912 N Spring St, Evansville, IN, 47711 | $452/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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912 N Spring St, Evansville, IN, 47711 | $452/mo Cash Flow | Ziffy

For Sale

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

Rental property for sale in Evansville at 912 N Spring St, Evansville, IN, 47711 generates $1,484/mo in rent and, after a $841/mo payment, leaves $452/mo in cash flow. Total monthly income is $1,484/mo, and annual cash flow is $5,430/yr on $56,981 invested. Return on cash invested sits at 29.44% in year one, and rental yield is 10.36% on a $171,888 entry. Equity gained on principal adds $1,109/yr, while 5% annual appreciation builds toward $47,489 over five years. Five-year ROI reaches 153.74% and total cumulative return in cash sums $87,602. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,484/mo property income rather than buyer’s personal income.

Single Family

Built in 1960

6,534 sqft lot

$N/A/sqft

No HOA

More details about the property

Dreaming of your first home in a great location? This 1-2 bedroom charmer has the updates, AND the oversized 2.5-car garage of your dreams (yes, its heated AND has its own half bath!) The front comfy living room features wood floors, a ceiling fan and is freshly painted, open to the kitchen with its stainless range/oven, big raised bar, and convenient laundry closet. A door off the kitchen takes you straight out to a spacious 14x16 deckideal for morning coffee, fall cookouts, or winding down at the end of the day. The home offers a traditional bedroom plus a flexible second space that has been used as a den but could be a 2nd bedroom. From there, youll love the big family room addition with laminate floors, ceiling fan, and another door to the deckgiving you even more room to relax and entertain. The full bath is simple with a tub/shower combo and single vanity. The garage steals the show! Heated, with a ceiling fan and even its own half bath, its the ultimate hangout zone, workshop, car projects or game-day headquarters. Add in a cute yard, newer furnace & A/C (2019), replacement windows, and a new garage furnace (2023), and youve got a starter home thats way more than just starter, Move in ready.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47711, Evansville, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	14,101 (100%)
Owner Occupied HU	9,728 (69.0%)
Renter Occupied HU	3,243 (23.0%)
Vacant Housing Units	1,130 ( 8.0%)
Median Home Value	$186,195
Average Home Value	$202,916