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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 7400 E Walnut St, Evansville, IN, 47715 offers a 7.8% rental yield on a $425,000 purchase with $2,761/mo rent. Total monthly income registers $2,761/mo, and a $2,080/mo payment leaves $161/mo available for distribution. Annual cash flow reaches $1,929/yr on $140,888 to close, and return on cash invested stands at 21.28% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,420 over five years. Portfolio math shows five-year ROI at 110.09% and total cumulative return in cash at $155,105. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,761/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1981
0.30 Acres 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-05 | $4117.96 | -1.82% | $389,600 | 3.12% |
| 2023-05-05 | $4194.20 | 3.37% | $377,800 | -0.45% |
| 2022-05-05 | $4057.64 | 2.62% | $379,500 | 5.36% |
Listed by: Jacob McGennis • Curran Miller Auction & Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202515681
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.
