5508 Stringtown Rd, Evansville, IN, 47711 | 5.93% Rental Yield

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Monthly Cash Flow: 1 - 3k+

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5508 Stringtown Rd, Evansville, IN, 47711 | 5.93% Rental Yield | 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

Investment property for sale in Evansville at 5508 Stringtown Rd, Evansville, IN, 47711 earns from $1,676/mo rent with a $1,659/mo payment. Total monthly income totals $1,676/mo. ROI tracks 16.08% on current figures, and rental yield reads 5.93% at a $339,000 purchase. Equity gained on principal adds $2,188/yr, and 5% annual appreciation supports $93,659 over five years. Five-year ROI reaches 82.08% and total cumulative return in cash sums $92,236. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,676/mo property income instead of your personal income.

Single Family

Built in 1962

0.80 Acres lot

$N/A/sqft

No HOA

More details about the property

*MUST SEE* Beautifully updated all brick 4 bedroom 2.5 bath ranch with walkout basement. New kitchen just completed in April 2025 - cabinets, electric, commercial grade LVT flooring, stone countertops, and appliances. Kitchen sink overlooks the expansive backyard. Dining room is open to great room with gorgeous bedford stone wood burning fireplace. The walkout basement has another living area, bedroom, .5 bath and laundry room with storm shelter. Every inch of this home has been updated. Sellers had home inspected prior to listing and have made repairs but are offering a 2-10 home warranty for buyer's peace of mind. This home is a must see!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47711, Evansville, IN area.

Housing Distribution

Housing Statistics

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