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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 2233 Swinging Way, Evansville, IN, 47711 with 5% annual appreciation on a $289,500 basis while $2,470/mo rent supports operations. Total monthly income totals $2,470/mo and a $1,417/mo payment preserves $731/mo for cash returns. Annual cash flow comes to $8,774/yr on $95,969 deployed, and return on cash invested reaches 29.05% in year one. Equity gained on principal adds $1,868/yr, and five-year appreciation sums $79,984 alongside rental yield of 10.24%. Five-year ROI measures 151.66% and total cumulative return in cash totals $145,551.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,470/mo property income versus a $1,417/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1961
0.60 Acres 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 |
|---|---|---|
| 2025-04-15 | Listed for sale | $289,500 |
| 2021-02-17 | Sold | $215,000 |
| 2021-01-06 | Pending sale | $209,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-15 | $2413.00 | 8.05% | $227,200 | -5.77% |
| 2023-04-15 | $2233.20 | 42.45% | $241,100 | 12.35% |
| 2022-04-15 | $1567.74 | -53.05% | $214,600 | 38.54% |
Listed by: Amy L Price • RE/MAX REVOLUTION
Mls Name: IRMLS
Mls Provider:
Mls ID: #202512762
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.
