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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 5905 Shelbourne Rd, Evansville, IN, 47710 priced at $195,000 converts $1,657/mo rent into $487/mo cash flow after a $954/mo obligation. Total monthly income equals $1,657/mo, and annual cash flow totals $5,842/yr on $64,643 invested. Return on cash invested prints 28.95% in year one, and rental yield reads 10.2% against a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation compiles into $53,875 by year five. Five-year ROI reaches 151.05% and total cumulative return in cash sums $97,642. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,657/mo property income covering a $954/mo payment, not borrower’s personal income.
Single Family
Built in 1969
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47710, Evansville, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,028 (100%) |
| Owner Occupied HU | 4,484 (49.7%) |
| Renter Occupied HU | 3,556 (39.4%) |
| Vacant Housing Units | 988 (10.9%) |
| Median Home Value | $169,138 |
| Average Home Value | $212,042 |
Residential
8,354
Single Family
7,255
Multi-Family
1,099
Businesses
587
Date | Event | Price |
|---|---|---|
| 2025-03-25 | Listed for sale | $195,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-26 | $642.64 | 2.00% | $158,700 | 3.25% |
| 2023-03-26 | $630.04 | 2.00% | $153,700 | 17.69% |
| 2022-03-26 | $617.70 | 2.00% | $130,600 | 38.79% |
Listed by: Penny Crick • ERA FIRST ADVANTAGE REALTY, INC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202509732
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.
