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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 508 Main St APT 2F, Evansville, IN, 47708 offers a 9.5% rental yield on a $219,500 purchase with $1,738/mo rent. Total monthly income registers $1,738/mo, and a $1,074/mo payment leaves $17/mo available for distribution. Annual cash flow reaches $200/yr on $72,764 to close, and return on cash invested stands at 20.18% in year one. Equity gained on principal adds $1,416/yr while 5% annual appreciation supports $60,644 over five years. Portfolio math shows five-year ROI at 106.5% and total cumulative return in cash at $77,494. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,738/mo property income against a $1,074/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2006
N/A lot
$N/A/sqft
$396 monthly HOA
Neighborhood data shown for ZIP Code: 47708, Evansville, IN area.
| 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 |
Residential
461
Single Family
263
Multi-Family
198
Businesses
508
Date | Event | Price |
|---|---|---|
| 2025-05-01 | Listed for sale | $219,500 |
| 2022-07-29 | Sold | $190,000 |
| 2022-07-20 | Pending sale | $193,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-01 | $1919.36 | 2.00% | $193,200 | 1.58% |
| 2023-05-01 | $1881.72 | 27.51% | $190,200 | 9.69% |
| 2022-05-01 | $1475.72 | 6.69% | $173,400 | 28.25% |
Listed by: Carolyn S McClintock • F.C. TUCKER EMGE
Mls Name: IRMLS
Mls Provider:
Mls ID: #202515399
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.
