222 Kenmore Dr · Evansville, IN 47714

$129,000

2 bd · 1.0 ba · 838 sqft · SingleFamily public records · 82 Days on market

Built 1946 7,405 sqft lot Est $136k · at est.

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +12.6/30.0
• ARV discount +9.7/15.0
• Rent growth +4.5/5.0
• DSCR +3.7/10.0
• Schools +3.3/10.0
• Livability +3.2/5.0
• 1% rule +3.1/10.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

Welcome home to this charming brick ranch offering comfort, functionality, and a great value! This cozy two-bedroom, one-bath home features durable vinyl plank flooring throughout the majority of the living spaces, creating a clean and modern feel. The kitchen comes equipped with a new stove and provides convenient access to a dedicated laundry area just off the kitchen for added everyday ease. Just off the living room there is an additional space that works well for a home office, study area, or reading nook. The bathroom has been updated and features tiled shower walls for a clean, modern look. Outside, you’ll find a large backyard with plenty of room for outdoor activities. The pro

Key facts

• New stove
• Tiled shower walls
• Vinyl plank flooring

Tags

• BRICK RANCH
• VINYL PLANK FLOORING
• NEW STOVE
• DEDICATED LAUNDRY AREA
• HOME OFFICE
• TILED SHOWER WALLS

Property features AI

Exterior

• Parking: Detached concrete garage with 2.5 car capacity
• Utilities: Public water; Public sewer
• Home design: Single-family residence (site-built); One story; Approximately 0.17 acre lot
• Construction: Brick construction; Shingle roof; Slab foundation; Home warranty included
• Exterior features: Level lot; No fencing; Lot dimensions approximately 66 x 113

Interior

• Kitchen: Electric range; Disposal; Laminate countertops
• Bedrooms: Total of 5 rooms (includes bedrooms)
• Flooring: Tile; Vinyl
• Bathrooms: 1 full bathroom (main level)
• Heating & cooling: Central air conditioning; Natural gas forced-air heating
• Interior features: Laminate countertops; Disposal; Electric range; One fireplace
• Laundry & utility: Laundry on main level

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath single-family listed at $129k.

Deal economics

• At list price, monthly cash flow is $-17 ($-208/yr) — negative.
• To cash-flow at today's rent, offer at most $126k (2.4% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $104k (19.2% below list).
• Recommended offer: $104k (19.2% below list) — sets the bar for 1% rule.
• Cap rate 6.1% vs local median 4.6% in Evansville — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 63/100 on livability (#416 in IN) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+, health & safety A+; Watch: crime F, commute F, employment D-.
• Evansville Vanderburgh School Corporation (urban): math 36% / reading 43% proficiency, ranked #153 of 301 in IN (top 51%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Zoned schools: Hebron Elementary School (math 37% / reading 35%, grade F, #577 of 994 statewide, top 59%, 758 students, 56% FRL); Plaza Park International Prep Acad (math 27% / reading 37%, grade F, #190 of 330 statewide, top 59%, 650 students, 65% FRL); William Henry Harrison High School (math 29% / reading 54%, grade F, #211 of 369 statewide, top 58%, 1,158 students, 61% FRL).
• Market conditions: Rents rising fast (+7.9%/yr); 188 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals at typical pace (median 21d on market — plan ~3-4 weeks tenant-placement turnaround); 508 units permitted in Vanderburgh County in 2024 (32 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $892 of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 82 days — a 6% lower offer ($121k) is reasonable based on typical stale-listing flexibility.
• 2 sale attempts since 9y ago; this cycle's ask has dropped $10k (7%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1946 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: extreme-heat days projected 7→19/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $104,281 (19.2% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. It's been on market 82 days. Have you received any prior offers? Is the seller open to a 19% concession, seller financing, or rate buy-down credit?
3. Built in 1946 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
7. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
8. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.81% ✗
• Cap rate: 6.13%
• Cash-on-cash: -0.58%
• DSCR: 0.97
• GRM: 10.3

CMA / ARV

• ARV (on-the-fly): $135,756
• Comps found: 6

Show comp detail 6 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
320 Euclid Dr	0.08mi	2/1.0	768 (-8%)	1mo	$129,000	$168	81
207 S Iroquois Dr	0.09mi	2/1.0	864 (+3%)	13mo	$140,000	$162	80
214 S Congress Ave	0.11mi	2/1.0	800 (-4%)	16mo	$130,500	$163	74
417 S Congress Ave	0.18mi	2/1.0	900 (+7%)	15mo	$109,000	$121	67
304 S Congress Ave	0.11mi	2/1.0	768 (-8%)	21mo	$65,000	$85	63
30 S Iroquois Dr	0.14mi	2/2.0	952 (+14%)	24mo	$153,500	$161	47

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 7.86% rent growth · sell at horizon

5-year hold

• IRR: -12.2%
• Equity multiple: 0.54×
• Total profit: $-16,676
• Equity at exit: $19,234

10-year hold

• IRR: 2.7%
• Equity multiple: 1.23×
• Total profit: $8,268
• Equity at exit: $11,154

Cash invested: $36,120 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State Indiana: 90 Strongly Landlord-Friendly · R+11
• County: — inherits STATE
• City: — inherits STATE

10-day pay-or-quit; landlord-favorable; preempted.

Methodology + full state rankings →

ZIP-level market 47714

• Rents YoY: 7.9%
• Active inventory: 188
• Price-to-rent: 10.3×

Monthly cashflow live

• Estimated rent: $1,043 high
• Mortgage (P&I): −$676
• Tax from tax record: −$111 /mo · $1,331/yr
• Insurance: −$54
• HOA: −$0
• Vacancy / Maint / Mgmt: −$219
• Net cashflow: $-17

Break-even live

Break-even rent $1,065

Max offer price $125,931

Occupancy floor 97%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $32,250
• Closing costs: $3,870
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4982 Tippecanoe Dr Evansville, IN	1.0–2.0	1.0	897	$910	$1.01	13d	3	0.38mi
700 Chateau Dr Evansville, IN	2.0	1.0	825	$695	$0.84	13d	2	0.52mi
3951 Bellemeade Ave Unit D Evansville, IN	2.0	1.0	825	$1,100	$1.33	20d	1	0.58mi
665 Saint Mary's Dr Unit 3 Evansville, IN	1.0	1.0	550	$900	$1.64	20d	1	0.63mi
5560 E Virginia St Evansville, IN	1.0	1.0	773	$899	$1.16	20d	1	0.65mi
950 S Hebron Ave Apt 301 Evansville, IN	2.0	1.0	1088	$1,900	$1.75	20d	1	0.66mi
815 Erie Ave Evansville, IN	1.0–2.0	1.0–2.5	1038	$1,349	$1.30	13d	17	0.71mi
3 Brentwood Dr Evansville, IN	1.0	1.0	550	$1,300	$2.36	20d	1	0.88mi
1165 Shiloh Sq Evansville, IN	1.0–2.0	1.0–2.0	907	$1,145	$1.26	13d	15	0.98mi
1100 Erie Ave Evansville, IN	1.0–3.0	1.0–2.0	962	$1,188	$1.23	20d	2	0.99mi
200 Kimber Ln Evansville, IN	1.0–3.0	1.0–1.5	1025	$1,149	$1.12	13d	5	1.08mi
1290 Hatfield Dr Unit 1330 Evansville, IN	1.0	1.0	550	$697	$1.27	20d	1	1.16mi
1290 Hatfield Dr Unit 1266 Evansville, IN	1.0	1.0	600	$800	$1.33	20d	1	1.16mi
1290 Hatfield Dr Unit 1150 Evansville, IN	1.0	1.0	550	$775	$1.41	13d	1	1.16mi
1290 Hatfield Dr Unit 1378 Evansville, IN	1.0	1.0	550	$775	$1.41	20d	1	1.16mi
100 Williamsburg Dr Evansville, IN	1.0–3.0	1.0–1.5	960	$1,187	$1.24	13d	10	1.16mi
1320 Lee Ct Evansville, IN	1.0–4.0	1.0–1.5	1007	$1,032	$1.03	13d	36	1.20mi
5301 Stonehedge Dr Evansville, IN	1.0–2.0	1.0–2.0	914	$1,170	$1.28	13d	19	1.24mi
3700 Justus Ct Evansville, IN	1.0–2.0	1.0–2.0	790	$975	$1.23	20d	1	1.28mi
900 S Saint James Blvd Evansville, IN	3.0	2.0	1118	$1,450	$1.30	20d	1	1.28mi
4689 Covert Ave Unit 4629 Evansville, IN	2.0	1.0	725	$775	$1.07	13d	1	1.35mi
4689 Covert Ave Unit 4637 Evansville, IN	1.0	1.0	610	$695	$1.14	20d	1	1.35mi
1621 Burdette Ave Evansville, IN	2.0	1.0	720	$1,050	$1.46	20d	1	1.37mi
103 Princeton Ct Evansville, IN	1.0	1.0	576	$802	$1.39	13d	4	1.40mi

Listing history 18 events

1. 2026-06-18
   days on market $129,000 Active 82 DOM
2. 2026-06-17
   days on market $129,000 Active 81 DOM
3. 2026-06-16
   days on market $129,000 Active 80 DOM
4. 2026-06-15
   days on market $129,000 Active 79 DOM
5. 2026-06-14
   days on market $129,000 Active 77 DOM
6. 2026-06-13
   days on market $129,000 Active 76 DOM
7. 2026-06-10
   days on market $129,000 Active 74 DOM
8. 2026-06-09
   days on market $129,000 Active 73 DOM
9. 2026-06-08
   days on market $129,000 Active 72 DOM
10. 2026-06-07
    days on market $129,000 Active 71 DOM
11. 2026-06-02
    days on market $129,000 Active 66 DOM
12. 2026-06-01
    days on market $129,000 Active 65 DOM
13. 2026-05-31
    days on market $129,000 Active 64 DOM
14. 2026-05-30
    days on market $129,000 Active 63 DOM
15. 2026-05-02
    status Pending
16. 2026-03-31
    price $129,000
17. 2026-03-02
    listed $139,000 Active
18. 2017-07-07
    listed $58,000

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast IN · Partial reset (capped growth)

• Current annual tax: $1,331 · $111/mo
• Projected year-2 tax: $1,331 · $111/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 5/10 Major 7 d/yr ≥107°F today · 19 d/yr by 30 yrs out
• 💨 Wind 2/10 Low 3% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $12,514
• − Mortgage interest: −$7,226
• − Property taxes: −$1,331
• − Insurance: −$645
• − Repairs & maintenance: −$1,001
• − Management: −$1,001
• − Depreciation: −$3,753
• Taxable loss: −$2,444
• Est. tax savings @ 24.0%: +$586
• After-tax cash flow: $378/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Evansville Vanderburgh School Corporation
• NCES district ID: 1803450
• Math proficiency: 36% ▼ -7.00%
• Reading proficiency: 43% ▼ -3.00%
• Median HH income: $43,270
• Composite: 33.41/100
• National rank: #5471
• State rank: #153 of 301 in IN

Livability — Evansville

• Score: 63/100
• State rank: #416
• US rank: #15047

Category grades

Amenities C Commute F Cost of living A+ Crime F Employment D- Housing A+ Health & safety A+ User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Evansville, IN
• County: Vanderburgh County · 146,793 people
• City population: 146,793
• Metro: Evansville, IN-KY
• Population (ZIP): 32,132
• Household income: $55,910
• Rent vs Own: 39.8% rent · 60.2% own
• Severe rent burden: 1394.0

Population outlook (Vanderburgh County) Hauer SSP2

• Today (2025): 187,038 people
• By 2030: 188,907 · +1.0%
• By 2040: 190,272 · +1.7%
• By 2050: 188,871 · +1.0%
• By 2075: 180,751 · -3.4%
• By 2100: 163,015 · -12.8%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (71%)
• Race & ethnicity: White 71% Black 17% Two or more races 6% Hispanic / Latino 6% Asian 1%
• Hispanic origin (detail): Mexican 3%
• Common ancestry: Italian 3% Lithuanian 2% Slovak 1%
• Foreign-born: 6% · Canada, China
• Languages at home: 92% English-only · Spanish 4% Other Asian/Pacific 1% French/Haitian/Cajun 1%

Political lean MEDSL · Vanderburgh

• 2024 margin: R (+12.7) · D 43.0% · R 55.6% · Other 1.4%
• 2008→2024 swing: -15.1pp toward R · 2008: 2.5pp · 2024: -12.7pp
• All cycles: 2024: R+12.7 2020: R+9.6 2016: R+16.9 2012: R+10.8 2008: D+2.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -124.80%
• Current HPI: 211.1755
• Rent YoY: ▲ 7.86%
• Metro: Evansville, IN-KY
• State GDP YoY: ▲ 2.90%
• F500 in state: 18

Industry mix (Fortune 500 HQ in IN)

Industry	F500 HQs	Revenue
▸Industrial Machinery	2	$37B
▸Healthcare	1	$177B
▸Pharmaceuticals	1	$45B
▸Metals / Steel	1	$18B
▸Agriculture	1	$17B
▸Packaging	1	$12B

Price history

+122.4% since first listed

4 events — show timeline

• 2026-05-02 Pending — IRMLS
• 2026-03-31 Price Changed $129,000 IRMLS
• 2026-03-02 Listed $139,000 IRMLS
• 2017-07-07 Listed $58,000 IRMLS

Property tax history

-3.1%/yr

Latest (2024): $1,331 · +1.5% YoY. Source: county tax records.