307 Schreeder Ave, Evansville, IN, 47712 | $674/mo Cash Flow

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307 Schreeder Ave, Evansville, IN, 47712 | $674/mo Cash Flow | Ziffy

Pending

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 307 Schreeder Ave, Evansville, IN, 47712 offers a 11.57% rental yield on a $185,000 purchase with $1,784/mo rent. Total monthly income registers $1,784/mo, and a $905/mo payment leaves $674/mo available for distribution. Annual cash flow reaches $8,088/yr on $61,328 to close, and return on cash invested stands at 33.1% in year one. Equity gained on principal adds $1,194/yr while 5% annual appreciation supports $51,112 over five years. Portfolio math shows five-year ROI at 173.29% and total cumulative return in cash at $106,275. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,784/mo property income against a $905/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1930

4,181 sqft lot

$N/A/sqft

No HOA

More details about the property

Nestled in one of Evansvilles desirable west side subdivisions, this updated 4-bedroom, 2-bath home offers a perfect blend of comfort, functionality, and location, just minutes from the University of Southern Indiana, Westside schools, shopping, and local amenities. Inside, youll find updated luxury vinyl tile (LVT) flooring, vinyl replacement windows, and a spacious layout with tall ceilings. The main level features 600 square feet, including a sunroom that adds 270 square feet of inviting living space. From the sunroom, step out onto the attached deck, ideal for outdoor relaxation or entertaining. The finished basement boasts of a large great room, two additional bedrooms, and a full bathroom, ideal for guests, extended family, or a quiet office setup. A brand new sewage ejector pump, professionally installed just six months ago, ensures peace of mind. In addition to the finished areas, theres 325 square feet of bonus space accessed through the garage, perfect for a workshop, home gym, or added storage, and not included in the homes main square footage. With its thoughtful upgrades, flexible living spaces, and unbeatable west side location, this home offers charm, practicality, and room to grow. Schedule your showing today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47712, Evansville, IN area.

Housing Distribution

Housing Statistics

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