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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 3117 Broadway Ave, Evansville, IN, 47712 with 5% annual appreciation on a $189,900 basis while $1,800/mo rent supports operations. Total monthly income totals $1,800/mo and a $929/mo payment preserves $661/mo for cash returns. Annual cash flow comes to $7,926/yr on $62,952 deployed, and return on cash invested reaches 32.5% in year one. Equity gained on principal adds $1,225/yr, and five-year appreciation sums $52,466 alongside rental yield of 11.37%. Five-year ROI measures 170.16% and total cumulative return in cash totals $107,117.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,800/mo property income versus a $929/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
7,405 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 |
|---|---|---|
| 2025-04-16 | Listed for sale | $189,900 |
| 2021-04-27 | Sold | $112,000 |
| 2010-03-10 | Sold | $78,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-17 | $694.54 | -4.49% | $84,200 | 2.56% |
| 2023-04-17 | $727.16 | 34.38% | $82,100 | -0.48% |
| 2022-04-17 | $541.12 | 3.88% | $82,500 | 19.91% |
Listed by: Lee Riddle • F.C. TUCKER EMGE
Mls Name: IRMLS
Mls Provider:
Mls ID: #202513001
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.
