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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 2621 Ole Hickory Dr, Evansville, IN, 47715 uses $81,218 cash to close to unlock $8,214/yr annual cash flow and $684/mo monthly cash flow. Total monthly income runs $2,155/mo, and a $1,199/mo payment keeps the spread at $684/mo. Purchase price stands at $245,000, and rental yield measures 10.56% with $2,155/mo rent. Return on cash invested shows 30.02% in year one, and 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 156.84% and total cumulative return in cash records $127,380. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,155/mo property income covering a $1,199/mo payment rather than investor’s personal income.
Condo
Built in 2022
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47715, Evansville, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,106 (100%) |
| Owner Occupied HU | 7,008 (46.4%) |
| Renter Occupied HU | 7,082 (46.9%) |
| Vacant Housing Units | 1,016 ( 6.7%) |
| Median Home Value | $218,062 |
| Average Home Value | $246,752 |
Residential
14,912
Single Family
11,610
Multi-Family
3,302
Businesses
1,567
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Trae Dauby • Dauby Real Estate
Mls Name: IRMLS
Mls ID: #202543322
