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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 3100 Magnolia Ln, Evansville, IN, 47715 offers a 10.15% rental yield on a $280,000 purchase with $2,369/mo rent. Total monthly income registers $2,369/mo, and a $1,370/mo payment leaves $689/mo available for distribution. Annual cash flow reaches $8,264/yr on $92,820 to close, and return on cash invested stands at 28.81% in year one. Equity gained on principal adds $1,807/yr while 5% annual appreciation supports $77,359 over five years. Portfolio math shows five-year ROI at 150.35% and total cumulative return in cash at $139,557. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,369/mo property income against a $1,370/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
0.79 Acres 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 |
|---|---|---|
| 2025-07-02 | Sold | $280,000 |
| 2025-06-01 | Pending sale | $285,000 |
| 2025-05-20 | Listed for sale | $285,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-02 | $2195.56 | 32.61% | $182,500 | -9.83% |
| 2023-11-02 | $1655.60 | 6.57% | $202,400 | 31.69% |
| 2022-11-02 | $1553.52 | 2.01% | $153,700 | 7.94% |
Listed by: Alissa R Maynard • F.C. TUCKER EMGE
Mls Name: IRMLS
Mls Provider:
Mls ID: #202518538
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.
