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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 2226 E Chandler Ave, Evansville, IN, 47714 offers a 9.53% rental yield on a $279,000 purchase with $2,215/mo rent. Total monthly income registers $2,215/mo, and a $1,366/mo payment leaves $540/mo available for distribution. Annual cash flow reaches $6,477/yr on $92,489 to close, and return on cash invested stands at 26.91% in year one. Equity gained on principal adds $1,800/yr while 5% annual appreciation supports $77,083 over five years. Portfolio math shows five-year ROI at 140.17% and total cumulative return in cash at $129,643. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,215/mo property income against a $1,366/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1939
9,583 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 |
|---|---|---|
| 2025-04-09 | Listed for sale | $279,000 |
| 2015-02-27 | Sold | $189,000 |
| 2015-01-10 | Price change | $187,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-10 | $1735.06 | -1.60% | $257,500 | 74.10% |
| 2023-04-10 | $1763.32 | -11.30% | $147,900 | -0.40% |
| 2022-04-10 | $1987.88 | 1.79% | $148,500 | -11.18% |
What's Special
Storage
Listed by: Geri L Terry • F.C. TUCKER EMGE
Mls Name: IRMLS
Mls Provider:
Mls ID: #202511910
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.
