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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 3713 Ridgeway Ave, Evansville, IN, 47714 uses $67,924 cash to close to unlock $1,919/yr annual cash flow and $160/mo monthly cash flow. Total monthly income runs $1,390/mo, and a $1,003/mo payment keeps the spread at $160/mo. Purchase price stands at $204,900, and rental yield measures 8.14% with $1,390/mo rent. Return on cash invested shows 22.73% in year one, and 5% annual appreciation builds toward $56,610 over five years. Five-year ROI reaches 117.75% and total cumulative return in cash records $79,978. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,390/mo property income covering a $1,003/mo payment rather than investor’s personal income.
Single Family
Built in 1995
7,840 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 | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Mindy Word • F.C. TUCKER EMGE
Mls Name: IRMLS
Mls ID: #202539098
