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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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Listed by: Jerrod W Eagleson • KELLER WILLIAMS CAPITAL REALTY
Mls Name: IRMLS
Mls ID: #202528648
Rental property for sale in Evansville at 3119 E Mulberry St, Evansville, IN, 47714 generates $1,657/mo in rent and, after a $1,272/mo payment, leaves $97/mo in cash flow. Total monthly income is $1,657/mo, and annual cash flow is $1,163/yr on $86,157 invested. Return on cash invested sits at 21.26% in year one, and rental yield is 7.65% on a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 109.82% and total cumulative return in cash sums $94,618. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,657/mo property income rather than buyer’s personal income.
Single Family
Built in 1939
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47714, Evansville, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,625 (100%) |
| Owner Occupied HU | 7,947 (50.9%) |
| Renter Occupied HU | 5,921 (37.9%) |
| Vacant Housing Units | 1,757 (11.2%) |
| Median Home Value | $150,643 |
| Average Home Value | $196,114 |
Residential
14,661
Single Family
13,749
Multi-Family
912
Businesses
674
Date | Event | Price |
|---|---|---|
| No price history data available | ||
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
