2722 N Red Bank Rd, Evansville, IN, 47720 | $209/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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2722 N Red Bank Rd, Evansville, IN, 47720 | $209/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 2722 N Red Bank Rd, Evansville, IN, 47720 listed at $309,900 pairs $2,069/mo rent with a $1,517/mo payment to leave $209/mo cash flow. Total monthly income runs $2,069/mo, and annual cash flow reaches $2,502/yr on $102,732 cash to close. Return on cash invested measures 22.34% in year one, and rental yield registers 8.01% at a $309,900 basis. Equity gained on principal adds $2,000/yr, and annual property appreciation at 5% supports $85,620 by year five. Five-year ROI tracks 115.66% and total cumulative return in cash totals $118,824. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,069/mo property income relative to a $1,517/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1939

1.03 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautifully renovated West Side home, perfectly situated on 1 acre! The main level has been completely updated, featuring a gorgeous kitchen with rich wooden cabinetry, stainless steel appliances, and a spacious living area filled with natural light. Two comfortable bedrooms and a completely renovated full bath complete the main floor. Upstairs, youll find a third bedroom and additional space that awaits your personal touch. The basement offers a cozy electric fireplace, a secondary living area, and a full bathfully functional and ready to be finished to suit your needs. Outdoors, a large 30'x70' barn provides parking for up to four cars, along with ample workshop space ready for use! Behind the barn, you'll find a fenced in area perfect for pets to roam. A gravel lot has been added for additional parking. Conveniently located near USI, shopping, restaurants, and medical facilities, this property combines modern updates with room to growall in a sought-after West Side location.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47720, Evansville, IN area.

Housing Distribution

Housing Statistics

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