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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% |
Rental property for sale in Evansville at 3406 Mount Vernon Ave, Evansville, IN, 47712 priced at $128,000 pairs $1,109/mo rent with $314/mo cash flow after a $627/mo payment. Total monthly income equals $1,109/mo, and annual cash flow comes to $3,770/yr on $42,432 invested. Return on cash invested is 28.79% in year one, and rental yield stands at 10.4% on a $128,000 basis. Equity gained on principal adds $826/yr, and 5% annual appreciation accumulates to $35,364 by year five. Five-year ROI measures 150.65% and total cumulative return in cash reaches $63,923. For financing, Ziffy Mortgage’s DSCR program evaluates $1,109/mo property income against a $627/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
3,484 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 |
|---|---|---|
| 2024-11-18 | Sold | $128,000 |
| 2024-10-17 | Pending sale | $130,000 |
| 2024-10-07 | Listed for sale | $130,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-23 | $1386.60 | 39.12% | $63,400 | -0.63% |
| 2023-10-23 | $996.72 | 9.90% | $63,800 | 39.91% |
| 2022-10-23 | $906.96 | 232.93% | $45,600 | 10.68% |
Listed by: Rebecca Busch • KELLER WILLIAMS CAPITAL REALTY
Mls Name: IRMLS
Mls Provider:
Mls ID: #202438906
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.
