, 47712 listed at $222,000 pairs $1,582/mo rent with a $1,087/mo payment to leave $249/mo cash flow. Total monthly income runs $1,582/mo, and annual cash flow reaches $2,987/yr on $73,593 cash to close. Return on cash invested measures 23.97% in year one, and rental yield registers 8.55% at a $222,000 basis. Equity gained on principal adds $1,433/yr, and annual property appreciation at 5% supports $61,335 by year five. Five-year ROI tracks 124.35% and total cumulative return in cash totals $91,515. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,582/mo property income relative to a $1,087/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Home Type Unknown

Built in 1889

3,689 sqft lot

$N/A/sqft

No HOA

More details about the property

Completely remodeled single family home that can be easily split into separate units if stairs are built off the new balcony leading to the back yard. Downstairs boasts a huge kitchen with new appliances, big living and dining space, giant master, full bath with deep jacuzzi tubs with jets. Laundry with newer washer and dryer located off the kitchen. Back yard has been partially revamped to include painted privacy fence, a graveled fire pit area, seeded lawn, and raised garden beds. Upstairs, youll find another living room, two additional bedrooms, a separate flex/office space that leads directly to the large balcony. This flex space has a vent and outlet suitable for a second laundry or another small kitchen. Metered separately with the upstairs on a different panel. The gas downstairs includes a tankless water heater that supplies the entire house up to 140 degrees and never runs out! Small crawlspace that contains the water heater and downstairs heating and air. Second level heating and air is upstairs. Detached garage behind the house. $2k allowance for the garage roof that just started leaking but is tarped and an easy fix with some decking. Roof for both the house and garage is approximately 5 years old. Entire house is wired with security. Single family owner just bought this home in November, so all repairs necessary for VA loan approval were completed at that time. Our family has decided to relocate out of the area. FSBO and will show on appointment only.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47712, Evansville, IN area.

Housing Distribution

Housing Statistics

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