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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 664 S Alvord Blvd, Evansville, IN, 47714 generates $2,635/mo in rent, after a $2,423/mo payment. Total monthly income is $2,635/mo. Return on cash invested sits at 17.45% in year one, and rental yield is 6.39% on a $495,000 entry. Equity gained on principal adds $3,194/yr, while 5% annual appreciation builds toward $136,759 over five years. Five-year ROI reaches 89.41% and total cumulative return in cash sums $146,710. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,635/mo property income rather than buyer’s personal income.
Single Family
Built in 1935
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47714, Evansville, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,625 (100%) |
| Owner Occupied HU | 7,947 (50.9%) |
| Renter Occupied HU | 5,921 (37.9%) |
| Vacant Housing Units | 1,757 (11.2%) |
| Median Home Value | $150,643 |
| Average Home Value | $196,114 |
Residential
14,661
Single Family
13,749
Multi-Family
912
Businesses
674
Date | Event | Price |
|---|---|---|
| 2025-04-28 | Listed for sale | $495,000 |
| 2020-09-30 | Sold | $299,000 |
| 2020-08-26 | Listed for sale | $295,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-30 | $2413.70 | -1.50% | $321,700 | 44.07% |
| 2023-04-30 | $2450.36 | 5.34% | $223,300 | -0.40% |
| 2022-04-30 | $2326.12 | 9.56% | $224,200 | 7.02% |
Listed by: Stacy J Stevens • Landmark Realty & Development, Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202514950
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.
