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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 824 E Riverside Dr, Evansville, IN, 47713 generates $1,752/mo in rent and, after a $925/mo payment, leaves $581/mo in cash flow. Total monthly income is $1,752/mo, and annual cash flow is $6,968/yr on $62,654 invested. Return on cash invested sits at 31.03% in year one, and rental yield is 11.12% on a $189,000 entry. Equity gained on principal adds $1,220/yr, while 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 162.49% and total cumulative return in cash sums $101,806. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,752/mo property income rather than buyer’s personal income.
Single Family
Built in 1929
6,098 sqft lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2025-08-08 | Listed for sale | $189,000 |
| 2025-08-03 | Listing removed | $193,000 |
| 2025-07-24 | Price change | $193,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-11 | $2011.08 | -0.97% | $95,800 | 3.46% |
| 2023-08-11 | $2030.76 | 6.87% | $92,600 | -0.43% |
| 2022-08-11 | $1900.16 | 2.33% | $93,000 | 8.77% |
Listed by: Mitch Isbell • RE/MAX REVOLUTION
Mls Name: IRMLS
Mls Provider:
Mls ID: #202531516
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.
