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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 2301 Schenk Rd, Evansville, IN, 47720 offers a 4.99% rental yield on a $899,900 purchase with $3,742/mo rent. 3% in year one. Equity gained on principal adds $5,807/yr while 5% annual appreciation supports $248,626 over five years. Portfolio math shows five-year ROI at 67.13% and total cumulative return in cash at $198,736. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,742/mo property income against a $4,405/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2001
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47720, Evansville, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,528 (100%) |
| Owner Occupied HU | 5,956 (79.1%) |
| Renter Occupied HU | 1,089 (14.5%) |
| Vacant Housing Units | 483 ( 6.4%) |
| Median Home Value | $259,054 |
| Average Home Value | $282,141 |
Residential
7,407
Single Family
7,389
Multi-Family
18
Businesses
184
Date | Event | Price |
|---|---|---|
| 2010-04-12 | Sold | $475,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-09 | $7566.88 | -2.78% | $694,600 | 5.19% |
| 2023-07-09 | $7783.20 | 35.09% | $660,300 | -1.03% |
| 2022-07-09 | $5761.36 | 1.86% | $667,200 | 39.44% |
Listed by: Melanie Quates • ERA FIRST ADVANTAGE REALTY, INC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202526413
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.
