908 Stewart Ave, Evansville, IN, 47715 | $297/mo Cash Flow

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908 Stewart Ave, Evansville, IN, 47715 | $297/mo Cash Flow | Ziffy

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Evansville at 908 Stewart Ave, Evansville, IN, 47715 listed at $267,000 pairs $1,900/mo rent with a $1,307/mo payment to leave $297/mo cash flow. Total monthly income runs $1,900/mo, and annual cash flow reaches $3,565/yr on $88,511 cash to close. Return on cash invested measures 23.94% in year one, and rental yield registers 8.54% at a $267,000 basis. Equity gained on principal adds $1,723/yr, and annual property appreciation at 5% supports $73,767 by year five. Five-year ROI tracks 124.24% and total cumulative return in cash totals $109,963. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,900/mo property income relative to a $1,307/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1946

0.30 Acres lot

$N/A/sqft

No HOA

More details about the property

Love where you live! This spacious 4-bedroom, 2.5-bath brick home sits on a generous 0.3-acre lot with mature trees, a detached 2-car garage, and a fully fenced backyard, offering charm and versatility both inside and out. A welcoming brick path leads to the front door and into a bright, inviting living room with abundant natural light and a cozy wood-burning fireplace. The kitchen connects seamlessly to a formal dining area, perfect for everyday meals or hosting guests. The main level primary suite features a huge walk-in closet and a well-appointed bath with a twin-sink vanity and spacious linen closet. A second bedroom, half bath, and convenient main-level laundry add to the comfort and function of the floor plan. Upstairs, a large bonus room provides flexible space for a second living area or hobby room, along with two more bedrooms and an updated full bath. The finished basement adds even more living options with a generous rec room that includes a kitchenette and bar seating, an office nook, a second laundry area, and plenty of storage. Step outside to enjoy the beautiful oversized stone paver patio overlooking the landscaped backyard. With spacious rooms and flexible living areas across three floors, this home is sure to impress! Garage is being sold as-is.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47715, Evansville, IN area.

Housing Distribution

Housing Statistics

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