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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 2807 W Franklin St, Evansville, IN, 47712 listed at $164,900 pairs $1,194/mo rent with a $807/mo payment to leave $127/mo cash flow. Total monthly income runs $1,194/mo, and annual cash flow reaches $1,524/yr on $54,664 cash to close. Return on cash invested measures 22.7% in year one, and rental yield registers 8.69% at a $164,900 basis. Equity gained on principal adds $1,064/yr, and annual property appreciation at 5% supports $45,559 by year five. Five-year ROI tracks 118.26% and total cumulative return in cash totals $64,648. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,194/mo property income relative to a $807/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47712, Evansville, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,417 (100%) |
| Owner Occupied HU | 6,822 (59.8%) |
| Renter Occupied HU | 3,381 (29.6%) |
| Vacant Housing Units | 1,214 (10.6%) |
| Median Home Value | $224,192 |
| Average Home Value | $254,495 |
Residential
10,381
Single Family
9,635
Multi-Family
746
Businesses
517
Date | Event | Price |
|---|---|---|
| 2025-06-30 | Listed for sale | $164,900 |
| 2008-12-30 | Sold | $55,000 |
| 2008-10-27 | Listed for sale | $69,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-01 | $2295.60 | 38.33% | $107,100 | 1.32% |
| 2023-07-01 | $1659.54 | 6.68% | $105,700 | 39.08% |
| 2022-07-01 | $1555.68 | 2.33% | $76,000 | 8.57% |
What's Special
Storage
Listed by: JoElle Knight • F.C. TUCKER EMGE
Mls Name: IRMLS
Mls Provider:
Mls ID: #202525075
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.
