3709 Adobe St, Evansville, IN, 47720 | $514/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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3709 Adobe St, Evansville, IN, 47720 | $514/mo Cash Flow | 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

Rental property for sale in Evansville at 3709 Adobe St, Evansville, IN, 47720 generates $1,835/mo in rent and, after a $1,077/mo payment, leaves $514/mo in cash flow. Total monthly income is $1,835/mo, and annual cash flow is $6,170/yr on $72,930 invested. Return on cash invested sits at 28.37% in year one, and rental yield is 10.01% on a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation builds toward $60,782 over five years. Five-year ROI reaches 148.02% and total cumulative return in cash sums $107,951. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,835/mo property income rather than buyer’s personal income.

Single Family

Built in 1991

0.36 Acres lot

$N/A/sqft

No HOA

More details about the property

This move-in ready 3 bed, 2 bath ranch offers comfortable living in a quiet West Side neighborhood with a convenient split floorplan. A welcoming foyer opens into the eat-in kitchen, which features tall vaulted ceilings, space for a dining table, and a pass-through window with a breakfast bar that overlooks the living room. The living room feels bright and spacious with its vaulted ceilings, wood-burning fireplace, and access to the back deck. The primary suite includes a full ensuite bathroom and walk-in closet, while two additional bedrooms share a second full bath. Outside, enjoy an attached 2-car garage, an open deck, a fenced and landscaped yard, and a storage shedplus a private backyard that adds to the homes appeal.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47720, Evansville, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	7,528 (100%)
Owner Occupied HU	5,956 (79.1%)
Renter Occupied HU	1,089 (14.5%)
Vacant Housing Units	483 ( 6.4%)
Median Home Value	$259,054
Average Home Value	$282,141