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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 3910 Stringtown Rd, Evansville, IN, 47711 generates $1,301/mo in rent and, after a $807/mo payment, leaves $282/mo in cash flow. Total monthly income is $1,301/mo, and annual cash flow is $3,387/yr on $54,664 invested. Return on cash invested sits at 26.1% in year one, and rental yield is 9.47% on a $164,900 entry. Equity gained on principal adds $1,064/yr, while 5% annual appreciation builds toward $45,559 over five years. Five-year ROI reaches 136.13% and total cumulative return in cash sums $74,416. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,301/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47711, Evansville, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,101 (100%) |
| Owner Occupied HU | 9,728 (69.0%) |
| Renter Occupied HU | 3,243 (23.0%) |
| Vacant Housing Units | 1,130 ( 8.0%) |
| Median Home Value | $186,195 |
| Average Home Value | $202,916 |
Residential
13,613
Single Family
13,451
Multi-Family
162
Businesses
915
Date | Event | Price |
|---|---|---|
| 2025-02-10 | Sold | $237,568 |
| 2019-03-05 | Sold | $194,000 |
| 2019-02-12 | Pending sale | $194,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-05 | $1716.34 | 1.36% | $129,400 | -2.49% |
| 2023-06-05 | $1693.32 | 0.39% | $132,700 | -0.45% |
| 2022-06-05 | $1686.66 | 2.27% | $133,300 | 5.29% |
Listed by: Rebecca M Demastus • ERA FIRST ADVANTAGE REALTY, INC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202521057
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.
