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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 701 N Red Bank Rd #B, Evansville, IN, 47712 with 5% annual appreciation on a $243,500 basis while $2,041/mo rent supports operations. Total monthly income totals $2,041/mo and a $1,192/mo payment preserves $579/mo for cash returns. Annual cash flow comes to $6,949/yr on $80,720 deployed, and return on cash invested reaches 28.52% in year one. Equity gained on principal adds $1,571/yr, and five-year appreciation sums $67,275 alongside rental yield of 10.06%. Five-year ROI measures 148.81% and total cumulative return in cash totals $120,117.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,041/mo property income versus a $1,192/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1940
0.52 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 |
|---|---|---|
| 2025-07-08 | Sold | $243,500 |
| 2025-06-01 | Pending sale | $249,900 |
| 2025-05-28 | Price change | $249,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-14 | $37.44 | -67.31% | $140,800 | 2.92% |
| 2023-10-14 | $114.52 | 791.90% | $136,800 | -0.44% |
| 2022-10-14 | $12.84 | -76.79% | $137,400 | 6.59% |
Listed by: Johnnie Stewart • Dauby Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516092
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.
