323 Main St APT B, Evansville, IN, 47708 | 4.75% Rental Yield

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Price: $300K - 500K

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323 Main St APT B, Evansville, IN, 47708 | 4.75% Rental Yield | Ziffy

For Sale

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 323 Main St APT B, Evansville, IN, 47708 earns from $1,882/mo rent with a $2,325/mo payment. Total monthly income totals $1,882/mo. ROI tracks 12.52% on current figures, and rental yield reads 4.75% at a $475,000 purchase. Equity gained on principal adds $3,065/yr, and 5% annual appreciation supports $131,234 over five years. Five-year ROI reaches 62.99% and total cumulative return in cash sums $99,187. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,882/mo property income instead of your personal income.

Condo

Built in 1910

N/A lot

$N/A/sqft

No HOA

More details about the property

Stylish Downtown Living on Main Street One-of-a-Kind Urban Condo Welcome to the heart of downtown Evansville, where urban energy meets modern luxury. This 1956 Square foot, stunning 2-bedroom, 2-bath condo blends contemporary comfort with an industrial-chic aesthetic, offering one of the most unique living spaces on Main Street. Inside, you'll find soaring ceilings, exposed materials, and bold architectural design that give the home a fiber-industrial feel throughout. The open layout is perfect for entertaining or relaxing, and high-end upgrades are featured in every roomincluding an incredible outdoor kitchen for year-round enjoyment. Additional highlights include: Premium appliances and finishes, Private outdoor space, Dedicated parking space just steps from the rear entranceperfect for easy grocery access, Close to shops, restaurants, and downtown events. Whether you're hosting friends or soaking in the city vibe, this condo delivers style, comfort, and convenience in one unbeatable package.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47708, Evansville, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	696 (100%)
Owner Occupied HU	86 (12.4%)
Renter Occupied HU	349 (50.1%)
Vacant Housing Units	261 (37.5%)
Median Home Value	$263,889
Average Home Value	$301,163