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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 5724 Stringtown Rd, Evansville, IN, 47711 generates $2,298/mo in rent and, after a $1,468/mo payment, leaves $498/mo in cash flow. Total monthly income is $2,298/mo, and annual cash flow is $5,971/yr on $99,417 invested. Return on cash invested sits at 25.92% in year one, and rental yield is 9.2% on a $299,900 entry. Equity gained on principal adds $1,935/yr, while 5% annual appreciation builds toward $82,857 over five years. Five-year ROI reaches 134.82% and total cumulative return in cash sums $134,032. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,298/mo property income rather than buyer’s personal income.
Single Family
Built in 1856
0.61 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 |
|---|---|---|
| 2025-09-02 | Listed for sale | $299,900 |
| 2019-06-05 | Sold | $175,000 |
| 2018-11-07 | Listed for sale | $179,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-04 | $1844.52 | -1.39% | $167,100 | -2.68% |
| 2023-09-04 | $1870.52 | 6.03% | $171,700 | -0.41% |
| 2022-09-04 | $1764.16 | 2.11% | $172,400 | 7.48% |
Listed by: Craig A Elliott • Weichert Realtors-The Schulz Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202535237
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.
