








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 305 Key West Dr, Evansville, IN, 47712 offers a 5.31% rental yield on a $616,900 purchase with $2,730/mo rent. 17% in year one. Equity gained on principal adds $3,981/yr while 5% annual appreciation supports $170,438 over five years. Portfolio math shows five-year ROI at 71.84% and total cumulative return in cash at $145,802. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,730/mo property income against a $3,019/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1991
0.60 Acres 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 |
|---|---|---|
| 2025-10-08 | Listing removed | $649,900 |
| 2025-07-01 | Listed for sale | $649,900 |
| 2025-05-23 | Listing removed | $724,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-31 | $5405.24 | 6.32% | $512,500 | 3.64% |
| 2023-10-31 | $5084.08 | 12.08% | $494,500 | 7.73% |
| 2022-10-31 | $4536.08 | 2.65% | $459,000 | 14.18% |



Listed by: N/A • N/A
Mls Name: F.C. Tucker Emge REALTORS
Mls ID: #202518242