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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 720 Southfield Rd, Evansville, IN, 47715 offers $2,041/mo rent that, after a $1,199/mo payment, leaves $443/mo cash flow. Total monthly income is $2,041/mo, and annual cash flow is $5,312/yr on $81,218 cash. Return on cash invested measures 26.45% in year one, and rental yield stands at 10% at a $245,000 entry. Equity gained on principal adds $1,581/yr while 5% annual appreciation compounds into $67,689 by year five. Five-year ROI records 138.35% and total cumulative return in cash reaches $112,368. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,041/mo property income versus a $1,199/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1981
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47715, Evansville, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,106 (100%) |
| Owner Occupied HU | 7,008 (46.4%) |
| Renter Occupied HU | 7,082 (46.9%) |
| Vacant Housing Units | 1,016 ( 6.7%) |
| Median Home Value | $218,062 |
| Average Home Value | $246,752 |
Residential
14,912
Single Family
11,610
Multi-Family
3,302
Businesses
1,567
Date | Event | Price |
|---|---|---|
| 2025-10-06 | Sold | $245,000 |
| 2025-09-10 | Pending sale | $259,900 |
| 2025-08-17 | Price change | $259,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-21 | $3566.92 | 11.06% | $165,800 | 1.04% |
| 2023-10-21 | $3211.72 | 20.65% | $164,100 | 11.71% |
| 2022-10-21 | $2662.00 | 2.70% | $146,900 | 22.83% |
Listed by: Mia Dix • ERA FIRST ADVANTAGE REALTY, INC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202528204
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.
