Investorlift

Evansville, IN

8 deals visible on map

Zoom in to see deals.

Zoom in to see deals

Evansville, IN

$67,900 · EVANSVILLE, IN 47714
Works for flippers · Works for landlords

Available

$67,900Asking price

2 bd · 1 ba · 900 sq ft · built 1920

EVANSVILLE, IN 47714

No contract on file

via InvestorLift Classic

Listed Oct 6

Works for flippers

Works for landlords

The Numbers

Flip

Rental

Sells for (ARV)From the listing: $136,200
Asking price: −$67,900
RepairsMiddle of the seller’s $5,000 – $10,000. Ours: $12,000 – $24,500: −$7,500
Loan, holding, closing20% down, 12% interest, 2 points, 63 days: −$8,334
Profit38.5% of ARV · flippers want 10%+: $52,466
Works

Works for a flipper up to $104,000.

FIVE STREAM VENTURES, LLC.

Todd Keith

No reviews yet

Comps

Sales

Rents

ARV $136,200

From the listing

The seller picked no comps. Investimate’s own value for this home is $44,000.

The sales behind this value are shown to members.

ARV $136,200

From the listing

The seller picked no comps.

The sales behind this value are shown to members.

FIVE STREAM VENTURES, LLC.

Todd Keith

No reviews yet

Seller Description

OVERVIEW

━━━━━━━━━━━━━━━━━━━━

Location: Evansville, IN 47714 (Rosedale South, Vanderburgh County)

ARV: $136,200

Estimated Rehab: $5K-$10K, light rehab

Potential Gross Profit: ~$66,300+ before rehab

PROPERTY

━━━━━━━━━━━━━━━━━━━━

2 bed / 1 full bath / 900 SqFt

Lot: 3,125 SqFt | Built 1920 | Single-family, 1 unit

Parking: Detached 1-car garage plus street parking

THE NUMBERS

━━━━━━━━━━━━━━━━━━━━

In-place rent: $825/mo (14.2% gross yield at asking)

Market rent: $960/mo (16.5% gross yield at market)

Rent upside: $135/mo, or $1,620/yr gross

Annual taxes: $2,147 (~$179/mo) | Insurance est: $2,000 (~$167/mo)

Owner-paid utilities: $0

Comp value: approx $136,200 (ARV, $151.33/sqft)

INVESTOR HIGHLIGHTS

━━━━━━━━━━━━━━━━━━━━

Tenant in place. Income day one, no lease-up or turn cost.

Zero owner-paid utilities keeps expenses clean.

One tenant, one lease, no shared meters.

Detached 1-car garage plus street parking.

Rosedale South location, under 1 mile to University of Evansville.

PROPERTY NOTES

━━━━━━━━━━━━━━━━━━━━

Built 1920. Sold as-is, occupied.

Inspections welcome before contract.

Light rehab estimated $5K-$10K.

TERMS

━━━━━━━━━━━━━━━━━━━━

$5,000 EMD. 14-day close. Assignment deal.

Title: Momentum Title.

SOLD AS-IS. No repairs will be made by the seller.

Occupied rental. Do not disturb the tenant.

CONTACT

━━━━━━━━━━━━━━━━━━━━

Contact Todd for full details and the exact address.

Call/Text: (463) 240-1822

Email: todd@fsvproperties.com

Important Disclosures: Five Stream Ventures, LLC. is not an appraiser or a general contractor and does not claim to be one. Buyer is to do their own independent due diligence. All properties are sold as is, where is, with no warranties or representations expressed or implied. Five Stream Ventures, LLC. is a real estate investment firm and does not claim to be licensed real estate agents or brokers.