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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 5511 Stringtown Rd, Evansville, IN, 47711 priced at $321,100 converts $2,098/mo rent into $170/mo cash flow after a $1,572/mo obligation. Total monthly income equals $2,098/mo, and annual cash flow totals $2,041/yr on $106,445 invested. Return on cash invested prints 21.83% in year one, and rental yield reads 7.84% against a $321,100 entry. Equity gained on principal adds $2,072/yr, while 5% annual appreciation compiles into $88,714 by year five. Five-year ROI reaches 112.92% and total cumulative return in cash sums $120,192. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,098/mo property income covering a $1,572/mo payment, not borrower’s personal income.
Single Family
Built in 1948
2.99 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 |
|---|---|---|
| 2024-11-11 | Listing removed | $449,900 |
| 2024-09-03 | Price change | $475,900 |
| 2024-06-24 | Listed for sale | $499,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-23 | $2533.68 | 1.70% | $217,500 | -2.60% |
| 2023-10-23 | $2491.32 | 5.58% | $223,300 | -0.40% |
| 2022-10-23 | $2359.68 | -3.81% | $224,200 | 7.68% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
