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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 5100 Conlin Ave, Evansville, IN, 47715 generates $1,551/mo in rent and, after a $954/mo payment, leaves $381/mo in cash flow. Total monthly income is $1,551/mo, and annual cash flow is $4,570/yr on $64,643 invested. Return on cash invested sits at 26.98% in year one, and rental yield is 9.54% on a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 140.51% and total cumulative return in cash sums $90,826. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,551/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47715, Evansville, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,106 (100%) |
| Owner Occupied HU | 7,008 (46.4%) |
| Renter Occupied HU | 7,082 (46.9%) |
| Vacant Housing Units | 1,016 ( 6.7%) |
| Median Home Value | $218,062 |
| Average Home Value | $246,752 |
Residential
14,912
Single Family
11,610
Multi-Family
3,302
Businesses
1,567
Date | Event | Price |
|---|---|---|
| 2025-05-02 | Listed for sale | $195,000 |
| 2017-12-01 | Sold | $119,900 |
| 2017-10-11 | Price change | $119,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-04 | $1004.90 | 76.04% | $100,200 | 2.66% |
| 2023-05-04 | $570.82 | 3.62% | $97,600 | 29.27% |
| 2022-05-04 | $550.90 | 3.87% | $75,500 | 7.86% |
Listed by: Mitchell Berry • Key Associates Signature Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202515801
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.
