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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 5800 Middle Mount Vernon Rd, Evansville, IN, 47712 with 5% annual appreciation on a $365,000 basis while $2,905/mo rent supports operations. Total monthly income totals $2,905/mo and a $1,786/mo payment preserves $714/mo for cash returns. Annual cash flow comes to $8,574/yr on $120,998 deployed, and return on cash invested reaches 26.99% in year one. Equity gained on principal adds $2,355/yr, and five-year appreciation sums $100,843 alongside rental yield of 9.55%. Five-year ROI measures 140.62% and total cumulative return in cash totals $170,143.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,905/mo property income versus a $1,786/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1987
2.50 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47712, Evansville, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,417 (100%) |
| Owner Occupied HU | 6,822 (59.8%) |
| Renter Occupied HU | 3,381 (29.6%) |
| Vacant Housing Units | 1,214 (10.6%) |
| Median Home Value | $224,192 |
| Average Home Value | $254,495 |
Residential
10,381
Single Family
9,635
Multi-Family
746
Businesses
517
Date | Event | Price |
|---|---|---|
| 2024-12-13 | Sold | $365,000 |
| 2024-11-11 | Pending sale | $385,000 |
| 2024-10-08 | Price change | $385,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-23 | $2599.56 | -7.70% | $267,500 | 16.51% |
| 2023-10-23 | $2816.48 | 1.29% | $229,600 | -2.79% |
| 2022-10-23 | $2780.68 | 3.10% | $236,200 | 7.61% |
Listed by: Trae Dauby • Dauby Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202436575
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.
